$1,500,000
SOLD MAR 31, 2025
6 Beds
3 Baths
3,321 Sq Ft
3,081 Sq Ft Lot

Recently Sold

$452 Per Sq Ft

20 Days on Market

Highlights

  • Den
  • Living Room
  • Dining Room
  • Jhs 234 Arthur W Cunningham Rated A-
  • Entrance Foyer
  • Family Room

About This Home

As of March 2025

LEGAL TWO-FAMILY HOME & PRIME DEVELOPMENT SITE ON OCEAN AVENUE. Well-kept detached legal two-family home situated on a 24.5 ft x 125.75 ft lot with a 19.75 ft x 62 ft building, offering both incredible living potential and significant development opportunities on prime Ocean Avenue in Brooklyn. This versatile property can serve as a comfortable two-family home or as a development site for investors and developers. Upon entering the home, you are greeted by two separate entrances leading to the two units. The owner's duplex, located on the first floor, features a spacious open-concept living and dining area, large enough to accommodate oversized furniture, including sectional sofas and full dining room sets, making it perfect for entertaining. This floor also includes a kitchen, a full bathroom, and three well-sized bedrooms, one of which is currently being used as a sunroom. The duplex also offers access to an expansive basement via interior stairs, providing ample space for recreational activities, a home gym, additional storage, or creative workspace. The basement also houses the property's utilities and includes a second bathroom for added convenience. The second unit, located on the upper floor, mirrors the spacious layout of the first, offering an open-concept living and dining area, a kitchen, three well-sized bedrooms, and a full bathroom. The property also boasts a large backyard, perfect for outdoor gatherings, gardening, or relaxation, as well as private driveway that can easily accommodate 4-5 vehicles, a rare find in this area. Beyond its residential appeal, this property stands out as a prime development opportunity thanks to its R7A zoning. The lot measures approximately 3,081 square feet, with a Residential FAR of 4, Facility FAR of 4, and an As Built FAR of 0.76, leaving an impressive 9,982 square feet of unused FAR and a maximum usable floor area of 12,324 square feet. This creates the potential to transform the property into a condominium or rental building, as Ocean Avenue is already bustling with new developments. Whether you are seeking a spacious and functional residence or exploring the potential for a transformative development project, this property offers unparalleled possibilities. Act quickly to secure this rare opportunity before it's gone! Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.

Last Agent to Sell the Property

Michael Rastegar

Re/Max Elite Listed on: 01/04/2025

Re/Max Elite

Co-Listed By

Peter Destefano

Re/Max Elite

Last Buyer's Agent

Non-Member Agent

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,828

Year Built

  • Built in 1930

Lot Details

  • 3,081 Sq Ft Lot

Interior Spaces

  • 3,321 Sq Ft Home
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Den

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,828

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Lot Size Acres: 0.07
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Brooklyn
  • PropertyTownship: Kings
  • Prop. Type: Multi-Unit (2-4)
  • Dining Room: Yes
  • Family Room: Yes
  • Formal Room: Yes
  • Foyer: Yes
  • Primary Bedroom: Yes
  • SForSaleAndRForRental: S
  • USStateAbbreviation: NY
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplaces: 0
  • Rec Room Den: Yes
  • Living Room: Yes
  • AboveArea Sq Ft: 3321

Garage/Parking

  • Numberof Garage Spaces: 0

Condo/Co-op/Association

  • Units in Building: 0

Schools

  • School District: 000000

Lot Info

  • Lot Size Sq Ft: 3081
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 6
  • Total Taxes: 3828

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2025
Closed on
Mar 31, 2025
Sold by
Adele Strelnick As Trustee and Afflitto Family Premises Trust
Bought by
2504 Ocean Avenue Llc
Seller's Agent
Michael Rastegar
Re/Max Elite
Buyer's Agent
Non-Member Agent
Non-Member Office
List Price
$1,499,888
Sold Price
$1,500,000
Premium/Discount to List
$112
0.007%
Views
11
Current Estimated Value
$1,556,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,799
Avg. Annual Appreciation
5.15%
Original Mortgage
$900,000
Outstanding Balance
$894,494
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$662,305

Purchase Details

Closed on
Aug 8, 1994
Sold by
Misiti Rudolph Frank
Bought by
Misiti Madeline and Afflitto Carmela Millie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Deed $1,500,000 --
Deed $1,500,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 Purchase Money Mortgage
Closed $900,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2025 03/31/25 Sold $1,500,000 0.0% $452 / Sq Ft
01/24/2025 01/24/25 Pending -- -- --
01/04/2025 01/04/25 For Sale $1,499,888 -- $452 / Sq Ft
Source: NY State MLS

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 $8,396 $85,620 $21,360 $64,260
2024 $8,396 $87,960 $21,360 $66,600
2023 $3,953 $77,220 $21,360 $55,860
2022 $3,591 $84,060 $21,360 $62,700
2021 $3,801 $66,300 $21,360 $44,940
2020 $3,801 $60,300 $21,360 $38,940
2019 $3,232 $60,300 $21,360 $38,940
2018 $7,382 $41,847 $13,349 $28,498
2017 $7,010 $39,480 $14,504 $24,976
2016 $3,163 $39,324 $14,329 $24,995
2015 $1,722 $37,099 $14,000 $23,099
2014 $1,722 $35,001 $12,994 $22,007
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NY State MLS

MLS Number: 11402993

NY State MLS

APN: 07324-0026