NOT LISTED FOR SALE

2331 Ocean Ave Unit 2B Brooklyn, NY 11229

Madison Neighborhood

Estimated Value: $302,016 - $482,000

1 Bed
-- Bath
750 Sq Ft
$485/Sq Ft Est. Value

Sale Details

Date Sold: May 5, 2025

Last sale price $293,000 $391 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,340 / mo

Highlights

  • Intercom to Front Desk
  • Wood Flooring
  • Laundry Facilities
  • P.S. 197 Kings Highway Academy (The) Rated A-

About This Home

As of May 2025

Welcome to a beautifully renovated and sunlit one-bedroom co-op in the heart of Sheepshead Bay.

This 750sqft apartment has been fully updated and is move-in ready. The unit features freshly painted walls and gleaming hardwood floors throughout. The kitchen boasts a convenient breakfast bar, along with solid wood cabinetry and granite countertops. The brand-new bathroom, complete with a window, adds a touch of luxury. The king-sized bedroom is a true retreat, offering two deep closets for ample storage. The unit has been updated with a modern electric panel.

The low maintenance of $655 per month, includes heat, hot water, and cooking gas, the only utility you will need to manage is the electric bill. An exceptional bonus is the immediate transfer of the parking spot – a rare find and a major advantage in this neighborhood. Sublets are allowed after 3 years with no flip tax.

The building is exceptionally well maintained, with healthy financials, and has a laundry room in the basement.

Located in Prime Sheepshead, with easy access to trains, buses, shops, and restaurants, this bright and spacious apartment checks all the boxes. Don’t hesitate to schedule a showing today!

Last Agent to Sell the Property

Mark Iliyasay

Alvic Property Mgt Corp Listed on: 12/03/2024

Last Buyer's Agent

Mark Iliyasay

Alvic Property Mgt Corp Listed on: 12/03/2024

Property Details

Home Type

  • Co-Op

Parking

  • 1 Parking Space

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1 Bedroom
  • 750 Sq Ft Home
  • Wood Flooring

Kitchen

  • Stove
  • Microwave

Utilities

  • Gas Available
  • Septic System

Listing and Financial Details

  • 410 Shares in the Co-Op

Community Details

Overview

  • 36 Units
  • Association Phone (917) 757-4652
  • Capri Condos
  • Property managed by Alvic Property Management
  • Board Approval is Required

Amenities

  • Laundry Facilities
  • Intercom to Front Desk

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Co-Op

Listing Details

  • Additional Fee Includes: Parking
  • Bank Finance Y N U: Yes
  • Board Approval Y N U: Yes
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Co Op Shares: 410.00
  • Cross Street: Avenue R
  • Fee Includes Assessment Y N: Yes
  • Flip Tax Fee Type: $
  • Handicap Access Y N U: Unknown
  • Maintenance Common Fee: 655.00
  • Management Email: mark@alvicmgm.com
  • Parking Attributes: 1 Space
  • Property Sub Type: Coop
  • Prop. Type: Residential
  • Residential Features: Microwave, Refrigerator, Stove
  • Fill Sq Ft Total: 750
  • Stock Certificate Y N: Yes
  • Street Name I D X: Ocean
  • Sub Lease Yn: Yes
  • Special Features: None

Interior Features

  • Total Bedrooms: 1
  • Flooring: Hardwood
  • Entry Floor: 2
  • Pets Allowed: No
  • Basement Type: Apartment

Utilities

  • Air Conditioning Units: 0
  • Utilities: Gas, Heat, Septic, Sewer, Water

Condo/Co-op/Association

  • Management Company: Alvic Property Management
  • Manager Phone: 917-757-4652
  • Units In Building: 36

Fee Information

  • Additional Fee: 180.00

Lot Info

  • Building Project Name: Capri

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2024
Closed on
May 8, 2025
Sold by
Bought by
Seller's Agent
Mark Iliyasay
Alvic Property Mgt Corp
Buyer's Agent
Mark Iliyasay
Alvic Property Mgt Corp
List Price
$325,000
Sold Price
$293,000
Premium/Discount to List
-$32,000
-9.85%
Views
17
Current Estimated Value
$363,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,754
Avg. Annual Appreciation
19.57%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$293,000 None Listed On Document
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/05/2025 05/05/25 Sold $293,000 -8.4% $391 / Sq Ft
02/11/2025 02/11/25 Price Changed $320,000 -1.5% $427 / Sq Ft
12/03/2024 12/03/24 For Sale $325,000 -- $433 / Sq Ft
12/03/2024 12/03/24 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 -- --
2025 -- --
2024 -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $109,342 $916,650 $137,250 $779,400
2017 $0 $830,700 $137,250 $693,450
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Mark Iliyasay

    Alvic Property Mgt Corp

    (917) 757-4652

    1 in this area

    1 Total Sale

    Mark Iliyasay
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 487802

Brooklyn Board of REALTORS®

APN: 06826-00622B

New York Kings County Brooklyn 11229 Madison

2331 Ocean Ave Unit 2B, Brooklyn, NY

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.

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