NOT LISTED FOR SALE

733 Ocean Pkwy Unit 5 C Brooklyn, NY 11230

Kensington Neighborhood

Estimated Value: $782,000 - $949,000

2 Beds
2 Baths
937 Sq Ft
$447/mo HOA Fee

Last Sold April 19, 2024

Last sale price $819,000 $874 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,859/month

168 Days on Market

Highlights

  • New Construction
  • Rooftop Deck
  • Central Air
  • P.S. 134 Rated A
  • Balcony
  • High-Rise Condominium

About This Home

As of April 2024

IMMEDIATE CLOSINGS! WEEKDAY SHOWINGS ARE AVAILABLE BY APPOINTMENT.

This building is approved for a 1st-time homebuyers program. First time buyers may qualify for a loan with a 5.875% fixed interest rate for 30 years. Please note that the interest rate is subject to change. Don't miss out on this limited-time offer.

Welcome to Arbor condominium, a striking new development that is home to the newest luxurious residences. Experience the pinnacle of contemporary living at this exquisite condominium, which offers a unique advantage as the last tax abated building in south Brooklyn. Located in Kensington, a location that offers easy access to all the entertainment offerings of the city, this property is the perfect fusion of comfort and convenience.

Welcome to Residence 5C, a stunning two-bedroom, two-bath apartment that bathes in an abundance of natural light from its East-facing windows. The open living/dining room, complete with an L-shaped kitchen, provides the perfect space for entertaining. Privacy is ensured with both bedrooms located at opposite ends of the apartment. The primary bedroom comes with its own en-suite bath for added convenience. Enjoy the spacious and inviting layout, which is flooded with abundant afternoon light.

Interior features include floor to ceiling windows, Ferrero Lengo Italian pre- finished doors with magnetic locks, LED Light Fixtures, Individual room thermostats for Daiken Split System units and Vallelunga Italian Porcelain floors with radiant heat throughout to ensure a warm and cozy ambiance during the colder months. To add further convenience, every unit is equipped with a washer/dryer. With every detail meticulously crafted to perfection, this real estate masterpiece is a true testament to refined elegance.

The vented kitchen boasts a paneled and stainless-steel Samsung and Beko appliance package. The 0-Radius sink creates a functional addition, while the Calacatta quartz countertops and matching backsplash, along with soft close Copatlife custom Italian cabinetry, create a stunning focal point. The adjustable under-cabinet lighting adds an extra layer of ambiance to the space, making it perfect for hosting guests or enjoying a relaxing meal.

The bathrooms are a perfect blend of functionality and luxury, offering everything you need for your daily routine and relaxation. Featuring medicine cabinets with LED lit mirrors, demister, under-cabinet accent light and built-in clock, as well as a rain shower with stainless-steel handheld showerheads, this bathroom has all the convenient amenities you'll need. Additionally, the 32-inch-wide soaking bathtubs with arm rests, fully accessorized bathrooms, wall-hung vanity with storage, and frameless glass shower door in the ensuite bathroom add to the functionality of the space.

Take in stunning views of Brooklyn's and Manhattan's skyline from the rooftop, which features a fully amenitized lounge and picnic areas, as well as a BBQ grill and kitchenette. Private cabanas are also available for purchase. Stay active with our fully equipped modern gym. The Arbor lounge with co-working area offers a comfortable space to get work done or relax. It features custom design and connects seamlessly with the tree-lined Ocean Parkway Malls. With Optional parking available for purchase, our amenities are designed to make your life easier, more comfortable. Optional Sabbath elevator.

This exceptional property presents a wonderful opportunity for end users, gifting, parents buying for children, 1031 exchange, is investor friendly, subletting allowed, and is pet friendly.

733 Ocean Parkway offers an exceptional living experience that blends high-quality finishes, modern amenities, and a 421A tax abatement. Come experience the best that Brooklyn living has to offer at Arbor condominium located at 733 Ocean Parkway.

All measurements are approximate. Images are renders that were virtually staged. Pictures Represent Various Layouts. The complete offering terms are in an offering plan available from the File No: CD21-0132.

Last Agent to Sell the Property

Salomon Danielov

Corcoran Group License #10401221164 Listed on: 09/18/2023

Corcoran Group

Co-Listed By

Margarita Danielova

Corcoran Group License #10401314548

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $300

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 6,098

HOA Fees

  • $447 Monthly HOA Fees

Home Design

  • 937 Sq Ft Home
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Tax Block 05428

Community Details

Overview

  • 30 Units
  • High-Rise Condominium
  • Arbor Condos
  • Kensington Subdivision
  • 9-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$300

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$447 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kensington
  • Entry Level: 5
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 9

Interior Features

  • Fireplace: No
  • Living Area: 937.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: No
  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: None, Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Elevator(s), Green Building
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 447.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: ARBOR
  • Units: 30
  • Total Stories: 9
  • Year Built: 2023

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 05428
  • Tax Lot: 0000
  • Tax Annual: 300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2023
Closed on
Apr 19, 2024
Sold by
733 Development Llc
Bought by
Balazs Carley and Balazs Tamarah
Seller's Agent
Salomon Danielov
Corcoran Group
List Price
$829,000
Sold Price
$819,000
Premium/Discount to List
-$10,000
-1.21%
Views
43
Current Estimated Value
$855,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,790
Avg. Annual Appreciation
3.06%
Original Mortgage
$824,600
Outstanding Balance
$811,948
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$43,842
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Balazs Carley $868,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balazs Carley $824,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2024 04/19/24 Sold $819,000 -1.2% $874 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
09/18/2023 09/18/23 For Sale $829,000 -- $885 / 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 -- $91,720 $11,529 $80,191
2024 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10950204

Real Estate Board of New York (REBNY)

APN: 05428-1115