NOT LISTED FOR SALE

511 Lafayette Ave Unit 4B Brooklyn, NY 11205

Bed-Stuy Neighborhood

Estimated Value: $600,000 - $958,000

1 Bed
1 Bath
588 Sq Ft
$257/mo HOA Fee

Last Sold February 10, 2022

Last sale price $625,000 $1,063 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,213/month

64 Days on Market

Highlights

  • Rooftop Deck
  • 2-minute walk to Bedford-Nostrand Avenues
  • Central Air
  • Balcony
  • Entrance Foyer
  • 3-minute walk to Lafayette Gardens Playground

About This Home

As of February 2022

Apartment 4B is truly turnkey and only two years old. The apartment comes with everything you would need, including a balcony for your morning coffee, an open floor plan that integrates the kitchen and living room, and a bathroom with floor-to-ceiling porcelain tiles. Along with the balcony, the apartment has includes sought-after features. Included are a washer/dryer, dishwasher, Fisher and Paykel refrigerator, a Bosch dishwasher, cooktop, and microwave. Hardwood floors throughout the apartment are well maintained. The most underrated feature of ownership in the building is the incredibly low carrying costs. Monthly taxes are $76, while the monthly maintenance is $257 per month. It's an incredible value! This Bed-Stuy gem is three minutes from the G Train. 511 Lafayette was completed in 2019 and the building's initial offerings were highly sought after. Some of the highest-rated restaurants are located close by. Saraghina, L'Antagoniste, Captain Dan's 'Good Time' Tavern, Lucha Lucha, and Dough all call the neighborhood home.

Last Agent to Sell the Property

Michael Baker

Compass License #10401303232 Listed on: 10/07/2021

Compass

Co-Listed By

Max Moondoc

Compass License #10301207399

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $900

Year Built

  • Built in 2018

Lot Details

  • 4,008

HOA Fees

  • $257 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 588 Sq Ft Home
  • 4-Story Property
  • Entrance Foyer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 93 / 1783

Community Details

Overview

  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck
  • Community Garden

Property Details

Home Type

Condominium

Est. Annual Taxes

$900

Year Built

Built in 2018

Lot Details

0

HOA Fees

$257 per month

Listing Details

  • Cross Street: Bedford Avenue/Nostrand Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 588.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Building Garden, Balcony, Building Roof Deck
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 257.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 40.0 x 100.0

Building Info

  • New Construction: No
  • Total Stories: 4
  • Year Built: 2018

Tax Info

  • Tax Block: 1783
  • Tax Lot: 93
  • Tax Annual: 900.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Feb 7, 2022
Sold by
Cook Jesse
Bought by
Yang Peter
Seller's Agent
Michael Baker
Compass
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$739,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,322
Avg. Annual Appreciation
4.64%
Original Mortgage
$500,000
Outstanding Balance
$464,344
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$274,978

Purchase Details

Listed on
Jun 19, 2018
Closed on
May 31, 2019
Sold by
511 Lafayette Llc
Bought by
Cook Jesse
Seller's Agent
Allison Dubuisson
Douglas Elliman Real Estate
List Price
$655,000
Sold Price
$579,000
Premium/Discount to List
-$76,000
-11.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%
Source: Public Records

Range of Values:

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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
Yang Peter $625,000 --
Cook Jesse $579,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Peter $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2022 02/10/22 Sold $625,000 0.0% $1,063 / Sq Ft
10/07/2021 10/07/21 For Sale $625,000 +7.9% $1,063 / Sq Ft
05/31/2019 05/31/19 Sold $579,000 -11.6% $985 / Sq Ft View Prior Sale
10/18/2018 10/18/18 Pending -- -- --
06/19/2018 06/19/18 For Sale $655,000 -- $1,114 / 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 $1,031 $48,488 $2,975 $45,513
2024 $1,031 $40,397 $2,975 $37,422
2023 $1,011 $43,282 $2,975 $40,307
2022 $977 $39,980 $2,975 $37,005
2021 $907 $39,987 $2,975 $37,012
2020 $854 $42,449 $2,975 $39,474
2019 $800 $39,564 $2,975 $36,589
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michael Baker

    Compass

    (480) 580-8443

    2 in this area

    20 Total Sales

    Michael Baker
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Max Moondoc

    Compass

    (917) 860-4749

    4 in this area

    35 Total Sales

    Max Moondoc
    Section Image
  • Allison Dubuisson

    Seller's Agent in 2019

    Allison Dubuisson

    Douglas Elliman Real Estate

    (917) 685-4907

    15 in this area

    116 Total Sales

    Allison Dubuisson
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10755489

Real Estate Board of New York (REBNY)

APN: 01783-1309

New York Kings County Brooklyn 11205 Bed-Stuy

511 Lafayette Ave Unit 4B, Brooklyn, NY

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