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119 Oceanview Avenue, 
Brooklyn, NY 11235

$1,500,000


5

Beds


6

Baths


5,370

Sq Ft


Multi-Family

Active

Listed by

Ayzik Nasimov

, 

Yujie Zhang

Ilite Realty Inc

, 

1480458

718-975-0555

Last updated:

October 22, 2026, 12:02 PM

MLS#

505107

Source:

BROOKLYN

About This Home

119 Oceanview Avenue

Unique income-producing investment opportunity in Brighton Beach. This substantial brick property is currently configured as five occupied residential units, consistent with the five-unit configuration described in the appraisal and architectural plans. The appraisal reports approximately 3,840 SF of building area. Architectural plans show approximately 3,782 SF above grade and 5,370 SF of total gross floor surface including basement/cellar areas. The property consists of a two-story and partial three-story structure with a partial basement and one-car garage. Features include red-brick construction, poured-concrete foundation, replacement Thermopane windows, gas heating, garage plus 2 parking spaces, storage and mechanical areas. Originally constructed in 1950 and most recently altered in 2003, the property is described in the appraisal as being in good overall condition with no deferred maintenance observed at the time of inspection. The configuration includes a larger residential portion comparable to a 4-bedroom, 2-bath dwelling plus four additional apartments. All five units are currently occupied, with rents significantly below the market-rent levels estimated in the appraisal, offering potential long-term upside for an investor. Architectural plans have been prepared for conversion to five dwelling units, identifying one existing dwelling unit plus four additional units. Current occupancy is two-family; the five-unit configuration has not yet been completed. Buyer to independently verify DOB status, architectural plans, existing tenancies, square footage and all requirements necessary to complete the legalization process. Appraisal and architectural plans are available upon request for additional information regarding the property, proposed five-unit configuration.

Home Facts

Multi-Family

6 Baths

5 Bedrooms

Built in 1950

Price Summary

1,500,000

$279 per Sq. Ft.

MLS #:

505107

Last Updated:

October 22, 2026, 12:02 PM

Added:

21 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

5,370 Sq. Ft.


Structure

Structure

Building Area:

5,370 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

3,075


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$279 per Sq. Ft.

Source:BROOKLYN
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.