NOT LISTED FOR SALE

Estimated Value: $4,236,316

3 Beds
2.5 Baths
4,750 Sq Ft
$892/Sq Ft Est. Value

Last Sold February 05, 2019

Last sale price $3,600,000 $758 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $25,724/month

114 Days on Market

About This Home

As of February 2019

A rare find, 48 Dobbin Street is a converted 1930's warehouse with private garage on a quiet street on the border of Williamsburg and Greenpoint. Zoned M1, the interior square footage totals approx. 4,800 sqft and spans two full 25'x95' floors on a 25' x105' lot. Inside is a huge and meticulously finished open plan loft residence with 2-3 bedrooms and art studio with 11'2" ceilings over a professional music studio and a garage on the main floor. Beyond the professional studio, the entire building has been gut renovated including a water filtration system, dual independent HVAC systems, and updated electric and plumbing.

The first floor is comprised of approximately 2,400 sqft with a roll front gated garage, tons of storage, a half bath and 10' beamed ceilings throughout. The professional recording studio occupies the remaining half of the floor. A control room measures 20' x 18' with a 32' x 25' "live room" and additional equipment storage room measuring to 25' x 10'. The fully operational studio has been the home of a number of notable clients and recording artists. Recording equipment and instruments are available for separate purchase, price upon request. The space will be delivered vacant of all equipment and (studio) wiring.

The second floor of the building encompasses the massive caretakers apartment, finished with exceptional care and attention to detail, great light, and high ceilings. The great room measures 47' in depth and comprises of a large open kitchen and dining room and an oversized living area. The custom designed kitchen has a vintage Chambers stove, Carrara marble counters with built in butcher block, slate backsplash and stainless steel appliances including dishwasher & wine storage. The bedrooms are each grand in scale. The master suite has a 20' deep walk-in closet/ dressing room and a newly designed infrared sauna and meditation room. Two full bathrooms on the loft level have been finished with high end fixtures, slate tile and soaking tubs with rain shower heads. Tasteful modern attributes in the loft include a huge skylight, updated HVAC system, 5" wide plank oak floors, and repointed and white washed brick walls. Easily accessible from the main staircase is the enormous 2400 sqft unfinished roof terrace with accessible hot and cold water, electricity and incredible Manhattan skyline views.

Perfectly located at the crossroads of booming North Williamsburg and Greenpoint, 48 Dobbin street is only half a block to McCarren Park, a short distance to East River State Park and a revitalized waterfront. Transport includes the G at Nassau Ave, the L at Bedford Ave, ferry access to Manhattan & LIC and a short drive to Manhattan and other parts of Brooklyn. Local dining and entertaining options include Five Leaves, Sauvage, Spritzenhaus, Brooklyn Bowl, Output, The William Vale and Wythe Hotels among many other existing and coming attractions. Live in the center of it all with every amenity and live/work configuration available to you at home and outside your doorstep!

Last Agent to Sell the Property

Nadine Adamson

Brown Harris Stevens Residential Sales LLC License #10301210634 Listed on: 09/13/2018

Brown Harris Stevens Residential Sales LLC

Co-Listed By

Robert Hall

Brown Harris Stevens Residential Sales LLC License #10301210633

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $38,903

Lot Details

  • 2,614

Home Design

Interior Spaces

  • 4,750 Sq Ft Home
  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 3 Bedrooms

Community Details

  • 2 Units
  • Brooklyn Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$38,903

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Brooklyn
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 4750.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8

Beds/Baths

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

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2019
Sold by
48 Dobbin Street Sllc
Bought by
{Tbsp} Llc
Current Estimated Value
$4,236,316

Purchase Details

Listed on
Sep 13, 2018
Closed on
Feb 5, 2019
Sold by
48 Dobbin Street Llc
Bought by
{Tbsp} Llc
Seller's Agent
Nadine Adamson
Brown Harris Stevens Residential Sales LLC
List Price
$3,995,000
Sold Price
$3,600,000
Premium/Discount to List
-$395,000
-9.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.46%

Purchase Details

Closed on
Aug 4, 2000
Sold by
Vernhes Nicolas
Bought by
48 Dobbin Street Llc
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
{Tbsp} Llc -- --
{Tbsp} Llc -- --
{Tbsp} Llc $3,600,000 --
{Tbsp} Llc $3,600,000 --
48 Dobbin Street Llc -- First American Title Ins Co
48 Dobbin Street Llc -- First American Title Ins Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2019 02/05/19 Sold $3,600,000 -9.9% $758 / Sq Ft
01/06/2019 01/06/19 Pending -- -- --
09/13/2018 09/13/18 For Sale $3,995,000 -- $841 / 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 $38,903 $407,250 $45,000 $362,250
2024 $38,903 $402,300 $45,000 $357,300
2023 $38,578 $380,700 $45,000 $335,700
2022 $30,469 $308,250 $45,000 $263,250
2021 $21,848 $204,300 $11,700 $192,600
2020 $13,501 $265,950 $11,700 $254,250
2019 $24,694 $279,000 $11,700 $267,300
2018 $22,719 $247,050 $11,700 $235,350
2017 $21,470 $227,700 $11,700 $216,000
2016 $21,070 $224,550 $11,700 $212,850
2015 $13,143 $193,500 $11,700 $181,800
2014 $13,143 $187,650 $11,700 $175,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10415209

Real Estate Board of New York (REBNY)

APN: 02643-0047