725 Ocean Pkwy Brooklyn, NY 11230
Kensington Neighborhood
4
Beds
3
Baths
1,692
Sq Ft
2,733
Sq Ft Lot
Highlights
- Corner Lot
- Detached Garage
- Heating System Uses Steam
- P.S. 134 Rated A
About This Home
As of February 2025Exclusive development opportunity awaits on one of the most desirable stretches of Ocean Parkway. Currently, a 2 family, being used as 1 family. Excellent R7A zoning allows for 11,280 buildable Sq. Ft, with 120 feet of frontage on Ocean Parkway and Parkville Ave. Just a few blocks from the F, and Q subway lines, makes the location easily accessible for commuters. Right next to Supermarkets, banks, restaurants, and houses of worship. The area's growing housing demand make this an ideal location for your next development project.
Last Agent to Sell the Property
EXP Realty Brokerage Phone: 888-276-0630 License #10301220261 Listed on: 11/22/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,928
Year Built
- Built in 1925
Lot Details
- 2,733 Sq Ft Lot
- Lot Dimensions are 31x88.17
- 1 Common Wall
- Corner Lot
Parking
- Detached Garage
Home Design
- Duplex
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Schools
- JHS 62 Ditmas Middle School
- Brooklyn High School Of The Arts
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Steam
- Heating System Uses Natural Gas
Listing and Financial Details
- Legal Lot and Block 10 / 5428
- Assessor Parcel Number 05428-0010
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 22, 2023
Closed on
Feb 21, 2025
Sold by
Gloria Rivera and James R Santangelo Administrator The
Bought by
Shahzad Asif and Shahzad Yasmeen
Seller's Agent
Rene Attias
EXP Realty
Buyer's Agent
Ernst Achildiyev
EXP Realty
List Price
$3,000,000
Sold Price
$1,600,000
Premium/Discount to List
-$1,400,000
-46.67%
Total Days on Market
364
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,626
Avg. Annual Appreciation
6.89%
Original Mortgage
$1,149,825
Outstanding Balance
$1,145,984
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$501,642
Purchase Details
Closed on
Dec 11, 2015
Sold by
Rivera Gloria
Bought by
Rivera Gloria
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,600,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,149,825 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2025 02/21/25 | Sold | $1,600,000 | -46.7% | $946 / Sq Ft |
| 11/20/2024 11/20/24 | Pending | -- | -- | -- |
| 11/22/2023 11/22/23 | For Sale | $3,000,000 | -- | $1,773 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
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 | $8,310 | $56,580 | $29,820 | $26,760 |
| 2024 | $8,310 | $66,540 | $29,820 | $36,720 |
| 2023 | $7,928 | $58,560 | $29,820 | $28,740 |
| 2022 | $7,352 | $56,100 | $29,820 | $26,280 |
| 2021 | $7,750 | $60,900 | $29,820 | $31,080 |
| 2020 | $5,813 | $63,060 | $29,820 | $33,240 |
| 2019 | $7,212 | $63,060 | $29,820 | $33,240 |
| 2018 | $6,631 | $32,529 | $13,176 | $19,353 |
| 2017 | $6,256 | $30,688 | $16,004 | $14,684 |
| 2016 | $6,135 | $30,688 | $21,603 | $9,085 |
| 2015 | $3,492 | $30,455 | $24,108 | $6,347 |
| 2014 | $3,492 | $28,732 | $23,554 | $5,178 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2025
Rene Attias
EXP Realty
-
E
Seller Co-Listing Agent in 2025
Ernst Achildiyev
EXP Realty
Map
Source: OneKey® MLS
MLS Number: L3517894
APN: 05428-0010
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.
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