NOT LISTED FOR SALE

2533 Ocean Ave Unit 3A Brooklyn, NY 11229

Madison Neighborhood

Estimated Value: $442,000 - $578,000

1 Bed
1 Bath
575 Sq Ft
2017 Built

Last Sold August 24, 2024

Last sale price $440,000 $765 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,668/month

Highlights

  • Elevator
  • 5-minute walk to Avenue U (Q Line)
  • Handicap Accessible
  • Jhs 234 Arthur W Cunningham Rated A-

About This Home

As of August 2024

Welcome to this recently constructed luxury condominium located in Brooklyn's Sheepshead Bay. Currently, this building has a 15-year property tax abatement, with 8 years left. There is an elevator in the building, as well as 24-hour security monitoring. The apartment consists of one bedroom and 1 bathroom. A modern kitchen with granite countertops and a built- in washer machine. Beautiful hardwood floors for all the rooms. .. A short distance from Avenue U Chinatown and the Q train. Don't miss it!

Last Agent to Sell the Property

Hui Xin Chen

RE/MAX Edge Listed on: 05/23/2024

RE/MAX Edge

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $250

Year Built

  • Built in 2017

Home Design

  • 575 Sq Ft Home
  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Microwave
  • Washer
  • Handicap Accessible
  • Septic System

Listing and Financial Details

  • Tax Block 7325

Community Details

Overview

  • 23 Units
  • Association Phone (347) 662-9370
  • Ocean Palace Condominium Condos
  • Property managed by Ocean Palace Condomium

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$250

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ave U
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Maintenance Common Fee: 284.00
  • Parking Attributes: None
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Alarm, Elevator, Microwave, Refrigerator, Washer
  • Fill Sq Ft Total: 575
  • Street Name I D X: Ocean
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Floor: 3
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 7507

Utilities

  • Air Conditioning Units: 0
  • Utilities: Septic, Sewer

Condo/Co-op/Association

  • Management Company: Ocean Palace Condomium
  • Manager Phone: 347-662-9370
  • Units In Building: 23

Lot Info

  • Building Project Name: Ocean Palace Condominium

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Aug 22, 2024
Sold by
Huang Ying Xin and Tsang Kenny
Bought by
Wong Siu Ying and Wong Yuet Ying
Seller's Agent
Hui Xin Chen
RE/MAX Edge
Buyer's Agent
NON MEMBER
List Price
$458,000
Sold Price
$440,000
Premium/Discount to List
-$18,000
-3.93%
Views
35
Current Estimated Value
$498,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,858
Avg. Annual Appreciation
7.88%

Purchase Details

Closed on
Mar 19, 2018
Sold by
Ocean Garden House Llc
Bought by
Li Shao Qing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.38%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Wong Siu Ying $442,000 --
Wong Siu Ying $442,000 --
Li Shao Qing $329,550 --
Li Shao Qing $329,550 --
Li Shao Qing $329,550 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Li Shao Qing $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2024 08/24/24 Sold $440,000 -3.9% $765 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $458,000 +6.6% $797 / Sq Ft
04/20/2022 04/20/22 Off Market $429,500 -- --
05/14/2021 05/14/21 Sold $429,500 0.0% $747 / Sq Ft View Prior Sale
10/21/2020 10/21/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $429,500 -- $747 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 $237 $67,095 $10,863 $56,232
2024 $237 $64,619 $10,863 $53,756
2023 $232 $64,740 $10,863 $53,877
2022 $232 $59,341 $10,864 $48,477
2021 $232 $48,898 $10,864 $38,034
2020 $236 $53,929 $10,864 $43,065
2019 $239 $53,929 $10,864 $43,065
2018 $7,142 $60,909 $10,864 $50,045
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Hui Xin Chen

    RE/MAX

    (917) 669-5808

    10 in this area

    63 Total Sales

    Hui Xin Chen
    Section Image

  • N

    Buyer's Agent in 2024

    NON MEMBER

  • Wendy Lee

    Seller's Agent in 2021

    Wendy Lee

    Douglas Elliman Real Estate

    (917) 756-7120

    1 in this area

    15 Total Sales

    Wendy Lee
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 482311

Brooklyn Board of REALTORS®

APN: 07325-1508

New York Kings County Brooklyn 11229 Madison

2533 Ocean Ave Unit 3A, Brooklyn, NY

Not Listed for Sale

Condos

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