NOT LISTED FOR SALE

702 Ocean Pkwy Unit 8B Brooklyn, NY 11230

Kensington Neighborhood

Estimated Value: $583,000 - $781,713

2 Beds
2 Baths
981 Sq Ft
$706/mo HOA Fee

Last Sold July 26, 2024

Last sale price $645,000 $657 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,111/month

29 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • No Heating
  • P.S. 134 Rated A

About This Home

As of July 2024

FIRST YEAR OF COMMON CHARGES COVERED BY THE OWNER

Two bedroom/two bathroom top floor apartment with private balcony offering views of Brooklyn, plus a coded elevator opening directly into the unit.

This home features a large living space with an open-plan kitchen equipped with stainless steel appliances and granite countertops. The primary bedroom opens onto a private balcony that's a lovely spot to read a book or enjoy a cup of coffee al fresco. It features two built-in closets and en-suite marble bathroom with a glass-enclosed shower.

The second bedroom—presently configured as an office—is across the hallway from the guest bathroom. There are hardwood floors throughout; a Bosch ventless washer/dryer; individual PTAC units in each room; in-unit waste disposal; and a private storage closet in the basement.

Parkville Promenade Condominiums is a pet-friendly, eight story building featuring a roof deck with views of Brooklyn and the Verrazano Bridge. You are close to F, Q, and B train lines, making for a 30-minute commute into downtown Manhattan. The neighborhood has an array of restaurants, cafes, bars and shopping on Cortelyou Road, 18th Avenue, and Newkirk Plaza. 8B is smoke- and pet-free.

What the seller loves about this home:

All windows face east and enjoy unobstructed morning sunrises. Ocean Parkway is lined with trees and park benches where families and friends sit and stroll throughout the day. The neighborhood is safe. Police Precinct 70 is half way down the block. ShopRite, a Russian supermarket, CTown and NYC Fitness Club are 10 minutes away. Cortelyou Greenmarket (Cortelyou at Argyle), is open Sundays year-round. Right next door is the Flatbush Food Co-op for local, organic produce.

There is a $160 monthly assessment .

Last Agent to Sell the Property

Marie-Claire Martineau

Compass License #10301205148 Listed on: 05/06/2024

Compass

Co-Listed By

Phyllis Crosby

Compass License #10401301068

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,340

Year Built

  • Built in 2004

HOA Fees

  • $706 Monthly HOA Fees

Interior Spaces

  • 981 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • No Cooling
  • No Heating

Community Details

  • 25 Units
  • Kensington Subdivision
  • 8-Story Property

Listing and Financial Details

  • Legal Lot and Block 1015 / 05423

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,340

Year Built

Built in 2004

Lot Details

0

HOA Fees

$706 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kensington
  • Entry Level: 8
  • Structure Type: Mixed Use
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Dryer, Washer
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 981.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 706.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 64.790000x87.950000

Building Info

  • New Construction: No
  • Units: 25
  • Total Stories: 8
  • Year Built: 2004

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 05423
  • Tax Lot: 1015
  • Tax Annual: 8340.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Jul 26, 2024
Sold by
Ramsay Bruce
Bought by
Husain Jabir and Husain Murtaza
Seller's Agent
Marie-Claire Martineau
Compass
List Price
$660,000
Sold Price
$645,000
Premium/Discount to List
-$15,000
-2.27%
Views
29
Current Estimated Value
$673,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,678
Avg. Annual Appreciation
4.15%

Purchase Details

Listed on
Apr 26, 2013
Closed on
Jul 25, 2013
Sold by
Abraham Thomas
Bought by
Ramsay Bruce
List Price
$469,000

Purchase Details

Closed on
Jan 9, 2008
Sold by
702 Ocean Realty Llc
Bought by
Abraham Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,200
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Husain Jabir $645,000 --
Ramsay Bruce $460,000 --
Ramsay Bruce $460,000 --
Abraham Thomas $408,000 --
Abraham Thomas $408,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abraham Thomas $367,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $645,000 -2.3% $657 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $660,000 +40.7% $673 / Sq Ft
07/27/2013 07/27/13 Sold -- -- --
06/27/2013 06/27/13 Pending -- -- --
04/26/2013 04/26/13 For Sale $469,000 -- $478 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $8,803 $80,175 $9,151 $71,024
2024 $8,803 $77,220 $9,151 $68,069
2023 $8,441 $74,352 $9,151 $65,201
2022 $7,880 $73,115 $9,151 $63,964
2021 $6,129 $65,916 $9,151 $56,765
2020 $2,231 $68,840 $9,151 $59,689
2019 $3,132 $66,909 $9,151 $57,758
2018 $1,624 $62,992 $9,150 $53,842
2017 $143 $63,599 $9,150 $54,449
2016 $145 $64,008 $9,150 $54,858
2015 $113 $59,738 $4,878 $54,860
2014 $113 $56,237 $4,879 $51,358
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10964695

Real Estate Board of New York (REBNY)

APN: 05423-1015