NOT LISTED FOR SALE

Estimated Value: $458,077

Studio
1 Bath
650 Sq Ft
$1,093/ mo HOA Fee

Last Sold May 12, 2022

Last sale price $420,000 $646 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,724/month

645 Days on Market

Highlights

  • Rooftop Deck
  • Entrance Foyer
  • 4-minute walk to McGolrick Playground
  • Pre War Building

About This Home

As of May 2022

*These Photos are from a representative space (unit 501)* Unit 201 is currently being used for storage.

COMMERCIAL CONDO ONLY FOR COMMERCIAL USE. An amazing opportunity awaits within 231 Norman, condo converted m1-1 loft building in Greenpoint. This LOFT is located steps away from Manhattan Avenue and 1 block from McGolrick Park and is 5 min walk to G stop on Nassau Avenue. The building used to be a sponge factory but was converted into a building with 13.5 foot ceilings and huge oversized windows. The loft space is a huge 650 square feet with a lot of of natural light which is great for an artist studio or office space. There is also upgrades being done to the building.

The building comes with a gorgeous roof deck with 360 degree views of New York City and a common court yard. It also has a virtual doorman with key fob system, full time super, maintenance, elevator and high tech security. Inexpensive common charges with tax abatement up to June of 2031. Potential rent is up to 3,000 a month. It is a great investment with prices increasing around the area and you will not find such a space anymore in the city!

Last Agent to Sell the Property

RJ Curtin

Compass License #10401346303 Listed on: 10/04/2021

Compass

Co-Listed By

De Yow

Serhant License #10301219555

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,740

Year Built

  • Built in 1913

HOA Fees

  • $1,093 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 2nd floor

Interior Spaces

  • 1 Full Bathroom
  • 650 Sq Ft Home
  • Entrance Foyer

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Legal Lot and Block 7501 / 2629

Community Details

Overview

  • Greenpoint Subdivision
  • 5-Story Property

Amenities

  • Rooftop Deck
  • Courtyard

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,740

Year Built

Built in 1913

Lot Details

0 Sq Ft Lot

HOA Fees

$1,093 per month

Listing Details

  • Cross Street: Russell Street/North Henry Street
  • Exposures: East,South
  • Property SubType: Office
  • Property Type: Residential
  • Neighborhood: Greenpoint
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Features: Entrance Foyer
  • Living Area: 650.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • Exterior Features: Building Courtyard, Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Wall Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1093.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 5
  • Year Built: 1913

Tax Info

  • Tax Block: 2629
  • Tax Lot: 7501
  • Tax Annual: 7740.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
May 12, 2022
Sold by
Barkode Props Inc
Bought by
Tierney Mike
Seller's Agent
RJ Curtin
Compass
List Price
$435,000
Sold Price
$420,000
Premium/Discount to List
-$15,000
-3.45%
Current Estimated Value
$458,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,077
Avg. Annual Appreciation
2.27%

Purchase Details

Closed on
Mar 2, 2017
Sold by
Rosin Associates Llc
Bought by
Barkode Props Inc

Purchase Details

Closed on
Nov 19, 2013
Sold by
231 Norman Avenue Property Development L
Bought by
Rosin Associates Llc
Source: Public Records
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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
Tierney Mike $420,000 --
Barkode Props Inc $435,000 --
Rosin Associates Llc $190,413 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2022 05/12/22 Sold $420,000 -3.4% $646 / Sq Ft
04/01/2022 04/01/22 For Sale $435,000 +3.6% $669 / Sq Ft
03/22/2022 03/22/22 Off Market $420,000 -- --
06/24/2020 06/24/20 For Sale $420,000 -- $646 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $2,661 $62,855 $3,210 $59,645
2024 $2,661 $60,071 $3,210 $56,861
2023 $2,093 $52,892 $3,210 $49,682
2022 $1,157 $49,803 $3,210 $46,593
2021 $368 $41,640 $3,210 $38,430
2020 $1,349 $51,852 $3,210 $48,642
2019 $890 $51,852 $3,210 $48,642
2018 $754 $45,370 $3,210 $42,160
2017 $754 $41,745 $3,210 $38,535
2016 $758 $41,723 $3,211 $38,512
2015 $557 $42,177 $3,211 $38,966
2014 $557 $37,699 $3,211 $34,488
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10770893

Real Estate Board of New York (REBNY)

APN: 02629-1015

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