NOT LISTED FOR SALE

734 E 5 St Unit 1R Brooklyn, NY 11218

Kensington Neighborhood

Estimated Value: $722,000 - $1,038,000

2 Beds
2.5 Baths
1,300 Sq Ft
6,011 Sq Ft Lot

Last Sold February 10, 2022

Last sale price $799,000 $615 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,736/month

Highlights

  • Handicap Accessible
  • Central Air
  • Laundry Facilities
  • Ditmas Junior High school Rated A-

About This Home

As of February 2022

Modern oversized duplex condo with deeded parking space in Kensington. This spacious unit also includes a private, 160 sq ft., outdoor patio off of the living room. The 1,300 sq ft. of interior living space includes 7 rooms and 3 bathrooms. The main level has an open concept living/dining/kitchen space including marble countertops, double sinks, premium stainless steel appliances and high-end cabinetry. There's also laundry and 2 bedrooms on the main level including an en suite bathroom (w/jetted tub) in the master and an additional full bathroom in the hall. The lower level is fully finished and contains a large recreational room, half bathroom, a bonus room that is currently used as a third bedroom and an additional bonus room currently being used for storage. Additional features include central air conditioning, hardwood flooring and recessed lighting. This well built and well maintained condo has high end finishes and is centrally located within walking distance to several train lines and plenty of shopping. Handicap Accessible and fully ADA compliant. Tax abated until 2026. Call us any time with any questions.

Last Agent to Sell the Property

Louis Calemine

Calemine & Co. Real Estate, LL Listed on: 04/13/2021

Last Buyer's Agent

Louis Calemine

Calemine & Co. Real Estate, LL Listed on: 04/13/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,220

Year Built

  • Built in 2006

Lot Details

  • 6,011

Parking

  • Deeded Parking

Home Design

  • 1,300 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Stove
  • Handicap Accessible
  • Central Air

Listing and Financial Details

  • Tax Block 5398
  • Property eligible for a tax abatement

Community Details

Overview

  • 8 Units
  • Association Phone (718) 338-4607
  • 5Th Street Condos
  • Property managed by Abstract Management

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,220

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Total Bathrooms: 3.00
  • Baths Total Level1: 3.00
  • Beds Total Level1: 2
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue F
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Yes
  • Maintenance Common Fee: 530.00
  • Negotiate Thru: Broker
  • Parking Attributes: Deeded
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: Central Air, Laundry Area, Refrigerator, Stove
  • Rooms Total Level1: 7
  • Fill Sq Ft Total: 1300
  • Street Name I D X: 5
  • Street Number I D X: 734
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Floor: 1
  • Room Count: 10
  • Total Rooms: 7
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 1001

Utilities

  • Air Conditioning Units: 0
  • Utilities: Water

Condo/Co-op/Association

  • Management Company: Abstract Management
  • Manager Phone: 718-338-4607
  • Units In Building: 8

Lot Info

  • Building Project Name: 5th Street Condos

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 2220.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
Closed on
Feb 10, 2022
Sold by
Ramos Jesus M and Ramos Martha
Bought by
Gardam Rachel and Lewis Christopher
Seller's Agent
Louis Calemine
Calemine & Co. Real Estate, LL
Buyer's Agent
Louis Calemine
Calemine & Co. Real Estate, LL
Sold Price
$799,000
Current Estimated Value
$918,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,333
Avg. Annual Appreciation
3.28%
Original Mortgage
$719,100
Outstanding Balance
$671,538
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$223,129

Purchase Details

Closed on
Sep 9, 2014
Sold by
734 East 5Th Condominiums Llc
Bought by
Ramos Jesus M and Ramos Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
4.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Gardam Rachel $799,000 --
Gardam Rachel $799,000 --
Ramos Jesus M $538,654 --
Ramos Jesus M $538,654 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardam Rachel $719,100
Closed Gardam Rachel $719,100
Previous Owner Ramos Jesus M $50,000
Previous Owner Ramos Jesus M $2,538
Previous Owner Ramos Jesus M $359,000
Previous Owner Ncc Holdings Llc $476,000
Previous Owner Ncc Holdings Llc $1,224,000
Previous Owner Benzion Frankel Pc As Nominee $1,700,000
Previous Owner Benzion Frankel Pc As Nominee $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2022 02/10/22 Sold $799,000 -- $615 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $8,499 $75,686 $15,248 $60,438
2024 $8,499 $67,984 $15,248 $52,736
2023 $7,025 $78,566 $15,248 $63,318
2022 $5,197 $69,021 $15,248 $53,773
2021 $3,337 $64,024 $15,248 $48,776
2020 $959 $72,608 $15,248 $57,360
2019 $335 $72,608 $15,248 $57,360
2018 $338 $69,844 $15,248 $54,596
2017 $338 $60,849 $15,248 $45,601
2016 $342 $70,609 $15,249 $55,360
2015 $268 $55,088 $15,249 $39,839
2014 $268 $49,796 $15,248 $34,548
Source: Public Records

Agents Affiliated with this Home

  • Louis Calemine

    Seller's Agent in 2022

    Louis Calemine

    Calemine & Co. Real Estate, LL

    (718) 998-1100

    1 in this area

    27 Total Sales

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 450073

Brooklyn Board of REALTORS®

APN: 05398-1001

New York Kings County Brooklyn 11218 Kensington

734 E 5 St Unit 1R, Brooklyn, NY

This home is located at 734 E 5 St Unit 1R, Brooklyn, NY 11218 since 13 April 2021 and is currently estimated at $930,333, approximately $715 per square foot. This property was built in 2006. 734 E 5 St Unit 1R is a home located in Kings County with nearby schools including P.S. 179 Kensington, Ditmas Junior High school, and Brooklyn Dreams Charter School.

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