575 Ocean Ave. 4-A $499,000

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    575 Ocean Ave. 4-A Brooklyn, NY 11226

    • 3 Beds
    • 1.5 Baths
    • 1,213 sq. ft.
    • Co-Op
    • MLS# 3711835
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    Views: 1 Days On Site: 13

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    Property Details

    Welcome to 575 Ocean Avenue Unit 4A. Located in Prospect Park South, this is a great affordable housing opportunity that would generally cost much more. It consists of a huge 3 bedroom, 1 1/2 bathroom apartment with over 1200 sqft of living space. In need of a makeover, this CoOp still holds tremendous value and an opportunity for the right buyer. Close to transportation, shopping, restaurants, schools, houses of worship and with just a short walk to Prospect Park, you cant ask for much more. The building is 100% owner occupied so there is no subletting allowed. A 20% minimum down payment is required and there is a 30% flip tax paid by the seller. . This is an HDFC cooperative with income restrictions- purchaser can not have made more than the amounts below in 2019 or 2020. Income limits are based on family size and only pertain to incoming buyers. . Family of 1 is $87,000 Family of 2 is $100,000 Family of 3 is $112,000 Family of 4 is $135,000 Family of 5 is $145,000 .

    • General Features
      • Year Built 1926
      • Real Estate Tax 0
      • New Development No
      • Neighborhood Flatbush
      • Hoa Fee 906.00
      • Floor Number 4
    • Building Features
      • Building Class D4
      • Building Bike Storage No
      • Building Gym No
      • Building Garage No
      • Building Elevator Yes
      • Building Doorman No
      • Building Storage No
      • Building Rooftop No
      • Building Prewar Yes
      • Building Pool No
      • Building Pets Yes
      • Building Laundry No
      • Number of Rooms 6.00
      • Number of Half Baths 1
      • Number of Building Units 63
      • Number of Building Stories 6
      • Has Outdoor Space No
      • Has Fireplace No
      • Garden No
      • Foyer No
      • West Exposure Yes
      • Unit Terrace No
      • Unit Number 4-A
      • Unit Laundry No
      • Unit Garden No
      • Unit Balcony No
      • South Exposure Yes

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    Neighborhood

    11226 (Brooklyn) Demographics

    34 Median Age
    77,214 Population Density (per sq. mile)
    35% College Educated
    $58,257 Estimated Median Income
    4,814 Estimated Total Home Owners
    32,377 Estimated Total Renters
    13% / 87% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    99,558 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $829,500 Median Sales Price
    7 Homes Sold
    9 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $499,000
        11/17/2021 7:35:00 PM New in Database Source: Multiple Listing Service New Value: $499,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.