NOT LISTED FOR SALE

The Beacon Tower 85 Adams St Unit 5 B Dumbo, NY 11201

DUMBO Neighborhood

Estimated Value: $997,974 - $1,252,000

1 Bed
1 Bath
847 Sq Ft
2006 Built

Last Sold January 12, 2017

Last sale price $899,000 $1,061 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,908/month

Highlights

  • Built in 2006 | Newly Remodeled
  • 1-minute walk to York Street
  • 2-minute walk to Susan Smith McKinney Steward Park
  • Garage
  • South Facing Home

About This Home

As of April 2019

This wonderfully super-sized one bedroom nestled in the heart of Dumbo, the hottest neighborhood Brooklyn, will have you rethinking city living. Soaring high ceilings, fabulously light & bright, a chef's open kitchen & breakfast bar, and an open plan living/dining room that is just perfect for entertaining. Oak hardwood floors, central air & heat, great fitted closets and a washer/dryer complete this amazing space. Beacon Tower Condominium has a beautiful roof top terrace with breathtaking views of Manhattan & Brooklyn Bridges, a fully equipped fitness center than can rival any Equinox - all which that overlooks a lush Zen garden. This full Service building also has a 24-hour doorman and a garage in the building. Enjoy all that Dumbo has to offer - the art galleries, fine dining restaurants & Brooklyn Bridge Park. Close proximity to all transportation including F, A, C, 2 and 3 train lines. Be the first to experience this great property!!

Last Agent to Rent the Property

Maria Cangiano

Brown Harris Stevens Residential Sales LLC License #30CA0973261 Listed on: 03/06/2019

Brown Harris Stevens Residential Sales LLC

Co-Listed By

Stefanie Cangiano

Brown Harris Stevens Residential Sales LLC License #10401244701

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2006 | Newly Remodeled

Lot Details

  • South Facing Home

Parking

  • Garage

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Community Details

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

Listing and Financial Details

  • Property Available on 5/15/19
  • Tax Block 00052

Condo Details

Home Type

Condominium

Year Built

Built in 2006 | Newly Remodeled

Lot Details

0

Rental Info

  • Available Date: 2019-05-15

Listing Details

  • Cross Street: FRONT STREET and YORK STREET
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Dumbo
  • ResoPropertyType: ResidentialLease
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 23

Interior Features

  • Appliances: Dryer, Washer

Beds/Baths

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

Exterior Features

  • Patio/Porch Features: Rooftop

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • New Construction: Yes
  • Building Name: BEACON TOWER
  • Units: 79
  • Total Stories: 23
  • Year Built: 2006

Tax Info

  • Tax Block: 00052

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Jan 11, 2017
Sold by
Gargano Carmine E
Bought by
Millington Kristiina H and Millington Stephen A
Seller's Agent
Maria Cangiano
Brown Harris Stevens Residential Sales LLC
List Price
$899,000
Sold Price
$899,000
Current Estimated Value
$1,132,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,994
Avg. Annual Appreciation
2.60%
Original Mortgage
$719,200
Outstanding Balance
$592,855
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$540,139

Purchase Details

Closed on
Apr 11, 2007
Sold by
85 Adams Street Llc
Bought by
Gargano Carmine E and Roseman Ida M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.18%
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
Millington Kristiina H $899,000 --
Gargano Carmine E $610,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Millington Kristiina H $719,200
Previous Owner Gargano Carmine E $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/20/2022 04/20/22 Off Market $3,950 -- --
04/09/2019 04/09/19 Rented -- -- --
04/09/2019 04/09/19 Rented $3,950 0.0% --
03/10/2019 03/10/19 Under Contract -- -- --
03/06/2019 03/06/19 For Rent $3,950 0.0% --
01/12/2017 01/12/17 Sold $899,000 0.0% $1,061 / Sq Ft View Prior Sale
12/13/2016 12/13/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $899,000 -- $1,061 / 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 $11,792 $105,586 $1,850 $103,736
2024 $11,792 $101,698 $1,850 $99,848
2023 $11,177 $101,661 $1,850 $99,811
2022 $8,713 $95,572 $1,850 $93,722
2021 $6,304 $84,312 $1,850 $82,462
2020 $2,098 $95,196 $1,850 $93,346
2019 $2,089 $91,887 $1,850 $90,037
2018 $255 $88,679 $1,850 $86,829
2017 $255 $80,383 $1,850 $78,533
2016 $258 $63,697 $1,850 $61,847
2015 $202 $49,321 $1,850 $47,471
2014 $202 $46,703 $1,850 $44,853
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2019

    Maria Cangiano

    Brown Harris Stevens Residential Sales LLC

    (212) 381-3295

    7 in this area

    15 Total Sales

    Maria Cangiano
    Section Image
  • Stefanie Cangiano

    Landlord's Co-Listing Agent in 2019

    Stefanie Cangiano

    Brown Harris Stevens Residential Sales LLC

    (212) 381-3364

    7 in this area

    13 Total Sales

    Stefanie Cangiano
    Section Image
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About The Beacon Tower

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10018480

Real Estate Board of New York (REBNY)

APN: 00052-1014

New York Kings County Brooklyn 11201 DUMBO

85 Adams St Unit 5 B, Brooklyn, NY

Not Listed for Sale

Condos

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