NOT LISTED FOR SALE

733 Ocean Pkwy Unit 8 B Brooklyn, NY 11230

Kensington Neighborhood

Estimated Value: $570,000 - $642,390

1 Bed
1 Bath
618 Sq Ft
$302/mo HOA Fee

Last Sold January 29, 2024

Last sale price $57,000,000 $92,233 Per Sq Ft

Current estimated payment $4,238/month

66 Days on Market

Highlights

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

About This Home

As of January 2024

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 8B, a large charming one-bedroom, one-bathroom apartment with a West-facing exposure that floods the space with natural light. The separated linear kitchen provides a functional and efficient cooking area, while the unique layout adds character and personality to the home. The large terrace is unique to this unit, allowing you to take in the fresh air and beautiful scenery.

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.

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: 04/14/2023

Corcoran Group

Co-Listed By

Armend Duka

Corcoran Group License #10401337971

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $204

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 6,098

HOA Fees

  • $302 Monthly HOA Fees

Home Design

  • 618 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer Hookup

Additional Features

  • Deck
  • 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

$204

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$302 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kensington
  • Entry Level: 8
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: 4098
  • Property Sub Type: Condos
  • Stories: 9

Interior Features

  • Fireplace: No
  • Living Area: 618.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 302.0
  • 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: 204.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jan 29, 2024
Sold by
733 Development Llc
Bought by
Hanson Heather Grace
Seller's Agent
Salomon Danielov
Corcoran Group
List Price
$570,000
Sold Price
$57,000,000
Premium/Discount to List
$56,430,000
9900%
Views
35
Current Estimated Value
$610,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,389,652
Avg. Annual Appreciation
-95.08%
Original Mortgage
$464,000
Outstanding Balance
$456,704
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$63,296
Source: Public Records

Range of Values:

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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
Hanson Heather Grace $590,585 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanson Heather Grace $464,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2024 01/29/24 Sold $57,000,000 +9900.0% $92,233 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $570,000 0.0% $922 / Sq Ft
05/23/2023 05/23/23 Off Market $570,000 -- --
05/22/2023 05/22/23 Price Changed $570,000 +3.6% $922 / Sq Ft
04/14/2023 04/14/23 For Sale $550,000 -- $890 / 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 -- $61,973 $7,790 $54,183
2024 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10932154

Real Estate Board of New York (REBNY)

APN: 05428-1126