NOT LISTED FOR SALE

Estimated Value: $2,701,000 - $3,172,519

4 Beds
3 Baths
2,251 Sq Ft
3.37 Acres

Last Sold January 04, 2018

Last sale price $2,530,000 $1,124 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $17,177/month

Highlights

  • Pre War Building
  • 2-minute walk to York Street
  • 2-minute walk to Susan Smith McKinney Steward Park

About This Home

As of September 2021

Designed by acclaimed architecture firm ODA, 51 Jay Street sets a new standard for living in DUMBO. Intensive study went into creating this duplex loft that is both elegantly proportioned and highly functional, a rare combination in warehouse conversions. Looking out over Dumbo's historic streets, this duplex residence is spread over two spacious levels and is loft living at its finest. In a nod to the charm of its industrial roots, the living rooms feature dramatic, double-height ceilings, expansive casement windows, and oak herringbone floors. Bedrooms on the second floor showcase blackened steel frame, wire-mesh windows that open out into the loft living room. Every detail throughout this duplex speaks of expert craftsmanship and fine materials that exude the industrial charm of the building. Oversized kitchens include dramatic custom cabinetry by Aster Cucine, La Rochelle Gris marble slab countertops, and a suite of Gaggenau appliances. Luxuriously appointed master bathrooms feature lacquered dark brown vanities with copper detailing, walnut brown marble flooring, and a glass-enclosed wet room with walk-in shower and soaking tub. The same level of design and attention to detail can be found throughout the impressive amenities at 51 Jay. A double-height, attended lobby features polished concrete flooring with steel tracks inspired by the original rails that carried goods through the building. At the heart of 51 Jay Street is a private courtyard garden that redefines the idea of nature in the city. This urban sanctuary, designed by Steven Yavanian, is a shared visual amenity that creates an immersive atmosphere of wilderness through lush plantings and natural materials. The expansive rooftop terrace is outfitted with several areas for entertaining or relaxing, including an outdoor kitchen, a fireplace and outdoor showers. An additional floor of amenities includes a fitness center with yoga room, residents' lounge, children's playroom, bicycle storage, resident storage, pet washing and grooming station and a large capacity laundry room.

Last Agent to Rent the Property

Joseph Ulam

Brown Harris Stevens Residential Sales LLC License #10401260287 Listed on: 06/03/2021

Brown Harris Stevens Residential Sales LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,803

Year Built

  • Built in 1905

Lot Details

  • 3.37

Home Design

  • 2,251 Sq Ft Home
  • Pre War Building
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 74 Units
  • 51 Jay Condos
  • Dumbo Subdivision
  • 6-Story Property

Listing and Financial Details

  • Property Available on 7/16/21

Condo Details

Home Type

Condominium

Est. Annual Taxes

$18,803

Year Built

Built in 1905

Lot Details

0

Rental Info

  • Available Date: 2021-07-16

Listing Details

  • Cross Street: Water Street
  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Dumbo
  • Architectural Style: Prewar
  • Entry Level: 1
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 2251.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: 51 JAY
  • Units: 74
  • Total Stories: 6
  • Year Built: 1905

Tax Info

  • Tax Block: NA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2015
Closed on
Jan 5, 2018
Sold by
201 Water Street Llc
Bought by
Grimsby Properties Llc
List Price
$3,350,000
Sold Price
$2,530,000
Premium/Discount to List
-$820,000
-24.48%
Current Estimated Value
$2,955,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,880
Avg. Annual Appreciation
2.27%
Original Mortgage
$1,897,000
Outstanding Balance
$1,608,276
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,397,860
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
Grimsby Properties Llc $2,530,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grimsby Properties Llc $1,897,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Rented -- -- --
08/14/2021 08/14/21 Under Contract -- -- --
06/03/2021 06/03/21 For Rent $12,500 +8.7% --
08/03/2020 08/03/20 Rented -- -- --
07/04/2020 07/04/20 Under Contract -- -- --
04/27/2020 04/27/20 For Rent $11,500 -99.5% --
06/14/2018 06/14/18 Rented -- -- --
05/15/2018 05/15/18 Under Contract -- -- --
01/04/2018 01/04/18 Sold $2,530,000 +23434.9% $1,124 / Sq Ft
12/05/2017 12/05/17 Pending -- -- --
10/27/2017 10/27/17 For Rent $10,750 0.0% --
02/06/2015 02/06/15 For Sale $3,350,000 -- $1,488 / 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 $18,803 $328,873 $9,741 $319,132
2024 $18,803 $316,767 $9,741 $307,026
2023 $15,842 $283,057 $9,741 $273,316
2022 $13,506 $238,742 $9,741 $229,001
2021 $12,382 $204,947 $9,741 $195,206
2019 $10,755 $195,298 $9,741 $185,557
2018 $10,107 $175,853 $9,741 $166,112
2017 $3,478 $64,754 $9,741 $55,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10723510

Real Estate Board of New York (REBNY)

APN: 00031-1404