NOT LISTED FOR SALE

689 Myrtle Ave Unit 3F Brooklyn, NY 11205

Bed-Stuy Neighborhood

Estimated Value: $823,000 - $976,000

2 Beds
1 Bath
1,005 Sq Ft
$678/mo HOA Fee

Last Sold October 05, 2021

Last sale price $875,000 $871 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,924/month

79 Days on Market

About This Home

As of October 2021

Bask in the sun streaming in through an entire wall of south facing windows and enjoy the gargantuan proportions of this classic loft with its 13' ceilings and 1000+ square feet of living space plus an additional full height sleeping space and a second bedroom. From the floor to ceiling closet in the hallway, to the huge jacuzzi tub to the gigantic storage room, so many things in this loft are over sized! The living area is open plan with designated spaces for cooking, dining, working and lounging. The kitchen has ample cabinets plus a large peninsula with a granite countertop and seating bar and a closet housing a washer dryer. The dining area has enough space for a large table and the living room, spanning the entire width of the apartment, is huge. At this level there is a bedroom, and upstairs there's a roomy sleeping loft complete with king sized bed and walk in closet, plus an additional loft level that can be used as a reading and lounging area. Underneath the platform is more storage than you could possibly need. The Chocolate Factory was built in 1947 and converted to condos in 2003 introducing Brooklyns first green roofa unique 5000 sq. ft. tranquil garden space with panoramic views of Manhattan and Brooklyn plus a rooftop atrium gym, giving you everything you need right at home. The building's large capacity elevator makes for effortless moving in, visiting the roof deck or storing your bike in the bike room. There's 24/7 video security and high-speed Verizon Fios internet included in the building's common charges. Wifi is also available to all residents on the roof if you prefer to work outside. The building just completed a facade renovation which will last for years to come.Right on the border of Bed Stuy and Clinton Hill, the bar and restaurant options abound. Pratt campus and the shops and cafes on Myrtle Avenue are a short stroll away as is Herbert Von King Park and the Kosciuszko pool. Also conveniently located in the vicinity is Fort Greene Park, Wegmans and the Brooklyn Navy Yard. The G train is 2 blocks away. Bike lanes and CitiBike stations are also all at your door.You came to New York to live in a loft! Come and get it!(*Please note, while potentially this can be used as a 2-bedroom, this property's legal description in the offering plan is a loft with one living area)

Last Agent to Sell the Property

Emma James

Corcoran Group License #10401293345 Listed on: 06/17/2021

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,188

Year Built

  • Built in 1947

HOA Fees

  • $678 Monthly HOA Fees

Home Design

  • 1,005 Sq Ft Home
  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • South Facing Home
  • Central Air

Community Details

  • 45 Units
  • Chocolate Factory Condos
  • Bedford Stuyvesant Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 1734

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,188

Year Built

Built in 1947

Lot Details

0

HOA Fees

$678 per month

Listing Details

  • Cross Street: BEDFORD AVENUE and SPENCER STREET
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Entry Level: 3
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1005.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 678.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: Chocolate Factory
  • Units: 45
  • Total Stories: 5
  • Year Built: 1947

Tax Info

  • Tax Block: 1734
  • Tax Annual: 7188.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Oct 5, 2021
Sold by
Lin Richard
Bought by
Bertelli Francesco
Seller's Agent
Emma James
Corcoran Group
List Price
$900,000
Sold Price
$875,000
Premium/Discount to List
-$25,000
-2.78%
Current Estimated Value
$881,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,637
Avg. Annual Appreciation
0.18%
Original Mortgage
$620,000
Outstanding Balance
$564,154
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$317,483

Purchase Details

Closed on
Dec 13, 2016
Sold by
Lin Richard
Bought by
Lin Richard

Purchase Details

Closed on
Sep 2, 2003
Sold by
Chocolate Partners Llc
Bought by
Lin Richard and Park Eonkyong Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,600
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bertelli Francesco $875,000 --
Lin Richard -- --
Lin Richard $328,536 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bertelli Francesco $620,000
Previous Owner Lin Richard $291,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2021 10/05/21 Sold $875,000 -2.8% $871 / Sq Ft
09/05/2021 09/05/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $900,000 -- $896 / 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 $8,000 $68,636 $3,223 $65,413
2024 $8,000 $71,023 $3,223 $67,800
2023 $6,420 $64,070 $3,223 $60,847
2022 $6,106 $60,489 $3,223 $57,266
2021 $5,906 $60,728 $3,223 $57,505
2020 $2,796 $68,914 $3,223 $65,691
2019 $5,288 $68,248 $3,223 $65,025
2018 $5,852 $65,861 $3,223 $62,638
2017 $5,404 $50,353 $3,223 $47,130
2016 $5,025 $45,916 $3,223 $42,693
2015 $2,317 $41,549 $3,222 $38,327
2014 $2,317 $38,038 $3,223 $34,815
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10726637

Real Estate Board of New York (REBNY)

APN: 01734-1124