2424 Ocean Condominium
2424 Ocean Avenue, Brooklyn, NY 11229
Overview
- Units
- 12 residential · 7 parking · 1 commercial
- Subway
- 9 min walk to Avenue U QKings Hwy B Q, 13 min
- Principals
- Ebrahim Shokrian, Mehran Malekan, Shahram Mobasser
- Offering price
- $9.2 million total $8.59 million when first offered
- Floor plans
- Pages 264–268 of the plan
The sponsor of record is 2426 Ocean Avenue LLC, represented by Rosen Law LLC. The offering plan runs 382 pages. The sponsor has filed 4 amendments, the latest in June 2017. The nearest other condo plan on file is Ocean Sun Condominium, next door.
Plan CD150095 · New · accepted Nov 17, 2015 · AG record ↗
Compare
| Figure | This building1 | Lighthouse211 units · 0.5 miaccepted 2015 | 2493 Ocean36 units · 0.1 miaccepted 2016 |
|---|---|---|---|
| Average Offering PricePer Apartment | $715,833In line | $922,309 | $709,833 |
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Unit mix, closings, budgets, finishes and the team, against Lighthouse and 2493 Ocean, cited to the offering plans. No credit card required.
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- Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Closings Pro
| Homes closed100% of the homes in the plan | 12 of 12 |
| Closingsfirst and latest recorded | Jun 12, 2017 – Apr 29, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2022: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 13 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4B | Jun 12, 2017 | $621,133one deed, 2 homes | — | — |
| 6B | Jun 21, 2017 | $626,224one deed, 2 homes | — | — |
| 3B | Jun 22, 2017 | $585,494 | — | — |
| 5B | Jun 23, 2017 | $626,224one deed, 2 homes | — | — |
| 7B | Jun 23, 2017 | $672,045one deed, 2 homes | — | — |
| 5A | Jun 27, 2017 | $635,388one deed, 2 homes | — | — |
| 2A | Jul 6, 2017 | $599,635one deed, 2 homes | — | — |
| 2B | Aug 28, 2017 | $580,403 | — | — |
| 3A | Sep 27, 2017 | $598,731 | — | — |
| 4A | Oct 18, 2017 | $610,950 | — | — |
| 6A | Jul 19, 2018 | $659,826one deed, 2 homes | — | — |
| 7A | Aug 7, 2018 | $580,403 | — | — |
| 1A | Apr 29, 2022 | $395,000 | — | — |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- 2426 Ocean Avenue LLC
- Principals
- Ebrahim Shokrian, Mehran Malekan, Shahram Mobasser
- Counsel
- Rosen Law LLC
- Tax estimate
- Moseson & Associates Corp.Prepared the first-year real estate tax projection
- Construction lender
- Popular Bank$2.8 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Ocean Sun Condominiumnext door · 21 units · 12 parking · 2006
- 2421 Ocean Avenue Condominiumnext door · 12 units · 2005
- 2409 Ocean Avenue Condominiumnext door · 12 units · 16 parking · 2016
- Tresornext door · 28 units · 23 parking · 2017
- Ocean Plaza Condominiumnext door · 21 units · 22 parking · 2006
- Ocean Avenue Condominiumsnext door · 10 units · 10 parking · 2006