NOT LISTED FOR SALE

Estimated Value: $1,825,000 - $2,137,672

2 Beds
2.5 Baths
2,410 Sq Ft
1899 Built

Last Sold August 23, 2019

Last sale price $2,250,000 $934 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $11,674/month

158 Days on Market

Highlights

  • Built in 1899 | Newly Remodeled
  • 3-minute walk to Marcy Avenue
  • Central Air
  • Pre War Building
  • Garden
  • 2-minute walk to Strawberry Playground

About This Home

As of August 2019

Built with great care and attention to details, this reconstructed 4 Unit Condominium in Williamsburg sets a new standard in luxury design and living while remaining environmentally conscious with the ultra-energy efficient Passive House quality construction. 331 South 5th Street Condominium, a 4 story townhouse, was completely rebuilt and made into four special condominiums with exceptional quality of construction, huge outdoor spaces and gracious living. This stunning 2.5 bedroom, 2.5 bathroom Garden Duplex features 2,410 sqft of grand interior space, in addition to a 992 sqft unique 3 tiered garden. Impeccably designed, this unrivaled dwelling starts from the front deck leading to its own separate entrance that opens onto a spacious grand room with an enormous chef kitchen featuring an electric fireplace. The chef kitchen is accentuated by a custom walnut cabinetry that frames top of the line package of appliances including Bosch, Viking convection cook top and carrera marble countertops. Further down the gallery is a beautifully designed bathroom with a deep soaking tub featuring an imported Italian porcelain tiles with a custom built vanity. Further down the hallway is a light filled guest or second bedroom that opens onto a deck leading out to a 3 tiered backyard an oasis perfect for entertaining, relaxing or tending to your garden. Adjacent to the second bedroom is a spacious master en suite with a custom designed, spa-like full bath with a deep soaking tub and a standing shower and a custom built walnut vanity with marble countertops.Downstairs is an enormous, one-of-a-kind great room with soaring 15 foot ceilings ready to be fashioned into the space of your dreams. This voluminous and breathtaking space has floor to ceiling glass walls with doors that lead back to your private garden. There is a half bath and laundry room with a washer and dryer hook up completing this level. Its truly a space to be admired in person.Outfitted with the latest smart home technology and wide plank white oak wood floors on the upper duplex, the lower level incorporates large format tiles for that sleek and seamless loft feel. With the exceptional 15 foot height, aerial designs and work of arts are easily incorporated in this rare space.Made in the Nordic architectural style of Passive House standards, 331 South 5th Street Condominium makes great strides to reduce its carbon footprint. Well insulated for the entire apt with triple-glazed windows allow your home to be both quiet and extremely energy efficient year round. Additionally, each unit at 331 South 5th Street Condominium is heated and cooled by split unit AC/ Heating system in addition to a German engineered Zehndar air filtration & fresh air circulating system. This property is not only the link between luxury designs and efficient modern living it is also a fantastic and sound investment with a 15 year J-51 tax abatement coupled with low common charges and low costs for energy consumption. 331 South 5th Street Condominium sits on a quiet, tree lined block just minutes from all the culture, venerable restaurants and nightlife Williamsburg has to offer. A perfect spot for transportation, it is 1 block away from the JMZ subway, one stop to Manhattan. It is also blocks away to the L and G trains as well as easy access to the Williamsburg Bridge. The complete offering terms are in an offering plan available from sponsor File NO. CD-17-0337

Last Agent to Sell the Property

Tom Le

Corcoran Group License #30LE0964704 Listed on: 02/15/2019

Corcoran Group

Co-Listed By

Edwin Chung

Corcoran Group License #40CH1044258

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1899 | Newly Remodeled

HOA Fees

  • $681 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 2,410 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Garden
  • Central Air

Community Details

  • 4 Units
  • Williamsburg Subdivision

Property Details

Home Type

Condominium

Year Built

Built in 1899 | Newly Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$681 per month

Listing Details

  • Cross Street: Keap Street & Rodney Street
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Prewar
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Living Area: 2410.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Garden

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: 681.47
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: Yes
  • Units: 4
  • Total Stories: 3
  • Year Built: 1899

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2024
Sold by
Kuwayama Rakuko
Bought by
Kuwayama Trustee Rakuko and Revocable Trust Of Rakuko Kuwayama Dtd 2
Current Estimated Value
$2,013,918

Purchase Details

Listed on
Feb 15, 2019
Closed on
Aug 23, 2019
Sold by
331 South 5Th Llc
Bought by
Kuwayama Rakuko and Kuwayama Tadaaki
Seller's Agent
Tom Le
Corcoran Group
List Price
$2,300,000
Sold Price
$2,250,000
Premium/Discount to List
-$50,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.67%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 Buyer Sale Price Title Company
Kuwayama Trustee Rakuko -- --
Kuwayama Trustee Rakuko -- --
Kuwayama Rakuko $2,270,531 --
Kuwayama Rakuko $2,270,531 --
Kuwayama Rakuko $2,270,531 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2019 08/23/19 Sold $2,250,000 -2.2% $934 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $2,300,000 -- $954 / 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 $4,788 $278,141 $31,928 $246,213
2024 $4,788 $231,839 $31,928 $199,911
2023 $4,721 $193,199 $31,928 $161,271
2022 $3,307 $189,784 $31,928 $157,856
2021 $4,201 $151,768 $31,928 $119,840
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10549396

Real Estate Board of New York (REBNY)

APN: 02449-1001

Your Personal Tour Guide

Ask me questions while you tour the home.