NOT LISTED FOR SALE

511 Lafayette Ave Unit 1B Brooklyn, NY 11205

Bed-Stuy Neighborhood

Estimated Value: $1,314,213 - $1,422,000

1 Bed
1.5 Baths
1,505 Sq Ft
$489/mo HOA Fee

Last Sold June 24, 2019

Last sale price $1,099,000 $730 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,831/month

240 Days on Market

Highlights

  • Newly Remodeled
  • 2-minute walk to Bedford-Nostrand Avenues
  • 3-minute walk to Lafayette Gardens Playground
  • Garden

About This Home

As of June 2019

*PENDING 421A 20 YEAR TAX ABATEMENT

Valued, Stylish Residences in a Prime Bed-Stuy Location! 511 Lafayette Avenue condominium is a 10-unit boutique condominium comprised of valued 1-2.5 BR residences starting from $599,000.
For years now, Lafayette Ave has been buyers' first & foremost preferred location in Bedford Stuyvesant. 511 Lafayette Avenue was conceptualized to provide buyers with valued, meticulously designed residences, which feature an array of both private and common outdoor spaces aimed to enrich lifestyle & enjoyment in this prized location. Lafayette checks off the boxes!

Unit 1B is a One and a half Bedroom (1.5BR) One and a half Bathroom (1.5Bath) 1505 sqft duplex with a generous over 700 sq ft private garden.

The residences are equipped with oversized windows, allowing for an abundance of natural light throughout. Additional features include central AC and heat, wide-plank hardwood floors and washer/dryer hook-ups. Certain units feature double height ceilings while other units offer private outdoor space or both! The building additionally offers a common garden and common roof terrace available for use by all residents. Storage is available for purchase on a first come, first serve basis.

The contemporary kitchens have been masterly crafted and showcase white quartz countertops, Bosch pro-style gas range and microwave, stainless steel refrigerator/freezer by Fisher & Paykel and a sleek integrated dishwasher by Bosch. Design elements including open shelving and under cabinet lighting create a tasteful and practical aesthetic.The bathrooms were designed with an elegant color palette and offer porcelain tiles, soft chrome fixtures, Brazilian-style rain showerheads and an integrated Bluetooth-controlled sound system in all bathroom vanity mirrors, ensuring comfort and tranquility with the touch of a button.

Located in prime Bedford-Stuyvesant, 511 Lafayette is surrounded by the classic serenity of Brownstone Brooklyn and the energy of a culturally diverse community with superb dining, craft cocktail joints, homemade marketplaces, and destination hangouts. Local favorites include Saraghina, Farm-to-Table French Cuisine at L'Antagoniste, Captain Dan's "Good Time" Tavern, Lucha Lucha tasty tacos, Dough, Cinnamon Girl coffee shop, Stone Fruit, Civil Service Cafe, Pilar Cuban Eatery, Peaches Hothouse, 750 Myrtle Diner, Beasts of Bourbon, Samarai Papa, and Black Swan. The G train is less than a block away and the A and C trains are nearby. This is not an offering. The complete offering terms are in an offering plan available from the Sponsor File No. CD18-0030. Image Disclaimer: The common roof space and private roof terrace images are artist renderings only; the property will neither be delivered with planters nor the outdoor furniture depicted in this image.

Last Agent to Sell the Property

Allison Dubuisson

Douglas Elliman Real Estate License #10301217375 Listed on: 07/02/2018

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $828

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 4,008

HOA Fees

  • $489 Monthly HOA Fees

Home Design

  • Entry on the 99th floor

Interior Spaces

  • 1,505 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom

Additional Features

  • Garden
  • No Cooling

Community Details

  • 10 Units
  • Bed Stuy Subdivision

Listing and Financial Details

  • Tax Block 1783

Property Details

Home Type

Condominium

Est. Annual Taxes

$828

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$489 per month

Listing Details

  • Cross Street: Bedford Avenue
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: BED-STUY
  • Entry Level: 99
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Living Area: 1505.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 489.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 10
  • Total Stories: 4
  • Year Built: 2018

Tax Info

  • Tax Block: 1783
  • Tax Annual: 828.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2018
Closed on
Jun 19, 2019
Sold by
511 Lafayette Llc
Bought by
Baker Vincent and Handelman Michelle
Seller's Agent
Allison Dubuisson
Douglas Elliman Real Estate
List Price
$1,275,000
Sold Price
$1,099,000
Premium/Discount to List
-$176,000
-13.8%
Current Estimated Value
$1,360,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,803
Avg. Annual Appreciation
3.42%
Original Mortgage
$769,300
Outstanding Balance
$673,646
Interest Rate
3.9%
Mortgage Type
Unknown
Estimated Equity
$687,157
Source: Public Records

Range of Values:

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Average Value
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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
Baker Vincent $1,099,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Vincent $769,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $1,099,000 -- --
06/24/2019 06/24/19 Sold $1,099,000 -13.8% $730 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
07/03/2018 07/03/18 For Sale $1,275,000 -- $847 / 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 $2,643 $124,315 $7,627 $116,688
2024 $2,643 $103,571 $7,627 $95,944
2023 $2,593 $110,969 $7,627 $103,342
2022 $2,506 $102,503 $7,627 $94,876
2021 $2,327 $102,521 $7,627 $94,894
2020 $2,190 $108,833 $7,627 $101,206
2019 $2,051 $101,435 $7,627 $93,808
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10420279

Real Estate Board of New York (REBNY)

APN: 01783-1302