NOT LISTED FOR SALE

Estimated Value: $765,000 - $1,003,000

2 Beds
2 Baths
1,193 Sq Ft
$511/mo HOA Fee

Last Sold July 12, 2022

Last sale price $825,000 $692 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,827/month

204 Days on Market

Highlights

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

About This Home

As of July 2022

WE GOT YOU COVERED! 2br with a home office / bedroom

Value of 1 year 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! It's amazing to be home when this 2 bedroom/2 bathroom + office space is what you are lucky enough to call your own! With a large west facing exposure, and a second south facing exposure, this space is flooded in light and offers views of a sunset sky. This apartment features high quality Italian porcelain floors, with hard wood floors in the bedrooms. Elegant white and silver light fixtures add a touch of class to this space. The western exposures are large sliding glass doors leading to you generously sized balcony that can also be accessed from the first bedroom. The kitchen features an island, and brand new appliances. Next to the kitchen space you will find a door leading you to your cozy office space. The first bedroom features large west facing sliding glass doors, making for colorful evenings and morning sleep undisturbed by the sun. Enjoy easy balcony access and generous closet space. Bathrooms are featuring a sleek Italian porcelain design. The master bathroom features a standing shower, and double sinks with abundance storage space. On top of the 15-year tax abatement, homeowners in this building can enjoy exclusive amenities such as a doorman, valet service, 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 1 year of common charges PAID BY SELLER

- value of 1 year 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: 01/21/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $844

Year Built

  • Built in 2019

Lot Details

  • 0.28

HOA Fees

  • $511 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,193 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 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

$844

Year Built

Built in 2019

Lot Details

0

HOA Fees

$511 per month

Listing Details

  • Cross Street: Quentin Road/Avenue R
  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Sheepshead Bay
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1193.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5
  • Accessibility Features: Wheelchair Access

Beds/Baths

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

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: 510.66
  • 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: 8
  • Year Built: 2019

Tax Info

  • Tax Block: 6802
  • Tax Lot: 31
  • Tax Annual: 844.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Jul 12, 2022
Sold by
2222-2226 Ocean Avenue Development Llc
Bought by
Sat Betty Ga Qi and Smith Craig Andrew
Seller's Agent
Avi Malul
THE LION REAL ESTATE
Sold Price
$825,000
Current Estimated Value
$718,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$106,464
Avg. Annual Appreciation
-4.49%
Original Mortgage
$495,000
Outstanding Balance
$475,185
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$240,603
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
Sat Betty Ga Qi $825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sat Betty Ga Qi $495,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2022 07/12/22 Sold $825,000 0.0% $692 / Sq Ft
01/27/2022 01/27/22 For Sale -- -- --
01/22/2021 01/22/21 Pending -- -- --
07/18/2020 07/18/20 Off Market $825,000 -- --
07/02/2020 07/02/20 For Sale $825,000 -- $692 / 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 $4,582 $146,336 $13,519 $132,817
2024 $4,582 $140,955 $13,519 $127,436
2023 $4,883 $140,325 $13,519 $126,806
2022 $6,055 $149,163 $13,519 $135,644
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10790019

Real Estate Board of New York (REBNY)

APN: 06802-1216