NOT LISTED FOR SALE

Estimated Value: $1,530,000 - $1,827,503

2 Beds
2.5 Baths
1,700 Sq Ft
$851/mo HOA Fee

Last Sold July 28, 2023

Last sale price $1,665,000 $979 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $9,797/month

38 Days on Market

Highlights

  • Garage
  • Magnet School of Math Science & Design Technology Rated A
  • 5-minute walk to Detective Joseph Mayrose Park

About This Home

As of July 2023

Welcome home to 1638 8th Avenue, apt 1D.

One of only 5 triplexes in this suburban setting where you will experience townhouse living with condo amenities in over 1700 square feet.

This expansive layout, over three floors, offers 2 enormous bedrooms, 2.5 bathrooms, a recreational space, and covered, deeded parking.

Enter the landscaped, gated pathway to your new home where you will find a proper entrance foyer for shoes, jackets, bags, and more. Prepare your favorite meal in the windowed kitchen with stainless steel appliance package and breakfast bar seating. Head into the south facing, open concept dining and living room with its large picture window where you'll have your choice of layout to suit your needs. A full bathroom completes this level. Downstairs is a recreational space with over 400 square feet, bathroom, laundry, and plenty of storage. Upstairs are 2 enormous bedrooms with a Jack and Jill full bath. The primary bedroom easily fits a king-sized bed and has plenty of custom built-ins. The recreational space has an HVAC and the upper floors have splits.

Prospect Park Terrace is a private enclave of 27 condo residences; hidden, tranquil, and accessible by a mews-like promenade. There are 5 triplexes, 12 spacious duplexes,10 well-planned simplexes, and 18 parking spaces. Prospect Terrace offers common outdoor spaces, including a rooftop area with harbor views and a 2,700 square foot common backyard.

Tax abatement runs through 2036.

Transportation options include F & G at Prospect Park - 15 St. and the R at Prospect Ave the city is just minutes away. 1638 8th Avenue is also surrounded by fantastic restaurants and cafes such as Provini, Pasta Louise, Winner, Flora, Ottava, Zatar cafe & Bistro, Taim, and so many more. Being just two blocks from Nighthawk Cinema and, of course, Prospect Park means you'll have something exciting to do no matter the weather, right around the corner from your new home.

Deeded parking (Monthly)

Common charge $99.25

RE TX $5.35

Last Agent to Sell the Property

Sephrah Towbin

Corcoran Group License #10401286451 Listed on: 05/08/2023

Corcoran Group

Co-Listed By

jacob mautner

Corcoran Group License #10401373144

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $636

Year Built

  • Built in 2010

HOA Fees

  • $851 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,700 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 27 Units
  • The Prospect Terrac Condos

Listing and Financial Details

  • Tax Block 01112

Property Details

Home Type

Condominium

Est. Annual Taxes

$636

Year Built

Built in 2010

Lot Details

0

HOA Fees

$851 per month

Listing Details

  • Cross Street: WINDSOR PLACE and PROSPECT AVENUE
  • Property SubType: Apartment
  • Property Type: Residential
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 1700.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 851.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: THE PROSPECT TERRAC
  • Units: 27
  • Total Stories: 4
  • Year Built: 2010

Tax Info

  • Tax Block: 01112
  • Tax Annual: 636.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Jul 28, 2023
Sold by
Relis Adam J and Relis Jennifer M
Bought by
Rosenthal Erica Kart and Steinberg Peter Arlo
Seller's Agent
Sephrah Towbin
Corcoran Group
List Price
$1
Sold Price
$1,665,000
Premium/Discount to List
$1,664,999
166499900%
Views
45
Current Estimated Value
$1,682,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,126
Avg. Annual Appreciation
0.46%
Original Mortgage
$748,207
Outstanding Balance
$730,709
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$951,417

Purchase Details

Closed on
Sep 10, 2012
Sold by
Prospect Terrace Llc
Bought by
Relis Adam J and Relis Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rosenthal Erica Kart $1,665,000 --
Relis Adam J $980,000 --
Relis Adam J $980,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosenthal Erica Kart $748,207
Previous Owner Relis Adam J $784,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $1,665,000 +166499900.0% $979 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $1 -- $0 / 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 $646 $162,313 $20,995 $141,318
2024 $646 $164,955 $20,995 $143,960
2023 $634 $150,974 $20,995 $129,979
2022 $632 $145,978 $20,995 $124,983
2021 $634 $118,137 $20,995 $97,142
2020 $312 $133,438 $20,995 $112,443
2019 $652 $129,331 $20,995 $108,336
2018 $13,734 $124,815 $20,995 $103,820
2017 $657 $120,731 $20,995 $99,736
2016 $666 $111,411 $20,995 $90,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10879835

Real Estate Board of New York (REBNY)

APN: 01112-1104