NOT LISTED FOR SALE

490 Lorimer St Unit 4 B Brooklyn, NY 11211

Williamsburg Neighborhood

Estimated Value: $851,000 - $1,096,000

1 Bed
1 Bath
-- Sq Ft
$320/mo HOA Fee

Last Sold December 05, 2023

Last sale price $1,524,000

Est. 35% decrease in value since last sale

Current estimated payment $6,036/month

2 Days on Market

Highlights

  • New Construction
  • 3-minute walk to Lorimer Street (L Line)
  • High-Rise Condominium
  • P.S. 132 The Conselyea School Rated A-

About This Home

As of December 2023

Nestled in the heart of Williamsburg, 490 Lorimer St. is a brand-new development featuring 9 spacious and light filled homes ranging from a studio duplex to 1, 2- and 3-bedroom layouts. All apartments have high ceilings and come with their very own private outdoor space. Plus there is parking and storage available for sale.

Each unit is a thoughtful blend of attention to detail and open-concept modern living. Features include wide plank European oak floors, a ton of natural light through oversized windows, in-unit washer/dryer, central heating and cooling, lovely bathrooms with chic fixtures and finishes, and spacious modern kitchens featuring Caesarstone countertops and tile backsplash, built in wine fridge, breakfast counters and high-end appliances from Bertazzoni, Liebherr and LG.

Unit 4B is an impeccably designed 660 sf apartment, bathed in natural light that exudes contemporary elegance with 1 large bedroom, 1 sleek full bathroom featuring heated floors, and oversized windows with triple pane glass throughout. Direct elevator entry brings you into a gracious layout, with high ceilings and a welcoming open floorplan for relaxing, dining, and entertaining. The large living and dining area has floor-to-ceiling windows and flows directly to your outdoor balcony through sliding doors. The large kitchen is styled with tasteful cabinetry, generous island for extra seating, and in-unit washer and dryer. For the chef in you, there is a Bertazzoni Master Series 5-burner stove/range, Liebherr paneled refrigerator, Bertazzoni dishwasher, built in drawer microwave, and Summit wine fridge for your favorite vintage.

Conveniently located in prime Williamsburg, 490 Lorimer is surrounded by a large and diverse array of restaurants, bars, cafes, and shops and just minutes away from both the G and L subway trains. Amenities include a bicycle room, private storage and on-site parking available for purchase, and a spacious rooftop deck with soaring city views of the Manhattan skyline.The complete offering terms are in an offering plan available from sponsor. 490 Lorimer Street Condominium, File no. CD21-0036. Sponsor: HESY DIAMOND, LLC, 1224 Anderson Avenue, Suite 2 Fort Lee, New Jersey 07024.

Last Agent to Sell the Property

Aran Scott

Douglas Elliman Real Estate License #40SC1156403 Listed on: 08/01/2023

Douglas Elliman Real Estate

Co-Listed By

Anthony Robles

Douglas Elliman Real Estate License #10401235810

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,360

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 4,008

HOA Fees

  • $320 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • No Cooling

Community Details

  • 9 Units
  • High-Rise Condominium
  • Williamsburg,North Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 02780

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,360

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Williamsburg,North
  • Entry Level: 4
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Fireplace: No
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building None
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 320.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Rental Info

  • Land Lease: No

Building Info

  • New Construction: Yes
  • Units: 9
  • Total Stories: 5
  • Year Built: 2023

Tax Info

  • Tax Block: 02780
  • Tax Lot: 0000
  • Tax Annual: 6360.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Dec 1, 2023
Sold by
Hesy Diamond Llc
Bought by
Alshech Asaf
Seller's Agent
Aran Scott
Douglas Elliman Real Estate
List Price
$999,000
Sold Price
$1,524,000
Premium/Discount to List
$525,000
52.55%
Views
6
Current Estimated Value
$990,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$533,146
Avg. Annual Appreciation
-18.70%
Original Mortgage
$726,201
Outstanding Balance
$712,915
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$277,939
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alshech Asaf $1,009,024 --
Alshech Asaf $1,009,024 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alshech Asaf $726,201
Closed Alshech Asaf $726,201
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2023 12/05/23 Sold $1,524,000 +52.6% --
08/04/2023 08/04/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $999,000 -- --
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 $6,484 $90,675 $12,528 $78,147
2024 $6,484 $51,866 $12,528 $39,338
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10923199

Real Estate Board of New York (REBNY)

APN: 02780-1008