NOT LISTED FOR SALE

Estimated Value: $2,905,000 - $3,316,214

3 Beds
3.5 Baths
2,008 Sq Ft
$1,971/mo HOA Fee

Last Sold June 29, 2017

Last sale price $3,300,000 $1,643 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $20,562/month

Highlights

  • Rooftop Deck
  • 2-minute walk to York Street
  • Central Air
  • Terrace
  • Courtyard
  • 2-minute walk to Susan Smith McKinney Steward Park

About This Home

As of April 2019

"Immediate Occupancy". Designed by acclaimed architecture firm ODA, 51 Jay Street sets a new standard for living in DUMBO. Intensive study went into creating this loft that is both elegantly proportioned and highly functional, a rare combination in warehouse conversions.

Every detail throughout this residence speaks of expert craftsmanship and fine materials that exude the industrial charm of the building. A wall of expansive and elegantly proportioned casement windows allows light to pour onto oak herringbone floors in living areas. Oversized kitchens include dramatic custom cabinetry by Aster Cucine, La Rochelle Gris marble slab countertops, and a suite of Gaggenau appliances. Luxuriously appointed master bathrooms feature lacquered dark brown vanities with copper detailing, walnut brown marble flooring, and a glass-enclosed wet room with walk-in shower and soaking tub.

The same level of design and attention to detail can be found throughout the impressive amenities at href=' target='new'51 Jay . A double-height, attended lobby features polished concrete flooring with steel tracks inspired by the original rails that carried goods through the building. At the heart of 51 Jay Street is a private courtyard garden that redefines the idea of nature in the city. This urban sanctuary, designed by Steven Yavanian, is a shared visual amenity that creates an immersive atmosphere of wilderness through lush plantings and natural materials. The expansive rooftop terrace is outfitted with several areas for entertaining or relaxing, including an outdoor kitchen, a fireplace and outdoor showers. An additional floor of amenities includes a fitness center with yoga room, residents' lounge, children's playroom, bicycle storage, resident storage, pet washing and grooming station, and a large capacity laundry room.

Last Agent to Rent the Property

Karen Heyman Defontes

Sothebys International Realty License #40HE0781079 Listed on: 02/11/2019

Sothebys International Realty

Co-Listed By

Alan Heyman

Sothebys International Realty License #40HE1069794

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2016

HOA Fees

  • $1,971 per month

Home Design

  • 2,008 Sq Ft Home
  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Outdoor Features

  • Courtyard
  • Terrace

Utilities

  • Central Air

Listing and Financial Details

  • Property Available on 2/11/19

Community Details

Overview

  • 75 Units
  • Dumbo / Vinegar Hill Subdivision
  • 7-Story Property

Amenities

  • Rooftop Deck
  • Building Terrace
  • Courtyard
  • Laundry Facilities

Condo Details

Home Type

Condominium

Year Built

Built in 2016

Lot Details

0

HOA Fees

$1,971 per month

Rental Info

  • Available Date: 2019-02-11

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: DUMBO / Vinegar Hill
  • Entry Level: 4
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 2008.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Building Courtyard, Building Roof Deck, Courtyard
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Units: 75
  • Total Stories: 7
  • Year Built: 2016

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2017
Closed on
Jun 28, 2017
Sold by
201 Water Street Llc
Bought by
Paopao Nico Llc
List Price
$3,595,000
Sold Price
$3,300,000
Premium/Discount to List
-$295,000
-8.21%
Current Estimated Value
$3,140,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$159,262
Avg. Annual Appreciation
-0.57%
Original Mortgage
$2,200,000
Outstanding Balance
$1,825,918
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,314,820
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
Paopao Nico Llc $3,303,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paopao Nico Llc $2,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/20/2022 04/20/22 Off Market $3,300,000 -- --
04/15/2019 04/15/19 Rented -- -- --
03/16/2019 03/16/19 Under Contract -- -- --
02/11/2019 02/11/19 For Rent $12,500 0.0% --
06/29/2017 06/29/17 Sold $3,300,000 -8.2% $1,643 / Sq Ft View Prior Sale
05/30/2017 05/30/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $3,595,000 -- $1,790 / 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 $27,384 $417,506 $12,366 $405,140
2024 $27,384 $402,137 $12,366 $389,771
2023 $23,459 $359,342 $12,366 $346,976
2022 $20,428 $303,084 $12,366 $290,718
2021 $18,874 $260,180 $12,366 $247,814
2019 $16,711 $247,932 $12,366 $235,566
2018 $15,825 $223,245 $12,365 $210,880
2017 $4,416 $82,205 $12,366 $69,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10518374

Real Estate Board of New York (REBNY)

APN: 00031-1447