NOT LISTED FOR SALE

573 Gates Ave Unit 2-R Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $505,000 - $716,000

1 Bed
1 Bath
581 Sq Ft
$284/mo HOA Fee

Last Sold August 27, 2021

Last sale price $499,999 $861 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,785/month

117 Days on Market

Highlights

  • Newly Remodeled
  • Pre War Building
  • Laundry Facilities
  • Rooftop Deck
  • Central Air
  • 4-minute walk to Hattie Carthan Playground

About This Home

As of August 2021

A brand new boutique condominium nestled in the heart of Bedford-Stuyvesant; Golden Gates Condos are exemplar of contemporary Brooklyn living. The building at 573 Gates Avenue blends a number of modern Italian-design themes with traditional brownstone charm, and it offers 8 chic units in Studio, 1BR, and 2BR configurations. It has a stunning brownstone facade that blends tastefully with the character inherent in the neighborhood, as well as a common rooftop deck, rear garden, a common laundry, and it sits just 3 short blocks (4min walk) from Herbert Von King Park. Each unit within Golden Gates Condos was designed to maximize space and natural light. Residence 2R welcomes you upon entry with a beautiful eat-in kitchen, equipped with sleek white-marbled quartz countertops, matching backsplashes, a waterfall peninsula, matte gold fixtures, custom cabinets, recessed lighting above and under the cabinets and high-end stainless steel appliances from Bosch and Blomberg. The open concept layout is complemented by 10 ft ceiling heights and gorgeous wide plank white oak floors throughout. A king-sized bedroom has a large reach-in closet, and the pristine bathroom is complete with Porcelanosa tiles, Delta fixtures and a glass enclosed shower. Additional features of this north facing unit include central heating and cooling, a video intercom system, recessed lighting throughout and oversized double-insulated thermal-efficient sash windows. Golden Gates Condos are just steps from dozens of trendy restaurants, craft cocktail bars, cafes, and shops that line Halsey Street, Marcus Garvey Boulevard, and Tompkins and Dekalb Avenues. Local favorites include Sincerely Tommy, Peaches HotHouse, Bed-Vyne Cocktail, Stone Fruit, Lovers Rock, LunAtico, Speedy Romeo, BKLYN Blend, Glorietta Baldy, Clementine Bakery, and Brooklyn Beso. Bounded by the energy of a diverse community, Golden Gates Condos are close to Kosciuszko Pool, Herbert Von King Park, and several neighborhood playgrounds and community gardens. Nearby subway lines include the A/C/G at Fulton Street and Lafayette Avenue. Pets are welcome. This is not an offering. The complete offering terms are in an offering plan available from the File No. CD19-0227. Disclaimer: Taxes advertised include a 50% sponsor credit for the first 2 Years.

Last Agent to Sell the Property

Adam Sadel

Compass License #10301214188 Listed on: 11/06/2020

Compass

Co-Listed By

Joshua Golan

Compass License #10301215797

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1931 | Newly Remodeled

Lot Details

  • 2,004

HOA Fees

  • $284 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 2nd floor

Interior Spaces

  • 581 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • North Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 70 / 1810

Community Details

Overview

  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,436

Year Built

Built in 1931 | Newly Remodeled

Lot Details

0

HOA Fees

$284 per month

Listing Details

  • Cross Street: Tompkins Avenue/Throop Avenue
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Living Area: 581.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 284.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • New Construction: Yes
  • Total Stories: 4
  • Year Built: 1931

Tax Info

  • Tax Block: 1810
  • Tax Lot: 70
  • Tax Annual: 2436.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Aug 17, 2021
Sold by
573 Gates Llc
Bought by
Gray Justin Richard and Gray Katie Lyn
Seller's Agent
Adam Sadel
Compass
List Price
$499,999
Sold Price
$499,999
Current Estimated Value
$615,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,377
Avg. Annual Appreciation
5.09%
Original Mortgage
$449,999
Outstanding Balance
$407,949
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$207,427
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
Gray Justin Richard $506,998 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray Justin Richard $449,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $499,999 0.0% $861 / Sq Ft
11/06/2020 11/06/20 For Sale $499,999 -- $861 / 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 $3,365 $83,722 $5,184 $78,538
2024 $3,365 $75,012 $5,184 $69,828
2023 $2,198 $72,109 $5,184 $66,925
2022 $2,824 $70,865 $5,184 $65,681
2021 $2,621 $59,927 $5,184 $54,743
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10027308

Real Estate Board of New York (REBNY)

APN: 01810-1004