NOT LISTED FOR SALE

40 Lexington Ave Unit 1B Brooklyn, NY 11238

Clinton Hill Neighborhood

Estimated Value: $1,799,000 - $2,294,000

2 Beds
2.5 Baths
1,828 Sq Ft
$276/mo HOA Fee

Last Sold March 16, 2020

Last sale price $1,650,000 $903 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $13,202/month

340 Days on Market

Highlights

  • New Construction
  • 4-minute walk to Classon Avenue
  • Garden
  • Intercom
  • Patio
  • 2-minute walk to Cuyler Gore Park

About This Home

As of March 2020

40 Lexington Avenue, #1B is a massive 1,828 square foot two bedroom, two and a half bathroom duplex home with a private entrance and three private outdoor spaces. Upon entering this home you are immediately struck by gorgeous oak floors, tall ceilings and oversized floor to ceiling windows. The striking designer kitchen has top of the line appliances including a Smeg five burner stove and Liebherr extra tall refrigerator. There is a large Carrera marble island that opens to your spacious living room which boasts a gas fireplace with marble accents. The master bedroom has an en-suite bathroom, large closet, oversized windows and a beautiful glass door that leads to your large private garden oasis. The second spacious bedroom also has oversized windows and a generous closet. The lower half of this duplex home is an enormous sunny rec room. It is accented with the most beautiful herringbone floors, more oversized windows, gorgeous half bath, storage and access to a secluded private deck as well as access to your private garden. In addition, this masterpiece boasts another full bathroom, central air and washer/dryer hook up. 38-44 Lexington Avenue is a stately twelve unit new development located in historic Clinton Hill. This impressive building is comprised of two bedroom homes, two bedroom garden duplex homes with rec rooms and private yards and three bedroom duplex penthouses with two private roof top terraces. Each carefully designed home has its own private entrance and is outfitted with striking hardwood oak floors, oversized floor to ceiling widows, designer kitchen and bathrooms, gas fireplace, washer/dryer hook-up, high ceilings and private storage. Dont miss the opportunity to be a part of Clinton Hills newest and most exciting new development opportunity!The complete offering terms are in an offering plan available from Sponsor. File No. CD# 160274. Co-Sponsors: 38 Lexington Avenue LLC, 2977 Avenue S, Brooklyn, NY 11229 & Kelly Six Star LLC, 974 East 18th Street, Brooklyn, NY 11230. Equal Housing Opportunity.

Last Agent to Sell the Property

Kelly Neinast

Corcoran Group License #10301200640 Listed on: 03/11/2019

Corcoran Group

Co-Listed By

Kristin Neinast O'Brien

Corcoran Group License #40NE1044501

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,268

Year Built

  • Built in 2019 | New Construction

HOA Fees

  • $276 Monthly HOA Fees

Interior Spaces

  • 1,828 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Patio
  • Garden
  • Central Air

Listing and Financial Details

  • Tax Block 1969

Community Details

Overview

  • 3 Units
  • Clinton Hill Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,268

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$276 per month

Listing Details

  • Cross Street: Classon Avenue & Grand Avenue
  • Exposures: North,South
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Clinton Hill
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 1828.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

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

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 276.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 3
  • Total Stories: 3
  • Year Built: 2019

Tax Info

  • Tax Block: 1969
  • Tax Annual: 5268.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2019
Closed on
Mar 18, 2020
Sold by
Kelly Six Star Llc
Bought by
Heide Erin D and Sherlock James M
Seller's Agent
Kelly Neinast
Corcoran Group
List Price
$1,799,000
Sold Price
$1,650,000
Premium/Discount to List
-$149,000
-8.28%
Current Estimated Value
$2,077,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,536
Avg. Annual Appreciation
4.32%
Original Mortgage
$1,320,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Heide Erin D $1,650,000 --
Heide Erin D $1,650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heide Erin D $1,320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2020 03/16/20 Sold $1,650,000 -8.3% $903 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
03/11/2019 03/11/19 For Sale $1,799,000 -- $984 / 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 $19,270 $163,129 $51,638 $111,491
2024 $19,270 $160,651 $51,638 $109,013
2023 $13,742 $172,952 $51,638 $121,314
2022 $11,202 $143,851 $51,638 $92,213
2021 $11,138 $148,671 $51,638 $97,033
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10603577

Real Estate Board of New York (REBNY)

APN: 01969-1404