NOT LISTED FOR SALE

679 Franklin Ave Unit 501 Brooklyn, NY 11238

Crown Heights Neighborhood

Estimated Value: $1,171,000 - $1,290,000

2 Beds
2 Baths
1,013 Sq Ft
$471/mo HOA Fee

Last Sold September 27, 2019

Last sale price $1,025,000 $1,012 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,827/month

36 Days on Market

Highlights

  • Newly Remodeled
  • 2-minute walk to Park Place (S Line)
  • Balcony
  • Terrace

About This Home

As of September 2019

Embrace the SERENITY of Smart Design! Located on the border of Prospect Heights and Crown Heights, 679 Franklin Ave is a 7-unit boutique ELEVATOR Condominium that converges the art of design and functionality in its well-appointed One Bedroom (1BR) and Two Bedroom (2BR) residences.

Each residence at 679 Franklin encompasses the conveniences and luxury of modern day living integrated throughout the home. Conceptually, the design aims for everything you see and touch to work in perfect harmony. The use of crisp lines and well-placed rectangle shapes creates a sense of order throughout while the minimal color combinations further enhance the serene and balanced environment. From the moment you step inside, you'll know you have arrived.

PENTHOUSE Unit 501 is a two bedroom (2BR) and two bathroom (2BA) 1,013 sq ft home with a private keyed elevator, two private outdoor spaces, a 117 sq ft terrace and a 72 sq ft balcony, and a private storage room.

The streamlined kitchens are masterfully crafted, showcasing a complete, integrated Miele appliance package, Caesarstone countertops, and custom cabinetry with soft touch drawers, built-in organizers, and under cabinet lighting. The oversized bathrooms are designed with light and clean ceramic tiles, black matte fixtures, deep soaking tubs, heated floors, and custom handcrafted, vanities, which create a neat and relaxing environment.

Every detail has been thoughtfully contemplated, floor-to-ceiling windows allow for plentiful, natural light; 10 ft ceilings that advance depth and space; beautiful, wide plank oak hardwood flooring throughout; central heating and air conditioning with linear diffusers for energy efficiency; washer and dryer hook-ups; and a video intercom. Many units have private outdoor space, and the building provides a common roof terrace with captivating Brooklyn skyline and Manhattan background views.

Just a few blocks from both the gorgeous Prospect Park and Brooklyn Botanical Gardens, you will be surrounded by the classic serenity of Brownstone Brooklyn and the energy of the culturally diverse communities of both Crown Heights and Prospect Heights with superb dining, craft cocktail joints, home-made marketplaces, museums, and destination hang-outs. Local favorites include Berg'n, Cent'Anni, Friends & Lovers, Crabby Shack, Bearded Lady, Ode to Babel, Mayfield, The Crown Inn, Tom's, Covenhoven, Little Zelda, Barboncino Pizza, Glady's, Uotora, Chavela's, King Tai and Cafe Cotton Bean.

Transportation: 5 blocks to the 2/3 & 4/5 at Nostrand Ave; the 2, 3 and connection to the Q, B, A, C are available at the Franklin Avenue subway stop; and the A at Nostrand Ave is only 7 blocks away, allowing for an easy commute to Manhattan. Disclaimers: This is not an offering. The complete offering terms are in an offering plan available from sponsor. File No. CD170144. Image Disclaimer: The common roof space and private balcony & terrace images are artist renderings only; the property will neither be delivered with planters nor the outdoor furniture depicted in these images.

Last Agent to Sell the Property

Allison Dubuisson

Douglas Elliman Real Estate License #10301217375 Listed on: 08/21/2018

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,884

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 2,091

HOA Fees

  • $471 Monthly HOA Fees

Home Design

  • Entry on the 99th floor

Interior Spaces

  • 1,013 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Terrace

Utilities

  • No Cooling

Community Details

  • 7 Units
  • Crownhei Subdivision

Listing and Financial Details

  • Tax Block 1224

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,884

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$471 per month

Listing Details

  • Cross Street: Prospect Pl.
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: CROWNHEI
  • Entry Level: 99
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Living Area: 1013.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Terrace, Balcony

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 471.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 7
  • Total Stories: 4
  • Year Built: 2018

Tax Info

  • Tax Block: 1224
  • Tax Annual: 10884.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2018
Closed on
Sep 27, 2019
Sold by
Franklin Avenue Condo Llc
Bought by
Pollack Michael
Seller's Agent
Allison Dubuisson
Douglas Elliman Real Estate
List Price
$1,025,000
Sold Price
$1,025,000
Current Estimated Value
$1,217,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,562
Avg. Annual Appreciation
2.87%
Original Mortgage
$600,000
Outstanding Balance
$527,761
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$689,801
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
Pollack Michael $1,043,706 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pollack Michael $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $1,025,000 -- --
09/27/2019 09/27/19 Sold $1,025,000 0.0% $1,012 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
10/09/2018 10/09/18 For Sale $1,025,000 -- $1,012 / 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 $11,424 $116,131 $19,112 $97,019
2024 $11,424 $115,936 $19,112 $96,824
2023 $10,578 $96,613 $19,112 $77,501
2022 $5,627 $94,921 $19,112 $75,809
2021 $6,695 $75,910 $19,112 $56,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10563643

Real Estate Board of New York (REBNY)

APN: 01224-1508