NOT LISTED FOR SALE

Estimated Value: $1,187,051 - $2,558,000

2 Beds
1 Bath
1,035 Sq Ft
1890 Built

Sale Details

Date Sold: November 5, 2014

Last sale price $799,000 $772 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $9,989 / mo

48 Days on Market

Highlights

  • Rooftop Deck
  • 1-minute walk to Atlantic Avenue
  • Pre War Building
  • P.S. 38 The Pacific School Rated A-
  • City View
  • 4-minute walk to North Pacific Playground

About This Home

As of November 2014

Located in the epicenter of Brooklyn and the new entertainment hub of New York, 560 State Street is best known as Jay-Z?s Brooklyn home mentioned in the platinum hit, Empire State of Mind. These days, this 39 unit Condominium could be the ?hottest spot? in Brooklyn.

Unit 7K is an easy renovation opportunity for the any buyer ? but to grab one you?ll find the line long as it is priced to sell quickly. This apartment is a spacious 2 bedroom with high 10 foot ceilings and oversized windows that fill the room with views and south facing light. It is a corner unit directly facing Barclays Center, with a breathtaking view from the master bedroom.

All this, not to mention, that this home is situated directly across the streetfrom Atlantic Terminal Station, which runs ten subway lines (2, 3, 4, 5, B, D, N, Q, R) as well as the LIRR, taking you anywhere you may want to go ? and, which, in addition, houses some of the largest shopping around in the Atlantic Mall.

560 State Street is truly "where dreams are made of " and, at this price, 7K should no doubt inspire you to make an appointment as soon as you can to come see for this dream home for yourself.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,932

Year Built

  • Built in 1890

HOA Fees

  • $451 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 2nd floor

Interior Spaces

  • 1,035 Sq Ft Home
  • 4-Story Property
  • City Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling

Listing and Financial Details

  • Legal Lot and Block 7501 / 180

Community Details

Overview

  • Boerum Hill Subdivision

Amenities

  • Rooftop Deck
  • Community Garden
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,932

Year Built

Built in 1890

Lot Details

0 Sq Ft Lot

HOA Fees

$451 per month

Listing Details

  • Cross Street: 3rd Avenue/Flatbush Avenue
  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Boerum Hill
  • Architectural Style: Prewar
  • Entry Level: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Living Area: 1035.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Garden, Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: None
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 451.0
  • 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: 4
  • Year Built: 1890

Tax Info

  • Tax Block: 180
  • Tax Lot: 7501
  • Tax Annual: 7932.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2024
Sold by
Gan Jian Wei
Bought by
Gan Jian Wei and Gan-Yang Family Trust
Current Estimated Value
$1,613,649

Purchase Details

Closed on
Sep 11, 2017
Sold by
Gleason Melissa and Lake Matthew
Bought by
Gan Jian Wei

Purchase Details

Listed on
Jul 16, 2014
Closed on
Oct 27, 2014
Sold by
Times Plaza Development Limited Partners
Bought by
Gleason Melissa and Lake Matthew
List Price
$799,000
Sold Price
$799,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$634,400
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
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
Gan Jian Wei -- --
Gan Jian Wei -- --
Gan Jian Wei $995,000 --
Gan Jian Wei $995,000 --
Gan Jian Wei $995,000 --
Gleason Melissa $793,000 --
Gleason Melissa $793,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gleason Melissa $634,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2014 11/05/14 Sold $799,000 0.0% $772 / Sq Ft
09/02/2014 09/02/14 Pending -- -- --
07/16/2014 07/16/14 For Sale $799,000 -- $772 / 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
2026 $11,793 $109,025 $21,331 $87,694
2025 $11,284 $107,808 $21,331 $86,477
2024 $11,284 $98,281 $21,331 $76,950
2023 $10,863 $94,381 $21,331 $73,050
2022 $8,756 $96,962 $21,331 $75,631
2021 $7,813 $78,532 $21,331 $57,201
2020 $6,124 $87,378 $21,331 $66,047
2019 $7,595 $89,799 $21,331 $68,468
2018 $8,543 $82,090 $21,331 $60,759
2017 $7,766 $72,642 $21,331 $51,311
2016 $7,455 $64,843 $21,331 $43,512
2014 $5,935 $60,646 $21,331 $39,315
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10033465

Real Estate Board of New York (REBNY)

APN: 00180-1028

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