$2,999,999
SOLD FEB 12, 2018
3 Beds
4 Baths
2,005 Sq Ft
$1,758/mo HOA Fee

Recently Sold

$1,496 Per Sq Ft

9% Below List Price

898 Days on Market

Highlights

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

About This Home

As of February 2018

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.

TThe same level of design and attention to detail can be found throughout the impressive amenities at 51 Jay Street. 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.

The complete offering terms are in an offering plan available from sponsor File NO. CD14-0159.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,996

Year Built

  • Built in 1905 | Newly Remodeled

HOA Fees

  • $1,758 Monthly HOA Fees

Home Design

  • 2,005 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Community Details

  • 74 Units
  • 51 Jay Condos
  • Dumbo Subdivision
  • 6-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,996

Year Built

Built in 1905 | Newly Remodeled

Lot Details

0

HOA Fees

$1,758 per month

Listing Details

  • Cross Street: Water Street
  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Dumbo
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Living Area: 2005.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1758.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: 51 JAY
  • Units: 74
  • Total Stories: 6
  • Year Built: 1905

Tax Info

  • Tax Block: NA
  • Tax Annual: 3996.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2016
Closed on
Feb 12, 2018
Sold by
201 Water Street Llc
Bought by
Zeltser Olga
List Price
$3,279,000
Sold Price
$2,999,999
Premium/Discount to List
-$279,001
-8.51%
Total Days on Market
898
Current Estimated Value
$2,999,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$784
Avg. Annual Appreciation
-0.00%
Original Mortgage
$2,100,000
Outstanding Balance
$1,797,103
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,202,112
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 Type Sale Price Title Company
Deed $2,903,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,100,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Rented -- -- --
09/22/2020 09/22/20 For Rent $10,250 0.0% --
02/12/2018 02/12/18 Sold $2,999,999 -8.5% $1,496 / Sq Ft
01/13/2018 01/13/18 Pending -- -- --
07/30/2015 07/30/15 For Sale $3,279,000 -- $1,635 / 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
2024 $23,031 $358,833 $11,034 $347,799
2023 $19,595 $320,647 $11,034 $309,613
2022 $16,933 $270,446 $11,034 $259,412
2021 $15,581 $232,163 $11,034 $221,129
2019 $13,689 $221,234 $11,034 $210,200
2018 $12,925 $199,206 $11,034 $188,172
2017 $3,940 $73,353 $11,034 $62,319
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10469681

Real Estate Board of New York (REBNY)

APN: 00031-1460