THE CONDO BOOK PROJECT

2424 Ocean Condominium

2424 Ocean Avenue, Brooklyn, NY 11229

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Overview

2424 Ocean is a 12-unit condo in Brooklyn, with 7 parking units and 1 commercial unit.

  • Offering plan: Accepted November 2015 · 382 pages · floor plans on pages 264–268
  • Finishes: Laminate kitchen countertops, laminated wood cabinets, Frigidaire appliances and washer/dryer hook-ups
  • Prices: $580 a square foot on average, as first offered; $9.2 million in all ($8.59 million when first offered)
  • Common charges: $402 a month, the sponsor's first-year estimate
  • Sponsor: 2426 Ocean Avenue LLC, represented by Rosen Law LLC; principals Ebrahim Shokrian, Mehran Malekan and Shahram Mobasser
  • Neighborhood: Sheepshead Bay, Brooklyn
  • Subway: 9-minute walk to Avenue U (Q); 13 minutes to Kings Hwy (B, Q)
  • Amendments: 4, the latest in June 2017
  1. SubmittedNovember 2015
  2. AcceptedNovember 2015
  3. 4 amendments
  4. First sale
  5. Latest sale

Sales

12 of 12homes sold (100%)
Every sale: 13 homes, with price and dateSee it free →

From city records (ACRIS), through Aug 31, 2022.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

Ask Claude or ChatGPT: How do 2424 Ocean's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 5 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
2426 Ocean Avenue LLC
Principals
Ebrahim Shokrian, Mehran Malekan, Shahram Mobasser
Tax estimate
Moseson & Associates Corp.Prepared the first-year real estate tax projection
Construction lender
Popular Bank$2.8 million recorded
General contractors
Rapid Const and Renovatio, WCC Builders, Global Group Industries, Kaieteur ConstructionHeld the general construction permit on DOB job 310020697
Property report
Sion Assoc NY, LLCPrepared the plan's description of the property and its condition · Named on p. 167
Title agency
Ultimate Abstract Company of New York, Inc.The sponsor's title company for buyers; you can choose another · Agent for Fidelity National Title Insurance Company · Named on p. 108

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6A

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 2424 Ocean's common charges high for the area? Yes, they're on the high side. 2424 Ocean budgets $0.36 per square foot a month, against a $0.33 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?