416 Ocean Ave #74

Co-op in Flatbush
In Contract
 for Sale at 416 Ocean Avenue, Brooklyn, NY 11226

16

 for Sale at 416 Ocean Avenue, Brooklyn, NY 11226
 for Sale at 416 Ocean Avenue, Brooklyn, NY 11226
 for Sale at 416 Ocean Avenue, Brooklyn, NY 11226
$1,150,000
3
Beds
2
Baths
Half Bath
1,450
Ft²
$793
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
1.52%
Est. Monthly
$7,443
**FEEL FREE TO INQUIRE ABOUT THE 4.79% MORTGAGE RATE THIS BUILDING QUALIFIES FOR** Welcome to 416 Ocean Ave Prospect Park Souths premiere Cooperative building. This landmark was formerly known as The Brace Bridge Hotel. The hotel where The Brooklyn Dodgers occasionally stayed during their race to the pennant. Ideally situated minutes from Prospect Park, and convenient to a host of neighborhood amenities, which includes trendy shopping, fine dining, and notable parks.

As for this stunning Classic Six home, Residence 74 has been comprehensively outfitted with a bevy of elegant upgrades. Upon entering the home you'll notice wide plank Oak flooring. The entry hallway has sleek built-ins which blend with the home's aesthetics...

Building Features

Facilities

Bike RoomStorage AvailableLaundry Room

Laundry

Washer / Dryer Allowed

Ownership & Occupancy

Pied-à-Terre Allowed

Building Style

Prewar

Home Features

Exposure

East Exposure

Price History

Date/EventEventPrice
Mar 15, 2023 In contractIn contract-
Jan 27, 2023 Price DecreasedPrice Decreased$1,150,000 $45K (3.8%)
Dec 1, 2022 Listed by CompassListed by Compass$1,195,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$39,000
ExpensesPer Year
$21,552
Operating ProfitPer Year
$17,448
Cap rate
1.52%

Price Estimate

$1,338,000$1,146,512$955,025
20222023202420252026
Current Asking Price

$1,150,000

HopScore Market Price

$1,146,512

The current asking price is $3,487.65 above the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
Coop
3
2
1,400 ft²
$696/ft²
$974,918
$1,266/mo
Sold
Coop
3
2
1,450 ft²
$828/ft²
$1,200,000
$1,151/mo
Sold
Coop
3
2
1,500 ft²
$833/ft²
$1,250,000
$973/mo
Sold
Coop
3
1.5
1,450 ft²
$759/ft²
$1,100,000
$957.60/mo
Sold
Coop
3
2
1,350 ft²
$911/ft²
$1,230,000
$957/mo

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Building Info

416 Ocean Avenue416 Ocean Avenue, Brooklyn, NY 11226
  • 90 Units
  • 1 Unit for Sale
More about this Building
416 Ocean Avenue
Want to find out who owns 416 Ocean Avenue, Brooklyn, NY 11226? Get detailed property transactions here .

Neighborhood

About Flatbush

Stats & Trends

The median asking price in Flatbush is $750,000.
  • Median Asking

    $750,000
  • Sale Price/ft²

    $672.73
  • Below Asking

    0.02%
  • Days on Market

    104

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
3
1
1,200
$925,000
-/mo
Feb 24, 2023
Active
-
-
-
-
2
1
1,100
$625,000
-/mo
Dec 12, 2022
In Contract
-
-
-
-
-
3
2
1,450
$1,195,000
-/mo
Dec 1, 2022
In Contract
-
-
-
-
-
2
1
950
$725,000
-/mo
Aug 26, 2022
Withdrawn
-
-
-
-
-
1
1
-
$495,000
-/mo
Aug 11, 2022
Sold
Mar 16, 2023
217 days
$449,000
-9.29%
-
2
1
1,100
-
-/mo
Jul 27, 2022
In Contract
-
-
-
-
-
1
-
$649,900
-/mo
Jul 20, 2022
Sold
Feb 1, 2023
196 days
$625,000
-3.83%
-
1
1
1,200
$850,000
-/mo
May 24, 2022
Expired
-
-
-
-
-
2
2
1,350
$1,150,000
-/mo
Feb 13, 2022
Sold
May 9, 2022
85 days
$1,225,000
+6.52%
3
2
1,562
$1,199,000
-/mo
Jul 10, 2021
Sold
May 5, 2022
299 days
$1,150,000
-4.09%

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Unit #74, 416 Ocean Avenue, Brooklyn, NY 11226


Frequently Asked Questions

What is the median home price in Central Brooklyn?
The median home price in Central Brooklyn is $749,000, or $579/sqft. When you buy a home in Central Brooklyn, you can expect to pay between $465,000 to $1,228,750. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Central Brooklyn?
The median home price for a studio in Central Brooklyn is $870,000, or $470/sqft.
What is the median home price for a One-Bedroom in Central Brooklyn?
The median home price for a one-bedroom home in Central Brooklyn is $425,000, or $691/sqft.
What is the median home price for a Two-Bedroom in Central Brooklyn?
The median home price for a two-bedroom home in Central Brooklyn is $614,000, or $647/sqft.
What is the median home price for a Three-Bedroom in Central Brooklyn?
The median home price for a three-bedroom home in Central Brooklyn is $750,000, or $594/sqft.
What is the median home price for a Four+ Bedroom in Central Brooklyn?
The median home price for a four+ bedroom home in Central Brooklyn is $1,335,000, or $515/sqft.
What is the breakdown of listings by bedroom count in Central Brooklyn?
There are currently 682 available properties for sale in Central Brooklyn. Of those, 12.17% are studio listings, 23.31% are one-bedroom listings, 20.53% are two-bedroom listings, 12.32% are three-bedroom listings, and 31.67% are four+ bedroom listings.
What is the breakdown of listings by property type in Central Brooklyn?
There are currently 184 condos, 79 houses, 127 townhouses, and 115 multifamilies located in Central Brooklyn. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Central Brooklyn?
The least expensive property sold in Central Brooklyn for $2,400.
Now, what is the most expensive property sold in the past 12 months in Central Brooklyn?
The most expensive property sold in Central Brooklyn for $55,000,000.
How long on average are properties in Central Brooklyn on the market?
Based on our collected data, properties in Central Brooklyn are on the market for a median time of 104 days.

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