$653,000
PENDING

197 Bay 47th St Unit 5 Brooklyn, NY 11214

Gravesend Neighborhood

Estimated payment $3,991/month

Total Views 4,233
2 Beds
2 Baths
1,042 Sq Ft
$627 Price per Sq Ft

Highlights

  • Multiple cooling system units
  • Laundry Facilities
  • Secure Lobby

About This Home

Welcome to your new home on a peaceful, tree-lined street — a beautifully maintained 2-bedroom, 2-bathroom condo offering 1,042 sq. ft. of modern comfort in a prime Brooklyn location.Located on the second floor, this bright and airy residence features an open-concept layout with oversized windows that flood the space with natural light. The heart of the home is a fully renovated kitchen, outfitted with sleek quartz countertops, custom cabinetry, and high-end stainless steel appliances, including a dishwasher and gas stove — perfect for both everyday living and entertaining.Both bedrooms are generously sized to accommodate king-size beds and offer excellent closet space. The primary suite includes its own private balcony, an en-suite bathroom, and a jacuzzi tub for a true spa-like retreat. Both bathrooms have been tastefully updated with modern vanities, stylish fixtures, and elegant mirrors.Enjoy your morning coffee or evening wine from two private balconies, offering a serene outdoor escape. For added convenience, the unit includes a dedicated laundry room with a washer, dryer, and extra-large storage closets.Additional features include:Reserved parking spotSecurity cameras in the buildingLow annual property taxes: $4,609Commuters will appreciate the easy access to the Bay 50th Street train station, local bus lines, and nearby highway connections. You'll also enjoy proximity to parks, top-rated schools, shopping, and dining, making this a fantastic location for both convenience and quality of life.This move-in-ready condo is a rare find, combining modern style, practical amenities, and a highly desirable location. Don’t miss your chance to call this stunning property home!

Listing Agent

Angela Staraya

RE/MAX Edge Listed on: 03/22/2025

RE/MAX Edge

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,609

Year Built

  • Built in 2003

Parking

  • 1 Parking Space

Home Design

  • 1,042 Sq Ft Home

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer

Utilities

  • Multiple cooling system units
  • Septic System

Listing and Financial Details

  • Tax Block 6915

Community Details

Overview

  • 7 Units
  • 197 Bay 47Th Street Condos
  • Property managed by Self-Managed

Amenities

  • Laundry Facilities
  • Secure Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,609

Year Built

Built in 2003

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: Cropsey Avenue
  • Down Payment Required: 10
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: No
  • Maintenance Common Fee: 289.00
  • Parking Attributes: 1 Space
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Dishwasher, Dryer, Laundry Area, Microwave, Stove
  • Rooms Total Level1: 3
  • Fill Sq Ft Total: 1042
  • Street Name I D X: Bay 47th
  • Street Number I D X: 197
  • Year Built: 2003
  • Special Features: None

Interior Features

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

Exterior Features

  • Lot Number: 7501

Utilities

  • Air Conditioning Units: 3
  • Utilities: Septic, Sewer, Water

Condo/Co-op/Association

  • Management Company: Self-Managed
  • Manager Phone: 000-000-0000
  • Pets Allowed: Both Cats & Dogs
  • Units In Building: 7

Lot Info

  • Building Project Name: 197 Bay 47th Street

Tax Info

  • Tax Abatement: No
  • Flip Tax Amount: 4609.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,831 $65,121 $1,189 $63,932
2024 $4,831 $51,439 $1,189 $50,250
2023 $4,609 $45,463 $1,189 $44,274
2022 $4,202 $41,914 $1,189 $40,725
2021 $4,186 $38,205 $1,189 $37,016
2020 $1,235 $29,823 $1,189 $28,634
2019 $3,454 $25,935 $1,189 $24,746
2018 $2,506 $18,912 $737 $18,175
2017 $1,745 $17,842 $750 $17,092
2016 $1,052 $16,833 $828 $16,005
2015 $323 $16,833 $847 $15,986
2014 $323 $16,705 $841 $15,864
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Price Changed $653,000 -2.2% $627 / Sq Ft
03/22/2025 03/22/25 For Sale $668,000 -- $641 / Sq Ft
03/22/2025 03/22/25 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $346,788 --
Deed $346,788 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $32,258 Unknown
Closed $51,300 No Value Available
Open $273,600 Purchase Money Mortgage
Closed $273,600 No Value Available
Source: Public Records

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Source: Brooklyn Board of REALTORS®

MLS Number: 490257

Brooklyn Board of REALTORS®

APN: 06915-1005