NOT LISTED FOR SALE

Estimated Value: $627,724 - $757,000

1 Bed
1 Bath
804 Sq Ft
$338/mo HOA Fee

Last Sold August 13, 2021

Last sale price $635,000 $790 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,649/month

301 Days on Market

Highlights

  • New Construction
  • Balcony
  • Garage
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Central Air

About This Home

As of August 2021

WE GOT YOU COVERED! JUNIOR 4 CONDO FLEX 2BR

Value of 2 years CREDIT of COMMON CHARGES, REAL ESTATE TAXES, & PURCHASER CLOSING COSTS to be covered by the Developer: (please see details below limited time)

A 15-year tax abatement End 2035

Welcome to the Alexandra House! This cozy Convertible 2 Bed/ 1 BATH condo features high quality Italian porcelain tiled floors, with hard wood floors in the bedrooms. Elegant white and silver light fixtures through the apartment add a touch of class.

You are greeted with the open Kitchen/dining/living room layout as soon as you walk in creating a sense of grandness and making you instantly relax. The east and south exposures give plenty of light to this unit. Large east facing sliding glass doors lead you to your private terrace. A closeted area in your living space is equipped with washer and dryer hook ups. Second room can be a home office, kids room, guest room

The kitchen features an elegant geometric mosaic design back splash, a breakfast bar, and stainless steel appliances. The modernly designed Jack and Jill bathroom is conveniently located right at the center of this unit featuring a marbled Italian porcelain design, a tub, and storage space behind the mirror and under the sink.

The master bedroom features a large eastern exposure giving the opportunity for morning sunshine. Feel completely settled in your new master bedroom with your generously sized walk in closet. The second bedroom features a south facing windows and cozy closet space. Extra storage space can be found in the unit's third closet near the front door.

On top of the 15-year tax abatement, homeowners in this building can enjoy exclusive amenities such as a doorman, valet service, storage, resident lounge, luxury fitness center & kids play room. Limited assigned parking is also available for sale.

South Brooklyn's neighborhood of Madison is rapidly growing and provides convenient transportation to Manhattan with the B & Q train. Take the B or Q in the opposite direction for fast access to South Brooklyn's beaches. Enjoy the laid back feel of living in a town where others dream to vacation. Madison is known for its many shops along Kings Highway and offers a neighborhood hospital, post office, banks, playgrounds, and more!

Please contact us by phone so we can provide you with our showing agent's cell number for a VIRTUAL TOUR & VIDEO**

The following Purchaser's closings costs as per offering plan to be covered by Seller:

- NYS Documentary Stamp Tax & NYC Transfer Taxes PP over $500,000 @ 1.825%; PP under $500,000 @ 1.4%

- Working Capital Fund Contribution 2 months' common charge

- Offering Plan Reimbursement Fee $2,500.00

- Document Preparation Fee (Sponsor's Legal Fee) $1,850.00

- ACRIS Preparation Fee $250.00

- Appraisal/Lender Questionnaire Fee $250.00

In addition, Seller will provide a credit against the purchase price for the following:

- value of 2 years of common charges PAID BY SELLER

- value of 2 years of real estate taxes PAID BY SELLER

COSTS NOT PAID BY SELLER:

- Purchaser's responsibility Title Insurance Fee; Deed and Unit Power of Attorney Recording Fees; Purchaser's own legal fee.

- Please note that in the event the Purchaser is obtaining a mortgage, they are responsible for the Mortgage Title Insurance Fee, Mortgage Recording Tax and Mortgage Recording Fee. These fees are in addition to any fees charged by the lender in connection with the mortgage.

Last Agent to Sell the Property

Avi Malul

THE LION REAL ESTATE License #10491210238 Listed on: 09/13/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $564

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.28

HOA Fees

  • $338 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 804 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Washer Dryer Allowed
  • Balcony
  • Central Air

Community Details

  • Sheepshead Bay Subdivision
  • 8-Story Property

Listing and Financial Details

  • Legal Lot and Block 31 / 6802

Property Details

Home Type

Condominium

Est. Annual Taxes

$564

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$338 per month

Listing Details

  • Cross Street: Quentin Road/Avenue R
  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Sheepshead Bay
  • Entry Level: 6
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 804.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

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: 338.0
  • 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: Yes
  • Total Stories: 8
  • Year Built: 2019

Tax Info

  • Tax Block: 6802
  • Tax Lot: 31
  • Tax Annual: 564.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Aug 13, 2021
Sold by
2222-2226 Ocean Avenue Development Llc
Bought by
He Yan
Seller's Agent
Avi Malul
THE LION REAL ESTATE
List Price
$635,000
Sold Price
$635,000
Current Estimated Value
$598,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,868
Avg. Annual Appreciation
-1.09%
Original Mortgage
$450,000
Outstanding Balance
$411,247
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$196,482
Source: Public Records

Range of Values:

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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
He Yan $635,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open He Yan $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $635,000 0.0% $790 / Sq Ft
10/15/2020 10/15/20 For Sale $635,000 -- $790 / 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 $433 $96,918 $8,954 $87,964
2024 $433 $93,355 $8,954 $84,401
2023 $425 $92,938 $8,954 $83,984
2022 $423 $98,791 $8,954 $89,837
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10675963

Real Estate Board of New York (REBNY)

APN: 06802-1236