NOT LISTED FOR SALE

Estimated Value: $2,242,000 - $2,995,000

3 Beds
2.5 Baths
2,139 Sq Ft
$1,472/mo HOA Fee

Last Sold July 19, 2024

Last sale price $2,650,000 $1,239 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $16,549/month

69 Days on Market

Highlights

  • Concierge
  • City View
  • Community Storage Space
  • Rooftop Deck
  • Central Air
  • High-Rise Condominium

About This Home

As of July 2024

Your waterfront oasis has arrived. Through the inviting foyer, the soaring 11' beamed ceilings frame a spacious environment which has been thoughtfully renovated. At apartment 4H, DUMBO loft living has been enhanced by custom crafted cabinetry and hardwood floors throughout, which artfully defines a flow of rooms while also maintaining a generous open plan in the living and dining spaces. The chef-friendly kitchen is delineated by a large island which is capped by a unique rounded endpiece. This detail provides an ideal surface for culinary preparation while entertaining in addition to casual dining options. The warm palette is completed with tiger maple cabinets. You will enjoy a suite of quality appliances: Subzero refrigerator and wine cooler, Thermador range and oven, and a Bosch dishwasher. A contiguous corner kitchen office nook allows for a variety of work applications convenient to the heart of the home. The living and dining areas flow outward and are perfect for hosting guests as well as spending quiet evenings at home. An arced wall of design-forward artisan cabinetry of alternating walnut and zebrawood panels offers a discreet entertainment center, a concealed bar, and generous storage options. This spacious living area is brightened by eight south and east facing oversized windows.

The king-sized primary bedroom is well-proportioned and airy. An ensuite bath includes a deep soaking whirlpool tub, and a marble vanity. The expansive walk-in closet offers organized storage within more handcrafted cabinets. The two secondary bedrooms are separated from the primary by a gallery hall. The larger of the two includes its own ensuite bath and three towering windows. The third bedroom is distinguished by a breathtaking view of the Manhattan bridge, and a floor to ceiling wall of storage cabinetry. This room has both an anterior portion and a sleeping area separated by a dramatic column. Unique details like this hint to the industrial history of the neighborhood. The reinforced concrete construction technique used in the iconic Clocktower building was pioneered by cardboard entrepreneur Robert Gair in 1904. The solidity of this building is inimitable.

The handsome Clocktower building is named for the iconic four-faced clocktower crown, which started keeping time in 1914. It is well situated within the heart of the DUMBO Historic District and was converted to residential use in 1998. The building's stately handpainted marble lobby provides an esteemed entrance. The Clocktower features 24-hour concierge service, friendly professional staff, an expansive roof deck, fitness center, residential storage, bike room, and low monthlies.

The location of this home is perfectly set just a few feet from world renowned Brooklyn Bridge Park, the historic Empire Stores, DUMBO House, St. Ann's Warehouse, Jane's Carousel, boutique shopping, notable restaurants, art galleries, top tier gyms, bookshops, creative and tech businesses. Plentiful transportation options abound nearby: F, A/C, 2/3 trains, the B25 bus, multiple Citibike stations, and the East River Ferry.

Last Agent to Sell the Property

Marcia Hillis

Corcoran Group License #10401361743 Listed on: 03/08/2024

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,911

Year Built

  • Built in 1900

HOA Fees

  • $1,472 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 2,139 Sq Ft Home
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 1032 / 00027

Community Details

Overview

  • 124 Units
  • High-Rise Condominium
  • The Clocktower Condos
  • Dumbo Subdivision
  • 12-Story Property

Amenities

  • Concierge
  • Rooftop Deck
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,911

Year Built

Built in 1900

Lot Details

0

HOA Fees

$1,472 per month

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: DUMBO
  • Entry Level: 4
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Pets No Pets Comments: none,Building Pets Allowed Comments:none
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Fireplace: No
  • Living Area: 2139.0
  • Living Area Units: Square Feet
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck, None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building None, Washer Hookup, In Unit
  • Green Building Features: Concierge, Elevator(s), Storage
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1472.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: The Clocktower
  • Units: 124
  • Total Stories: 12
  • Year Built: 1900

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 00027
  • Tax Lot: 1032

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Jul 18, 2024
Sold by
Fried Mark and Fried Nathalie
Bought by
Satchit Ajay and Venkataraman Vidya
Seller's Agent
Marcia Hillis
Corcoran Group
List Price
$2,800,000
Sold Price
$2,650,000
Premium/Discount to List
-$150,000
-5.36%
Views
67
Current Estimated Value
$2,611,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,617
Avg. Annual Appreciation
-1.15%
Original Mortgage
$1,600,000
Outstanding Balance
$1,580,743
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,030,641

Purchase Details

Closed on
Feb 10, 1999
Sold by
One Main Llc
Bought by
Fried Mark and Fried Nathalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Satchit Ajay $2,650,000 --
Fried Mark $426,000 Ticor Title
Fried Mark $426,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Satchit Ajay $1,600,000
Previous Owner Fried Mark $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2024 07/19/24 Sold $2,650,000 -5.4% $1,239 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $2,800,000 -- $1,309 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,911 $153,200 $2,620 $150,580
2024 $16,911 $147,563 $2,620 $144,943
2023 $13,136 $145,914 $2,620 $143,294
2022 $12,144 $126,236 $2,620 $123,616
2021 $11,191 $120,543 $2,620 $117,923
2020 $8,393 $136,104 $2,620 $133,484
2019 $8,577 $120,189 $2,620 $117,569
2018 $8,478 $98,492 $2,620 $95,872
2017 $6,733 $77,561 $2,621 $74,940
2016 $6,102 $74,614 $2,620 $71,994
2015 $4,208 $41,300 $2,620 $38,680
2014 $4,208 $41,300 $2,620 $38,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10991225

Real Estate Board of New York (REBNY)

APN: 00027-1032