NOT LISTED FOR SALE

Estimated Value: $675,600 - $944,000

1 Bed
1 Bath
606 Sq Ft
$375/ mo HOA Fee

Last Sold May 18, 2021

Last sale price $790,000 $1,304 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,707/month

22 Days on Market

Highlights

  • Rooftop Deck
  • 1-minute walk to Metropolitan Avenue
  • Balcony
  • P.S. 132 The Conselyea School Rated A-
  • City View
  • 5-minute walk to Macri Triangle

About This Home

As of May 2021

Truly, one of the best deals on the market, residence 505 has a perfectly efficient layout with southern exposure (warmth/light all-day), in a boutique elevator building set just above the treetops and neighboring buildings. Adorned with high-end Bosch/LG appliances and finishes, set over Caeserstone countertops and hardwood floors, complete with a washer/dryer!

The layout is intelligently efficient, allowing room for dining and hallway storage, giving this apartment the feel of a much larger space. Lastly, you have a private balcony perfect for outdoor dining and herb planting, and a storage unit in the basement!

1 Powers is a boutique elevator building with a 24 hr gym, large roof-deck with views, and best of all, a 25 YEAR ABATEMENT running until 2036. The building is located in best transportation area in Williamsburg, just minutes from multiple train lines. You can both the L or the G three blocks away at Lorimer/Metropolitan in less than 5 minutes, or the J/M at Marcy Ave in about 10. Beyond the exceptional transit, the building is juxtaposed between the incredible food and nightlife found on Grand and Metropolitan, yet set on the adorable and quiet residential block of Powers Street. Most of all, the 25 year abatement means that you can own for less than you rent this, lovely, bright, and intelligent investment. This apartment is priced to sell, so make your appointment today.

Last Agent to Sell the Property

David Kazemi

Corcoran Group License #10301217620 Listed on: 03/03/2021

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $396

Lot Details

  • 0.27

HOA Fees

  • $375 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 606 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Listing and Financial Details

  • Tax Block 2773

Community Details

Overview

  • Williamsburg Subdivision

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$396

Lot Details

0.27 Acres

HOA Fees

$375 per month

Listing Details

  • Cross Street: Union Avenue and Lorimer Street
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 606.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 375.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No

Tax Info

  • Tax Block: 2773
  • Tax Annual: 396.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2010
Sold by
Essex Market Development Llc
Bought by
Mayer Talia
Current Estimated Value
$825,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,300
Outstanding Balance
$147,563
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$678,337
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mayer Talia $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mayer Talia $219,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2021 05/18/21 Sold $790,000 0.0% $1,304 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $790,000 0.0% $1,304 / Sq Ft
03/23/2019 03/23/19 For Rent $3,250 -- --
03/23/2019 03/23/19 Rented -- -- --
Source: Real Estate Board of New York (REBNY)

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 $415 $32,633 $4,074 $28,559
2024 $415 $29,972 $4,074 $25,898
2023 $408 $27,692 $4,074 $23,618
2022 $406 $30,421 $4,074 $26,347
2021 $408 $25,289 $4,074 $21,215
2020 $200 $28,014 $4,074 $23,940
2019 $419 $26,693 $4,074 $22,619
2018 $423 $25,764 $4,074 $21,690
2017 $423 $25,764 $4,074 $21,690
2016 $428 $24,081 $4,074 $20,007
2015 $335 $23,068 $4,074 $18,994
2014 $335 $21,837 $4,074 $17,763
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10702346

Real Estate Board of New York (REBNY)

APN: 02773-1228

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