NOT LISTED FOR SALE

Estimated Value: $1,958,000 - $2,282,848

3 Beds
2 Baths
-- Sq Ft
$428/mo HOA Fee

Last Sold November 24, 2020

Last sale price $2,250,000

Est. 5% decrease in value since last sale

Current estimated payment $12,467/month

193 Days on Market

Highlights

  • City View
  • Pre War Building
  • 2-minute walk to J.J. Byrne Playground
  • P.S. 321 William Penn Rated A
  • Central Air

About This Home

As of November 2020

Introducing 423 Third Street, an outstanding collection of four newly completed luxury condominium residences located on one of the most desirable treelined blocks in Park Slope. The residences' interiors were masterfully renovated and imbued with a timeless yet modern beauty and craftsmanship incorporating the finest finishes and materials as no detail was overlooked. Similarly, each unit layout was thoughtfully constructed to address the needs for a home that has a functional design, exceptional light and space.

All of 423 Third Street residences offer wide plank engineered hardwood flooring throughout, Mitsubishi Hyper Heat and central air conditioning dual systems, full size Samsung washer and vented gas dryers and video intercom systems. Fully equipped, expansive kitchens are handsomely outfitted with dramatic gray and white veined Calacatta Laza Quartz countertops with matching slab backsplashes, integrated custom kitchen cabinetry and feature large peninsulas with waterfall edges for dining and prep, deep stainless steel sinks with Grohe fixtures, Wolf stainless steel gas ranges with professional level ventilation and LED lighting, Bosch dishwashers and Subzero refrigerators. Master bathrooms are spacious, spa-like sanctuaries, furnished with floor to ceiling large format porcelain tile, glass enclosed Kohler showers with chrome rain shower head and body sprays systems, Kohler sinks, Toto toilets and elegant marble vanity countertops. Secondary bathrooms similarly include a suite of Kohler and Toto fixtures including Jacuzzi bathtub and custom-made vanities. Select units with powder rooms were designed with tiled accent walls and Kohler and Toto fixtures.

Residence 3 is an exceptionally designed two bedroom two bathroom home with a bonus room that can easily serve as a third bedroom, study or home office and features an enviable private 660 square foot roof deck. Upon entry, you are greeted with an impeccably styled kitchen with sleek custom cabinetry and a suite of the best appliances set to please any discerning chef and will certainly get your entertaining off to the perfect start. A spacious open style living/dining room with 9'6' ceilings serves as the heart of the home encouraging entertainment and leisure and showcases oversized windows that overlook peaceful Third Street and flood the apartment with natural southern light. As you make your way down the hall toward the bedroom wing of the residence, you will notice the exceptional depth of the building which spans a full sixty three feet in length, atypical of most brownstone condominiums which reflects the remarkable space the apartment has to offer. You then enter a spacious master bedroom: a haven of elevated calm with customized walk in closet and a sumptuous en suite master bath with huge walk in shower. An additional well-proportioned bedroom with a deep closet lays adjacent to the master bedroom. A second full bathroom with jacuzzi bathtub and dual vanity custom sinks, a fully vented washer/dryer and two storage closets complete this area of the home. There is also a bonus room off of the living room with a deep closet that can serve as a third bedroom, study, home office or as a room that best meets your personal needs. Make your way up to the roof of the building where you have your own 660 sq. private roof deck with the most incredible panoramic views of all Downtown Manhattan and Brooklyn. Enjoy warm days basking in the sun, weekend get togethers with family and friends and quiet nights dining al fresco on this expansive private outdoor enclave.

The modern, tailored finishes and expansive sizes of the condominiums at 423 Third Street coupled with their low monthlies, anticipated J51 tax abatement, the serenity of quiet, bucolic tree lined Park Slope streets, close proximity to transportation and excitement of a vibrant neighborhood full of the best schools, restaurants and boutique stores make these residences an ideal place to call home.

This is not an offering plan. The complete offering terms are in an offering plan available from the sponsor. Sponsor reserves the right to make changes in accordance with the offering plan File No. CD19-0232

Last Agent to Sell the Property

Tom Salzano

Compass License #40SA1002031 Listed on: 02/05/2020

Compass

Co-Listed By

Christine Blackburn

Compass License #30BL1044983

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,656

Year Built

  • Built in 1920

Lot Details

  • 2,091

HOA Fees

  • $428 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 4-Story Property
  • City Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Community Details

  • Park Slope Subdivision

Listing and Financial Details

  • Legal Lot and Block 46 / 975

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,656

Year Built

Built in 1920

Lot Details

0

HOA Fees

$428 per month

Listing Details

  • Cross Street: 5th Avenue/6th Avenue
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Architectural Style: Prewar
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

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

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes

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: 428.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 21.0 x 100.0

Building Info

  • New Construction: No
  • Total Stories: 4
  • Year Built: 1920

Tax Info

  • Tax Block: 975
  • Tax Lot: 46
  • Tax Annual: 1656.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Nov 24, 2020
Sold by
Third Street Capital 423 Llc
Bought by
Chou Timothy and Reyes Maridel
Seller's Agent
Tom Salzano
Compass
List Price
$2,250,000
Sold Price
$2,250,000
Current Estimated Value
$2,134,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$115,038
Avg. Annual Appreciation
-1.10%
Original Mortgage
$1,540,000
Outstanding Balance
$1,376,620
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$758,342
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
Chou Timothy $2,118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chou Timothy $1,540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $2,250,000 0.0% --
08/17/2020 08/17/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $2,250,000 -- --
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 $5,142 $265,726 $65,813 $199,913
2024 $5,142 $221,401 $65,813 $155,588
2023 $4,754 $184,501 $65,813 $118,688
2022 $4,473 $181,351 $65,813 $115,538
2021 $4,371 $213,413 $65,813 $147,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10624166

Real Estate Board of New York (REBNY)

APN: 00975-1403