$440,000
SOLD AUG 24, 2024

2533 Ocean Ave Unit 3A Brooklyn, NY 11229

Madison Neighborhood
1 Bed
1 Bath
575 Sq Ft
2017 Built

Recently Sold

$765 Per Sq Ft

4% Below List Price

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

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
  • Beds Total Level1: 1
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ave U
  • Down Payment Required: 20
  • 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
  • Rooms Total Level1: 3
  • Fill Sq Ft Total: 575
  • Street Name I D X: Ocean
  • Street Number I D X: 2533
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Floor: 3
  • Room Count: 4
  • Total Rooms: 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
$443,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,430
Avg. Annual Appreciation
0.75%

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

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Range of Values:

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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 $442,000 --
Deed $329,550 --
Deed $329,550 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $210,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 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 $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

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 482311

Brooklyn Board of REALTORS®

APN: 07325-1508