NOT LISTED FOR SALE

Estimated Value: $610,100 - $802,000

1 Bed
1 Bath
824 Sq Ft
$338/mo HOA Fee

Last Sold December 09, 2021

Last sale price $700,000 $850 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $3,413/month

643 Days on Market

Highlights

  • New Construction
  • Balcony
  • Garage
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Central Air

About This Home

As of December 2021

Pending A 421A 15-year tax abatement End 2035

Welcome to 2222 Ocean Ave! This cozy Convertible 2 Bed/ 1 BATH condo features high quality Italian porcelain tiled floors, with hard wood floors in the bedrooms. Elegant white and silver light fixtures through the apartment add a touch of class.

You are greeted with the open Kitchen/dining/living room layout as soon as you walk in creating a sense of grandness and making you instantly relax. The east and south exposures give plenty of light to this unit. Large east facing sliding glass doors lead you to your private terrace. A closeted area in your living space is equipped with washer and dryer hook ups. Second room can be a home office, kids room, guest room

The kitchen features an elegant geometric mosaic design back splash, a breakfast bar, and stainless steel appliances. The modernly designed Jack and Jill bathroom is conveniently located right at the center of this unit featuring a marbled Italian porcelain design, a tub, and storage space behind the mirror and under the sink.

The master bedroom features a large eastern exposure giving the opportunity for morning sunshine. Feel completely settled in your new master bedroom with your generously sized walk in closet. The second bedroom features a south facing windows and cozy closet space. Extra storage space can be found in the unit's third closet near the front door.

On top of the 15-year tax abatement, homeowners in this building can enjoy exclusive amenities such as a super, resident lounge, luxury fitness center & kids play room. Limited assigned parking is also available for sale.

South Brooklyn's neighborhood of Madison is rapidly growing and provides convenient transportation to Manhattan with the B & Q train. Take the B or Q in the opposite direction for fast access to South Brooklyn's beaches. Enjoy the laid back feel of living in a town where others dream to vacation. Madison is known for its many shops along Kings Highway and offers a neighborhood hospital, post office, banks, playgrounds, and more!

Please contact us by phone so we can provide you with our showing agent's cell number for a VIRTUAL TOUR & VIDEO**

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD19-0035.

Last Agent to Sell the Property

Avi Malul

THE LION REAL ESTATE License #10491210238 Listed on: 01/07/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $433

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.28

HOA Fees

  • $338 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 824 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Washer Dryer Allowed
  • Balcony
  • Central Air

Community Details

  • Sheepshead Bay Subdivision
  • 8-Story Property

Listing and Financial Details

  • Legal Lot and Block 31 / 6802

Property Details

Home Type

Condominium

Est. Annual Taxes

$433

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$338 per month

Listing Details

  • Cross Street: Quentin Road/Avenue R
  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Sheepshead Bay
  • Entry Level: 7
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 824.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 337.5
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: Yes
  • Total Stories: 8
  • Year Built: 2019

Tax Info

  • Tax Block: 6802
  • Tax Lot: 31
  • Tax Annual: 12.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2021
Closed on
Dec 8, 2021
Sold by
2222-2226 Ocean Avenue Development Llc
Bought by
Ng Debbie
Seller's Agent
Avi Malul
THE LION REAL ESTATE
Sold Price
$700,000
Current Estimated Value
$555,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$144,887
Avg. Annual Appreciation
-6.16%
Original Mortgage
$560,000
Outstanding Balance
$518,086
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$35,934
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
Ng Debbie $709,975 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ng Debbie $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2021 12/09/21 Sold $700,000 0.0% $850 / Sq Ft
01/07/2021 01/07/21 For Sale -- -- --
06/03/2020 06/03/20 Off Market $700,000 -- --
03/05/2020 03/05/20 For Sale $700,000 -- $850 / 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 $433 $96,918 $8,954 $87,964
2024 $433 $93,355 $8,954 $84,401
2023 $425 $92,938 $8,954 $83,984
2022 $423 $98,791 $8,954 $89,837
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10615791

Real Estate Board of New York (REBNY)

APN: 06802-1242