NOT LISTED FOR SALE

689 Myrtle Ave Unit 5I Brooklyn, NY 11205

Bed-Stuy Neighborhood

Estimated Value: $924,000 - $1,449,262

1 Bed
1 Bath
1,182 Sq Ft
1947 Built

Sale Details

Date Sold: July 14, 2021

Last sale price $1,100,000 $931 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $8,262 / mo

20 Days on Market

About This Home

As of July 2021

With a footprint of almost 1200 square feet and yards of windows facing Manhattan, this quintessential loft with 13' ceilings and industrial accents truly epitomizes New York living. The expansive hallway furnished with a magnificent solid oak pew offers a gallery for your artwork, access to a huge walk in closet, a stylishly appointed bathroom and functional washer dryer closet. Behind the gallery wall and, unlike many of the lofts in this building, there is an actual bedroom and it is gigantic! Enjoy it as is with an incredible wall of floor to ceiling Elfa shelving, or easily separate the space into two bedrooms. The living area is open plan with designated spaces for cooking, dining, working and lounging. The kitchen has ample cabinet space and a large island with a granite countertop and seating for at least 4 people. Adjacent to this is an office nook and then a cute balcony, perfect for a handy vegetable garden. The dining area is oversized with enough space for a large table and then finally, the corner lounge area is bathed in light from 3 aspects during the day and offers twinkling Manhattan views at night. The building has forced heat and air, yet this unit is the only one to have upgraded to a Mitubishi mini-split system which is efficient and whisper quiet. This upgrade freed up space for a 6'x3'x3' in-unit storage space tucked away up high. The Chocolate Factory was built in 1947 and converted to condos in 2003 introducing Brooklyn?s first green roof?a 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!

Last Agent to Sell the Property

Emma James

Corcoran Group License #10401293345 Listed on: 04/14/2021

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,236

Year Built

  • Built in 1947

HOA Fees

  • $784 Monthly HOA Fees

Home Design

  • 1,182 Sq Ft Home
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • 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

$7,236

Year Built

Built in 1947

Lot Details

0 Sq Ft Lot

HOA Fees

$784 per month

Listing Details

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

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1182.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

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: 784.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 107.0 x 100.0

Building Info

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

Tax Info

  • Tax Block: 1734
  • Tax Annual: 7236.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Jul 14, 2021
Sold by
Bought by
Seller's Agent
Emma James
Corcoran Group
List Price
$995,000
Sold Price
$1,100,000
Premium/Discount to List
$105,000
10.55%
Current Estimated Value
$1,218,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,316
Avg. Annual Appreciation
2.05%
Original Mortgage
$810,000
Interest Rate
0.0293%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,325
Interest Rate
0.0341%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,100,000 --
$244,933 --
$450,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $810,000
Previous Owner $100,000
Previous Owner $76,325
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2021 07/14/21 Sold $1,100,000 +10.6% $931 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $995,000 -- $842 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,084 $80,383 $4,001 $76,382
2025 $9,931 $85,198 $4,001 $81,197
2024 $9,931 $88,161 $4,001 $84,160
2023 $7,969 $79,531 $4,001 $75,530
2022 $9,187 $75,086 $4,001 $71,085
2021 $7,389 $75,382 $4,001 $71,381
2020 $3,740 $85,544 $4,001 $81,543
2019 $6,622 $84,716 $4,001 $80,715
2018 $7,336 $81,753 $4,001 $77,752
2017 $6,760 $62,503 $4,001 $58,502
2016 $6,311 $56,996 $4,000 $52,996
2015 $3,148 $51,575 $4,000 $47,575
2014 $3,148 $47,217 $4,001 $43,216
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10711362

Real Estate Board of New York (REBNY)

APN: 01734-1145

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