NOT LISTED FOR SALE

Estimated Value: $1,048,000 - $1,254,000

2 Beds
2 Baths
1,187 Sq Ft
$732/mo HOA Fee

Last Sold December 15, 2020

Last sale price $1,100,000 $927 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,990/month

60 Days on Market

Highlights

  • Pre War Building
  • Laundry Facilities
  • 2-minute walk to Pratt Playground
  • Garage

About This Home

As of December 2020

This 2Br/2Bath condo checks all the boxes while delivering more than expected. Unit 5A is a 1,187 masterpiece of modern living, with central air, eastern and western walls of windows, and modern appliances, wares, and finishes including Axor Citterio and Hansgrohe bathroom fixtures, soft-touch Pendi kitchen cabinetry, 24" volcanic bathroom tiling, triple-mirrored bathroom cabinets, stacked washer/dryer, Bosch appliance package, and most coveted of all, a deeded parking spot in the underground garage.

Once a humble car wash, the Absolute Condominium is now a 35 unit condo building located in Clinton Hill and offers residents 24-hour access to the full gym and spacious rec room, complete with billiards, ping pong, tv lounging area, and wifi. Designed by architect Gary Shoemaker and built in 2008, there is an abatement in effect until 2025. There are two elevators and additional parking spots available for rent or for sale. Due to high reserves, new carpeting and fresh paint is anticipated in all common areas, along with other capital improvements.

Clinton Hill has enjoyed a peak in vibrancy in the last decade, with the 4-block Myrtle Plaza leading the way in neighborhood amenities, as well as multiple new buildings and the massive Navy Yard project, which includes Wegmans, Brooklyn Grange, Steiner Studios, a 60,000 sqft food hall, a new East River ferry dock, restored Admiral's Quarters, and new buildings rife with tech and Brooklyn-based manufacturing companies. Once a destination for Manhattan's upper-crust to escape congestion and construct scores of mansions (now landmarked), Clinton Hill is now a historic neighborhood offering Pratt Institute's public gardens and a relaxing stroll to farmer's markets at Fort Greene Park.

Please ask for our video walkthrough and anticipate a COVID disclosure for physical showings.

Last Agent to Sell the Property

Eric Volpe

Corcoran Group License #10301219675 Listed on: 07/31/2020

Corcoran Group

Co-Listed By

Andrea Kelly

Corcoran Group License #10401343231

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $384

Year Built

  • Built in 2008

HOA Fees

  • $732 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,187 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling

Listing and Financial Details

  • Tax Block 1894

Community Details

Overview

  • The Absolute Condos
  • Clinthl Subdivision
  • 6-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$384

Year Built

Built in 2008

Lot Details

0

HOA Fees

$732 per month

Listing Details

  • Cross Street: Myrtle Ave/Park Ave
  • Exposures: East,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: CLINTHL
  • Architectural Style: Prewar
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1187.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 732.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: The Absolute
  • Total Stories: 6
  • Year Built: 2008

Tax Info

  • Tax Block: 1894
  • Tax Annual: 384.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Dec 15, 2020
Sold by
Ren Yi and Yuen Ho Mon
Bought by
Sabbidine Mohammad Karim
Seller's Agent
Eric Volpe
Corcoran Group
List Price
$1,175,000
Sold Price
$1,100,000
Premium/Discount to List
-$75,000
-6.38%
Current Estimated Value
$1,182,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,236
Avg. Annual Appreciation
1.55%
Original Mortgage
$880,000
Outstanding Balance
$787,063
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$395,173

Purchase Details

Closed on
Sep 21, 2020
Sold by
Ren Yi and Tang Qing Hua
Bought by
Ren Yi and Yuen Ho Mon

Purchase Details

Closed on
Jul 13, 2011
Sold by
941 Washington Associates Llc
Bought by
Ren Yi and Tang Qing Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.49%
Mortgage Type
Purchase Money Mortgage
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
Sabbidine Mohammad Karim $1,100,000 --
Ren Yi -- --
Ren Yi $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sabbidine Mohammad Karim $880,000
Closed Sabbidine Mohammad Karim $880,000
Previous Owner Ren Yi $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $1,100,000 -6.4% $927 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $1,175,000 0.0% $990 / Sq Ft
08/08/2019 08/08/19 For Rent $3,800 -- --
08/08/2019 08/08/19 Rented -- -- --
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 $9,791 $108,994 $4,760 $104,234
2024 $9,791 $107,373 $4,760 $102,613
2023 $7,053 $101,915 $4,760 $97,155
2022 $4,683 $93,460 $4,760 $88,700
2021 $2,467 $86,444 $4,760 $81,684
2020 $213 $95,892 $4,760 $91,132
2019 $445 $89,660 $4,760 $84,900
2018 $448 $86,522 $4,761 $81,761
2017 $448 $78,460 $4,760 $73,700
2016 $454 $74,048 $4,761 $69,287
2015 $355 $68,419 $4,760 $63,659
2014 $355 $60,467 $4,760 $55,707
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10654156

Real Estate Board of New York (REBNY)

APN: 01894-1027