NOT LISTED FOR SALE

The Beacon Tower 85 Adams St Unit 7A Floor 7 Brooklyn, NY 11201

DUMBO Neighborhood

Estimated Value: $1,406,508 - $1,536,000

2 Beds
2 Baths
1,165 Sq Ft
$1,017/mo HOA Fee

Last Sold July 15, 2021

Last sale price $1,290,000 $1,107 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,071/month

32 Days on Market

Highlights

  • City View
  • 1-minute walk to York Street
  • 2-minute walk to Susan Smith McKinney Steward Park
  • Central Air

About This Home

As of July 2021

Welcome to 85 Adams Street, 7A, a fabulous two-bedroom/two-bathroom apartment! This home features soaring 11' ceilings and wonderful views of DUMBO. Floating Cappellini shelves in the living area and Design Within Reach sconces add to the light and airy feeling present throughout. In-unit Bosch washer and dryer and customized closet space maximizes space and functionality. Oversized windows flood the space with light, and custom-made drapes in the primary bedroom promote a good night's sleep. At 1,165 square feet with no wasted space, you have ample room to configure the living space to your liking. The kitchen is fully equipped with stainless steel appliances, dishwasher, oak cabinets, and stone counter top.

This full-service building has a 24-hour concierge, 1,600 square foot gym with outside views of the zen garden, onsite garage (extra cost), and a rooftop garden with some of the most amazing views of New York City. There is also bike storage in the garage. The F train at York Street is a mere block away, and the A/C/2/3 trains are in the area as well. Pet-friendly.

Last Agent to Sell the Property

Patricia Galante

Corcoran Group License #30GA0950308 Listed on: 04/05/2021

Corcoran Group

Co-Listed By

Charles Zivancev

Corcoran Group License #30ZI0986231

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,772

Year Built

  • Built in 2006

HOA Fees

  • $1,017 Monthly HOA Fees

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 1,165 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Community Details

  • 79 Units
  • Beacon Tower Condos
  • Dumbo Vinegar Hill Subdivision
  • 23-Story Property

Listing and Financial Details

  • Tax Block 52

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,772

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,017 per month

Listing Details

  • Cross Street: FRONT STREET and YORK STREET
  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Dumbo - Vinegar Hill
  • Entry Level: 7
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 23

Interior Features

  • Interior Features: Separate/Formal Dining Room
  • Appliances: Dryer, Washer
  • Living Area: 1165.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1017.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: Beacon Tower
  • Units: 79
  • Total Stories: 23
  • Year Built: 2006

Tax Info

  • Tax Block: 52
  • Tax Annual: 5772.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jul 15, 2021
Sold by
Love Thomas Morgan
Bought by
Chen David
Seller's Agent
Patricia Galante
Corcoran Group
List Price
$1,299,000
Sold Price
$1,290,000
Premium/Discount to List
-$9,000
-0.69%
Current Estimated Value
$1,472,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,877
Avg. Annual Appreciation
2.99%
Original Mortgage
$903,000
Outstanding Balance
$817,554
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$655,323

Purchase Details

Closed on
Mar 9, 2007
Sold by
85 Adams Street Llc
Bought by
Thomas Morgan Love
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
Chen David $1,290,000 --
Thomas Morgan Love $865,512 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen David $903,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $1,290,000 -0.7% $1,107 / Sq Ft
05/08/2021 05/08/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $1,299,000 0.0% $1,115 / Sq Ft
08/20/2018 08/20/18 Rented -- -- --
07/21/2018 07/21/18 Under Contract -- -- --
07/12/2018 07/12/18 For Rent $4,900 -- --
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 $16,221 $145,245 $2,543 $142,702
2024 $16,221 $139,897 $2,543 $137,354
2023 $15,375 $139,845 $2,543 $137,302
2022 $11,986 $131,470 $2,543 $128,927
2021 $8,672 $115,980 $2,543 $113,437
2020 $2,886 $130,952 $2,543 $128,409
2019 $2,873 $126,400 $2,543 $123,857
2018 $351 $121,986 $2,542 $119,444
2017 $351 $110,574 $2,542 $108,032
2016 $356 $87,620 $2,542 $85,078
2015 $278 $67,845 $2,543 $65,302
2014 $278 $64,246 $2,542 $61,704
Source: Public Records

Agents Affiliated with this Home

  • Patricia Galante

    Seller's Agent in 2021

    Patricia Galante

    Corcoran Group

    (718) 878-1718

    1 in this area

    13 Total Sales

    Patricia Galante
    Section Image
  • Charles Zivancev

    Seller Co-Listing Agent in 2021

    Charles Zivancev

    Corcoran Group

    (917) 923-0248

    1 in this area

    14 Total Sales

    Charles Zivancev
    Section Image
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About The Beacon Tower

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10709013

Real Estate Board of New York (REBNY)

APN: 00052-1021

New York Kings County Brooklyn 11201 DUMBO

85 Adams St Unit 7A, Brooklyn, NY

Not Listed for Sale

Condos

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