NOT LISTED FOR SALE

Estimated Value: $1,523,000 - $1,580,000

2 Beds
2 Baths
1,087 Sq Ft
$1,214/mo HOA Fee

Last Sold October 11, 2023

Last sale price $1,758,263 $1,618 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $10,503/month

Highlights

  • Newly Remodeled
  • 1-minute walk to Graham Avenue
  • City View
  • P.S. 132 The Conselyea School Rated A-
  • Rooftop Deck
  • Pre War Building

About This Home

As of October 2023

Schedule your exclusive on-site tour today! Model residence and sales gallery now open.In the heart of residential Williamsburg sits a historic brick building on Metropolitan Avenue, a former 1943 umbrella factory still intact with its notable charm. Following a vision for utilitarian chic residences, this remarkable building's dynamic narrative carries on with 69 stunning residential studios to three-bedroom loft condominiums.Expansive windows with Southern exposure & private outdoor space in this split two-bedroom layout. The views, high ceilings and exposed timber beams are the first details you will notice as you enter. See below to learn more about the key features in the fantastic offering.Residence Features: Wide Plank California Collection Select Grade Wood Flooring Exposed Timber Construction High Ceilings Energy-Efficient Soundproof Rating Wausau & Kawneer Windows Central Heating & Cooling LG Washer & Dryer Solid Core Doors w/ Matte Black Hardware Bertazzoni Range Fully Integrated Bosch Appliances Marra Blanca Countertop and Backsplash Custom Kitchen Cabinetry w/ Matte Black Hardware Moen Matte Black Faucet Under Cabinet LED Lighting Signature Catalina Deep Soaking Tub Toto Wall Mount Toilet Wetstyle Custom SinkBuilding Amenities: Doorman Onsite Parking with EV-Charger Fitness Center with Precor Equipment Landscaped & Furnished Roof Deck w/ BBQ Station Rooftop Dog Run Individual Storage Bike Storage DogwashNeighborhood:Just blocks away from the busy Williamsburg waterfront, The Umbrella Factory sits steps from the L train in a coveted residential area of the famed neighborhood. With shopping, restaurants, nightlight galore, there is no shortage of amenities with the best of Williamsburg at your fingertips. The Umbrella Factory residents can be in Manhattan in less than 10 minutes with the Graham Avenue L train stop down the block.Images may be renderings or virtually staged, and/or represent model unit(s) and may not be reflective of the subject unit.Real estate taxes stated herein are estimates for the projected first year of condominium operation and do not reflect the building as fully completed. For further detail regarding anticipated increases in real estate taxes upon 100% completion of the building, prospective purchasers should review the Notes to Schedule A in the Offering Plan, as amended.Equal Housing Opportunity. All dimensions and square footages are approximate and subject to construction variances and may vary from floor to floor. Images are renderings and may not be reflective of the layout of the subject residence in this advertisement. This advertisement is not an offering. Sponsor reserves the right to make changes in accordance with the offering plan. The complete offering terms are in an offering plan available from the Sponsor. File No. CD18-0482. Sponsor: 722 Metropolitan LLC c/o SL Development 1178 Broadway, 3rd Floor #1321 New York, NY 10001.

Last Agent to Sell the Property

David Chi

MNS License #10301205194 Listed on: 03/13/2023

Co-Listed By

Curtis Charles

MNS License #10401252110

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,553

Year Built

  • Built in 1943 | Newly Remodeled

HOA Fees

  • $1,214 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Pre War Building

Interior Spaces

  • 1,087 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • South Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 14 / 2764

Community Details

Overview

  • East Williamsburg Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,553

Year Built

Built in 1943 | Newly Remodeled

Lot Details

0

HOA Fees

$1,214 per month

Listing Details

  • Cross Street: Manhattan Avenue/Graham Avenue
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: East Williamsburg
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1087.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1214.18
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: Yes
  • Total Stories: 6
  • Year Built: 1943

Tax Info

  • Tax Block: 2764
  • Tax Lot: 14
  • Tax Annual: 5552.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Oct 11, 2023
Sold by
722 Metropolitan Llc
Bought by
Chen David
Seller's Agent
David Chi
MNS
List Price
$1,695,000
Sold Price
$1,758,263
Premium/Discount to List
$63,263
3.73%
Total Days on Market
0
Views
4
Current Estimated Value
$1,551,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$206,763
Avg. Annual Appreciation
-7.26%
Original Mortgage
$750,000
Outstanding Balance
$738,760
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$812,740
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
Chen David $1,758,263 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen David $750,000
Previous Owner Lexington Umbrella Vf Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $1,758,263 +3.7% $1,618 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $1,695,000 -- $1,559 / 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 $6,964 $58,607 $11,932 $46,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10911123

Real Estate Board of New York (REBNY)

APN: 02764-1158