NOT LISTED FOR SALE

Estimated Value: $2,539,747 - $3,201,000

2 Beds
2 Baths
2,200 Sq Ft
$1,383/mo HOA Fee

Last Sold November 09, 2022

Last sale price $5,330,000 $2,423 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $18,305/month

About This Home

As of November 2022

A transitional marvel redesigned and fully restored by noted architect Thomas Jensen, Apartment 514 at the Mill Building is perhaps Williamsburg's most coveted authentic loft.



At almost 2200sf, with soaring 16 to 27 foot ceilings, original wood columns, beams, exposed brick and one of the most incredible private roof decks in Brooklyn, this stunning property combines old world authentic detail with masterful modern design and convenience.



The apartment opens into a sprawling loft area revealing soaring ceilings and a massive entertaining space. The centerpiece of which is an outdoor oasis rarely found in New York City. A private staircase illuminated by skylights almost 27 feet up terminates at a wall of windows revealing a stunning 1600sf private roof deck. Meticulously curated and landscaped, this stunning refuge boasts a full outdoor kitchen with a gas range, a chic dining area with a pergola, living room, sun lounge and a "wet deck," with outdoor shower and a cedar hot tub. All of this on the backdrop of the Williamsburg Bridge, the East River and the Manhattan skyline with idyllic south-western exposure.



The apartment also includes a stunning open kitchen with a massive island, custom stainless-steel cabinetry by Hafele, Caesarstone countertops, a 6 burner Wolf stove, vented hood, Subzero fridge, Miele Dishwasher, Walnut shelving and Dornbracht fixtures.



The primary suite encompasses the entire western wing of the apartment and features a massive en-suite bathroom complete with a custom designed concrete trough sink, heated slate floors, marble tiled walls, a separate shower and an oversized freestanding tub. All of which flows to an expansive custom designed walk-in closet.



Other features include two split bedrooms with en-suite bathrooms, a home office, built in walnut cabinetry, custom cedar shutters, oak flooring, stunning southern sunlight, a powder room, a full laundry/utility room with a vented washer and dryer and a wine fridge. The apartment is also a smart home including 5-zone Sonos stereo system with in-ceiling speakers, central HVAC with Ecobee thermostats, and a Lutron lighting system. 514 can be offered furnished or unfurnished and with a dedicated parking spot with electric charging.



Located in Williamsburg's premier waterfront, The Mill Building represents the definition of classic loft living and features a full-time doorman, an extraordinary common roof terrace with children's play area, onsite garage, storage, and a bike room. Only 2 blocks from Whole Foods, Equinox, the Apple Store, the North 4th Ferry, and steps from the the L, J, M, and Z trains!



Purchaser pays 1.5% capital contribution.

Last Agent to Sell the Property

Wesley Stanton

Douglas Elliman Real Estate License #40ST1068101 Listed on: 10/17/2022

Douglas Elliman Real Estate

Co-Listed By

Jordan Hoch

Douglas Elliman Real Estate License #10301201690

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,644

Year Built

  • Built in 1910

HOA Fees

  • $1,383 Monthly HOA Fees

Home Design

  • 2,200 Sq Ft Home
  • Pre War Building
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Community Details

  • 63 Units
  • The Mill Building Condos
  • 7-Story Property

Listing and Financial Details

  • Tax Block 02350

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,644

Year Built

Built in 1910

Lot Details

0

HOA Fees

$1,383 per month

Listing Details

  • Cross Street: WYTHE AVENUE and BERRY STREET
  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Architectural Style: Prewar
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 2200.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

  • Patio/Porch Features: Rooftop

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1383.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: THE MILL BUILDING
  • Units: 63
  • Total Stories: 7
  • Year Built: 1910

Tax Info

  • Tax Block: 02350
  • Tax Annual: 4644.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2022
Closed on
Nov 9, 2022
Sold by
Guttman Joshua L
Bought by
Jt Real Estate Holdings Llc
Seller's Agent
Wesley Stanton
Douglas Elliman Real Estate
List Price
$5,995,000
Sold Price
$5,330,000
Premium/Discount to List
-$665,000
-11.09%
Views
3
Current Estimated Value
$2,847,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,482,418
Avg. Annual Appreciation
-19.44%
Original Mortgage
$1,500,000
Outstanding Balance
$1,453,230
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,394,352

Purchase Details

Closed on
Jun 20, 2013
Sold by
514 Realty Group Llc
Bought by
Guttman Joshua L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,185,000
Interest Rate
3.93%

Purchase Details

Closed on
Dec 13, 2010
Sold by
Mandel Michael
Bought by
514 Realty Group Llc

Purchase Details

Closed on
Dec 20, 2007
Sold by
Mandel Michael
Bought by
North 3Rd Holdings Llc

Purchase Details

Closed on
Oct 24, 2007
Sold by
Princeton 514 Associates Llc
Bought by
Mandel Michael

Purchase Details

Closed on
Oct 18, 2007
Sold by
Northside Development Llc
Bought by
Princeton 514 Associates Llc
Source: Public Records

Range of Values:

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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
Jt Real Estate Holdings Llc $5,330,000 --
Guttman Joshua L $1,700,000 --
514 Realty Group Llc $175,000 --
Mandel Michael -- --
North 3Rd Holdings Llc -- --
Mandel Michael -- --
Princeton 514 Associates Llc $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jt Real Estate Holdings Llc $1,500,000
Previous Owner Guttman Joshua L $1,185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2022 11/09/22 Sold $5,330,000 -11.1% $2,423 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
10/17/2022 10/17/22 For Sale $5,995,000 0.0% $2,725 / Sq Ft
05/16/2022 05/16/22 Rented $16,500 0.0% --
04/11/2022 04/11/22 Price Changed $16,500 0.0% $8 / Sq Ft
04/11/2022 04/11/22 For Rent $16,500 0.0% --
02/02/2021 02/02/21 Rented -- -- --
12/18/2020 12/18/20 For Rent $16,500 -- --
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 $21,174 $237,233 $4,954 $232,279
2024 $21,174 $228,428 $4,954 $223,474
2023 $16,156 $220,835 $4,954 $215,881
2022 $7,997 $221,454 $4,954 $216,500
2021 $4,664 $174,364 $4,954 $169,410
2020 $1,151 $165,087 $4,954 $160,133
2019 $333 $165,087 $4,954 $160,133
2018 $1,914 $138,501 $4,954 $133,547
2017 $1,796 $111,684 $4,954 $106,730
2016 $1,774 $99,478 $4,954 $94,524
2015 -- $95,982 $4,954 $91,028
2014 -- $92,710 $4,954 $87,756
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10807377

Real Estate Board of New York (REBNY)

APN: 02350-1064