NOT LISTED FOR SALE

2025 Ocean Ave Unit 5 B Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $769,000 - $936,000

3 Beds
2 Baths
1,470 Sq Ft
$224/mo HOA Fee

Last Sold May 07, 2024

Last sale price $853,000 $580 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,621/month

Highlights

  • New Construction
  • City View
  • High-Rise Condominium
  • P.S. 197 Kings Highway Academy (The) Rated A-

About This Home

As of May 2024

IMMEDIATE CLOSINGS! WEEKDAY SHOWINGS ARE AVAILABLE BY APPOINTMENT.

Welcome to 2025 Ocean Avenue a perfectly scaled collection of 1-bedroom, 2-bedroom and 3-bedroom residences. Located in Midwood, just minutes away from Kings Highway active shopping corridors. Enjoy all of the luxuries of new construction as well as comfort and convenience that is offered by this neighborhood.

Unit 5B is a spacious and inviting 3 bedroom / 2 bathroom layout with not one, but 2 private outdoor spaces! As you enter this home you are welcomed by a large entry foyer featuring a double door closet. Further in you have an expansive dining/living space which is flooded with natural light from the west facing exposure, leading you onto the long balcony expanding from the living room reaching the 3rd bedroom with accessibility from both rooms.
The Kitchen is outfitted with Germany imported cabinetry with soft closing mechanism, quartz countertops and modern backsplash, under-cabinet lighting, stainless-steel appliance by Bloomberg, featuring 5 burner stove with illuminated knobs, Stainless steel dishwasher, and range hood with an exhaust vent. The kitchen also has a window allowing in fresh air and natural light flow.
Both Bedrooms are down the hall on the right side of the entrance. Enjoy the convenience of space with these roomy King-sized bedrooms with ample closet space and large windows. The bedrooms have east facing exposures and a long balcony with access from both of the two bedrooms.
The bathrooms feature porcelain tiles, toilet with dual flush, vanity with storage, medicine cabinets. The guest bathroom has a whirlpool soaker tub with jets featuring handheld and fixed rain shower head and the primary bedroom has an en-suite bathroom with a stall shower.
All residences feature large, German imported, triple pane - soundproof, tilt and turn technology windows allowing you to maximize natural light throughout your home. They also include central heating and cooling with individual room thermostats. A washer/dryer is added in every residence for further convenience.
Welcome to 2025 Ocean Avenue. We hope to see you soon! Please inquire to visit our open house by appointment.
All measurements are approximate. Images are renders that were virtually staged. Pictures Represent Various Layouts.
The complete offering terms are in an offering plan available from the File No: CD 19-0199

Last Agent to Sell the Property

Salomon Danielov

Corcoran Group License #10401221164 Listed on: 03/05/2024

Corcoran Group

Co-Listed By

Armend Duka

Corcoran Group License #10401337971

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,208

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 4,530

HOA Fees

  • $224 Monthly HOA Fees

Interior Spaces

  • 1,470 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling

Community Details

  • 16 Units
  • High-Rise Condominium
  • Midwood Subdivision
  • 8-Story Property

Listing and Financial Details

  • Tax Block 06767

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,208

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$224 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midwood
  • Entry Level: 5
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Fireplace: No
  • Living Area: 1470.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Elevator(s), Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 224.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Rental Info

  • Land Lease: No

Building Info

  • New Construction: Yes
  • Units: 16
  • Total Stories: 8
  • Year Built: 2022

Tax Info

  • Tax Block: 06767
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
May 6, 2024
Sold by
2029 Ocean Ave Llc and 2029 Ocean Avenue Llc
Bought by
Gale Zachary and Gale Zoe Nadya
Seller's Agent
Salomon Danielov
Corcoran Group
List Price
$860,000
Sold Price
$853,000
Premium/Discount to List
-$7,000
-0.81%
Views
2
Current Estimated Value
$865,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,961
Avg. Annual Appreciation
2.70%
Original Mortgage
$639,750
Outstanding Balance
$632,441
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$247,305
Source: Public Records

Range of Values:

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Average Value
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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
Gale Zachary $868,567 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gale Zachary $639,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $853,000 -0.8% $580 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $860,000 -- $585 / 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 $19,208 $162,209 $14,978 $147,231
2024 $19,208 $156,255 $14,978 $141,277
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10956636

Real Estate Board of New York (REBNY)

APN: 06767-1312