NOT LISTED FOR SALE

Estimated Value: $621,000 - $796,000

1 Bed
1 Bath
570 Sq Ft
$538/mo HOA Fee

Last Sold June 13, 2019

Last sale price $599,000 $1,051 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,652/month

22 Days on Market

Highlights

  • Rooftop Deck
  • Balcony
  • Central Air
  • City View
  • Eat-In Kitchen
  • 3-minute walk to Oracle Playground

About This Home

As of June 2019

Welcome to The Verdi Condominiums at 80 Adelphi Street in Fort Greene, Brooklyn adjacent to the Brooklyn Navy Yard, a booming development along the northern shores of the East River that is quickly changing the shape of the Fort Greene neighborhood. This highly sought address in Brooklyn is easily accessible to the thriving cultural, dining, shopping, and art scenes of Fort Greene, Downtown Brooklyn, and DUMBO.

With open views of Manhattans iconic skyline, the Brooklyn Navy Yard, and the brownstone laden streets of Fort Greene, you cant miss seeing what this home has to offer. Built in 2009, the condominium provides a modern facade in this historical neighborhood and has an ongoing property tax abatement that continues through 2025. The building consists of fourteen residences and with summer fast approaching you wont want to miss spending those beautiful New York summer days on the shared roof deck with 360 degree views of Brooklyn & Manhattan. Common charges are low and include an elevator, voice & video intercom, laundry, building maintenance by a superintendent, and shared roof access.

Residence 4A is an open concept, sunny one bedroom, one bathroom home with a balcony and floor-to-ceiling double-pane, soundproof windows with wide open views facing north and east. Prepare a gourmet meal on the gas range while looking out the kitchen window at the Manhattan skyline, take in the morning sunrises with coffee and the New York Times from the east facing balcony, or enjoy a quiet evening at home relaxing in the soaking tub. The recently renovated kitchen includes gorgeous marble counter tops, a stainless steel sink with premium faucet and soap dispenser, and stainless steel appliances, including a gas range, double door refrigerator, and a full-size dishwasher with enough room to install a washer & dryer. An over-sized bedroom allows for various furniture options and contains a large, double swinging door closet. You will never worry about temperature control as this apartment provides central air conditioning and heating.

This home not only makes the perfect residence for Brooklynites, it also serves as a smart investment property for investors seeking a competitive return on investment. The Brooklyn Navy Yard is a rapidly developing industrial, office, and retail hot spot hosting over 10,000 jobs at 300+ companies, such as WeWork, Steiner Studios, and Black Box. In 2018, the Brooklyn Navy Yard Development Corporation released plans to invest $2.5 billion in additional square footage, which will bring 13,000 additional jobs (and residents) to the area. Buy-in now at an already strong cap rate and your return on investment will continue growing year after year.

Are you working late nights in the Brooklyn Navy Yard and want a home nearby to maximize your work/life balance? Are you looking for a home within 15 minutes of the Pratt Institute? Are you seeking a quick commute to downtown Brooklyn or Manhattan? Are you a real estate investor seeking to capitalize on the high returns the Brooklyn Navy Yard will continue bringing to the neighborhood? Perhaps you are a Fort Greene aficionado looking for modern living? This home is for you! Contact us today to schedule a private showing.

Co-Listed By

MaryElizabeth S Licensed as Mary Smith

Corcoran Group License #10401264684

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $120

HOA Fees

  • $538 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 570 Sq Ft Home
  • City Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Balcony
  • Central Air

Community Details

Overview

  • Fort Greene Subdivision

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$120

Lot Details

0

HOA Fees

$538 per month

Listing Details

  • Cross Street: Myrtle Avenue / Park Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Fort Greene
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Interior Features: Eat-in Kitchen
  • Living Area: 570.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 538.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No

Tax Info

  • Tax Block: 0
  • Tax Annual: 120.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2019
Closed on
Jun 13, 2019
Sold by
Andrews Ava Lavern
Bought by
Breneman Joanna
List Price
$599,000
Sold Price
$599,000
Current Estimated Value
$706,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,936
Avg. Annual Appreciation
2.55%
Original Mortgage
$539,100
Outstanding Balance
$474,001
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$232,935

Purchase Details

Closed on
May 26, 2010
Sold by
Adelphi Street Associates Llc
Bought by
Andrews Ava Lavern

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,128
Interest Rate
4.82%
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
Breneman Joanna $599,000 --
Andrews Ava Lavern $278,904 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Breneman Joanna $539,100
Previous Owner Andrews Ava Lavern $267,128
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $599,000 -- --
06/13/2019 06/13/19 Sold $599,000 0.0% $1,051 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $599,000 -- $1,051 / 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 $5,067 $55,722 $4,635 $51,087
2024 $5,067 $53,682 $4,635 $49,047
2023 $3,589 $58,951 $4,635 $54,316
2022 $2,280 $55,317 $4,635 $50,682
2021 $1,112 $41,373 $4,635 $36,738
2020 $59 $46,940 $4,635 $42,305
2019 $124 $42,129 $4,635 $37,494
2018 $125 $39,832 $4,635 $35,197
2017 $125 $37,940 $4,634 $33,306
2016 $127 $34,995 $4,635 $30,360
2015 $99 $27,104 $4,635 $22,469
2014 $99 $28,104 $4,635 $23,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10529997

Real Estate Board of New York (REBNY)

APN: 02044-1006