NOT LISTED FOR SALE

Estimated Value: $2,016,000 - $2,439,000

2 Beds
2.5 Baths
1,570 Sq Ft
1905 Built

Last Sold June 08, 2017

Last sale price $2,300,000 $1,465 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $12,090/month

Highlights

  • Rooftop Deck
  • 2-minute walk to York Street
  • Garage
  • Pre War Building
  • Central Air
  • 2-minute walk to Susan Smith McKinney Steward Park

About This Home

As of October 2020

Welcome to 51 Jay Street #5A, a stunning 2 BR / 2.5 BA condo loft located in prime DUMBO. Designed by acclaimed architecture firm ODA, every detail of this beautiful residence reflects the unique industrial charm of the historic DUMBO neighborhood, updated to modern standards. A wall of casement windows fills this spacious and elegant home with abundant light, which highlights the oak herringbone floors installed throughout. The oversized chef?s kitchen is open to the expansive great room and showcases custom cabinetry by Aster Cucine, La Rochelle Gris marble slab countertops and a suite of Gaggenau appliances, including a built-in dual-zone wine refrigerator. The layout is perfect for anyone who loves to cook and/or entertain at home. There is even a beautiful powder room for guests. The luxurious master suite features a custom fitted walk-in closet and spa-like bathroom with a double vanity and a separate shower and soaking tub. The second bedroom with a custom fitted closet and en suite bathroom can be used for multiple purposes: as a bedroom, nursery and/or home office. In addition, there is the always desirable in-unit washer and dryer, as well as a large private storage unit on the lower amenity level. The same level of thoughtful design and attention to detail is found throughout the impressive amenities at 51 Jay Street, including: 24-hour doorman and concierge, gym and yoga room, residents? lounge, kid?s playroom, bicycle storage, cold storage, pet washing/grooming station and large capacity laundry room. The building also offers a smartly designed rooftop terrace outfitted with an outdoor kitchen and several areas for entertaining or relaxing. 51 Jay Street is conveniently located close to the A/C/F trains and the East River Ferry, all one stop from Manhattan. Brooklyn Bridge Park, just steps away, provides spectacular views of Manhattan from the promenade and myriad green spaces beautifully laid out along the iconic DUMBO waterfront, which has been featured in films, television shows and music videos for decades. Within DUMBO and neighboring Brooklyn Heights there are numerous restaurants, bars, cafes, shops, galleries, cultural and sports venues and much more. Pets considered on a case-by-case basis. Virtual or In-Person Showings available by appointment.

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1905

Parking

  • Garage

Home Design

  • 1,570 Sq Ft Home
  • Pre War Building
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • North Facing Home
  • Central Air

Listing and Financial Details

  • Property Available on 8/1/20
  • Tax Block 31

Community Details

Overview

  • 75 Units
  • Dumbo Vinegar Hill Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck
  • Laundry Facilities

Condo Details

Home Type

Condominium

Year Built

Built in 1905

Lot Details

0

Rental Info

  • Available Date: 2020-08-01

Listing Details

  • Cross Street: PLYMOUTH STREET and WATER STREET
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Dumbo - Vinegar Hill
  • Architectural Style: Prewar
  • Entry Level: 5
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Living Area: 1570.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: Yes

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: 155.0 x 200.0

Building Info

  • New Construction: No
  • Units: 75
  • Total Stories: 6
  • Year Built: 1905

Tax Info

  • Tax Block: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2015
Closed on
Jun 7, 2017
Sold by
201 Water Street Llc
Bought by
Ryu Jung Kyu and Ryu Rebekah Myungjin
List Price
$2,300,000
Sold Price
$2,300,000
Current Estimated Value
$2,143,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$156,826
Avg. Annual Appreciation
-0.82%
Original Mortgage
$1,864,000
Outstanding Balance
$1,548,016
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$595,158
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
Ryu Jung Kyu $2,375,577 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryu Jung Kyu $1,864,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2020 10/27/20 Rented -- -- --
07/05/2020 07/05/20 For Rent $8,000 +6.7% --
07/05/2018 07/05/18 Rented -- -- --
06/05/2018 06/05/18 Under Contract -- -- --
05/29/2018 05/29/18 For Rent $7,500 0.0% --
06/08/2017 06/08/17 Sold $2,300,000 0.0% $1,465 / Sq Ft View Prior Sale
05/09/2017 05/09/17 Pending -- -- --
07/27/2015 07/27/15 For Sale $2,300,000 -- $1,465 / 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 $10,591 $244,071 $7,229 $236,842
2024 $10,591 $235,087 $7,229 $227,858
2023 $8,553 $210,069 $7,229 $202,840
2022 $6,945 $177,181 $7,229 $169,952
2021 $6,170 $152,100 $7,229 $144,871
2019 $5,056 $144,939 $7,229 $137,710
2018 $4,636 $130,508 $7,229 $123,279
2017 $2,581 $48,056 $7,228 $40,828
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10653180

Real Estate Board of New York (REBNY)

APN: 00031-1454