NOT LISTED FOR SALE

Estimated Value: $2,732,000 - $2,878,038

2 Beds
2.5 Baths
2,071 Sq Ft
2,004 Sq Ft Lot

Last Sold August 15, 2022

Last sale price $2,350,000 $1,135 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $18,064/month

13 Days on Market

Highlights

  • Built in 1940 | Newly Remodeled
  • 4-minute walk to 7 Avenue (F,G Line)
  • Terrace
  • P.S. 39 Henry Bristow Rated A
  • Pre War Building
  • Central Air

About This Home

As of August 2022

Introducing 494 7 Street, a brand new three unit boutique condominium conversion situated perfectly in Park Slope. All three residences underwent dramatic gut renovations, each thoughtfully reimagined and are now ready to be called home for the first time. Residence 1 is a bright and sprawling 2,071 square foot two bedroom two and one half bathroom first floor duplex with rec room and a perfectly manicured 593 square foot private yard and patio. Its flexible and spacious layout presents endless living options. Upon entry into this sun-kissed apartment, you'll be impressed with over 10' ceilings and oversized windows and find an open concept great room that provides plenty of space to comfortably stage a living room while also having a dedicated and distinct area for formal dining and features two double closets for optimal storage. A true chef's delight, the expansive chef's kitchen is handsomely outfitted with dramatic gray and white veined Calacatta Laza Quartz countertops with matching slab backsplashes, white shaker style custom kitchen cabinetry and large islands with waterfall edges for dining and prep, deep stainless steel sink, Wolf gas range with professional level ventilation, Bosch dishwashers and Subzero refrigerators. The bright and tranquil primary bedroom boasts a large walk in closet and lovely en suite bathroom featuring floor to ceiling Emser Cassero porcelain tile, glass enclosed Kohler showers with a chrome rain shower head, Duravit sink, Toto toilet and Porcelanosa vanity and opens directly out to your private deck and beautiful patio and backyard perfect for entertaining, gardening or just relaxing. Adjacent to the primary bedroom is a generous sized sunlit second bedroom which features a large closet with easy access to the secondary full bathroom which similarly includes a suite of Duravit and Toto sink and toilet, jacuzzi bathtub and Porcelanosa vanity. Other features of the unit include Mitsubishi Hyper Heat and central air conditioning dual systems (three zones), tankless on demand hot water heater and a video intercom. The expansive lower level recreation space can be configured with myriad possibilities: as a home office, as another entertaining hub in the home or due to its sheer size, can easily accommodate designated areas for multiple uses and features a half bathroom and also houses an in unit industrial size Samsung washer and vented gas dryer. The modern, tailored finishes of the condominiums at 494 Seventh St. coupled with the serenity of quiet tree lined streets, close proximity to transportation and excitement of a vibrant neighborhood full of the best parks, 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. CD-20-0257.

Last Agent to Sell the Property

Tom Salzano

Compass License #40SA1002031 Listed on: 03/31/2022

Compass

Co-Listed By

Christine Blackburn

Compass License #30BL1044983

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,640

Year Built

  • Built in 1940 | Newly Remodeled

Lot Details

  • 2,004

HOA Fees

  • $664 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 1st floor

Interior Spaces

  • 2,071 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Terrace
  • Central Air

Community Details

  • Park Slope Subdivision

Listing and Financial Details

  • Legal Lot and Block 17 / 1088

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,640

Year Built

Built in 1940 | Newly Remodeled

Lot Details

2,004 Sq Ft Lot

HOA Fees

$664 per month

Listing Details

  • Cross Street: 7th Avenue/8th Avenue
  • Exposures: North,South
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Architectural Style: Prewar
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 2071.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Patio/Porch Features: Terrace

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: 664.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 19.0 x 100.0

Building Info

  • New Construction: Yes
  • Total Stories: 3
  • Year Built: 1940

Tax Info

  • Tax Block: 1088
  • Tax Lot: 17
  • Tax Annual: 8640.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2017
Sold by
Madison Park Real Estate Ventures Llc and Charles R
Bought by
Seventh Street Capital 494 Llc
Current Estimated Value
$2,805,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,107,216
Outstanding Balance
$913,014
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,892,005
Source: Public Records
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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
Seventh Street Capital 494 Llc $2,550,000 --
Seventh Street Capital 494 Llc $2,550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seventh Street Capital 494 Llc $1,107,216
Closed Seventh Street Capital 494 Llc $1,107,216
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2022 10/30/22 Off Market $2,350,000 -- --
08/15/2022 08/15/22 Sold $2,350,000 0.0% $1,135 / Sq Ft
03/31/2022 03/31/22 For Sale $2,350,000 -- $1,135 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 -- -- -- --
2024 -- $0 $0 $0
2023 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10789648

Real Estate Board of New York (REBNY)

APN: 01088-7502

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