NOT LISTED FOR SALE

205 Macdougal St Unit 2A Brooklyn, NY 11233

Ocean Hill Neighborhood

Estimated Value: $512,614 - $607,000

1 Bed
1 Bath
571 Sq Ft
$255/mo HOA Fee

Last Sold May 25, 2022

Last sale price $445,000 $779 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,625/month

319 Days on Market

Highlights

  • Entrance Foyer
  • 4-minute walk to Rockaway Avenue (A,C Line)
  • 3-minute walk to Marion Hopkinson Playground
  • Central Air

About This Home

As of May 2022

SIGNIFICANT PRICE IMPROVEMENT! DEAL FELL THROUGH! While new condos seem to pop up on every corner of the neighborhood these days, 205 Macdougal was one of the first ground-up new construction projects when it finished in 2017. Now joined by developments on Herkimer, Sumpter, even Macdougal, this is one that has seen the area rise around it! The first resale in the building is only taking place because the seller has accepted a job in another state and does not want the responsibility of owning a rental despite what would be an excellent cap rate in an appreciating market. That said, the opportunity is now yours to own for barely more than was paid for the space, and for less then renting a comparable home would cost! Improvements have been made to the space after purchase, including California Closets, Electric Shades, and Stacking Washer/Dryer. first one bedroom resale at 205 Macdougal in booming Ocean Hill, Brooklyn. One of the last neighborhoods where you can find affordable homes with restaurants, coffee shops, and nightlife just around the corner. While larger condominiums are going up around the corner, 205 Macdougal is only 8 units in total so you'll you actually know your neighbors! The space has been improved since the building was completed, with the addition of a washer/dryer and California closets to help with storage. Now that Bed Stuy is the 3rd coolest neighborhood in the country according to various magazines and blogs, we're starting to see infrastructure. Everything from pizza shops with imported soda (Cuts and Slices) to a coffee shop with a liquor license up the street (Daily Press). People used to think it was crazy to purchase past Nostrand Avenue, yet here we are! Transportation options abound with the Rockaway Ave. A/C train located just 2.5 blocks away, plus the JMZ nearby at Chauncey Street and the L train at Bushwick Ave.

Co-Listed By

Grant Braswell

Compass License #10301213920

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,800

Year Built

  • Built in 2018

HOA Fees

  • $255 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 571 Sq Ft Home
  • 4-Story Property
  • Entrance Foyer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Community Details

  • Ocean Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 60 / 1527

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,800

Year Built

Built in 2018

Lot Details

0

HOA Fees

$255 per month

Listing Details

  • Cross Street: Thomas S Boyland Street/Rockaway Avenue
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Ocean Hill
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 571.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 255.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 25.0 x 100.0

Building Info

  • New Construction: No
  • Total Stories: 4
  • Year Built: 2018

Tax Info

  • Tax Block: 1527
  • Tax Lot: 60
  • Tax Annual: 4800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
May 20, 2022
Sold by
Fried Emma Claire and Gaetano Nicholas
Bought by
Chen Ziqing
List Price
$445,000
Sold Price
$445,000
Current Estimated Value
$546,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,404
Avg. Annual Appreciation
5.75%
Original Mortgage
$356,000
Outstanding Balance
$337,734
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$208,670

Purchase Details

Listed on
Feb 5, 2018
Closed on
Feb 14, 2019
Sold by
Whitestone 205 Macdougal Llc
Bought by
Fried Emma Claire and Gaetano Nicholas
Seller's Agent
Mathew Krem
Corcoran Group
List Price
$439,000
Sold Price
$459,000
Premium/Discount to List
$20,000
4.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.94%
Original Mortgage
$390,150
Interest Rate
4.4%
Mortgage Type
Unknown
Source: Public Records
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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
Chen Ziqing $445,000 --
Fried Emma Claire $445,146 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Ziqing $356,000
Previous Owner Fried Emma Claire $390,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2022 05/25/22 Sold $445,000 0.0% $779 / Sq Ft
05/26/2021 05/26/21 For Sale $445,000 -3.1% $779 / Sq Ft
02/14/2019 02/14/19 Sold $459,000 +4.6% $804 / Sq Ft View Prior Sale
05/15/2018 05/15/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $439,000 -- $769 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $5,637 $54,090 $13,050 $41,040
2024 $5,637 $45,090 $13,050 $32,040
2023 $5,995 $48,870 $13,050 $35,820
2022 $4,847 $48,015 $13,050 $34,965
2021 $5,715 $56,475 $13,050 $43,425
2020 $6,836 $54,810 $13,050 $41,760
2019 $6,442 $51,075 $13,050 $38,025
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10773046

Real Estate Board of New York (REBNY)

APN: 01527-1003