NOT LISTED FOR SALE

Estimated Value: $405,000 - $432,397

Studio
1 Bath
440 Sq Ft
12,284 Sq Ft Lot

Sale Details

Date Sold: October 26, 2021

Last sale price $390,000 $886 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,495 / mo

59 Days on Market

Highlights

  • Built in 2019 | Newly Remodeled
  • Balcony
  • Garage
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Central Air

About This Home

As of October 2021

Pending A 421A 15-year tax abatement End 2035

Welcome to 2222 Ocean Ave! Walk into your cozy new studio apartment and feel at ease immediately when you see your open floor plan and large east facing sliding glass windows. Make the most out of your space with a large closet by the entry way and a walk in closet adjacent to your kitchenette. Next to your kitchenette, you will find a closeted space equipped with washer and dryer hook ups.

Stainless steel appliances and a beautiful geometric mosaic design back splash highlight your kitchen space. Your bathroom features a monochromatic white Italian porcelain marbled design with a tub. The expansive living area receives beautiful morning sunlight with the east facing sliding doors that lead to your private balcony space. This apartment features high quality Italian porcelain floors and elegant white and silver light fixtures.

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: 06/10/2021

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2019 | Newly Remodeled

Lot Details

  • 0.28

HOA Fees

  • $215 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 440 Sq Ft Home
  • Entry on the 7th floor

Additional Features

  • 1 Full Bathroom
  • 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

Year Built

Built in 2019 | Newly Remodeled

Lot Details

0.28 Acres

HOA Fees

$215 per month

Listing Details

  • Cross Street: Quentin Road/Avenue R
  • Exposures: East,North
  • 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: 440.0
  • Living Area Units: Square Feet
  • Accessibility Features: Wheelchair Access

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 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: 215.27
  • 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
Jun 10, 2021
Closed on
Oct 22, 2021
Sold by
2222-2226 Ocean Avenue Development Llc
Bought by
Sun Li and Zhou Kunqian
Seller's Agent
Avi Malul
THE LION REAL ESTATE
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$419,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,599
Avg. Annual Appreciation
1.66%
Original Mortgage
$292,500
Outstanding Balance
$267,538
Interest Rate
3.01%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$152,061
Source: Public Records
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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
Sun Li $395,460 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sun Li $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2021 10/26/21 Sold $390,000 0.0% $886 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $390,000 -- $886 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $242 $54,217 $5,009 $49,208
2024 $242 $52,223 $5,009 $47,214
2023 $238 $51,990 $5,009 $46,981
2022 $237 $55,264 $5,009 $50,255
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10725114

Real Estate Board of New York (REBNY)

APN: 06802-1241

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