NOT LISTED FOR SALE

Estimated Value: $700,072

3 Beds
2 Baths
1,223 Sq Ft
2,483 Sq Ft Lot Lot

Highlights

  • City View
  • 4-minute walk to Metropolitan Avenue
  • Balcony
  • Terrace
  • No HOA
  • South Facing Home

About This Home

As of October 2023

550 Grand Street Penthouse South in Williamsburg offers over 1,000 SF of prime outdoor space and a fresh, creative approach to living and wfh....keeping you the individual & environment in mind. PH-S has a tremendously warm, bright, and comfortable feeling that only a thoughtfully designed and meticulously executed space can achieve.

Enter and take a deep breath knowing you are surrounded by environmentally conscious elements including beautiful bamboo floors, energy star appliances, green roof, and sustainable heating and cooling.The spacious duplex residence boasts striking details such as double height ceilings, sleek hardwood floors and amazing sunlight flooding in through Southern Exposure.

The amazing chef's kitchen is designed with high-end stainless steel appliances and a one-of-a-kind counter top. This tremendous feeling flows right into a gracious dining & living area with 2 bedrooms (that can be used as office(s)) and a unique door system allowing a soft glow of light through the translucent doors when shut. Off the main floor, there is an amazing deck spanning the entire unit, large enough for seating, tables & planters....beware that it is only the beginning.

The aesthetically-pleasing spiral staircase leads upstairs to the Master suite with immense city views, more living space, and a luxurious master en-suite bath The upper level also leads out onto another large terrace and another striking staircase up to the private roof deck hosting a green roof terrace with unobstructed views of the New York City Skyline.

This boutique condominium is flawlessly situated in the lively, energetic heart of Williamsburg and in arms reach of local flavorful eateries, shops, cafes, and the Lorimer Street L & G, & Hewes or Lorimer J & M subway lines. You have to see it to believe it! !

Last Agent to Rent the Property

Chris Cavorti

Corcoran Group License #10301206385 Listed on: 10/02/2023

Corcoran Group

Co-Listed By

Jonathan Jafari

Corcoran Group License #10401374879

Condo Details

Home Type

  • Condominium

Year Built

  • 1920

Lot Details

  • 2,483

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 1,223 Sq Ft Home
  • Property has 2 Levels
  • Dining Area
  • City Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony
  • Terrace

Additional Features

  • South Facing Home
  • No Cooling

Listing and Financial Details

  • Property Available on 11/1/23
  • Legal Lot and Block 1107 / 02785

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Williamsburg,South Subdivision

Amenities

  • No Laundry Facilities

Condo Details

Home Type

Condominium

Year Built

1920

Lot Details

2,483 Sq Ft Lot

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished
  • Available Date: 2023-11-01

Listing Details

  • Exposures: South
  • Property SubType: Duplex
  • Property Type: Residential Lease
  • Neighborhood: Williamsburg,South
  • Architectural Style: Walk-Up
  • Entry Level: 4
  • Unit Levels: Two
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Built: 1920

Interior Features

  • Interior Features: Dining Area
  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 1223.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Balcony
  • Patio/Porch Features: Terrace, Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building None, Building Washer Dryer Install Allowed, In Unit
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Units: 7
  • Total Stories: 4

Tax Info

  • Tax Block: 02785
  • Tax Lot: 1107

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2023
Sold by
550 Grand Llc
Bought by
Schlegel Cynthia and Schlegel Michael
Current Estimated Value
$700,072

Purchase Details

Closed on
Apr 11, 2007
Sold by
Vargas David
Bought by
550 Grand Llc
Source: Public Records
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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
Schlegel Cynthia -- --
Schlegel Cynthia -- --
Schlegel Cynthia -- --
550 Grand Llc $965,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2023 10/29/23 For Rent $7,250 0.0% --
10/27/2023 10/27/23 Price Changed $7,250 0.0% $6 / Sq Ft
10/16/2023 10/16/23 Under Contract -- -- --
10/16/2023 10/16/23 Rented $7,250 +11.5% --
10/10/2023 10/10/23 Off Market $6,500 -- --
10/02/2023 10/02/23 For Rent $6,500 +22.6% --
03/05/2021 03/05/21 For Rent $5,300 +6.0% --
03/05/2021 03/05/21 Rented -- -- --
03/01/2018 03/01/18 For Rent $5,000 -- --
03/01/2018 03/01/18 Rented -- -- --
Source: Real Estate Board of New York (REBNY)

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 $1,313 $42,688 $2,638 $40,050
2024 $1,313 $44,938 $2,638 $42,300
2023 $1,249 $41,850 $2,638 $39,212
2022 $1,153 $41,338 $2,638 $38,700
2021 $1,071 $48,628 $2,638 $45,990
2019 $1,019 $43,858 $2,638 $41,220
2018 $1,893 $7,829 $376 $7,453
2017 $922 $7,250 $405 $6,845
2016 $865 $6,713 $406 $6,307
2015 $562 $6,216 $429 $5,787
2014 $562 $6,216 $486 $5,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10924813

Real Estate Board of New York (REBNY)

APN: 02785-1101

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