2503 Ocean Ave APT 5E, Brooklyn, NY, 11229
About This Home
Luxury Contemporary Living in the Heart of Sheepshead Bay Welcome to this stunning modern condominium nestled in one of Brooklyn’s most sought-after neighborhoods — vibrant Sheepshead Bay. Perfectly located just moments from Ocean Avenue and Avenue U, this beautifully designed 2-bedroom, 2-bath residence combines style, comfort, and convenience. Offering approximately 732 sq. ft. of thoughtfully designed interior space plus a private 42 sq. ft. balcony, this home delivers the perfect balance of indoor and outdoor living with a total gross area of 805.2 sq. ft. Step inside to discover: • A sleek designer kitchen featuring premium Steelwell appliances • Elegant solid hardwood flooring throughout • Bright and spacious living areas ideal for entertaining • A versatile recreation space perfect for relaxing, working from home, or hosting guests Additional highlights include available secure parking for purchase, providing added convenience and peace of mind. Enjoy unbeatable accessibility with the Q train just minutes away, along with nearby supermarkets, restaurants, cafés, and shopping destinations right at your doorstep. Exceptional Financial Incentives: • 6-Year Real Estate Tax Reimbursement $4000/year • After reimbursement, property tax is only approximately $4,455 • Qualified primary residence buyers may receive an additional 18% savings benefit which amounts to about $1,521 in additional savings. Whether you’re searching for your dream home or a smart investment opportunity, this residence offers luxury, value, and location all in one. Don’t miss your chance to own a piece of prime Brooklyn real estate — schedule your private showing today!
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 2018
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Dishwasher
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Interior Area
- Total structure area: 805
- Total interior livable area: 805 sqft
Property
Details
- Parcel number: 073251721
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Earthquake
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,074 | $36,888 |
| Home Insurance * | $205 | $2,460 |
| Property Taxes | $283 | $3,396 |
| Electricity | $246 | $2,954 |
| Total | $3,808 | $45,696 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-06 | Contingent | $608,000 |
| 2026-07-23 | Pending sale | $608,000 |
| 2026-05-29 | Listed for sale | $608,000 |
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