2533 Ocean Avenue

2533 Ocean Avenue is a condo located in Madison, Brooklyn. The building was first built in 2015 and is 9 years old. The lot that the building was built on is 50 feet wide and 110 feet long. The official lot area is listed as 5,500 square feet. The building itself is 50 feet wide and 68 feet long. In total, 2533 Ocean Avenue has a total floor area of 20,346 square feet. Of that, 16,306 square feet are used for residential purposes. About 4,040 square feet of the building are used for commercial purposes. There are a total of 34 units. Of those, 24 are residential units. There are 10 commercial units. 2533 Ocean Avenue has a total of 7 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 34 closings on record, of which we have matching data for 6 listings. In the past 3 years, a listing in this building will typically remain on the market for about 166 days and tend to sell below the original asking price of $585,000 by 10.71%. Meaning, listings tend to sell at a median of $593 price per square foot. The transaction that took the longest to complete was unit 5D, listed on Jul 10, 2020 for $585,000. This particular unit ultimately sold 268 days later for $519,308. The most recent transaction was for unit 4D, which was first advertised on Mar 11, 2023, sold for $590,000 on Jun 16, 2023. Fun fact, the oldest transaction we have on record took place on Oct 19, 2004. See the full transaction history for 2533 Ocean Avenue below.

Madison, where 2533 Ocean Avenue is located, has a median asking price of $579,000 for condo buildings. Meanwhile, the building itself has a median asking price of $585,000. For interested buyers, that means the building's median asking price is around 0.80% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $999,000. It is a 3,397 sqft 0 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $468,000. It is a 575 sqft 1 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, 1 one-bedroom, no two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $733,500. Collectively, the median square footage of these active units for sale is 1,986 sqft. Active units for sale at 2533 Ocean Avenue are mostly studio apartments