1 year on rocket

975 Ocean Ave, Brooklyn, NY, 11226

$3,300,000

16 Full Baths
18,800 SqFt
$176/SqFt
Multi
Schools Nearby

Location

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Property Highlights

Home TypeMulti Family
ParkingNone
HeatingBaseboard, Natural Gas
CoolingOther
BasementYes
FireplaceStove
MLS #470976
StatusActive

About 975 Ocean Ave

Prime Ditmas Park location! A 4-story walk-up residential building in the heart of Ditmas Park South Midwood. The property spans 18.800 square feet and comprises 16 residential apartment units, 6-2br 1bath, 6- 3br 1bath apartment. Well-maintained building by the owner for over 30 years, new roof, recently was changed all windows in the building, brand new security cameras on each floor and outside of the building. Total 16 units apartments rented to qualified tenants. Building recently upgraded with brand new dual fuel gas & oil. Motivated seller. Won’t last!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Living Area: 18,800 SqFt

Listing Office:

  • Office Name: Diamond Real Inc

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator, Stove
  • Basement: Yes
  • Flooring Type: Carpeting, Ceramic, Concrete, Parquet, Stone, Tile
  • Fireplace: Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 16

Exterior Features

Parking Information:

  • Parking: None

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,300,000
  • Price Per SqFt: $176/SqFt

Tax Information:

  • Annual Amount: $45,909
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

Med. Sold Price

$951.2K

Med. Price/SqFt

$685

Avg. Days On Market

102

# of Sold Homes

318

975 Ocean Ave vs Brooklyn

443 DAYS ON ROCKET

+341 Days

$3,300,000

+$2.3M More

$176/SqFt

-$509 Less

KEY TAKEAWAY

This property is $2.3M more than the Median Sold Price and $509/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #470976

Listing Office:

  • Office Name: Diamond Real Inc

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/29/2024, 10:25:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$45,909$427,500
2019$45,611$427,500
2018$32,716$386,550
2017$28,380$364,500

History based on county public records data.

Payment Calculator

$16.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,960

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-7916380
7
/10
  • PS 139 Alexine A Fenty

  • 330 Rugby Rd

  • 0.42 miles

  • Public District Grades PK-5

school-card-donut-7916381
4
/10
  • School of Science and Technology

  • 725 E 23rd St

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-7916382
6
/10
  • PS 315

  • 2310 Glenwood Rd

  • 0.48 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,505. The most common annual income of people living in Brooklyn, NY is less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Flatbush, Brooklyn

What are the common housing types in Flatbush, Brooklyn?

Large apartment buildings are the predominant housing type, representing around two thirds of dwellings in Flatbush, while the remainder are mainly small apartment buildings and duplexes. This part of the city is primarily composed of two bedroom and one bedroom homes. Around 80% of the dwellings in the neighborhood are occupied by renters and the remainder are occupied by owners. Most homes in this neighborhood were built before the 1960s, during its biggest construction boom.

What are the advantages of living in Flatbush, Brooklyn?

Flatbush has a character that appeals to a fairly diverse group of people. Flatbush is quiet, as there are usually low levels of noise from traffic - although that is not the case around the railway line. The greenery in this neighborhood is quite prominent as the tree canopy coverage for most streets is good. It is easy to access public green spaces in the neighborhood since there are a few of them close by for residents to check out. Finally, this part of New York has numerous areas to discover. Even though the nightlife is quiet, the streets are almost always busy with people. Rogers Avenue is among the most active streets in this area.

Are essential services in Flatbush, Brooklyn convenient?

It is very easy to get to both a general and a specialty grocery store on foot from any location in this area. Likewise, those who are fond of eating out won't have to go far in Flatbush, where over 100 restaurants and a few cafes are available. It is also straightforward to get to a number of clothing stores on foot, for example along Flatbush Avenue. In terms of education, home buyers will find that wherever their house is located in Flatbush, both primary and secondary schools are nearby. Apart from public schools, there are private elementary and secondary schools.

How do Flatbush, Brooklyn residents get around?

Property owners in Flatbush benefit from various choices to travel without the need for a car. The public transit service in Flatbush is great thanks to many nearby rapid transit stations on the 2 | 7 Avenue Express, 5 | Lexington Avenue Express and 5X | Lexington Avenue Express, and approximately 10 nearby bus lines. Physically active house buyers will also be pleased with the especially pedestrian-friendly character of Flatbush; most common errands can be run on foot, and there are also a large number of businesses nearby. This part of New York is appropriate for biking as there are a good number of bike lanes, and cyclists do not face serious slopes.

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Rocket HomesNew YorkKings CountyBrooklyn11226975 Ocean Ave

This home is located at 975 Ocean Ave in Brooklyn, NY and zip code 11226 in the Flatbush neighborhood. Features: 16 bathrooms. It has been listed on Rocket Homes since January 11, 2023 and is currently priced at $3,300,000.

Brooklyn, NY housing market in February 2024 saw over 30 listings sold above listed price, more than 149 sold at listed price and over 139 sold below. In February 2024 in Brooklyn, NY there were 1.8% less homes for sale than in January 2024. Listings spent 102 days on the market in February 2024, and had a median list price of $951,210 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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