NOT LISTED FOR SALE

Estimated Value: $500,333 - $700,000

1 Bed
1 Bath
700 Sq Ft
2007 Built

Last Sold January 24, 2022

Last sale price $465,000 $664 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,946/month

Highlights

  • Part-Time Doorman
  • 3-minute walk to 45 Street
  • Bike Room
  • Wood Flooring
  • Elevator
  • Handicap Accessible

About This Home

As of January 2022

Introducing this cozy condo with an elevator in Sunset Park! This 563 sqft space features 1 bedroom, 1 extra recreational room, a living/dining room combo, kitchen, and a full bath. Both rooms have A/C units within the walls below the windows. This apartment is well kept and well maintained. Comes with the option of one indoor parking space for an additional cost of $60,000. The common maintenance fee is $336.93 a month and includes cold/hot water and heat. SUPER LOW property tax at $242.52 due to abatement until 2032 (11 years left). Conveniently located between 4th and 5th ave near many eateries, shopping both retail and grocery, places of worship, public playgrounds (Sunset Park & Sunset Pool), and public transportation (B63 Bus & D,N,Q,R,W Trains @ 36th St Station). A good school district with assigned schools like PS 172, PS 131 & JHS 220. How convenient is that? Come see it yourself, call for a showing now!

Last Agent to Sell the Property

Chao Wang

Momentum Real Estate LLC Listed on: 09/19/2021

Last Buyer's Agent

Chao Wang

Momentum Real Estate LLC Listed on: 09/19/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $243

Year Built

  • Built in 2007

Parking

  • 1 Parking Space

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 700 Sq Ft Home
  • Wood Flooring

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Handicap Accessible
  • Multiple cooling system units

Listing and Financial Details

  • Tax Block 724
  • Property eligible for a tax abatement

Community Details

Overview

  • 31 Units
  • Association Phone (212) 693-2828
  • 42Nd St Towers Condominium Condos
  • Property managed by Century 21 New Golden Age Realty Inc

Amenities

  • Part-Time Doorman
  • Laundry Facilities
  • Elevator
  • Bike Room

Property Details

Home Type

Condominium

Est. Annual Taxes

$243

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Additional Fee Includes: Parking
  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4th Ave
  • Cross Street Name2: 5th Ave
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Maintenance Common Fee: 336.93
  • Negotiate Thru: Broker
  • Parking Attributes: 1 Space
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Elevator, Microwave, Refrigerator, Stove
  • Fill Sq Ft Total: 700
  • Street Name I D X: 42nd
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Hardwood
  • Entry Floor: 1
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 1008

Utilities

  • Air Conditioning Units: 2
  • Utilities: Heat, Water

Condo/Co-op/Association

  • Management Company: Century 21 New Golden Age Realty Inc
  • Manager Phone: 212-693-2828
  • Pets Allowed: See Agent
  • Units In Building: 31

Fee Information

  • Additional Fee: 44.83

Lot Info

  • Building Project Name: 42nd St Towers Condominium

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 242.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2021
Closed on
Jan 24, 2022
Sold by
Chou Chen-En James and Li Zhuo Wen
Bought by
Chen Zhen Cheng and Lin Yan Hua
Seller's Agent
Chao Wang
Momentum Real Estate LLC
Buyer's Agent
Chao Wang
Momentum Real Estate LLC
Sold Price
$465,000
Current Estimated Value
$559,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,833
Avg. Annual Appreciation
4.81%
Original Mortgage
$186,000
Outstanding Balance
$172,055
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$387,778

Purchase Details

Closed on
May 28, 2010
Sold by
420 42Nd Street Realty Llc
Bought by
Chou Chen-En James and Li Zhuo Wen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Zhen Cheng $465,000 --
Chen Zhen Cheng $465,000 --
Chou Chen-En James $266,682 --
Chou Chen-En James $266,682 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Zhen Cheng $186,000
Closed Chen Zhen Cheng $186,000
Previous Owner Chou Chen-En James $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2022 01/24/22 Sold $465,000 -- $664 / Sq Ft
09/19/2021 09/19/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $247 $43,487 $3,251 $40,236
2024 $247 $41,065 $3,251 $37,814
2023 $243 $40,036 $3,251 $36,785
2022 $242 $38,869 $3,251 $35,618
2021 $243 $33,361 $3,251 $30,110
2020 $247 $37,489 $3,251 $34,238
2019 $249 $36,084 $3,251 $32,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 455687

Brooklyn Board of REALTORS®

APN: 00724-1008