NOT LISTED FOR SALE

305 E 140th St Unit 5A Bronx, NY 10454

Mott Haven Neighborhood

Estimated Value: $508,000 - $1,328,000

3 Beds
1 Bath
1,981 Sq Ft
$1,050/mo HOA Fee

Last Sold March 29, 2022

Last sale price $1,195,000 $603 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $7,559/month

201 Days on Market

Highlights

  • City View
  • 4-minute walk to 3 Avenue-138 Street
  • Laundry Facilities
  • Pre War Building
  • Entrance Foyer

About This Home

As of March 2022

Open house by appointment only. Contact the listing agent for more information and to schedule an appointment.

A very rare opportunity to own an authentic NYC residential loft. With a sprawling 1,981-square-feet, and set in the heart of Mott Haven, this beautiful home features 100-year-old original maple floors, 12-foot ceilings, exposed brick walls, and exposed original wooden beams and columns.

Unit 5A is a top-floor corner loft flooded by natural light that pours in through a 35-foot wall of south-facing windows including additional windows in the bedrooms facing East. Residents will enjoy abundant space and feel comfortable while also being able to work from home. This loft is ideal for a live/work buyer or anyone looking to own a unique, special, and creative space.

Units at Bronx Bricks benefit from significantly low utility bills. Solar panels housed on the building's roof help to negate the electrical bills for all the unit owners (for this unit, a $119 electric bill is average). Common charges are only $1,050 and heat is included. A J-51 tax abatement is in effect for the next five years.

This loft offers a spacious living area, work area, and dining area, and two generously sized bedrooms as well as a third room which is used as a den and workout area. The open kitchen features a breakfast bar, stainless steel appliances, and a dishwasher. There is ample room for a washer/dryer to be installed if needed.

Originally built as a sewing factory, Bronx Bricks is an authentic NYC loft that was converted to condominium in 2008. The building is equipped with a large elevator, free laundry room, and a deeded 345 square-foot storage unit in the basement. Free bike storage is also available. Additionally, the building features a fantastic art gallery on the ground floor, Bronx Art Space which features some of NYC's most talented burgeoning artists.

It is truly almost impossible to find a residential loft such as this anymore in NYC for under $2M.

The building's proximity to transportation is fantastic and a Manhattan-commuter's dream: 25 minutes to Grand Central via the 4 and 5 express trains at 138th Street/Grand Concourse; the 6 local train is 2 short blocks away at 138th Street in front of the 40th precinct station house. The number 2 express train is located at 149th Street and Third Avenue.

For commuters heading north and into Westchester County and Connecticut, or simply heading out of The City, the Metro-North station hub at 125th Street is one train stop away or a taxi can also get you to the Yankees-E 153rd Street Metro-North stop in 5 minutes.

The Mott Haven branch of the New York Public Library is just a few doors down. Alexander Avenue, which was nicknamed as 'Bedford 2.0', is just at the end of the block, with rows of highly coveted brownstones and historic district.

Mott Haven has recently exploded with new development, investor interest, and renovation along the Harlem River. Over 3,000 luxury rental units are coming online in the next 5 years. Historic townhouses are selling very fast. New restaurants, bars, art galleries, and coffee shops are opening every month. This is truly an exciting time to be in the South Bronx.

Last Agent to Sell the Property

John McGuinness

Compass License #10301214564 Listed on: 06/16/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $924

Year Built

  • Built in 1904

HOA Fees

  • $1,050 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 1,981 Sq Ft Home
  • Entrance Foyer
  • City Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System

Listing and Financial Details

  • Legal Lot and Block 7501 / 2315

Community Details

Overview

  • Mott Haven Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$924

Year Built

Built in 1904

Lot Details

0

HOA Fees

$1,050 per month

Listing Details

  • Cross Street: Alexander Avenue/3rd Avenue
  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Mott Haven
  • Architectural Style: Prewar
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Features: Dining Area, Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1981.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Window Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1050.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 5
  • Year Built: 1904

Tax Info

  • Tax Block: 2315
  • Tax Lot: 7501
  • Tax Annual: 924.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Mar 28, 2022
Sold by
Allen-Lamphere Peter and Allen-Lamphere Reniqua
Bought by
Morel Suzanne and O'Neill Michael
Seller's Agent
John McGuinness
Compass
List Price
$1,195,000
Sold Price
$1,195,000
Current Estimated Value
$1,074,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$120,277
Avg. Annual Appreciation
-3.57%
Original Mortgage
$908,000
Outstanding Balance
$858,615
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$195,924

Purchase Details

Closed on
Apr 15, 2021
Sold by
Lamphere Peter
Bought by
Allen- Lamphere Peter and Allen- Lamphere Reniqua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2008
Sold by
Bronx Bricks Condominium
Bought by
Lamphere Peter
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Morel Suzanne $1,135,000 --
Morel Suzanne $1,135,000 --
Allen- Lamphere Peter -- --
Allen- Lamphere Peter -- --
Lamphere Peter $789,144 --
Lamphere Peter $789,144 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morel Suzanne $908,000
Closed Morel Suzanne $908,000
Previous Owner Allen- Lamphere Peter $650,000
Previous Owner Lamphere Peter $1,754
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2022 03/29/22 Sold $1,195,000 0.0% $603 / Sq Ft
06/16/2021 06/16/21 For Sale $1,195,000 -- $603 / 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 $8,387 $85,833 $2,815 $83,018
2024 $8,387 $92,966 $2,815 $90,151
2023 $4,713 $92,293 $2,815 $89,478
2022 $2,681 $89,767 $2,815 $86,952
2021 $2,920 $86,256 $2,815 $83,441
2020 $987 $96,132 $2,815 $93,317
2019 $788 $90,700 $2,815 $87,885
2018 $2,438 $83,732 $2,815 $80,917
2017 $2,313 $71,660 $2,815 $68,845
2016 $2,220 $69,411 $2,815 $66,596
2015 -- $62,936 $2,815 $60,121
2014 -- $54,980 $2,815 $52,165
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10762833

Real Estate Board of New York (REBNY)

APN: 02315-1012