$400,000
SOLD MAY 28, 2025
-- Bed
0.5 Bath
750 Sq Ft
$408/mo HOA Fee

Recently Sold

$533 Per Sq Ft

9% Below List Price

106 Days on Market

Highlights

  • Central Air
  • No Heating
  • 4-minute walk to McGolrick Playground
  • South Facing Home

About This Home

As of May 2025

Price adjustment for Unit 502 at 231 Norman Avenue aka the Greenpoint Lofts -- a commercial condo building in prime north Brooklyn with a recently redone exterior, a full-time super, low common charges, lower taxes, and a fantastic 10k SF roof deck with 360-degree views.

Unit 502 was fully renovated less than five years ago and is currently utilized as a luxury photography studio and office. It features 13.5’ ceilings, large windows facing south that bring in tons of light with unobstructed views, and a clean layout that could work for many different types of end-users – artist’s studio, creative office, showroom, etc. – or for investors looking at the long-term appreciation in the area. Financially, this condo presents a sensible investment with total expenses of ~$550/month between common charges and taxes, ensuring manageable overhead costs moving forward.

Feel free to reach out with additional questions or to schedule a showing at your convenience.

Last Agent to Sell the Property

Nathan Horne

Compass License #10301210236 Listed on: 01/28/2025

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1913

HOA Fees

  • $408 Monthly HOA Fees

Home Design

  • 750 Sq Ft Home
  • Entry on the 5th floor

Utilities

  • Central Air
  • No Heating

Additional Features

  • 0.5 Bathroom
  • South Facing Home

Community Details

  • 68 Units
  • Greenpoint Subdivision
  • 5-Story Property

Listing and Financial Details

  • Legal Lot and Block 1058 / 02629

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,860

Year Built

Built in 1913

Lot Details

0

HOA Fees

$408 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Greenpoint
  • Architectural Style: Loft
  • Entry Level: 5
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Fireplace: No
  • Living Area: 750.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

  • Half Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • View: No
  • Exterior Features: Private Outdoor Space Under 60 Sqft

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 408.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 126.250000x120.000000

Building Info

  • New Construction: No
  • Units: 68
  • Total Stories: 5
  • Year Built: 1913

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 02629
  • Tax Lot: 1058
  • Tax Annual: 1860.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2025
Closed on
May 28, 2025
Sold by
White Landscapes Llc
Bought by
Plorge Properties Llc
Seller's Agent
Nathan Horne
Compass
List Price
$440,000
Sold Price
$400,000
Premium/Discount to List
-$40,000
-9.09%
Views
19
Current Estimated Value
$401,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,480
Avg. Annual Appreciation
1.24%

Purchase Details

Closed on
May 27, 2016
Sold by
Bio Cellular Properties Inc
Bought by
White Landscapes Llc

Purchase Details

Closed on
Jun 27, 2008
Sold by
231 Norman Avenue Property Development L
Bought by
Bio Cellular Properties Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $400,000 --
Deed $420,000 --
Deed $262,708 --
Deed $262,708 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Sold $400,000 -5.9% $533 / Sq Ft
05/14/2025 05/14/25 Pending -- -- --
03/18/2025 03/18/25 Price Changed $425,000 -3.4% $567 / Sq Ft
01/28/2025 01/28/25 For Sale $440,000 -- $587 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $2,943 $69,499 $3,550 $65,949
2024 $2,943 $66,421 $3,550 $62,871
2023 $2,314 $58,483 $3,550 $54,933
2022 $1,705 $55,068 $3,550 $51,518
2021 $406 $46,041 $3,550 $42,491
2020 $39 $57,332 $3,550 $53,782
2019 $984 $57,332 $3,550 $53,782
2018 $833 $50,166 $3,550 $46,616
2017 $833 $46,157 $3,550 $42,607
2016 $838 $46,133 $3,550 $42,583
2015 $616 $46,634 $3,549 $43,085
2014 $616 $41,684 $3,550 $38,134
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11031253

Real Estate Board of New York (REBNY)

APN: 02629-1058