NOT LISTED FOR SALE

Estimated Value: $1,860,000 - $2,306,753

4 Beds
4 Baths
4,305 Sq Ft
$481/Sq Ft Est. Value

Last Sold July 24, 2023

Last sale price $2,100,000 $488 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $12,066/month

48 Days on Market

Highlights

  • 5,972 Sq Ft lot
  • Pre War Building
  • Community Garden
  • Ditmas Junior High school Rated A-
  • Den
  • Entrance Foyer

About This Home

As of July 2023

Historic Two-Family Ditmas Park Charm w/Four-Car Parking

A dazzling two-family house boasting four-car parking and enchanting early-19th century allure, 986 Ocean Avenue offers a serene Ditmas Park lifestyle with multi-generational living or income-generating potential.

Previous owners have spent the last decade upgrading plumbing, electrical, and infrastructure while restoring old world details. Beautiful hardwood floors with intricate border inlays complement custom built-ins, chic wainscoting, and stained-glass accent windows. Exterior features include a charming gambrel roof and blue siding façade, a lush front garden and fenced backyard, a dining patio, a shared driveway with two outdoor parking spots, and a detached two-car garage.

The lower level of the 2-bedroom, 2-bathroom owner's triplex begins a welcoming foyer and a formal living room. The living boasts a wood-burning fireplace with a bold mantel and flows into spacious sun room. On the opposite side of the foyer is a stunning formal dining room with beamed ceilings and access to a sun-splashed sitting room and a gut-renovated windowed kitchen equipped with sleek stone countertops, a white subway tile backsplash, custom cabinets, and high-end stainless steel appliances including a dishwasher.

On the second level are a pair of king-size bedrooms with plenty of natural light, private closets, and shared access to a windowed full bathroom. The lower level has a laundry room with a washer/dryer, home office space, and a windowed fitness studio with an attached full bathroom and kitchenette. The owner's triplex has central A/C.

The 2-bedroom, 2-bathroom rental duplex has a private entrance with a paved walkway. The lower level of the duplex contains bright living and dining rooms, an open kitchen with a pantry and dishwasher, and a windowed full bathroom. A split-wing layout on the upper level ensures each bedroom is quiet and private. Both feature walk-in closets and have access to a windowed full bathroom.

986 Ocean Avenue is nestled in the quiet Ditmas Park Historic District surrounded by beautiful period houses and lush front lawns. The house is a few blocks from all the restaurants, bars, cafes, and shops that line Cortelyou Road and Foster, Flatbush, and Coney Island Avenues. Kings Theatre, Brooklyn College, and Prospect Park are close by, and the 2/5/B/Q subway lines offer a simple commute to northern Brooklyn and Manhattan.

Last Agent to Sell the Property

Abigail Palanca

Serhant License #10401246167 Listed on: 02/27/2023

Serhant

Co-Listed By

Courtney Klein

Compass License #10401234820

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,276

Year Built

  • Built in 1915

Lot Details

  • 5,972 Sq Ft Lot
  • Lot Dimensions are 45.42 x 131.5
  • Garden

Parking

  • Garage

Home Design

  • Pre War Building

Interior Spaces

  • 4,305 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Entrance Foyer
  • Den

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 05205

Community Details

Overview

  • 2 Units
  • Ditmas Park Subdivision

Amenities

  • Community Garden
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,276

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Ditmas Park
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Features: Den, Separate/Formal Dining Room, Entrance Foyer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 4305.0
  • Living Area Units: Square Feet
  • Rooms (Total): 14
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Building Garden, Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Area: 5972.0
  • Lot Size Dimensions: 45.42 x 131.5

Building Info

  • Units: 2
  • Total Stories: 2
  • Year Built: 1915

Tax Info

  • Tax Block: 05205

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Jul 21, 2023
Sold by
Ceffalio Amber Ann and Ceffalio John Paul
Bought by
Hobby Lauren Morghan and Whinery Andrew David
Seller's Agent
Abigail Palanca
Serhant
List Price
$1,999,000
Sold Price
$2,100,000
Premium/Discount to List
$101,000
5.05%
Views
339
Current Estimated Value
$2,072,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,312
Avg. Annual Appreciation
-4.06%
Original Mortgage
$1,680,000
Outstanding Balance
$1,644,192
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$281,593

Purchase Details

Closed on
Jun 20, 2011
Sold by
Austin-Spencer Anita L and Spencer Claude
Bought by
Ceffalio Amber Ann and Ceffalio John Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$872,250
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
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
Hobby Lauren Morghan $2,100,000 --
Ceffalio Amber Ann $895,000 --
Ceffalio Amber Ann $895,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hobby Lauren Morghan $1,680,000
Previous Owner Ceffalio Amber Ann $20,579
Previous Owner Usalliance Federal Credit Union $0
Previous Owner Ceffalio Amber A $8,994
Previous Owner Ceffalio Amber Ann $75,000
Previous Owner Ceffalio Amber Ann $1,994
Previous Owner Ceffalio Amber Ann $872,250
Previous Owner Austin-Spencer Anita L $240,000
Previous Owner Spencer Claude $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2023 07/24/23 Sold $2,100,000 +5.1% $488 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $1,999,000 -- $464 / 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 $9,276 $151,140 $29,280 $121,860
2024 $9,276 $119,400 $29,280 $90,120
2023 $9,379 $137,820 $29,280 $108,540
2022 $9,149 $112,800 $29,280 $83,520
2021 $9,099 $106,800 $29,280 $77,520
2020 $8,634 $107,160 $29,280 $77,880
2019 $8,051 $112,200 $29,280 $82,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10886231

Real Estate Board of New York (REBNY)

APN: 05205-0023