NOT LISTED FOR SALE
Studio
3 Baths
3,275 Sq Ft
2,483 Sq Ft Lot

Last Sold December 09, 2021

Last sale price $4,400,000 $1,344 Per Sq Ft

263 Days on Market

About This Home

As of December 2021

The Forray Team @ the Corcoran Group is proud to offer on behalf of Ownership truly rare offering. Introducing the Picture Perfect 209 N8th Street situated one of the premier blocks in the North Side of Williamsburg. Currently set up as a stunning two level professional workspace perfect as a creative studio, professional space that also easily can accommodate higher uses such as F&B, Health & Wellness & Boutique Hotel. It is the very definition of the creative Williamsburg Loft vs Trophy Investment, much sought after, but hardly found. To add the overwhelming allure this has the zoning to be full residential, commercial or mixed use. On a premier block where 5,000SF single-family homes are found a truly unique and value add residential project is most certainly a reality. The existing two-story Loft boasts a massive open space with thoughtfully designed sections that provide character and dimension throughout the building. Filled with light and air, tall ceilings, open staircases, modern touches mixed with exposed brick walls and beamed ceilings. The current build out is perfectly polished and ready for use with full HVAC system, 2 Bathrooms, kitchen, conference rooms, loading dock with curb cut and direct roof access. Currently there is approx. 1,750 SF of direct roof access from the 2nd floor level. The building size is 3,275 SF above grade with 625 SF cellar and an additional ~3,322 SF FAR. The lot is ~2,500 SF measuring 25? wide x 100? deep. Tagged with a Max 2.7 FAR, which yields a development range of up to 6,750 SF. The Zoning is M1-2/R6A/MX-8 which provides the opportunity for full commercial use, mixed use or residential. The sky is the limit. Location is unmatched! The property is between Driggs Avenue & Roebling Street on North 8th Street, sitting in Williamsburg?s premier Residential & Retail Corridors. A block away to the L subway line on Driggs/Bedford Ave, McCarren Park, Domino Park, the East River Ferry, Waterfront and easy access to the Brooklyn-Queens expressway. Some of your neighbors include The Pod Hotel, Hotel Indigo, Apple, Whole Foods, WeWork, Citibank, Flywheel, Equinox, Ghost Fitness, & coming soon are Brooklyn Boulders, The Wing, Trader Joes? There are numerous new developments including hotel, residential, and commercial rising on a daily basis such as the Spitzer Development, 25 Kent Ave Project and Domino Sugar Project. More neighbors include: Starbucks, North Face, Joes Pizza, Juice Generation, Pinkyyotto, Toms, Sephora Studio, Madewell, Lulu Lemon, Shizen, J Crew, Chrome, Levis, G-Star Raw, Pure Barre, Soul Cycle, Supreme, Ralph Lauren.

Last Agent to Sell the Property

Chris Cavorti

Corcoran Group License #10301206385 Listed on: 02/18/2021

Corcoran Group

Co-Listed By

Evan Church

Corcoran Group License #30CH1028181

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1950

Lot Details

  • 2,483

Interior Spaces

  • 3,275 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Air

Community Details

  • Williamsburg Subdivision

Listing and Financial Details

  • Tax Block 2313

Property Details

Home Type

Condominium

Year Built

Built in 1950

Lot Details

2,483 Sq Ft Lot

Listing Details

  • Cross Street: Driggs Avenue & Roebling Street
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Loft
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Living Area: 3275.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Patio/Porch Features: Rooftop

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 100.0 x 25.0

Building Info

  • Units: 1
  • Total Stories: 2
  • Year Built: 1950

Tax Info

  • Tax Block: 2313

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2021
Closed on
Dec 1, 2021
Sold by
209 North 8Th Street Llc
Bought by
Bali Tsun Llc
Seller's Agent
Chris Cavorti
Corcoran Group
List Price
$4,800,000
Sold Price
$4,400,000
Premium/Discount to List
-$400,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,640,000
Outstanding Balance
$2,418,105
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2005
Sold by
Van Brunt Building Corp
Bought by
209 North 8Th Street Llc
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
Bali Tsun Llc $4,400,000 --
Bali Tsun Llc $4,400,000 --
209 North 8Th Street Llc $850,000 --
209 North 8Th Street Llc $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bali Tsun Llc $2,640,000
Closed Bali Tsun Llc $2,640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2021 12/09/21 Sold $4,400,000 -8.3% $1,344 / Sq Ft
11/09/2021 11/09/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $4,800,000 -- $1,466 / 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 $18,293 $202,950 $28,350 $174,600
2024 $18,293 $197,100 $28,350 $168,750
2023 $17,553 $185,850 $28,350 $157,500
2022 $16,791 $169,650 $28,350 $141,300
2021 $14,678 $137,250 $28,350 $108,900
2020 $302 $173,700 $28,350 $145,350
2019 $13,730 $157,950 $28,350 $129,600
2018 $12,282 $142,650 $28,350 $114,300
2017 $10,977 $129,600 $28,350 $101,250
2016 $9,907 $115,650 $28,350 $87,300
2015 $5,462 $107,100 $28,350 $78,750
2014 $5,462 $89,100 $28,350 $60,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10700048

Real Estate Board of New York (REBNY)

APN: 02313-0026

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