NOT LISTED FOR SALE

1408 Ocean Ave Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $12,884,500

-- Bed
-- Bath
21,370 Sq Ft
$603/Sq Ft Est. Value

About This Home

This home is located at 1408 Ocean Ave, Brooklyn, NY 11230 and is currently estimated at $12,884,500, approximately $602 per square foot. 1408 Ocean Ave is a home located in Kings County with nearby schools including School of Science and Technology, P.S. 315, and Jhs 234 Arthur W Cunningham.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2020
Sold by
1408 Ocean Avenue Llc
Bought by
1408 Partners Llc
Current Estimated Value
$12,884,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,104,044
Outstanding Balance
$5,447,880
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$7,509,725

Purchase Details

Closed on
May 10, 2000
Sold by
Sorkin Leonid
Bought by
1408 Ocean Avenue Llc

Purchase Details

Closed on
Feb 17, 2000
Sold by
Borisov Arnold
Bought by
Sorkin Leonid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.1%

Purchase Details

Closed on
Jul 16, 1999
Sold by
Simon Joseph T
Bought by
Borisov Arnold and Nazarov Yury

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,000
Interest Rate
7.83%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1408 Partners Llc $10,000,000 --
1408 Ocean Avenue Llc -- --
Sorkin Leonid $270,000 Commonwealth Land Title Ins
Borisov Arnold $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1408 Partners Llc $6,104,044
Previous Owner Sorkin Leonid $216,000
Previous Owner Borisov Arnold $229,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $154,279 $1,541,250 $110,250 $1,431,000
2024 $154,279 $1,518,750 $110,250 $1,408,500
2023 $155,497 $1,488,150 $110,250 $1,377,900
2022 $81,879 $1,403,100 $110,250 $1,292,850
2021 $57,560 $1,287,000 $110,250 $1,176,750
2020 $35,173 $1,585,800 $110,250 $1,475,550
2019 $51,203 $1,539,000 $110,250 $1,428,750
2018 $27,953 $1,492,650 $110,250 $1,382,400
2017 $20,724 $1,405,800 $110,250 $1,295,550
2016 $14,723 $1,335,600 $110,250 $1,225,350
2015 $5,596 $1,264,950 $110,250 $1,154,700
2014 $5,596 $1,178,550 $110,250 $1,068,300
Source: Public Records

Map

New York Kings County Brooklyn 11230 Midwood

1408 Ocean Ave, Brooklyn, NY

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