NOT LISTED FOR SALE

720 Nostrand Ave Unit 5R Brooklyn, NY 11216

Crown Heights Neighborhood

Estimated Value: $1,142,000 - $1,426,000

2 Beds
2 Baths
1,022 Sq Ft
$452/mo HOA Fee

Last Sold April 07, 2022

Last sale price $1,090,000 $1,067 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $8,308/month

55 Days on Market

About This Home

As of April 2022

Flooded with light this turnkey home is a one of a kind masterpiece. A perfect layout leaves for zero wasted space. From the moment you enter the hardwood floors lead you to your living and dining room. An entertainers dream the apartment has an optimal open kitchen layout. The apartment has received upgrades throughout starting with the Plain English bespoke kitchen which is handmade by skilled craftsmen using traditional techniques which bring about a unique, unmatched beauty. Countertops have been replaced with leathered quartzite (real stone) from Artistic Tile that won't stain or show age. Storage has been expanded and upgraded with custom pull out trays for pots and pans as well as cleaning sprays, drawers for trash and recycling and the cabinetry has been upgraded as well. Stainless steel appliances can be found in the kitchen as well as a vented stove. The beautiful hardware makes for the perfect finishing touch.Currently configured with a massive dining room table for six the space can easily fit a table of ten. The pin drop quiet living room which has double paned windows (that can be found all throughout the home) overlooks the garden. The oversized primary bedroom is currently outfitted with a king size bed and two night tables. As shown in the photo there is plenty of additional space for a home office as well as a dresser. A massive closet can be found in this room as well. The primary ensuite bathroom has been upgraded with new vanities, sink from Kohler radiant heated floors and mosaic tile floor from Artistic Tile. There is a terrace conveniently located off of the primary suite. The second bedroom also large in size is perfectly located past the living room. A second full bathroom has also been upgraded to include new vanities, Kohler sink, and shower head from Rejuvenation. Lighting has been upgraded with dimmers throughout the home and all doors are made out of real wood. A washer and dryer can be found in the home as well. Recently completed in 2018 this ten unit elevator boutique building is perfectly located in Crown Heights between Prospect and Park Place. A common recreational area is outfitted with leather and velvet seating, an electric fireplace, custom reclaimed wood furniture, and a fully equipped kitchen. The building also has a Peloton as well as furnished roof deck. Conveniently located next to the 2 and 3 trains as well as the A,C,E and the 4 and 5 trains. A newly renovated Key Food can be found across the street. There is a Union Market scheduled to open this winter nearby. Additionally, there is a Playground and Brooklyn Children's Museum as well as The Brooklyn Museum located nearby as well. The apartment comes with private storage.

Last Agent to Sell the Property

Alexander Boriskin

Douglas Elliman Real Estate License #10401262789 Listed on: 11/29/2021

Douglas Elliman Real Estate

Co-Listed By

Jared Halpern

Douglas Elliman Real Estate License #10401265334

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,264

Year Built

  • Built in 2017

HOA Fees

  • $452 Monthly HOA Fees

Home Design

  • 1,022 Sq Ft Home
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Outdoor Features

  • Terrace

Community Details

  • 10 Units
  • Crown Heights Subdivision
  • 6-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,264

Year Built

Built in 2017

Lot Details

0

HOA Fees

$452 per month

Listing Details

  • Cross Street: PROSPECT PLACE and PARK PLACE
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 1022.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

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

Exterior Features

  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 452.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Units: 10
  • Total Stories: 6
  • Year Built: 2017

Tax Info

  • Tax Block: NA
  • Tax Annual: 12264.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Apr 7, 2022
Sold by
Bindloss Laura Anne Cannon and Bindloss Simon Hardy
Bought by
Higgins Wesley C
Seller's Agent
Alexander Boriskin
Douglas Elliman Real Estate
List Price
$1,149,000
Sold Price
$1,090,000
Premium/Discount to List
-$59,000
-5.13%
Current Estimated Value
$1,235,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,252
Avg. Annual Appreciation
3.58%
Original Mortgage
$872,000
Outstanding Balance
$815,555
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$419,697

Purchase Details

Closed on
Feb 15, 2019
Sold by
Nostrand Street Properties Llc
Bought by
Bindloss Simon Hardy and Cannon Bindloss Laura Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
4.4%
Mortgage Type
Unknown
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
Higgins Wesley C $1,090,000 --
Bindloss Simon Hardy $870,604 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Higgins Wesley C $872,000
Previous Owner Bindloss Simon Hardy $684,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2022 04/07/22 Sold $1,090,000 -5.1% $1,067 / Sq Ft
12/06/2021 12/06/21 For Sale $1,149,000 -- $1,124 / 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 $16,536 $143,640 $20,736 $122,904
2024 $16,536 $148,824 $20,736 $128,088
2023 $12,394 $143,035 $20,736 $122,299
2022 $9,306 $140,573 $20,736 $119,837
2021 $12,288 $124,502 $20,736 $103,766
2020 $11,569 $120,874 $20,736 $100,138
2019 $13,129 $112,622 $20,736 $91,886
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10764950

Real Estate Board of New York (REBNY)

APN: 01233-1209