4 months on rocket

1096 Ocean Ave, Brooklyn, NY, 11230

$2,199,000

Home List Price

$10,000*

Closing Credit

17 Full Baths
16,000 SqFt
$137/SqFt
Multi

Location

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1096 Ocean Ave, Brooklyn$2,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1931
HeatingSteam, Natural Gas
BasementYes
FireplaceStove
MLS #485155
StatusActive

About 1096 Ocean Ave

Investors delight! Building for sale in Brooklyn! Located on Ocean Avenue between Foster Avenue & Glenwood Road. The building boasts 17 apartments (15-2 bedroom apartments, 1-1 bedroom apartment, 1-3 bedroom apartment). Total annual income $280,136; could be increased. Total annual expenses $117,837. TLC needed on the first floor and basement! The building is vacant: some paying tenants will be coming back but some apartments will remain vacant.

Property Details

Property Features

Property Information:

  • Year Built: 1931
  • Stories: 4
  • Living Area: 16,000 SqFt

Listing Office:

  • Office Name: Citi Star Inc

Interior Features

Interior Information:

  • Appliances: Refrigerator, Stove
  • Basement: Yes
  • Flooring Type: Carpeting, Ceramic, Hardwood
  • Fireplace: Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 17

Exterior Features

Parking Information:

  • Parking: None

Utilities

Utilities Information:

  • Heating: Steam, Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,199,000
  • Price Per SqFt: $137/SqFt
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Housing Market Comparison

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

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Brooklyn, NY

City

Med. Sold Price

$979.9K

Med. Price/SqFt

$701

Avg. Days On Market

111

# of Sold Homes

385

1096 Ocean Ave vs Brooklyn

126 DAYS ON ROCKET

+15 Days

$2,199,000

+$1.2M More

$137/SqFt

-$565 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $565/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #485155

Listing Office:

  • Office Name: Citi Star 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: 12/18/2024, 5:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,659

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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-55317
5
/10

  • P.S. K315 Brooklyn

  • 2310 Glenwood Rd

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-55318
4
/10

  • School of Science and Technology

  • 725 E 23rd St

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-55319
6
/10

  • P.S. 217 Colonel David Marcus School

  • 1100 Newkirk Ave

  • 0.45 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,000. The majority of Brooklyn, NY residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11230›1096 Ocean Ave

This home is located at 1096 Ocean Ave in Brooklyn, NY and zip code 11230 in the Ditmas Park neighborhood. This 16,000 square foot home was built in 1931. Features: 17 bathrooms. It has been listed on Rocket Homes since August 14, 2024 and is currently priced at $2,199,000.

In November 2024, from all listings sold in Brooklyn, NY there were more than 28 sold above asking price, over 161 sold below and more than 196 were sold right at the asked price. The number of listings in Brooklyn, NY decreased by 10.5% between October 2024 and November 2024. The median list price of listings available in November 2024 was $979,913, while the average time on the real estate market was 111 days.

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

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