NOT LISTED FOR SALE

Estimated Value: $203,108 - $249,000

1 Bed
1 Bath
650 Sq Ft
$348/Sq Ft Est. Value

Last Sold September 10, 2024

Last sale price $200,000 $308 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,402/month

Highlights

  • Intercom to Front Desk
  • Cooling Available
  • Ceramic Tile Flooring
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Resident Manager or Management On Site
  • Heating System Uses Steam

About This Home

As of September 2024

Wonderful property available for sale! The features of the apartment, such as the cozy and bright atmosphere, freshly painted interior, updated kitchen, and upgraded bathroom, make it quite appealing. The art deco style and pre-war building add a unique charm to the property.

Prospective buyers and investors will likely appreciate the high ceilings, hardwood floors, new video intercom system, and the convenience of a new electric panel. The fact that there's no flip tax is also a positive point for potential buyers. Additionally, the ability to sublease from Day 1 with a reasonable sublet fee of $25 per month could attract both investors and users.

The building's stability, with two elevators, a well-maintained laundry room, and a live-in Superintendent, enhances the overall appeal and convenience for residents. The proximity to shopping and transportation is another excellent selling point, making the property even more desirable for potential buyers.

Last Agent to Sell the Property

Lily Milman

Listed on: 03/12/2024

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Co-Op

Parking

  • On-Street Parking

Home Design

  • 650 Sq Ft Home
  • Entry on the 1st floor

Kitchen

  • Stove

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling Available
  • Heating System Uses Steam
  • Septic System

Listing and Financial Details

  • 80 Shares in the Co-Op

Community Details

Overview

  • 70 Units
  • Association Phone (212) 674-6123
  • James Madison Condos
  • Property managed by New Bedford Management
  • Board Approval is Required

Amenities

  • Laundry Facilities
  • Intercom to Front Desk
  • Elevator

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Co-Op

Listing Details

  • Assessment Fee: 73.43
  • Bank Finance Y N U: Yes
  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Board Approval Y N U: Yes
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Co Op Shares: 80.00
  • Cross Street: Avenue R
  • Cross Street Name2: Quentin Rd
  • Fee Includes Assessment Y N: No
  • Flip Tax Fee Type: $
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Maintenance Common Fee: 437.83
  • Parking Attributes: Street
  • Property Sub Type: Coop
  • Prop. Type: Residential
  • Residential Features: A/C Unit, Elevator, Refrigerator, Stove
  • Fill Sq Ft Total: 650
  • Stock Certificate Y N: Yes
  • Street Name I D X: Ocean
  • Sub Lease Yn: Yes
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic, Laminate, Other
  • Entry Floor: 1
  • Pets Allowed: No
  • Basement Type: Apartment

Exterior Features

  • Exterior Building Type: Detached

Utilities

  • Air Conditioning Units: 1
  • Utilities: Heat, Septic, Sewer, Water, Other

Condo/Co-op/Association

  • Management Company: New Bedford Management
  • Manager Phone: 212-674-6123
  • Units In Building: 70

Lot Info

  • Building Project Name: James Madison

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2024 09/10/24 Sold $200,000 -12.3% $308 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $228,000 -- $351 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 -- -- -- --
2024 -- -- -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $159,229 $1,437,300 $239,400 $1,197,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 480500

Brooklyn Board of REALTORS®

APN: 06802-0036A6

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