NOT LISTED FOR SALE

1702 Newkirk Ave Unit 3B Brooklyn, NY 11226

Ditmas Park Neighborhood

Estimated Value: $962,559 - $1,071,000

2 Beds
2 Baths
-- Sq Ft
$351/mo HOA Fee

Last Sold April 30, 2020

Last sale price $879,000

Est. 14% increase in value since last sale

Current estimated payment $5,741/month

180 Days on Market

Highlights

  • New Construction
  • 2-minute walk to Newkirk Avenue (B,Q Line)
  • Balcony
  • Ditmas Junior High school Rated A-
  • Rooftop Deck
  • Central Air

About This Home

As of April 2020

STYLE, QUALITY AND AMENITIES NEVER BEFORE SEEN IN DITMAS PARK Residence 3B at 1702 Newkirk Avenue is a 2 bedroom, 2 bathroom condo with 2 private balconies and 4 exposures. Enter into the open plan living room with white oak flooring and marvel at the floor to ceiling windows allowing light to flood in and permitting views for miles. The dining area with Northern and Western exposures comfortably seats 6-8. The beautiful custom kitchen features sleek designs with stainless appliances and ample cabinet space. The master suite has a walk-in closet and en-suite bathroom with stall shower, and the second bedroom is well-proportioned and has two exposures. The spacious, crisp hall bathroom has a tub with rain shower. The Scandinavian inspired designed residence also includes a washer and dryer closet & central heat and air-conditioning for added convenience. 1702 Newkirk Avenue is a boutique six-story 12 unit new development condominium located in the heart of Brooklyns Ditmas Park. This is an unrivaled opportunity to own a premium residence with the finest mix of craftsmanship, amenities, and value this neighborhood has ever seen and with an anticipated 15 year tax abatement.The location is ideal: 1 block to the Newkirk Plaza B & Q station provides for a 30 minute commute to Manhattan yet also set amongst the tree-lined streets and Victorian homes of the neighborhood, and right by the restaurants, cafes, and markets on Cortelyou Road and Newkirk Avenue. The elevator building is comprised of 1 and 2 bedroom residences with only 2 apartments per floor. The vast amenities include a video security entry system, private storage rooms, a bike room, a roof deck with gas grills and spectacular city views, private roof decks and parking available, a gym, and a community/ play room with kitchen. The complete offering terms are in an offering plan available from the sponsor #CD190015.

Last Agent to Sell the Property

Kyle Talbott

Corcoran Group License #10301207778 Listed on: 10/03/2019

Corcoran Group

Co-Listed By

Scott Sternberg

Corcoran Group License #10401233134

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $394

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 4,182

HOA Fees

  • $351 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Tax Block 5217

Community Details

Overview

  • 12 Units
  • 1702 Newkirk Avenue Condos
  • Ditmas Park Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$394

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$351 per month

Listing Details

  • Cross Street: Newkirk Avenue & East 17th Street
  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Ditmas Park
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 351.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: 1702 Newkirk Avenue
  • Units: 12
  • Total Stories: 6
  • Year Built: 2019

Tax Info

  • Tax Block: 5217
  • Tax Annual: 84.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2024
Sold by
Jiang Chen and Stepahin Jiang Sarah
Bought by
Oddo Timothy S
Current Estimated Value
$1,005,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Outstanding Balance
$784,451
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$202,693

Purchase Details

Listed on
Oct 3, 2019
Closed on
Apr 29, 2020
Sold by
1702 Newkirk Avenue Llc
Bought by
Jiang Chen and Stepahin Sarah A
Seller's Agent
Kyle Talbott
Corcoran Group
List Price
$879,000
Sold Price
$879,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.18%
Original Mortgage
$703,200
Interest Rate
3.6%
Mortgage Type
New Conventional
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
Oddo Timothy S $990,000 --
Jiang Chen $895,042 --
Jiang Chen $895,042 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oddo Timothy S $792,000
Previous Owner Jiang Chen $703,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $879,000 0.0% --
03/31/2020 03/31/20 Pending -- -- --
10/03/2019 10/03/19 For Sale $879,000 -- --
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 $394 $90,547 $7,686 $82,861
2024 $394 $84,554 $7,686 $76,868
2023 $394 $78,319 $7,686 $70,633
2022 $386 $77,552 $7,686 $69,866
2021 $386 $72,001 $7,686 $64,315
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10608025

Real Estate Board of New York (REBNY)

APN: 05217-1012