$540,000
SOLD AUG 5, 2024

2503 Ocean Ave Unit 2E Brooklyn, NY 11229

Madison Neighborhood
2 Beds
2 Baths
811 Sq Ft
8,233 Sq Ft Lot

Recently Sold

$666 Per Sq Ft

4% Below List Price

0 Day on Market

Highlights

  • Intercom to Front Desk
  • Handicap Accessible
  • Laundry Facilities
  • Jhs 234 Arthur W Cunningham Rated A-
  • Multiple cooling system units

About This Home

As of August 2024

Discover the pinnacle of contemporary living in our immaculate condominiums, nestled in the vibrant enclave of Sheepshead Bay, ideally situated near Ocean Avenue and Avenue U. Our two-bedroom, two-bathroom residences offer state-of-the-art kitchens with sleek Steelwell appliances and exquisite solid wood flooring throughout. Expand your living space with a spacious recreation room, perfect for entertaining guests. Secure parking is available for purchase at additional cost, providing convenience and peace of mind.

Embrace the ease of a quick five-minute walk to the Q train station, as well as nearby shopping destinations, supermarkets, and more. The condo boasts 738 sqft of interior space plus a 25 sqft balcony. Benefit from a unique 6 years real estate tax reimbursement, reducing current annual property taxes to $4,800.

Seize this unparalleled opportunity—schedule your viewing today!

Last Agent to Sell the Property

Hui Xin Chen

RE/MAX Edge Listed on: 05/02/2024

RE/MAX Edge

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,842

Year Built

  • Built in 2019

Home Design

  • 811 Sq Ft Home
  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Septic System

Additional Features

  • Stove
  • Handicap Accessible
  • Sprinkler System

Listing and Financial Details

  • Tax Block 7325

Community Details

Overview

  • 28 Units
  • Association Phone (347) 662-9370
  • Begonia Garden Llc Condos
  • Property managed by BEGONIA GARDEN CONDOMINIUM

Amenities

  • Laundry Facilities
  • Intercom to Front Desk
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,842

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Total Bathrooms: 2.00
  • Baths Total Level1: 2.00
  • Beds Total Level1: 2
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue T
  • Cross Street Name2: East 21st St
  • Down Payment Required: 20
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Maintenance Common Fee: 400.00
  • Parking Attributes: Other
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Elevator, Laundry Area, Refrigerator, Stove
  • Rooms Total Level1: 4
  • Fill Sq Ft Total: 811
  • Street Name I D X: Ocean
  • Street Number I D X: 2503
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Floor: 2
  • Room Count: 6
  • Total Rooms: 4
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 1705

Utilities

  • Air Conditioning Units: 3
  • Utilities: Septic, Sewer, Sprinkler System, Water

Condo/Co-op/Association

  • Management Company: BEGONIA GARDEN CONDOMINIUM
  • Manager Phone: 347-662-9370
  • Units In Building: 28

Lot Info

  • Building Project Name: BEGONIA GARDEN LLC

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 8842.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Aug 5, 2024
Sold by
Begonia Garden Llc
Bought by
Li Amy H and Li Michelle Hui
Seller's Agent
Hui Xin Chen
RE/MAX Edge
Buyer's Agent
NON MEMBER
List Price
$565,000
Sold Price
$540,000
Premium/Discount to List
-$25,000
-4.42%
Views
97
Current Estimated Value
$562,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,045
Avg. Annual Appreciation
3.70%
Original Mortgage
$405,000
Outstanding Balance
$401,203
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$160,842
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $549,855 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 Purchase Money Mortgage
Previous Owner $3,578,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 For Sale $579,000 +7.2% $714 / Sq Ft
08/05/2024 08/05/24 Sold $540,000 -4.4% $666 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $565,000 -- $697 / Sq Ft
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 $8,721 $73,320 $11,759 $61,561
2024 $8,721 $72,075 $11,759 $60,316
2023 $8,516 $69,421 $11,759 $57,662
2022 $8,064 $65,911 $11,759 $54,152
2021 $7,842 $63,931 $11,759 $52,172
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2025

    Hui Xin Chen

    RE/MAX

    (917) 669-5808

    9 in this area

    58 Total Sales

    Hui Xin Chen
    Section Image

  • N

    Buyer's Agent in 2024

    NON MEMBER

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 481778

Brooklyn Board of REALTORS®

APN: 07325-1706

New York Kings County Brooklyn 11229 Madison

2503 Ocean Ave Unit 2E, Brooklyn, NY

This home is located at 2503 Ocean Ave Unit 2E, Brooklyn, NY 11229 and is currently priced at $540,000, approximately $665 per square foot. This property was built in 2019. 2503 Ocean Ave Unit 2E is a home located in Kings County with nearby schools including P.S. 255 Barbara Reing School, Jhs 234 Arthur W Cunningham, and St. Edmund Elementary 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.

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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