NOT LISTED FOR SALE

550 Metropolitan Ave Unit 3A Williams, NY 11211

Williamsburg Neighborhood

Estimated Value: $1,028,757 - $1,236,000

1 Bed
1 Bath
774 Sq Ft
$422/mo HOA Fee

Last Sold March 30, 2022

Last sale price $1,050,000 $1,357 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,665/month

49 Days on Market

Highlights

  • New Construction
  • 1-minute walk to Lorimer Street (L Line)
  • Courtyard
  • Rooftop Deck
  • 3,000 Sq Ft lot
  • 3-minute walk to Macri Triangle

About This Home

As of March 2022

EXPECTED OCCUPANCY OCTOBER 2021

Visit 550met.com to register and book showing.

A brand new condo situated in a prime Williamsburg locale just two stops from Manhattan, this stunning 1-bedroom, 1-bathroom home is an exemplar of contemporary Brooklyn living. Designed by Veronica Mishaan, the apartment features beautiful GRATO engineered hardwood floors, high ceilings nearly 10-ft in height, oversized windows, an in-unit washer/dryer, and a windowed home office.

A welcoming entryway flows into an open-concept living room, dining room, and kitchen saturated with natural light. The kitchen is equipped with an eat-in peninsula, sleek white quartz countertops and Taj Mahal quartzite backsplashes, custom soft-close ash veneer cabinets, and a suite of fully-integrated high-end Bosch appliances.

Just off the living is a bright bedroom with a private closet and easy access to a chic full bathroom with penny round floor tiles and a custom dark ash veneer vanity with honed travertine countertops and a brushed nickel Kohler faucet.

550 Metropolitan Avenue is a boutique condominium from developer, Arch Companies, architect AB Architekten and interior architect and designer, Veronica Mishaan. The building offers the convenience and lifestyle of Brooklyn's trendiest neighborhood as well as core amenities like bicycle storage, a package room, a virtual doorman system, and a common rooftop deck with skyline views. It is surrounded by a wide range of trendy restaurants, bars, cafes, and shops, and it is a short walk to McCarren Park. Greenpoint and East Williamsburg are also close by. The L subway line is down the block, and the G line is around the corner.

Common charges and taxes listed are projected and may be subject to change.

The complete offering terms are in an offering plan available from sponsor. File no. CD20-0250. Sponsor: 550 Metropolitan Ave Holdings LLC. Located at 15 West 27th Street, 6th Floor, New York, NY 10001. Plans, specifications, and materials may vary due to construction, field conditions, requirements, and availabilities. Sponsor reserves the right to make changes in accordance with the offering plan. Units will not be offered furnished. All images are artist's renderings. Images, renderings, representations and interior decorations, finishes, appliances and furnishings are provided for illustrative purposes only and have been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes and withdrawal without notice. Prospective purchasers are advised to review the complete terms of the offering plan for further detail as to the type, quality, and quantity of materials, appliances, equipment, and fixtures to be included in the units, amenity areas and common areas of the condominium. Equal Housing Opportunity.

Last Listed By

Charisse Chassen

Brown Harris Stevens Residential Sales LLC License #10401349345 Listed on: 08/04/2021

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,152

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 3,006

HOA Fees

  • $422 Monthly HOA Fees

Home Design

  • 774 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Courtyard
  • Central Air

Community Details

Overview

  • 9 Units
  • Williamsburg Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck
  • Courtyard

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,152

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$422 per month

Listing Details

  • Exposures: North,West
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Loft
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Living Area: 774.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Courtyard, Building Roof Deck, Courtyard

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 422.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Area: 3000.0
  • Lot Size Dimensions: 25.17 x 120.42

Building Info

  • New Construction: Yes
  • Units: 9
  • Total Stories: 6
  • Year Built: 2021

Tax Info

  • Tax Block: 0
  • Tax Annual: 10152.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Mar 28, 2022
Sold by
550 Metropolitan Ave Holdings Llc
Bought by
Cheng Tan
Seller's Agent
Charisse Chassen
Brown Harris Stevens Residential Sales LLC
List Price
$1,050,000
Sold Price
$1,050,000
Total Days on Market
49
Current Estimated Value
$1,147,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,439
Avg. Annual Appreciation
3.07%
Original Mortgage
$787,500
Outstanding Balance
$743,393
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$413,662
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 Buyer Sale Price Title Company
Cheng Tan $1,059,581 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Tan $787,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $1,050,000 0.0% $1,357 / Sq Ft
08/04/2021 08/04/21 For Sale $1,050,000 -- $1,357 / 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
2024 $9,982 $79,842 $8,615 $71,227
2023 $9,094 $74,135 $8,615 $65,520
2022 $8,841 $72,838 $8,615 $64,223
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10781543

Real Estate Board of New York (REBNY)

APN: 02761-1005