$635,000
SOLD JUN 20, 2025
2 Beds
2 Baths
720 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$882 Per Sq Ft

2% Below List Price

Highlights

  • Elevator
  • 5-minute walk to 53 Street
  • 4-minute walk to Rainbow Playground
  • Porch
  • Multiple cooling system units

About This Home

As of June 2025

Welcome to this charming and well-maintained 2-bedroom, 2-bathroom condominium in the heart of Sunset Park. With 720 sqft of thoughtfully designed living space, this home offers both comfort and convenience. Big balcony that lets in plenty of natural light.Enjoy the convenience of an in-unit washer and dryer, making laundry day a breeze. Plus, you'll benefit from 8 more years of tax abatement, providing significant savings. This property also includes a deeded indoor parking space, offering the ultimate convenience in Brooklyn, where parking can be hard to find. The HOA fee is just $286 per month, covering common area maintenance, water, and sewer. Located near public transportation, including the N and R subway lines, getting around the city is effortless. You'll also be close to a variety of shops, restaurants, and parks, offering everything you need right at your doorstep. Don’t miss out on this incredible opportunity to own in one of Brooklyn’s most vibrant neighborhoods. Contact us today to schedule a showing!

Last Agent to Sell the Property

Allan Zhu

RE/MAX Edge License #10401257062 Listed on: 03/03/2025

RE/MAX Edge

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $65

Year Built

  • Built in 2008

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Deeded Parking

Outdoor Features

  • Porch

Utilities

  • Multiple cooling system units
  • Heating System Uses Gas

Listing and Financial Details

  • Tax Block 800
  • Property eligible for a tax abatement

Community Details

Overview

  • 25 Units
  • Association Phone (646) 302-2786
  • 531 52Nd St Condo
  • Property managed by Methome Realty Inc.

Amenities

  • Elevator
  • Secure Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$65

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Additional Fee Includes: Parking
  • Total Bathrooms: 2.00
  • Baths Total Level1: 2.00
  • Beds Total Level1: 2
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: 6th Ave
  • Cross Street Name2: 5th Ave
  • Down Payment Required: 20
  • Fee Includes Assessment Y N: Yes
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Maintenance Common Fee: 286.00
  • Management Email: owenchenre@yahoo.com
  • Parking Attributes: 1 Space, Deeded
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit, Elevator, Microwave, Porch, Refrigerator, Stove
  • Rooms Total Level1: 5
  • Street Name I D X: 52nd
  • Street Number I D X: 531
  • Waterfront Present: No
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Floor: 2
  • Pets Allowed: Yes
  • Room Count: 7
  • Total Rooms: 4
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 1012

Utilities

  • Air Conditioning Units: 3
  • Heating Fuel: Gas
  • Utilities: Sewer, Water, Other

Condo/Co-op/Association

  • Management Company: Methome Realty Inc.
  • Manager Phone: 646-302-2786
  • Pets Allowed: Both Cats & Dogs
  • Units In Building: 25

Lot Info

  • Building Project Name: 531 52nd St Condo

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 65.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2017
Sold by
Lin Guo Ying
Bought by
Chen Bei and Chen Ru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
4.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 19, 2008
Sold by
The Gain Llc
Bought by
Lin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.69%

Purchase Details

Closed on
Feb 11, 2008
Sold by
Migdal Alexander
Bought by
Prosser Loretta A and Prosser Simon J
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 $565,000 --
Deed $405,600 --
Deed $2,750,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $230,000 Unknown
Closed $239,000 Unknown
Previous Owner $300,000 No Value Available
Previous Owner $19,802 No Value Available
Previous Owner $26,082 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Sold $635,000 -0.5% $882 / Sq Ft
04/22/2025 04/22/25 Price Changed $638,000 -1.7% $886 / Sq Ft
03/03/2025 03/03/25 For Sale $649,000 -- $901 / Sq Ft
03/02/2025 03/02/25 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $65 $62,502 $12,617 $49,885
2023 $63 $62,032 $12,617 $49,415
2022 $63 $58,754 $12,617 $46,137
2021 $127 $53,480 $12,617 $40,863
2020 $65 $61,336 $12,617 $48,719
2019 $65 $61,137 $12,617 $48,520
2018 $5,815 $52,992 $12,617 $40,375
2016 $67 $42,679 $12,617 $30,062
2015 $52 $42,976 $12,617 $30,359
2014 $52 $40,692 $12,616 $28,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 489649

Brooklyn Board of REALTORS®

APN: 00800-1012