NOT LISTED FOR SALE

2222 Ocean Ave Unit 5-F Brooklyn, NY 11229

Homecrest Neighborhood

Estimated Value: $326,000 - $471,000

-- Bed
1 Bath
494 Sq Ft
$197/mo HOA Fee

Last Sold March 31, 2022

Last sale price $387,000 $783 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,419/month

2 Days on Market

Highlights

  • Balcony
  • Central Air
  • North Facing Home
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Garage

About This Home

As of March 2022

Pending A 421A 15-year tax abatement End 2035

Welcome to 2222 Ocean Ave! Walk into your cozy new studio apartment with private balcony and feel at ease immediately when you see your open floor plan and large North facing sliding glass windows. Make the most out of your space with a large closet by the entry way and a walk in closet adjacent to your kitchenette. Next to your kitchenette, you will find a closeted space equipped with washer and dryer hook ups.

Stainless steel appliances and a beautiful geometric mosaic design back splash highlight your kitchen space. Your bathroom features a monochromatic white Italian porcelain marbled design with a tub. The expansive living area receives beautiful morning sunlight with the east facing sliding doors that lead to your private balcony space. This apartment features high quality Italian porcelain floors and elegant white and silver light fixtures.

On top of the 15-year tax abatement, homeowners in this building can enjoy exclusive amenities such as a super, resident lounge, luxury fitness center, kids play room. Limited assigned parking is also available for sale.

South Brooklyn's neighborhood of Madison is rapidly growing and provides convenient transportation to Manhattan with the B & Q train. Take the B or Q in the opposite direction for fast access to South Brooklyn's beaches. Enjoy the laid back feel of living in a town where others dream to vacation. Madison is known for its many shops along Kings Highway and offers a neighborhood hospital, post office, banks, playgrounds, and more!

Please contact us by phone so we can provide you with our showing agent's cell number for a VIRTUAL TOUR & VIDEO**

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD19-0035.

Last Agent to Sell the Property

Avi Malul

THE LION REAL ESTATE License #10491210238 Listed on: 03/02/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $236

Year Built

  • Built in 2019

Lot Details

  • 0.28

HOA Fees

  • $197 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 494 Sq Ft Home

Additional Features

  • 1 Full Bathroom
  • Washer Dryer Allowed
  • Balcony
  • North Facing Home
  • Central Air

Community Details

  • Sheepshead Bay Subdivision
  • 8-Story Property

Listing and Financial Details

  • Legal Lot and Block 31 / 6802

Property Details

Home Type

Condominium

Est. Annual Taxes

$236

Year Built

Built in 2019

Lot Details

0

HOA Fees

$197 per month

Listing Details

  • Cross Street: Quentin Road/Avenue R
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Sheepshead Bay
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 494.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 197.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 8
  • Year Built: 2019

Tax Info

  • Tax Block: 6802
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Apr 26, 2022
Sold by
2222-2226 Ocean Avenue Development Llc
Bought by
Sagatelov Ernest
Seller's Agent
Avi Malul
THE LION REAL ESTATE
List Price
$387,000
Sold Price
$387,000
Current Estimated Value
$398,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,679
Avg. Annual Appreciation
1.10%
Original Mortgage
$309,600
Outstanding Balance
$292,761
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$108,514
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
Sagatelov Ernest $392,418 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sagatelov Ernest $309,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $387,000 0.0% $783 / Sq Ft
03/03/2022 03/03/22 For Sale $387,000 -- $783 / 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 $236 $52,777 $4,876 $47,901
2024 $236 $50,837 $4,876 $45,961
2023 $231 $50,610 $4,876 $45,734
2022 $231 $53,797 $4,876 $48,921
Source: Public Records

Agents Affiliated with this Home

  • Avi Malul

    Seller's Agent in 2022

    Avi Malul

    THE LION REAL ESTATE

    (347) 298-5466

    31 in this area

    50 Total Sales

    Avi Malul
    Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10768001

Real Estate Board of New York (REBNY)

APN: 06802-1230

New York Kings County Brooklyn 11229 Homecrest

2222 Ocean Ave Unit 5-F, Brooklyn, NY

This home is located at 2222 Ocean Ave Unit 5-F, Brooklyn, NY 11229 since 02 March 2022 and is currently estimated at $398,679, approximately $807 per square foot. This property was built in 2019. 2222 Ocean Ave Unit 5-F is a home located in Kings County with nearby schools including P.S. 197 Kings Highway Academy (The), Jhs 234 Arthur W Cunningham, and James Madison High School.

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.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

Nearby Homes