NOT LISTED FOR SALE

1901 Ocean Ave Unit 5A Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $445,000 - $490,000

1 Bed
1 Bath
566 Sq Ft
$364/mo HOA Fee

Last Sold October 24, 2022

Last sale price $430,950 $761 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,387/month

Highlights

  • New Construction
  • 4,400 Sq Ft lot
  • Community Garden
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Pre War Building
  • Garden

About This Home

As of October 2022

Welcome to The Nuovo Condominium, a ground-up boutique new development designed for comfort, luxury, and longevity — and constructed with materials of the highest grade inside and out.

Apartment 5A at The Nuovo contains a modern 1-bedroom + 1-bath layout with a balcony. All residences in the building feature handsome oak durable multi-layer engineered flooring, sound-attentive Pella double-paned windows, striking Caeserstone slab counters and backsplashes, custom-built Scavolini cabinetry & millwork, high-end appliances, and contemporary fixtures & finishes throughout. What's more, every apartment contains an in-unit washer/dryer hookups and a separate storage unit included in the sale.

Located at the crossroads of Midwood and Sheepshead Bay, this unique area breaks the mold of so many other Brooklyn neighborhoods. With the the B and Q express subway line just a stone's throw away, one has easy access to Midtown Manhattan (~35 minute ride), Downtown Brooklyn (~20 minute ride), and the opposite way to Brighton Beach/Coney Island (~10 minute ride).

Last Agent to Sell the Property

David Fernandez

Serhant License #40FE1052956 Listed on: 09/14/2022

Serhant

Co-Listed By

Andrew Appell

Serhant License #10401290171

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,444

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 4,400

HOA Fees

  • $364 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 566 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Additional Features

  • Garden
  • Central Air

Listing and Financial Details

  • Tax Block 07674

Community Details

Overview

  • 23 Units
  • Midwood Subdivision
  • 8-Story Property

Amenities

  • Community Garden

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,444

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$364 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midwood
  • Architectural Style: Prewar
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 566.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Building Garden, Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 364.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Area: 4400.0
  • Lot Size Dimensions: 40.0 x 110.0

Building Info

  • New Construction: Yes
  • Units: 23
  • Total Stories: 8
  • Year Built: 2021

Tax Info

  • Tax Block: 07674
  • Tax Annual: 6444.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Oct 24, 2022
Sold by
Royal 1901 Ocean Avenue Realty Llc
Bought by
Garkavy Ilya
Seller's Agent
David Fernandez
Serhant
List Price
$442,500
Sold Price
$430,950
Premium/Discount to List
-$11,550
-2.61%
Views
1
Current Estimated Value
$467,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,375
Avg. Annual Appreciation
2.89%
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Garkavy Ilya $430,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garkavy Ilya $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2023 06/25/23 Off Market $430,950 -- --
10/24/2022 10/24/22 Sold $430,950 -2.6% $761 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $442,500 -- $782 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $5,773 $61,955 $14,322 $47,633
2024 $5,773 $59,678 $14,322 $45,356
2023 $4,018 $56,607 $14,322 $42,285
2022 $4,141 $40,468 $14,322 $26,146
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10853334

Real Estate Board of New York (REBNY)

APN: 07674-1113