NOT LISTED FOR SALE

2523 Ocean Ave Unit 2A Brooklyn, NY 11229

Madison Neighborhood

Estimated Value: $671,000 - $724,000

2 Beds
2 Baths
1,181 Sq Ft
2008 Built

Last Sold December 14, 2020

Last sale price $580,000 $491 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,359/month

Highlights

  • Wood Flooring
  • Elevator
  • Multiple cooling system units
  • Jhs 234 Arthur W Cunningham Rated A-
  • Handicap Accessible

About This Home

As of December 2020

Prime sheepshead bay Ocean Avenue 2 bedroom 2 bathroom condo located in a young elevator condo building. Condo is in good condition with open kitchen, living room, dining area, two bedrooms, and lots of closets. Sunny bright with windows throughout. Washer dryer hook up. Lots of closets with walk in closet in master bedroom. Well maintained building with low maintenance. Private parking space for one car. Close to Avenue U shopping, schools, restaurants, transportation, and Q train.

Last Agent to Sell the Property

Peter Pan

RE/MAX Edge License #10401215383 Listed on: 06/19/2020

Co-Listed By

May Lan

RE/MAX Edge License #10401301168

RE/MAX Edge

Last Buyer's Agent

May Lan

RE/MAX Edge License #10401301168

RE/MAX Edge

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,920

Year Built

  • Built in 2008

Parking

  • 1 Parking Space

Home Design

  • 1,181 Sq Ft Home
  • Entry on the 2nd floor

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Stove
  • Handicap Accessible
  • Multiple cooling system units

Listing and Financial Details

  • Tax Block 7325
  • Property eligible for a tax abatement

Community Details

Overview

  • 15 Units
  • Association Phone (718) 965-1500
  • Condominium Condos
  • Property managed by DSJ Corporation

Amenities

  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,920

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Total Bathrooms: 2.00
  • Baths Total Level1: 2.00
  • Beds Total Level1: 2
  • Borough: Brooklyn
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue T
  • Cross Street Name2: Avenue U
  • Down Payment Required: 20
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Maintenance Common Fee: 396.00
  • Negotiate Thru: Broker
  • Parking Attributes: 1 Space
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit, Dryer, Elevator, Refrigerator, Stove, Washer
  • Rooms Total Level1: 5
  • Fill Sq Ft Total: 1181
  • Street Name I D X: Ocean
  • Street Number I D X: 2523
  • Waterfront Present: No
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood, Tile
  • Entry Floor: 2
  • Pets Allowed: Yes
  • Room Count: 7
  • Total Rooms: 5
  • Basement Type: Apartment

Exterior Features

  • Exterior Building Type: Detached
  • Lot Number: 1302

Utilities

  • Air Conditioning Units: 3
  • Utilities: Water

Condo/Co-op/Association

  • Management Company: DSJ Corporation
  • Manager Phone: 718-965-1500
  • Pets Allowed: See Agent
  • Units In Building: 15

Lot Info

  • Building Project Name: Condominium

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 2920.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Dec 14, 2020
Sold by
Liang Li Ping and Lu Canqiang
Bought by
Jiang Yong Hui and Lin Yu Sui
Seller's Agent
Peter Pan
RE/MAX Edge
Buyer's Agent
May Lan
RE/MAX Edge
Sold Price
$580,000
Current Estimated Value
$693,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,173
Avg. Annual Appreciation
3.74%
Original Mortgage
$464,000
Outstanding Balance
$413,098
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$280,075

Purchase Details

Closed on
Oct 16, 2017
Sold by
2523-2527 Ocean Avenue Associates Llc
Bought by
Liang Li Ping and Liang Liping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2017
Sold by
Chase Alexander
Bought by
2523 Ocean Avenue Associates Llc

Purchase Details

Closed on
Nov 28, 2016
Sold by
2523-2527 Ocean Avenue Associates Llc
Bought by
Chase Alexander
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 Buyer Sale Price Title Company
Jiang Yong Hui $580,000 --
Liang Li Ping $535,000 --
2523 Ocean Avenue Associates Llc -- --
Chase Alexander -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jiang Yong Hui $464,000
Previous Owner Liang Li Ping $321,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2020 12/14/20 Sold $580,000 -- $491 / Sq Ft
06/19/2020 06/19/20 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 $8,326 $79,900 $7,202 $72,698
2024 $8,326 $76,421 $7,202 $69,219
2023 $7,665 $73,780 $7,202 $66,578
2022 $5,832 $69,311 $7,202 $62,109
2021 $4,019 $53,063 $7,202 $45,861
2020 $1,412 $60,426 $7,202 $53,224
2019 $1,557 $55,859 $7,202 $48,657
2017 $295 $53,716 $7,202 $46,514
2016 $299 $48,870 $7,203 $41,667
2015 $234 $47,502 $7,202 $40,300
2014 $234 $36,349 $7,202 $29,147
Source: Public Records

Agents Affiliated with this Home

  • Peter Pan

    Seller's Agent in 2020

    Peter Pan

    RE/MAX Edge

    (347) 575-1849

    3 in this area

    114 Total Sales

    Peter Pan
    Section Image
  • May Lan

    Seller Co-Listing Agent in 2020

    May Lan

    RE/MAX Edge

    (718) 450-4415

    3 in this area

    96 Total Sales

    May Lan
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 438536

Brooklyn Board of REALTORS®

APN: 07325-1302

New York Kings County Brooklyn 11229 Madison

2523 Ocean Ave Unit 2A, Brooklyn, NY

This home is located at 2523 Ocean Ave Unit 2A, Brooklyn, NY 11229 since 19 June 2020 and is currently estimated at $693,173, approximately $586 per square foot. This property was built in 2008. 2523 Ocean Ave Unit 2A is a home located in Kings County with nearby schools including P.S. 255 Barbara Reing School, Jhs 234 Arthur W Cunningham, and Success Academy Charter School - Bensonhurst.

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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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