NOT LISTED FOR SALE

Estimated Value: $548,068 - $654,000

1 Bed
1 Bath
508 Sq Ft
$528/mo HOA Fee

Last Sold September 14, 2023

Last sale price $529,000 $1,041 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,640/month

845 Days on Market

Highlights

  • Rooftop Deck
  • Central Air
  • Laundry Facilities
  • Balcony

About This Home

As of September 2023

Up to 97% financing and/or down payment assistance available.Low Taxes! 421a Abatement in place.Immediate closings - lock into a fixed rate and avoid staggering rent increases! Now over 80% occupied.Residence 5B in The Rutland is a meticulous one-bedroom layout with a balcony!The homes at 401 Rutland have been exquisitely designed by the famed architect Karl Fisher. At 401 Rutland he created both a timeless and modern aesthetic finding just the right balance between new construction and staying true to the area's historic nature, townhomes and tree-lined blocks. As you walk in, you will first notice the over-sized, double-paned Schuco windows, providing plenty of sun while keeping the interiors insulated and the distinctive 7" wide plank, red oak flooring. The kitchens are graced with Samsung appliances, durable Quartz counters, Kohler fixtures and custom cabinetry. Other notable features include solid-core doors, individually controlled heating & cooling and Bluetooth enabled speakers.Residence Features:- Oversized, double pane Schuco windows- 7” wide plank, red oak flooring- Samsung appliance package- Quartz countertop with tile backsplash- Custom cabinetry- Solid core doors- Individual controlled heating and cooling- Kohler fixtures- Bluetooth enabled speakers throughout the apartment Building Amenities:-Tax Abatement*-Indoor deeded parking (subject to availability and fees)-Furnished Common Roof Deck-Common 2nd Floor Terrace-Gym-Personal Storage (subject to availability and fees)-Bike Storage-Video Doorman The Neighborhood:Prospect Lefferts Gardens is one of the most highly sought after neighborhoods in Brooklyn. With a rich history, it is home to Kings Theatre and well-established neighborhood offerings which include a variety of coffee shops, nightlife and restaurants. Some go-tos include PLG Coffee House & Tavern, Daleview Biscuits and Beer and Bar Bayeux. 401 Rutland is also conveniently located just blocks from the 2/5 train. Sponsor reserves the right to make changes, from time to time, in accordance with the offering plan. The complete terms are in an offering plan available from the Sponsor, under New York State Department of Law File No. CD# 180477. Sponsor: NY Lefferts LLC, 35 North Tyson Avenue, Floral Park NY 11001. Equal Housing Opportunity. 3D tour and video reflective of similar unit.*

Last Agent to Sell the Property

Vicario Phillip

MNS License #40PH0996386 Listed on: 03/26/2021

Co-Listed By

Tamar Krasnow

MNS License #40KR0974397

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $387

Year Built

  • Built in 2020

Lot Details

  • 4,574

HOA Fees

  • $528 Monthly HOA Fees

Home Design

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7501 / 4802

Community Details

Overview

  • Prospect Leffert Gdn Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$387

Year Built

Built in 2020

Lot Details

0

HOA Fees

$528 per month

Listing Details

  • Cross Street: Nostrand Avenue/New York Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Prospect Leffert Gdn
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 508.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: Balcony

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: 528.27
  • 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: 6
  • Year Built: 2020

Tax Info

  • Tax Block: 4802
  • Tax Lot: 7501
  • Tax Annual: 387.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Aug 16, 2023
Sold by
Ny Lefferts Llc
Bought by
401 Rutland Llc
Seller's Agent
Vicario Phillip
MNS
List Price
$540,000
Sold Price
$529,000
Premium/Discount to List
-$11,000
-2.04%
Views
17
Current Estimated Value
$581,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,017
Avg. Annual Appreciation
4.66%
Original Mortgage
$347,100
Outstanding Balance
$339,409
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$241,608
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
401 Rutland Llc $543,745 --
401 Rutland Llc $543,745 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 401 Rutland Llc $347,100
Closed 401 Rutland Llc $347,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2023 09/14/23 Sold $529,000 0.0% $1,041 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
03/27/2023 03/27/23 Off Market $529,000 -- --
11/10/2022 11/10/22 Price Changed $529,000 -2.0% $1,041 / Sq Ft
06/28/2022 06/28/22 For Sale $540,000 0.0% $1,063 / Sq Ft
06/28/2022 06/28/22 Off Market $540,000 -- --
03/26/2021 03/26/21 For Sale $529,000 -- $1,041 / 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 $378 $55,891 $4,846 $51,045
2024 $378 $54,108 $4,846 $49,262
2023 $371 $50,810 $4,846 $45,964
2022 $6,004 $49,212 $4,846 $44,366
2021 $5,445 $44,391 $4,846 $39,545
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10887658

Real Estate Board of New York (REBNY)

APN: 04802-1042