NOT LISTED FOR SALE

Estimated Value: $1,853,530 - $2,171,000

2 Beds
2.5 Baths
1,395 Sq Ft
$1,603/mo HOA Fee

Last Sold May 24, 2023

Last sale price $1,950,000 $1,398 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $13,002/month

21 Days on Market

Highlights

  • Newly Remodeled
  • 2-minute walk to York Street
  • 2-minute walk to Susan Smith McKinney Steward Park
  • Pre War Building
  • Garage

About This Home

As of May 2023

If you have been looking for a 2-bedroom condo in Dumbo that exceeds ALL expectations in terms of scale, design, amenities and location, then look no further than 4M at 51 Jay. Situated in a distinctive Dumbo warehouse that was converted in 2016 into 74 luxury homes by ODA architects, this 1395 SF 2 bed, 2.5 bath is a rare home that lives large and far exceeds the competition in terms of sheer size alone. There is even a deeded indoor parking space offered for an additional 150K (please inquire for details). Overlooking a peaceful landscaped courtyard, you will be ensured maximum quiet all-day long, with no compromises on light due to the impressive oversized floor-to-ceiling blackened steel casement windows running the entire length of every room. Distinguished by a true Great Room that accommodates a large formal dining table, oversized and comfortable living room furniture, and a generously-proportioned designer kitchen with great appeal to the everyday home chef. A charming powder room for guests is perfectly located off the common spaces, and the bedrooms enjoy their own wing so you can entertain while others are sleeping. There are two additional spa-like bathrooms, one ensuite, and a truly unexpected laundry room that doubles as added storage for all your daily needs. This expansive layout is complemented by a suite of high-end finishes throughout including a two-zoned heating and cooling system, automated electric shades and/or custom shades in every room, and unique herringbone floors of fumed oak that perfectly complement the casement windows and brick facade of the original building. In keeping with the industrial elegance of this historic waterfront neighborhood, the architects chose a dramatic palette of rich marbles and woods throughout. The oversized kitchen features a 12' island of honed La Rochelle Gris marble, perfect for prep and casual dining, Aster Cucine cabinetry with blackened hardware and the perfect patina, and a suite of Gaggenau appliances including a 5-burner cooktop, convection range, 42" fridge, wine cooler and microwave drawer. The 5-fixture primary bathroom includes an earthy palette of brown and gray marbles, a double vanity, deep soaking tub and walk-in glass-enclosed shower, and a floor-to-ceiling inset medicine cabinet with brass accents. The second bathroom and powder room are all perfectly executed with nickel hardware, tundra gray honed marble, oak vanities, and basalt porcelain tiles. Closets are generous throughout and have all been customized. Enjoy a walk-in entrance closet that has been customized by California Closets, and Primary, Guest and Laundry areas with custom built-ins from the Container Store. Elegant, whimsical and of-the-moment wallpapers have been implemented throughout for a cohesive and sophisticated feel. There is even a basement storage unit included for added storage of suitcases, sports equipment and holiday decorations. This full-service boutique condo offers an impressive array of amenities including a full-time doorman, package room, cold storage, a fitness and yoga room, children's playroom, rooftop terrace with grill and fireplace, landscaped courtyard, bike storage, and pet wash. The F train at York Street is right outside your door, as is the award-winning Brooklyn Bridge Park, the Ferry stop, and a vast array of award-winning restaurants, shops and grocery stores.

Last Agent to Sell the Property

Sarah Shuken

Corcoran Group License #10301210822 Listed on: 03/27/2023

Corcoran Group

Co-Listed By

Deborah Rieders

Corcoran Group License #30RI0955004

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,216

Year Built

  • Built in 1905 | Newly Remodeled

Lot Details

  • 3.37

HOA Fees

  • $1,603 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,395 Sq Ft Home
  • Pre War Building

Kitchen

  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 75 Units
  • Dumbo Subdivision
  • 6-Story Property

Listing and Financial Details

  • Tax Block 00031

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,216

Year Built

Built in 1905 | Newly Remodeled

Lot Details

0

HOA Fees

$1,603 per month

Listing Details

  • Cross Street: PLYMOUTH STREET and WATER STREET
  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Dumbo
  • Architectural Style: Prewar
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Dishwasher, Washer Dryer Allowed, Washer
  • Living Area: 1395.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1603.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 75
  • Total Stories: 6
  • Year Built: 1905

Tax Info

  • Tax Block: 00031
  • Tax Annual: 6216.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
May 24, 2023
Sold by
Fountain Jennifer and Fountain Long
Bought by
Gilman Noreen and Gilman Stuart
Seller's Agent
Sarah Shuken
Corcoran Group
List Price
$1,995,000
Sold Price
$1,950,000
Premium/Discount to List
-$45,000
-2.26%
Total Days on Market
21
Views
12
Current Estimated Value
$1,996,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,133
Avg. Annual Appreciation
1.16%

Purchase Details

Closed on
Mar 24, 2017
Sold by
201 Water Street Llc
Bought by
Fountain Jennifer and Long James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,545,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Gilman Noreen $1,950,000 --
Fountain Jennifer $2,100,650 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fountain Jennifer $1,545,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $1,950,000 -2.3% $1,398 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $1,995,000 0.0% $1,430 / Sq Ft
04/20/2022 04/20/22 Off Market $7,300 -- --
03/07/2021 03/07/21 Rented -- -- --
03/07/2021 03/07/21 Rented $7,300 0.0% --
02/05/2021 02/05/21 Under Contract -- -- --
01/20/2021 01/20/21 For Rent $7,300 -- --
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
2024 $9,659 $225,812 $6,944 $218,868
2023 $7,726 $201,781 $6,944 $194,837
2022 $6,197 $170,191 $6,944 $163,247
2021 $5,464 $146,099 $6,944 $139,155
2019 $4,408 $139,221 $6,944 $132,277
2018 $4,014 $125,359 $6,944 $118,415
2017 $2,480 $46,160 $6,943 $39,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10852095

Real Estate Board of New York (REBNY)

APN: 00031-1451