NOT LISTED FOR SALE

2191 Ocean Ave Brooklyn, NY 11229

Madison Neighborhood

Estimated Value: $1,485,000 - $1,816,000

7 Beds
5 Baths
3,360 Sq Ft
$493/Sq Ft Est. Value

Last Sold January 23, 2019

Last sale price $1,532,000 $456 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $9,648/month

Highlights

  • Colonial Architecture
  • Multiple cooling system units
  • Back Yard
  • P.S. 197 Kings Highway Academy (The) Rated A-

About This Home

As of January 2019

Huge two family fully detached 21 X 80 brick house on a 30 x 110 lot. Two separate apartments, seven rooms, four bedrooms, living room, formal dining room and kitchen on the second floor, six rooms, three bedrooms on the first floor plus a full finished basement with private entrance. The house was built in 1925 as a legal four family home, converted to a two family in 1954. Current zoning is R7A. Great location, in the heart of Midwood, between Quentin Road and Avenue R, close to all, Kings Highway shopping hub, schools, subway (B and Q Lines), buses.

Last Agent to Sell the Property

Sal Calabrese

Listed on: 09/12/2018

Last Buyer's Agent

Michelle Zhang

RE/MAX Real Estate Professionals License #10401237592

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,077

Year Built

  • Built in 1930

Lot Details

  • 3,300 Sq Ft Lot
  • Lot Dimensions are 110 x 30
  • Back Yard

Home Design

  • 3,360 Sq Ft Home
  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Shared Driveway

Utilities

  • Multiple cooling system units
  • Gas Water Heater

Additional Features

  • Finished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 6803

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,077

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 5.00
  • Borough: Brooklyn
  • Building Length: 80.00
  • Building Width: 21.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Quentin Road
  • Cross Street Name2: Avenue R
  • Handicap Access Y N U: No
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Fill Sq Ft Total: 3360
  • Street Name I D X: Ocean
  • Building Style: Colonial
  • Withdrawal Type: Withdrawal of Property
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 5
  • Total Bedrooms: 7
  • Flooring: Other
  • Lot Sq Ft: 3300

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 84
  • Roof: Other

Utilities

  • Air Conditioning Units: 5+
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 110
  • Lot Size Width: 30
  • Zoning: R7A

Tax Info

  • Flip Tax Amount: 10077.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2018
Closed on
Jan 23, 2019
Sold by
Lew Alice and Young Alice
Bought by
Lin Chaoren
Seller's Agent
Sal Calabrese
Buyer's Agent
Michelle Zhang
RE/MAX Real Estate Professionals
Sold Price
$1,532,000
Current Estimated Value
$1,655,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,342
Avg. Annual Appreciation
1.12%
Original Mortgage
$1,149,000
Outstanding Balance
$1,010,205
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$645,137
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lin Chaoren $1,532,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Chaoren $1,149,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2019 01/23/19 Sold $1,532,000 -- $456 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $11,914 $93,480 $23,880 $69,600
2024 $11,914 $109,980 $23,880 $86,100
2023 $12,047 $134,340 $23,880 $110,460
2022 $11,325 $118,800 $23,880 $94,920
2021 $11,269 $91,740 $23,880 $67,860
2019 $10,341 $60,960 $23,880 $37,080
2018 $9,779 $49,432 $14,466 $34,966
2017 $9,338 $47,277 $16,860 $30,417
2016 $8,611 $44,622 $17,142 $27,480
2015 $5,160 $43,665 $13,702 $29,963
2014 $5,160 $41,194 $13,842 $27,352
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sal Calabrese

  • Michelle Zhang

    Buyer's Agent in 2019

    Michelle Zhang

    RE/MAX

    (646) 937-2188

    183 Total Sales

    Michelle Zhang
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 423527

Brooklyn Board of REALTORS®

APN: 06803-0084

New York Kings County Brooklyn 11229 Madison

2191 Ocean Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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