NOT LISTED FOR SALE

Estimated Value: $1,597,000 - $2,264,000

2 Beds
2 Baths
1,138 Sq Ft
$498/ mo HOA Fee

Last Sold October 03, 2022

Last sale price $1,630,500 $1,433 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,740/month

17 Days on Market

Highlights

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

About This Home

As of October 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 2 is a sun-kissed and impeccably renovated never before lived in two bedroom two bathroom unit with an enviable private roof deck. An easy one flight walk up, you enter the apartment and are greeted with a beautifully designed open style chef's kitchen handsomely outfitted with dramatic grey and white veined Calacatta Laza Quartz countertops with matching slab backsplashes, integrated custom white shaker style cabinetry, large island with waterfall edges for dining and prep, deep stainless steel sink, Wolf gas range with professional level ventilation and LED lighting, Bosch dishwasher and Subzero refrigerator. There is a walk in closet and additional closet off the kitchen for exceptional storage. An open concept great room provides plenty of space to comfortably stage a living room while also having a dedicated and distinct area for formal dining and features wide plank white oak flooring throughout, with open sky views peering out onto the treetops on Seventh Street. 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. 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. An in unit Samsung washer and vented gas dryer is cleverly tucked away in a closet and the apartment also features dual zone Mitsubishi Hyper Heat and central air conditioning dual systems and a video intercom. Ascend to the roof top where you have your own private 555 square foot roof deck with incredible views of the surrounding Park Slope neighborhood. 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 which completes this brand new home. 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: 03/25/2022

Compass

Co-Listed By

Christine Blackburn

Compass License #30BL1044983

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,480

Year Built

  • Built in 1940 | Newly Remodeled

Lot Details

  • 2,004

HOA Fees

  • $498 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 2nd floor

Interior Spaces

  • 1,138 Sq Ft Home
  • 3-Story Property
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • 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

$6,480

Year Built

Built in 1940 | Newly Remodeled

Lot Details

2,004 Sq Ft Lot

HOA Fees

$498 per month

Listing Details

  • Cross Street: 7th Avenue/8th Avenue
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1138.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Patio/Porch Features: Rooftop

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: 498.0
  • 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: 6480.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
Sep 30, 2022
Sold by
Seventh Street Capital 494 Llc
Bought by
Lee Frances and Zhou Alan
Seller's Agent
Tom Salzano
Compass
List Price
$1,600,000
Sold Price
$1,630,500
Premium/Discount to List
$30,500
1.91%
Current Estimated Value
$1,700,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,953
Avg. Annual Appreciation
3.52%
Original Mortgage
$1,141,350
Outstanding Balance
$1,094,398
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$743,641
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
Lee Frances $1,660,256 --
Lee Frances $1,660,256 --
Lee Frances $1,660,256 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Frances $1,141,350
Closed Lee Frances $1,141,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2022 10/03/22 Sold $1,630,500 +1.9% $1,433 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $1,600,000 -- $1,406 / 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 $4,725 $82,206 $13,122 $69,084
2024 $4,725 $74,232 $13,122 $61,110
2023 $4,457 $65,610 $13,122 $52,488
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10799730

Real Estate Board of New York (REBNY)

APN: 01088-1202

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