NOT LISTED FOR SALE

1916 Ocean Ave Unit 3 Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $587,000 - $878,000

2 Beds
2 Baths
1,229 Sq Ft
5,053 Sq Ft Lot

Last Sold January 12, 2022

Last sale price $610,000 $496 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,386/month

Highlights

  • Deck
  • Wood Flooring
  • Garage
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Multiple cooling system units

About This Home

As of January 2022

**Grass Roof w/ 360 city views for yoga, picnics, star gazing**Only $260/mth Maint. **3.5 yr tax abate**Indoor Parking** Good Amount Storage **Large Window Skyline Views, Gorgeous Wide views & sunlight in every rm**Spacious Layout **2 Balconies, Tall Bathtub **Midwood Pre-Hollywood Film History***Midwood straddles the important Victorian Historical District- over 2000 historical houses** May be well positioned geographically for price growth from North Brooklyn's expensive pricing***only $500/sf vs $650-700/sf Midwood avg.

2BR 2Baths 1200 Net SF, Avg Price ONLY $500/sf
Monthly Maintenace = only $260/mth,
3.5 yrs Tax Abatement, Current Property Tax = $155 /mth, After 3.5 yrs $840/mth
7 Ind. Parking avail., higher ceiling, hard eng. wood fl, granite kitc. top.

Why Midwood? One of glorious historic film & television origin that predates Hollywood- in fact Midwood can be said to be the original Hollywood. However this fact may not be well known, as industry may soon realize the difference to this possibly undervalued ( steep price discount to North Brooklyn )situation. Local non-profit Midwood Develop. Corp. has been revitalizing its historic roots in film/television-unmatched by any area of Brooklyn. Midwood, limited area 10 by 30 blocks, is home to renowned actors and films/shows. Vitagraph built the first US modern film studio in 1906 and was the most prolific US film co. by 1907, produced many famous silent films, the world’s first aviation war film in 1911, the world’s first animated film in 1897, and some of world’s first movie stars.

NEITHER 1916 Ocean Ave LLC NOR THE INFORMATION PROVIDERS SHALL HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE FOR THE ACCURACY, COMPLETENESS, TIMELINESS FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON THE INFORMATION. PAST PERFORMANCE OF ANY INVESTMENT STRATEGY CANNOT GUARANTEE ITS FUTURE PERFORMANCE AND LOSS OF ORIGINAL CAPITAL MAY OCCUR.

Last Agent to Sell the Property

Loria Hamilton-Field

Unreal Estate Brokerage, LLC Listed on: 07/27/2021

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $456

Year Built

  • Built in 2018

Lot Details

  • 5,053

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,229 Sq Ft Home
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Garage
  • Off-Site Parking

Additional Features

  • Deck
  • Multiple cooling system units

Community Details

  • 12 Units
  • Association Phone (917) 453-8779
  • Magellan In Midwood Condos
  • Property managed by Magellan

Listing and Financial Details

  • Tax Block 6757

Property Details

Home Type

Condominium

Est. Annual Taxes

$456

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Total Bathrooms: 2.00
  • Baths Total Level1: 2.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue N
  • Cross Street Name2: Avenue O
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Unknown
  • Maintenance Common Fee: 260.00
  • Negotiate Thru: Seller
  • Parking Attributes: Garage, Off Site, Other
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: Deck, Dishwasher, Disposal, Microwave, Refrigerator, Stove
  • Fill Sq Ft Total: 1229
  • Street Name I D X: Ocean
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Entry Floor: 3
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 25

Utilities

  • Air Conditioning Units: 3
  • Utilities: Other

Condo/Co-op/Association

  • Management Company: Magellan
  • Manager Phone: 917-453-8779
  • Units In Building: 12

Lot Info

  • Building Project Name: Magellan in Midwood

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 456.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Jan 12, 2022
Sold by
1916 Ocean Avenue Llc
Bought by
Javed Bushra
Seller's Agent
Loria Hamilton-Field
Unreal Estate Brokerage, LLC
Buyer's Agent
NON MEMBER
Sold Price
$610,000
Current Estimated Value
$705,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,254
Avg. Annual Appreciation
3.66%
Original Mortgage
$427,000
Outstanding Balance
$394,097
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$311,157
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Javed Bushra $618,692 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Javed Bushra $427,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2022 01/12/22 Sold $610,000 -- $496 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $8,693 $105,930 $11,700 $94,230
2024 $8,693 $98,691 $11,700 $86,991
2023 $5,962 $94,993 $11,700 $83,293
2022 $3,730 $87,925 $11,700 $76,225
2021 $1,864 $90,689 $11,700 $78,989
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Loria Hamilton-Field

    Unreal Estate Brokerage, LLC

    (866) 807-9087

    3 in this area

    70 Total Sales

    Loria Hamilton-Field
    Section Image

  • N

    Buyer's Agent in 2022

    NON MEMBER

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 454222

Brooklyn Board of REALTORS®

APN: 06757-1403

New York Kings County Brooklyn 11210 Midwood

1916 Ocean Ave Unit 3, Brooklyn, NY

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Nearby Homes