NOT LISTED FOR SALE

Estimated Value: $1,146,706 - $1,558,000

2 Beds
2 Baths
1,231 Sq Ft
$1,032/mo HOA Fee

Last Sold December 28, 2021

Last sale price $1,580,000 $1,284 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $9,167/month

26 Days on Market

Highlights

  • Rooftop Deck
  • Entrance Foyer
  • Garage
  • Pre War Building
  • Central Air
  • 4-minute walk to Berry Playground

About This Home

As of December 2021

Here you have found your legendary Brooklyn lifestyle dream come true! Loft 5G in the famous Gretsch Building is nothing short of a diamond - a luxurious two bedroom, two bathroom loft with impeccable details and finishes and the perfect touch of after-market renovations, along with bright city views and soaring 13 foot ceilings. The loft itself is uniquely and perfectly laid out with ample storage, Australian hardwood floors, oversized Nero Impala granite countertops complimented by timeless custom shelving above and below for storage and beautiful aesthetic, Subzero refrigerator, Wolf range and a Scandinavian designed Asko dishwasher - all made of stainless steel to compliment the dark granite countertops and stunning glacier blue custom cabinetry. There are many reasons why The Gretsch Building has been and remains to be one of the most sought after luxury condominium buildings in Williamsburg, with its tasteful and timeless design, abundance of natural light, and meticulous utilization of space and layout at the top of the list. This unit in particular is a rarity as it's been perfectly maintained by the original owner and customized precisely for your luxurious urban lifestyle.

The open chef's kitchen is a dream come true for any occasion; serving as not only the perfect space to begin your day but also for experimenting with new recipes and entertaining family and friends. The spacious loft-layout gives room for both a large and bright living and media room as well as a six-person dining table, while being able to enjoy the daily New York City sunsets of rainbow skies. A recent and unique addition of custom Kawneer thermal windows not only maintains the temperature desired inside your home as they're designed for maximum weather efficiency, but also offers unmatched soundproofing from the New York City streets using laminated acoustic reduction glass and dual-frame aluminum technology, making loft 5G the quietest unit in the entire 120+ unit building. The sun-drenched master suite is dressed with custom motorized blackout shades and beautiful dual floor-to-ceiling frosted glass his & hers closets, leading to the en-suite spa-style master bathroom with a double vanity and extended mirror with exceptional lighting features, a deep soaking tub, and a separate & recently customized stand-up shower. On the opposite end of the apartment, designed for minimal noise transparency, is a large second bedroom with an attached second full bathroom that also serves as a guest bath with an additional entrance from the main living space. Adjacent to the bathroom is an extremely spacious coat closet, across from the washer-dryer room and additional customized storage closet which fully takes advantage of every inch of space within loft 5G as it individually provides the maximum amount of style, serenity and comfort.

The Gretsch Building, originally built in 1916, was once a musical instrument factory which proclaimed its fame with its production of Gretsch guitars, banjos, tambourines and drums, played most notably by The Beatles, The Rolling Stones, Pete Townshend, and more. Converted into Williamsburg's first premiere white-glove condominium building in 2003, The Gretsch still stands strong with its unique style, history, and design, and is still consistently being maintained and updated; whilst recently completing a total overhaul and update of its facade and more interior restorations to keep the building as sharp, comfortable and chic as day one. Boasting low monthly carrying costs, a 24hr doorman, full-time superintendent, private bike storage for residents, a children's playroom, and a beautiful common roof-deck with full views of the New York City skyline, the East River, and the Williamsburg Bridge, The Gretsch is incomparable to any other property in New York City. Steps away from the magnificent lobby and entrance to the building are several Michelin starred restaurants, luxury gyms, an in-house gourmet coffee shop and all-day eatery and bar, the beautiful Domino Waterfront park, multiple wine bars and lounges for any taste, unique venues for any occasion and a plethora of public transportation options (J/M/Z, L lines, buses and East River ferry) getting you to Manhattan in minutes. Don't miss out on this truly unique opportunity to own your dream home in the most quintessential location of New York City and at a great price!

The Gretsch has no flip tax and no planned assessments for the incoming buyer. For interested investors, the cap rate has been calculated at almost 4%. Ask Colin for more details explaining the set-up and advantages to this opportunity!

*Measurements quoted in floorpan & square footage are approximate and according to the original offering plan from the sponsor. Shown by appointment only.

Last Agent to Sell the Property

Colin Roy

R New York License #10401291202 Listed on: 09/05/2021

R New York

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,413

Year Built

  • Built in 1916

HOA Fees

  • $1,032 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Pre War Building
  • Entry on the 5th floor

Interior Spaces

  • 1,231 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • North Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7501 / 2130

Community Details

Overview

  • Williamsburg Subdivision
  • 12-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,413

Year Built

Built in 1916

Lot Details

0

HOA Fees

$1,032 per month

Listing Details

  • Cross Street: Wythe Avenue/Berry Street
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Prewar
  • Entry Level: 5
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Interior Features: Dining Area, Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1231.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1032.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 12
  • Year Built: 1916

Tax Info

  • Tax Block: 2130
  • Tax Lot: 7501
  • Tax Annual: 6413.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2021
Closed on
Dec 28, 2021
Sold by
Weiss Jeffrey
Bought by
Pevenage Stephanie and Terseleer Alexandre
Seller's Agent
Colin Roy
R New York
List Price
$1,580,000
Sold Price
$1,580,000
Current Estimated Value
$1,398,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$181,573
Avg. Annual Appreciation
-3.01%
Original Mortgage
$1,264,000
Outstanding Balance
$1,160,157
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$238,270

Purchase Details

Closed on
Jun 16, 2014
Sold by
Xistent Llc
Bought by
Weiss Jeffrey

Purchase Details

Closed on
Jun 15, 2011
Sold by
Weiss Jeffrey
Bought by
Xistent Llc

Purchase Details

Closed on
Apr 11, 2005
Sold by
The Classon Realty Llc
Bought by
Weiss Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Pevenage Stephanie $1,580,000 --
Pevenage Stephanie $1,580,000 --
Pevenage Stephanie $1,580,000 --
Weiss Jeffrey -- --
Weiss Jeffrey -- --
Xistent Llc -- --
Xistent Llc -- --
Weiss Jeffrey $534,581 --
Weiss Jeffrey $534,581 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pevenage Stephanie $1,264,000
Closed Pevenage Stephanie $1,264,000
Previous Owner Weiss Jeffrey $359,000
Closed Weiss Jeffrey $61,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2021 12/28/21 Sold $1,580,000 0.0% $1,284 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/05/2021 09/05/21 For Sale $1,580,000 -- $1,284 / 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 $9,713 $92,659 $4,312 $88,347
2024 $9,713 $86,815 $4,312 $82,503
2023 $7,664 $82,529 $4,312 $78,217
2022 $8,682 $74,162 $4,312 $69,850
2021 $6,445 $66,902 $4,312 $62,590
2020 $3,256 $77,942 $4,312 $73,630
2019 $4,789 $76,938 $4,312 $72,626
2018 $4,546 $67,945 $1,360 $66,585
2017 $3,178 $64,129 $1,360 $62,769
2016 $1,874 $56,030 $1,360 $54,670
2015 -- $46,372 $1,360 $45,012
2014 -- $46,372 $1,360 $45,012
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10801521

Real Estate Board of New York (REBNY)

APN: 02130-1059