NOT LISTED FOR SALE

489 Atlantic Ave Unit 5A Brooklyn, NY 11217

Boerum Hill Neighborhood

Estimated Value: $1,932,000 - $2,742,415

3 Beds
3 Baths
1,852 Sq Ft
$705/mo HOA Fee

Last Sold April 01, 2019

Last sale price $1,650,000 $891 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $15,489/month

133 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Nevins Street
  • Balcony
  • P.S. 38 The Pacific School Rated A-
  • Terrace
  • 3-minute walk to North Pacific Playground

About This Home

As of April 2019

**WOW FACTOR**
Private, quiet, sunny,serene .Take the private keyed in elevator up to the top of the building's 5th floor with it's private penthouse level.
Find 1850 + square feet plus three private terraces. How do you count the volume created by 20 ft+ ceiling height in many levels? You can create another floor area or lofts or library or gallery.

Three generous bedrooms face rear brownstone backyards of State Street, double pane windows allow endless light and sky but block any noise from below. Step off your private keyed elevator into your spectacular penthouse duplex with 3 bedrooms, 3 bathrooms, 3 terraces over 1850 sq ft. Spacious enough to be a house or grand live-work loft or simply play hide and seek and get lost. A huge plus is that the duplex staircase is a non -spiral, there are no interior windowless rooms and the ceiling is so high you can build a loft or two.

The kitchen, dining area and living room have a double height atrium exposed to both levels. The south-east facing wall of windows allow so much light that you'll always start your morning off with a coffee and a smile.

The first level has an open kitchen with plenty of cabinetry and a large pantry. There is a coat closet as well as a closet with a washer dryer hook up .Bonus is a marble guest bathroom complete with a shower. One bedroom features an en suite bathroom with a 12 foot tall closet-dressing room. Second bedroom has great closet space and added bonus of terrace with tree top views.

The spectacular second level holds a huge master suite with walk-in-closet about 14 foot tall, and unheard of wall space perfect for your gallery, book shelves ,sleep loft or whatever suits you. Spacious bathroom off 14 foot tall dressing room-closet. Again another terrace off this master bedroom.

Front of the floor is a large south-east facing terrace ,perfect for barbecuing ,growing flowers or vegetables for your own farm-to-table experience. Yes, the sun rises here and sets over 2 rear terraces. Youre above it all, in the clouds , stars,serenity.

Central location near all trains at Atlantic Terminal, shopping at DeKalb market ,Whole Foods, Trader Joe's and the ever evolving Downtown Brooklyn ,Fulton Street and BAM Cultural Center.Blocks from the renown Sahadi's Lebanese grocery shop as well as Damascus Bakery.

Brokers Invited and welcomed.

Last Agent to Sell the Property

Yan Lee

Corcoran Group License #10301209568 Listed on: 09/02/2018

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,400

HOA Fees

  • $705 Monthly HOA Fees

Home Design

  • 1,852 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio
  • Terrace

Additional Features

  • Dishwasher
  • Garden
  • Window Unit Cooling System

Listing and Financial Details

  • Tax Block 179

Community Details

Overview

  • Boerum Hill Subdivision

Amenities

  • Building Patio
  • Building Terrace

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,400

Lot Details

0

HOA Fees

$705 per month

Listing Details

  • Cross Street: NEVINS AND 3RD
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Boerum Hill
  • Architectural Style: Prewar, Loft
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dryer, Dishwasher, Washer
  • Living Area: 1852.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, Garden
  • Patio/Porch Features: Building Patio, Building Terrace, Patio, Terrace, Balcony, Rooftop

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Window Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 705.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No

Tax Info

  • Tax Block: 179
  • Tax Annual: 2400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2018
Closed on
Apr 1, 2019
Sold by
Donovan Sherri
Bought by
Leeser Nawaday Jaimie and Nawaday Kan
Seller's Agent
Yan Lee
Corcoran Group
List Price
$1,650,000
Sold Price
$1,650,000
Current Estimated Value
$2,373,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$723,604
Avg. Annual Appreciation
5.72%
Original Mortgage
$1,150,000
Outstanding Balance
$1,011,054
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,362,550

Purchase Details

Closed on
Jul 16, 2009
Sold by
S & I Atlantic Realty Llc
Bought by
Donovan Sherri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,500
Interest Rate
5.43%
Mortgage Type
Purchase Money Mortgage
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
Leeser Nawaday Jaimie $1,650,000 --
Donovan Sherri $975,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leeser Nawaday Jaimie $1,150,000
Previous Owner Donovan Sherri $647,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $1,650,000 -- --
04/01/2019 04/01/19 Sold $1,650,000 0.0% $891 / Sq Ft
12/13/2018 12/13/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $1,650,000 -- $891 / 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 $26,388 $402,167 $20,979 $381,188
2024 $26,388 $335,131 $20,979 $314,152
2023 $20,509 $418,914 $20,979 $397,935
2022 $14,802 $411,683 $20,979 $390,704
2021 $9,970 $329,326 $20,979 $308,347
2020 $3,014 $359,730 $20,979 $338,751
2019 $2,355 $329,928 $20,979 $308,949
2018 $2,375 $157,167 $7,995 $149,172
2017 $2,375 $145,525 $8,603 $136,922
2016 $2,407 $134,746 $9,678 $125,068
2015 $1,881 $134,746 $11,614 $123,132
2014 $1,881 $130,569 $12,235 $118,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10887175

Real Estate Board of New York (REBNY)

APN: 00179-1205