NOT LISTED FOR SALE

Estimated Value: $563,000 - $850,000

2 Beds
2 Baths
1,100 Sq Ft
2018 Built

Last Sold November 08, 2023

Last sale price $795,000 $723 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $3,912/month

Highlights

  • Virtual Doorman
  • Elevator
  • Handicap Accessible
  • P.S. 193 Gil Hodges Rated A-
  • Bike Room
  • 2-minute walk to Kolbert Playground

About This Home

As of November 2023

TAX ABATED ONLY $40 MONTHLY TAXES!!!
Experience the finest luxury living! Situated in a modern newly constructed condominium in the heart of Midwood on a beautiful tree lined block, this spacious 2-bedroom 2 bath unit with a unique layout is designed to have a foyer and feature a large open living/dining area, spacious bedrooms, and a generous private balcony.
The kitchen is equipped with a fan above the two-tone custom kitchen cabinets with granite countertops.
Unique features of this beautiful home include Central AC/Heating, a water heater located in the unit’s utility closet, and 5” wide pre-finished hardwood engineered floors. The building’s features include a furnished lobby with a reception area, roof-top outdoor space encompassing over 1,000 sf with city skyline views, and 421a tax abatement.
The building’s steel, brick, and block structure acts as natural soundproofing. Transportation is ideally minutes away (3.5 short blocks) easy access to the Q train at Avenue M and East 16th and BM3, B9, and B49 Buses steps away. With an endless array of nearby shopping, stores, and restaurants this property is located in the popular destination of South Brooklyn. Contact us to find out more details about this amazing condominium. Garage Parking Available.

Last Agent to Sell the Property

Igor Libo

Ilite Realty Inc Listed on: 06/28/2023

Last Buyer's Agent

Igor Libo

Ilite Realty Inc Listed on: 06/28/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $478

Year Built

  • Built in 2018

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Utilities

  • Central Air
  • Gas Available
  • Septic System

Additional Features

  • Handicap Accessible
  • Sprinkler System

Listing and Financial Details

  • Tax Block 6739
  • Property eligible for a tax abatement

Community Details

Overview

  • 26 Units
  • Association Phone (888) 391-0454
  • 1251 Condominium Condos
  • Property managed by Alvic Management

Amenities

  • Virtual Doorman
  • Laundry Facilities
  • Elevator
  • Secure Lobby
  • Bike Room
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$478

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Total Bathrooms: 2.00
  • Baths Total Level1: 2.00
  • Beds Total Level1: 2
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue M
  • Cross Street Name2: Avenue N
  • Down Payment Required: 20
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Maintenance Common Fee: 360.00
  • Negotiate Thru: Broker
  • Parking Attributes: Garage
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: Central Air, Dishwasher, Dryer, Elevator, Garage Door Opener(s), Laundry Area, Microwave, Refrigerator, Stove, Washer, Other
  • Rooms Total Level1: 5
  • Street Name I D X: 19th
  • Street Number I D X: 1251
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Floor: 3
  • Room Count: 7
  • Total Rooms: 5
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 1208

Utilities

  • Air Conditioning Units: 1
  • Utilities: Gas, Heat, Septic, Sewer, Sprinkler System, Water

Condo/Co-op/Association

  • Management Company: Alvic Management
  • Manager Phone: 888-391-0454
  • Units In Building: 26

Lot Info

  • Building Project Name: 1251 Condominium

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 478.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Nov 7, 2023
Sold by
Shlepin Aleksandr and Shlepina Anna
Bought by
Lu Bang and Mai Steven
Seller's Agent
Igor Libo
Ilite Realty Inc
Buyer's Agent
Igor Libo
Ilite Realty Inc
List Price
$779,000
Sold Price
$795,000
Premium/Discount to List
$16,000
2.05%
Total Days on Market
0
Views
104
Current Estimated Value
$691,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$103,475
Avg. Annual Appreciation
-2.09%
Original Mortgage
$625,000
Outstanding Balance
$618,824
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$150,410
Source: Public Records

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Range of Values:

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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
Lu Bang $795,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Bang $625,000
Previous Owner Shlepin Aleksandr $19,068
Previous Owner Shlepin Aleksandr $555,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2023 11/08/23 Sold $795,000 +2.1% $723 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $779,000 -- $708 / Sq Ft
Source: Brooklyn Board of REALTORS®

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
2024 $488 $33,808 $6,138 $27,670
2023 $478 $32,541 $6,138 $26,403
2022 $477 $29,381 $6,138 $23,243
2021 $478 $27,061 $6,138 $20,923
2020 $486 $28,544 $6,138 $22,406
2019 $3,215 $28,544 $6,138 $22,406
2018 $3,095 $27,546 $6,138 $21,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 475086

Brooklyn Board of REALTORS®

APN: 06739-1208