The Opportunity
A chance to own five contiguous commercial condominium units in one of Brooklyn's most prominent corridors, with approximately 45,000 vehicles in average daily traffic. Zoned for community facility use, this space is ready for a medical, religious, wellness, educational, or institutional operator to move quickly. The hard work has been done: elevator, HVAC, plumbing, and electrical infrastructure are already in place, eliminating the largest capital hurdle most buildouts face.
Property Details
| Address | 235 Ocean Parkway, Brooklyn, NY 11218 (Kensington) |
|---|---|
| Units | 5 commercial condominium units |
| Ground Floor (Unit 1) | ~700 SF, floor-to-ceiling window facing Ocean Parkway, private handicap-accessible bathroom |
| Lower Level (Units 2–5) | ~4,070 SF of contiguous open space, 9–12 ft ceilings |
| Total Size | ~4,770 SF |
| Frontage | 22 ft on Ocean Parkway |
| Vertical Access | New ADA-compliant elevator connecting ground floor to lower level |
| Bathrooms | 3 total — ADA bathroom (ground floor), men's room (stall + urinal), women's room (two stalls) |
| Building Systems | HVAC installed, electrical service connected, sprinklered |
| Zoning | R7A / R5, Ocean Parkway overlay — community facility use group |
| Block & Lot | 5339-7501 |
| Combined Property Taxes | ~$24,295/year |
| Combined Common Charges (CAM) | ~$2,891/month |
Floor Plan
Location & Access
Kensington is a dense, established Brooklyn residential neighborhood with strong foot traffic and excellent transit access.
- Subway: B, D, F, G, and Q lines nearby (Church Ave and Beverly Rd stations)
- Bus: B16, B35, B68, B103
- Minutes from Prospect Park, with a dense surrounding residential population and established neighborhood institutions
- Nearby retail anchors include CVS, Walgreens, KFC, Burger King, and a local fitness gym — an active, established commercial corridor
Ideal For
- Medical or specialty healthcare practice
- Physical therapy / rehabilitation center
- Wellness, longevity, or medical spa concept
- Educational, tutoring, or training facility
- Cultural or community institution
- Religious institution
Community facility zoning allows these uses as-of-right — no variance or special permit required, which significantly shortens a buyer's path to opening.
Terms
Asking Price$1,500,000
Owner Financing Available: As low as $200,000 down, with the balance financed by the seller over a 10-year term at 6% interest — a straightforward path to ownership for a qualified buyer or operator.
Contact
[Owner name / phone / email — to be added]