NOT LISTED FOR SALE

Estimated Value: $560,527 - $656,000

1 Bed
1 Bath
680 Sq Ft
$316/mo HOA Fee

Last Sold August 12, 2021

Last sale price $557,000 $819 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,223/month

Highlights

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

About This Home

As of August 2021

WE GOT YOU COVERED!

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! The tension of your busy New York day instantly melts away when you walk into this expansive 1 BED/ 1 BATH Condo. The open kitchen/dining/living room layout and large north facing exposures help create this sense of ease. The northern exposure sliding glass doors bring you to your private balcony space. The kitchen has an open design all along one wall making the most of this space and giving you all the room, you need for a functional space. The bathroom boasts a white marble Italian style to give you a calming self-care experience. Your bedroom offers a north facing window and an abundant walk-in closet. 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. On top of the 15-year tax abatement, homeowners in this building can enjoy exclusive amenities such as a doorman, valet service, resident lounge, luxury fitness center & kids' playroom. 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: 03/18/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $456

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.28

HOA Fees

  • $316 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 680 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Washer Dryer Allowed
  • Balcony
  • North Facing Home
  • 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

$456

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$316 per month

Listing Details

  • Cross Street: Quentin Road/Avenue R
  • Exposures: North
  • 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: 680.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

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: 316.0
  • 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: 456.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Aug 12, 2021
Sold by
2222-2226 Ocean Avenue Development Llc
Bought by
Grabovski Alexandr
Seller's Agent
Avi Malul
THE LION REAL ESTATE
List Price
$557,000
Sold Price
$557,000
Current Estimated Value
$525,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,586
Avg. Annual Appreciation
-1.06%
Original Mortgage
$522,135
Outstanding Balance
$476,489
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$57,258
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
Grabovski Alexandr $557,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grabovski Alexandr $522,135
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2021 08/12/21 Sold $557,000 0.0% $819 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $557,000 -- $819 / 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 $356 $79,645 $7,358 $72,287
2024 $356 $76,717 $7,358 $69,359
2023 $349 $76,374 $7,358 $69,016
2022 $348 $81,184 $7,358 $73,826
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10705662

Real Estate Board of New York (REBNY)

APN: 06802-1237