NOT LISTED FOR SALE

Estimated Value: $1,524,828 - $2,309,000

2 Beds
2 Baths
1,429 Sq Ft
1916 Built

Last Sold March 15, 2021

Last sale price $1,800,000 $1,260 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $11,466/month

Highlights

  • Balcony
  • South Facing Home
  • 4-minute walk to Berry Playground

About This Home

As of March 2023

Rarely available 2-bedroom, 2-bathroom loft at the Gretsch in prime Williamsburg! This extraordinary home is an entertainer's dream, with over 1400 square feet of living space plus a large private balcony, all within one of the most coveted buildings in Brooklyn. Featuring 13-foot beamed ceilings, 9 south-facing windows, an in-unit Bosch washer and dryer and Australian Jarra wood floors throughout, 7A is one of most sought-after floorplans and one of only eight homes in the building with private outdoor space.

Abundant natural light streams through a row of oversized windows that span the south-facing wall of the main living area. This room is flanked on one side by a massive limestone island that forms the centerpiece of the open chef's kitchen featuring abundant counter and storage space as well as a 36-inch-wide 6-burner Wolf range with a custom vented hood, oversized sink with hot water dispenser and a 36" Sub-Zero fridge. On the opposite side of the room is the glass door leading to the large private balcony (34' x 4') that can be separately accessed from the primary bedroom.

The king-sized primary suite also features windows spanning its entire south-facing wall plus a second entrance to the private balcony. The luxurious five-piece marble bathroom offers double sinks, a glass-enclosed shower, and separate soaking tub. The primary also features a large walk-in closet outfitted by California Closets. The generously sized second bedroom is located between the primary suite and the main living area, with the second bathroom just across the hall.

The Gretsch is an iconic converted musical instrument factory located in South Williamsburg close to the East River and Domino Park. The building beautifully combines Brooklyn's architectural history with its cutting-edge modernity as one of the most sought-after cities on the globe. Numerous musical legends have walked the floors of the factory, such as famed Russell Marsden of Bands and Skulls and drummer Ashton Irwin of 5 Seconds of Summer. Originally built in 1916, the Gretsch was converted into luxury loft condominiums in 2005. Amenities include a 24-hour doorman, on-site full-time superintendent and staff, roof deck, bike room, and storage available in the basement.

Nearby restaurants include famous Peter Luger Steakhouse, Marlow & Sons just across the street and Michelin starred Meadowsweet. Easily accessible to the Manhattan Subway (M, J, Z, L) or the ferry within blocks.

Last Agent to Rent the Property

Jennifer Barger

Corcoran Group License #10401329196 Listed on: 03/01/2023

Corcoran Group

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1916

Home Design

  • 1,429 Sq Ft Home
  • Entry on the 7th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Additional Features

  • Dishwasher
  • Balcony
  • South Facing Home

Community Details

  • 130 Units
  • Williamsburg S Side Subdivision
  • 12-Story Property

Listing and Financial Details

  • Property Available on 4/1/23
  • Tax Block 02130

Condo Details

Home Type

Condominium

Year Built

Built in 1916

Lot Details

0

Rental Info

  • Available Date: 2023-04-01

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Williamsburg S Side
  • Entry Level: 7
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Appliances: Dryer, Dishwasher, Washer Dryer Allowed, Washer
  • Living Area: 1429.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Units: 130
  • Total Stories: 12
  • Year Built: 1916

Tax Info

  • Tax Block: 02130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Mar 15, 2021
Sold by
Grinshpan Eden and Niv-Ron Ido
Bought by
Kapadia Jessica
Seller's Agent
Keren Atzlan
Reserve Partners
List Price
$1,800,000
Sold Price
$1,800,000
Current Estimated Value
$1,963,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,207
Avg. Annual Appreciation
1.83%
Original Mortgage
$1,349,820
Outstanding Balance
$1,206,616
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$756,591

Purchase Details

Closed on
Mar 27, 2015
Sold by
Srebnick Lyle
Bought by
Grinshpan Eden and Niv-Ron Ido

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2009
Sold by
Myers Adele and Reingold Jay
Bought by
Srebnick Lyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2005
Sold by
The Classon Realty Llc
Bought by
Myers Adele and Reingold Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kapadia Jessica $1,800,000 --
Kapadia Jessica $1,800,000 --
Grinshpan Eden $1,650,000 --
Grinshpan Eden $1,650,000 --
Srebnick Lyle $1,020,000 --
Srebnick Lyle $1,020,000 --
Myers Adele $911,334 --
Myers Adele $911,334 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kapadia Jessica $1,349,820
Closed Kapadia Jessica $1,349,820
Previous Owner Grinshpan Eden $750,000
Previous Owner Srebnick Lyle $750,000
Previous Owner Myers Adele $716,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2023 03/16/23 Rented $7,900 0.0% --
03/01/2023 03/01/23 For Rent $7,900 0.0% --
03/15/2021 03/15/21 Sold $1,800,000 0.0% $1,260 / Sq Ft View Prior Sale
12/28/2020 12/28/20 Pending -- -- --
10/07/2008 10/07/08 For Sale $1,800,000 -- $1,260 / 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 $13,798 $131,625 $6,127 $125,498
2024 $13,798 $123,324 $6,127 $117,197
2023 $10,887 $117,235 $6,127 $111,108
2022 $12,658 $105,350 $6,127 $99,223
2021 $11,483 $95,037 $6,127 $88,910
2020 $5,161 $109,293 $6,127 $103,166
2019 $7,285 $109,293 $6,127 $103,166
2018 $10,063 $96,517 $1,932 $94,585
2016 $3,096 $79,592 $1,933 $77,659
2015 -- $65,872 $1,932 $63,940
2014 -- $65,872 $1,932 $63,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10869238

Real Estate Board of New York (REBNY)

APN: 02130-1082