NOT LISTED FOR SALE

886 Myrtle Ave Unit 1A Brooklyn, NY 11206

Bed-Stuy Neighborhood

Estimated Value: $637,000 - $740,000

1 Bed
1.5 Baths
750 Sq Ft
$284/mo HOA Fee

Last Sold July 31, 2019

Last sale price $480,000 $640 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,822/month

52 Days on Market

Highlights

  • Rooftop Deck
  • 3-minute walk to Myrtle-Willoughby Avenues
  • Laundry Facilities
  • Eat-In Kitchen
  • Central Air
  • 2-minute walk to Willoughby Playground

About This Home

As of July 2019

Beautifully renovated duplex apartment located in the exciting neighborhood of Bed-Stuy. This apartment has it all! Brand new Samsung stainless steel appliances, kitchen island with quartz counter top, marble bathrooms, white oak floors, Nest thermostat with central heat/AC, and washer/dryer in unit. Apartment 1A offers a duplex layout with a total of 750 sqft and an open concept living space. The spiral staircase leads to the lower level and can be used as a recreation/office space, artist studio, or large master bedroom with en suite.Conveniently located one block from the Myrtle-Willoughby Ave. G-train station, and a short walk to the Myrtle Ave J/M station, you are only 30 minutes from Manhattan. Cafes, groceries, delis, and restaurants can be found just minutes from your doorstep, with new shops and eateries opening up just around the corner.886 Myrtle Ave is a boutique condominium comprised of 16 units. Residents can enjoy both Brooklyn and Manhattan views from the rooftop terrace. With a tax abatement in place until 2032, this apartment has low monthlies, and is ideal for both primary residence or investment.

Last Agent to Sell the Property

Alexandra Newman

Serhant License #10401267998 Listed on: 05/09/2019

Serhant

Co-Listed By

Ron Pamposa

Serhant License #10401299125

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $144

Year Built

  • Built in 2006

HOA Fees

  • $284 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 750 Sq Ft Home
  • 4-Story Property
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 1 Bedroom

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 1755

Community Details

Overview

  • 16 Units
  • 886 888 Myrtle Avenue Condos
  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck
  • Building Terrace
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$144

Year Built

Built in 2006

Lot Details

0

HOA Fees

$284 per month

Listing Details

  • Cross Street: Marcy Avenue & Tompkins Avenue
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Entry Level: 1
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Eat-in Kitchen
  • Living Area: 750.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Building Roof Deck
  • Patio/Porch Features: Building Terrace

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 284.44
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 100.0 x 40.0

Building Info

  • New Construction: No
  • Building Name: 886-888 Myrtle Avenue
  • Units: 16
  • Total Stories: 4
  • Year Built: 2006

Tax Info

  • Tax Block: 1755
  • Tax Annual: 144.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Jul 31, 2019
Sold by
Melkonian Hovnan
Bought by
Dong Didarren and Dong Bingjing
Seller's Agent
Alexandra Newman
Serhant
List Price
$499,000
Sold Price
$480,000
Premium/Discount to List
-$19,000
-3.81%
Current Estimated Value
$679,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,518
Avg. Annual Appreciation
5.50%
Original Mortgage
$384,000
Outstanding Balance
$335,062
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$344,456

Purchase Details

Closed on
Nov 1, 2007
Sold by
Myrtle Holding Iii Llc
Bought by
Melkomian Hovnan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
6.41%
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
Dong Didarren $480,000 --
Dong Didarren $480,000 --
Dong Didarren $480,000 --
Melkomian Hovnan $235,000 --
Melkomian Hovnan $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dong Didarren $384,000
Closed Dong Didarren $384,000
Previous Owner Melkomian Hovnan $211,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2019 07/31/19 Sold $480,000 -3.8% $640 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $499,000 -- $665 / 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 $113 $61,155 $5,400 $55,755
2024 $113 $59,697 $5,400 $54,297
2023 $111 $59,535 $5,400 $54,135
2022 $110 $57,429 $5,400 $52,029
2021 $111 $42,660 $5,400 $37,260
2020 $54 $47,682 $5,400 $42,282
2019 $113 $47,709 $5,400 $42,309
2018 $115 $45,252 $5,400 $39,852
2017 $115 $36,504 $5,400 $31,104
2016 $116 $36,828 $5,400 $31,428
2015 $91 $32,319 $5,400 $26,919
2014 $91 $31,320 $5,400 $25,920
Source: Public Records

Agents Affiliated with this Home

  • Alexandra Newman

    Seller's Agent in 2019

    Alexandra Newman

    Serhant

    (646) 653-0234

    44 in this area

    225 Total Sales

    Alexandra Newman
    Section Image
  • Ron Pamposa

    Seller Co-Listing Agent in 2019

    Ron Pamposa

    Serhant

    (917) 543-9453

    7 in this area

    34 Total Sales

    Ron Pamposa
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10542100

Real Estate Board of New York (REBNY)

APN: 01755-1101

New York Kings County Brooklyn 11206 Bed-Stuy

886 Myrtle Ave Unit 1A, Brooklyn, NY

Not Listed for Sale

Condos

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