$650,000
SOLD AUG 28, 2025

197 Bay 47th St Unit 5 Brooklyn, NY 11214

Gravesend Neighborhood
2 Beds
2 Baths
1,042 Sq Ft
2003 Built

Recently Sold

$624 Per Sq Ft

3% Below List Price

Highlights

  • Multiple cooling system units
  • Laundry Facilities
  • Secure Lobby

About This Home

As of August 2025

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 spot
Security cameras in the building
Low annual property taxes: $4,609
Commuters 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!

Last Agent to Sell the Property

Angela Staraya

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

RE/MAX Edge

Last Buyer's Agent

Karina Umarova

Top Nest Inc

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
  • Entry on the 2nd floor

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2025
Closed on
Aug 28, 2025
Sold by
Starchak Vira
Bought by
Pavlykivska Oleksandra and Pavlykivskyi Oleksandr
Seller's Agent
Angela Staraya
RE/MAX Edge
Buyer's Agent
Karina Umarova
Top Nest Inc
List Price
$668,000
Sold Price
$650,000
Premium/Discount to List
-$18,000
-2.69%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.61%
Original Mortgage
$520,000
Outstanding Balance
$520,000
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$144,461

Purchase Details

Closed on
Oct 12, 2004
Sold by
Jasmine-Ray Holding Corp
Bought by
Starchak Vira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,300
Interest Rate
5.74%
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 Type Sale Price Title Company
Deed $650,000 --
Deed $346,788 --
Deed $346,788 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $520,000 Purchase Money Mortgage
Previous Owner $51,300 No Value Available
Previous Owner $273,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 Sold $650,000 -0.5% $624 / Sq Ft
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®

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 $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

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 490257

Brooklyn Board of REALTORS®

APN: 06915-1005