NOT LISTED FOR SALE

Estimated Value: $554,929 - $825,000

1 Bed
1 Bath
611 Sq Ft
-- Built

Sale Details

Date Sold: August 5, 2024

Last sale price $795,000 $1,301 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,582 / mo

16 Days on Market

Highlights

  • Rooftop Deck
  • 4-minute walk to Botanic Garden
  • 1 Car Garage
  • City View
  • Terrace
  • 2-minute walk to Dr. Ronald McNair Park

About This Home

As of August 2024

PRIVATE OUTDOOR SPACE - DEEDED PARKING - DEEDED STORAGE

Situated on the border of Crown Heights and Prospect Heights, this stunning 1BR condo features an open-concept living space, a well-appointed kitchen with stainless steel appliances, Carrara marble countertops, and custom rift-cut oak cabinetry. The tranquil king-sized bedroom boasts a walk-in closet with laundry, and a serene west-facing private terrace (accessible from both bedroom & living room) offers a perfect spot to relax. This beautiful residence showcases gorgeous hardwood floors throughout and includes deeded storage and a parking space.

The Prospect Building is a modern elevator condominium offering a fitness center, indoor parking garage, virtual doorman, and a spectacular shared roof deck with panoramic views of Brooklyn and Manhattan. The building is conveniently close to the S, 2, 3, 4, and 5 subways, the Brooklyn Museum and Botanical Garden, Prospect Park, and the area's finest shopping, dining, and amenities. Tax abatement is currently in effect until 2027.

Last Agent to Sell the Property

Christian Bari

EDIFY REAL ESTATE License #10311210492 Listed on: 05/17/2024

Co-Listed By

Keith Burkhardt

The Burkhardt Group LLC License #10491200707

Last Buyer's Agent

Louise Philips

Brown Harris Stevens Residential Sales LLC License #30PH0944567

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

HOA Fees

  • $480 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Assigned Parking

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 611 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer Hookup

Additional Features

  • Terrace
  • West Facing Home
  • No Cooling

Listing and Financial Details

  • Legal Lot and Block 1121 / 01178

Community Details

Overview

  • High-Rise Community
  • Crown Heights Subdivision

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Lot Details

0 Sq Ft Lot

HOA Fees

$480 per month

Parking

1

Listing Details

  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • Entry Level: 3
  • Structure Type: High Rise
  • Pets No Pets Comments: Pets Allowed,Building Pets Allowed Comments:Pets Allowed
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 611.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Garage

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Cooling: Other
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 480.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No

Tax Info

  • Tax Block: 01178
  • Tax Lot: 1121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Aug 5, 2024
Sold by
Ola-Niyi Oladero F
Bought by
Kong Kimora
Seller's Agent
Christian Bari
EDIFY REAL ESTATE
Buyer's Agent
Louise Philips
Brown Harris Stevens Residential Sales LLC
List Price
$775,000
Sold Price
$795,000
Premium/Discount to List
$20,000
2.58%
Views
8
Current Estimated Value
$735,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,518
Avg. Annual Appreciation
-4.50%
Original Mortgage
$636,000
Outstanding Balance
$627,774
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$107,708

Purchase Details

Closed on
Jan 11, 2017
Sold by
Lang Sylvia and Ola-Niyi Oladero F
Bought by
Ola-Niyi Oladero F

Purchase Details

Closed on
May 6, 2011
Sold by
823 Classon Avenue Llc
Bought by
Henderson Caitlin F and Moxley Amanda D
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

Date Buyer Sale Price Title Company
Kong Kimora $795,000 --
Kong Kimora $795,000 --
Ola-Niyi Oladero F -- --
Ola-Niyi Oladero F -- --
Henderson Caitlin F $350,000 --
Henderson Caitlin F $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kong Kimora $636,000
Closed Kong Kimora $636,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2024 08/05/24 Sold $795,000 +2.6% $1,301 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/18/2024 05/18/24 For Sale $775,000 -- $1,268 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $2,115 $47,565 $5,356 $42,209
2024 $2,115 $49,726 $5,356 $44,370
2023 $1,154 $45,185 $5,356 $39,829
2022 $354 $39,469 $5,356 $34,113
2021 $355 $27,878 $5,356 $22,522
2020 $174 $33,126 $5,356 $27,770
2019 $365 $31,686 $5,356 $26,330
2018 $368 $31,737 $5,356 $26,381
2017 $368 $30,425 $5,356 $25,069
2016 $373 $29,550 $5,356 $24,194
2014 $291 $24,417 $5,356 $19,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10989579

Real Estate Board of New York (REBNY)

APN: 01178-1121

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