NOT LISTED FOR SALE

Estimated Value: $1,615,000 - $2,054,390

2 Beds
2 Baths
1,471 Sq Ft
$485/mo HOA Fee

Last Sold October 12, 2018

Last sale price $1,395,000 $948 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $10,956/month

370 Days on Market

Highlights

  • New Construction
  • 4-minute walk to Graham Avenue
  • Garden
  • P.S. 132 The Conselyea School Rated A-
  • Rooftop Deck
  • 4-minute walk to Cooper Park

About This Home

As of October 2018

55 Maspeth is an exceptional boutique development boasting six multi-level, loft style apartments in Williamsburg. Situated on the border of Cooper Park. Each residence, meticulously designed, combines Brooklyn charm with refined finishes. Soaring 20 ft. ceilings and oversized windows lend to an abundance of natural light throughout. Design, Detail and Artisan finishes channel nostalgic Williamsburg with uncompromising craftsmanship.

With optimal attention to detail, the duplex and triplex residences at 55 Maspeth aim to exceed expectations. The oversized master bath, beautifully fashioned with grey shades of bohemian patterned tile, features a uniquely designed European vanity with Italian porcelain tiles throughout. Masterfully crafted kitchens showcase custom German cabinetry with white oak open shelving, Fisher & Paykal refrigerator and Bosch appliance package. Additional Features: Select units with outdoor space in elevator building.

Residence 1R greets you with a breathtaking loft-style two and a half bedroom (2.5BR), two bathroom (2Bath) triplex with nearly 1471sq. ft. of living space and a 839 sqft private garden.

East Williamsburg offers an eclectic mix of longtime local favorites and trendy new spots where you can brunch by day and lounge by night. Hot spots include Da Francesco, La Locanda, Mesa Coyoacan, Basik, Sage, 4th Down sports bar and many more! 55 Maspeth is nestled near Cooper Park, which offers a farmers market on Saturdays in the late spring & summer months. The development is just minutes from the conveniences of prime Williamsburg, with the added tranquility of a residential vibe. The Graham L train is approx. three blocks and the Metropolitan Ave G train is approximately six blocks from the property, making for an easy commute.This is not an offering. The complete offering terms are in an offering plan available from the File No. CD170085

Co-Listed By

Jessica Peters

Douglas Elliman Real Estate License #10301209015

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,820

Lot Details

  • 2,134

HOA Fees

  • $485 Monthly HOA Fees

Home Design

  • 1,471 Sq Ft Home
  • New Construction
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Garden
  • No Cooling

Listing and Financial Details

  • Tax Block 2893

Community Details

Overview

  • 6 Units
  • Eastwilliamsburg Subdivision

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,820

Lot Details

0

HOA Fees

$485 per month

Listing Details

  • Cross Street: woodpoint
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: EASTWILLIAMSBURG
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Living Area: 1471.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Building Roof Deck, Garden

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 485.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 6

Tax Info

  • Tax Block: 2893
  • Tax Annual: 11820.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2017
Closed on
Sep 26, 2018
Sold by
55 Maspeth Development Llc
Bought by
Champagne Jeffrey
List Price
$1,425,000
Sold Price
$1,395,000
Premium/Discount to List
-$30,000
-2.11%
Current Estimated Value
$1,792,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,098
Avg. Annual Appreciation
3.63%
Original Mortgage
$1,116,000
Outstanding Balance
$973,218
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$818,880
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
Champagne Jeffrey $1,420,459 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Champagne Jeffrey $1,116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2018 10/12/18 Sold $1,395,000 -2.1% $948 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
09/06/2017 09/06/17 For Sale $1,425,000 -- $969 / 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 $11,642 $163,476 $19,152 $144,324
2024 $11,642 $136,253 $19,152 $117,101
2023 $8,726 $113,544 $19,152 $94,392
2022 $8,059 $111,572 $19,146 $92,426
2021 $8,080 $89,262 $19,146 $70,116
2020 $8,027 $86,697 $19,146 $67,551
2019 $9,110 $72,229 $19,146 $53,083
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10437547

Real Estate Board of New York (REBNY)

APN: 02893-1302