NOT LISTED FOR SALE

Estimated Value: $956,000 - $1,042,000

1 Bed
1 Bath
720 Sq Ft
$240/ mo HOA Fee

Last Sold June 01, 2021

Last sale price $900,000 $1,250 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,267/month

95 Days on Market

Highlights

  • Built in 2019 | Newly Remodeled
  • 1-minute walk to Clinton-Washington Avenues (A,C Line)
  • Balcony
  • P.S. 11 Purvis J Behan Rated A+
  • Terrace
  • 2-minute walk to Gateway Triangle

About This Home

As of June 2021

505 Clinton Lofts is tucked away on a charming tree-lined street in historic Clinton Hill, where homeowners will enjoy a quiet oasis at the epicenter of one of the most desirable neighborhoods in Brooklyn. The building's unique facade features dramatic and industrial chic floor-to-ceiling windows flooding each of the residences with natural light and remarkable views.

Residence 3R is a 720sf home encompassing half of the third floor of the building. This homes unique and versatile layout is configured as a generous and oversized one bedroom with a home office and a private balcony. The massive wall-to-wall and floor-to-ceiling windows provide an abundance of fresh air and natural light. With exposed beams, custom frosted glass & steel doors and high ceilings; this is loft living at its finest! The expansive open chef's kitchen enjoys custom Italian cabinetry with paneled appliances, subway tile backsplash, LED under-cabinet lighting, a Bertazzoni four-burner gas stove, Bosch dishwasher and refrigerator with freezer drawer.

The home opens effortlessly onto an oversized balcony, accessible though both the living room and master suite. Take in the fresh air and enjoy a morning cup of coffee with the sunrise to the East or an evening glass of wine with friends or family. Throughout, the home features 7.5' hand-scraped, antiqued, & brushed white oak floors, tilt & turn windows and a Bosch Washer Dryer. Private outdoor space, natural light, layout, and gorgeous finishes all come together in this bespoke package.

505 Clinton Lofts is set to re-shape the vibrant Clinton Hill neighborhood. Thoughtfully designed by Dimora NYC Inc., 505 Clinton Avenue is a mix of one, two and three bedroom homes. Designed with an appreciation for industrial architecture, these stunning residences with floor-to-ceiling windows and exposed beams will transcend the Clinton Hill area.

Located at the crossroads of Clinton Hill, Fort Greene and Prospect Heights, 505 Clinton Avenue brings to life the true meaning of loft living. The building located between Fulton Street and Atlantic Avenue offers you top of the line amenities within a few blocks radius. Enjoy the smorgasbord of restaurants emerging on Fulton Street like Emily, Sisters and Belli Osteria, a hip nightlife scene with trendy cocktail bars and Brooklyn Speakeasy's or treat yourself to an extraordinary meal at the famous Locanda Vini & Olii housed in a historic Pharmacy. Enjoy an easy commute to work on the C train conveniently located on the corner. This desirable location is only blocks away from Fort Greene Park, Farmers markets, tennis facilities, dog runs, supermarkets, Barclay's Center and Atlantic Terminal- a major hub of transportation options with the LIRR, 2/3/4/5/R/D/B/Q/N/W train lines.

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE #CD17- 0268.

Amenities
505 Clinton Ave, Brooklyn, NY 11238, USA

Abundant Closets
Balcony
Breakfast Area
Central Air Conditioning
Deck
Dining Area
Elevator
Entry Foyer
Floor To Ceiling Windows
Hardwood Floors
High Ceilings
Home Office
Investment Property
Laundry Room
Terrace
Tile Flooring
Virtual Doorman
Washer Dryer
corner-apartment

Last Agent to Sell the Property

Bianca D'Alessio

Nest Seekers LLC License #10301219609 Listed on: 10/12/2020

Nest Seekers LLC

Co-Listed By

Christian Haag

Compass License #10401255631

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,660

Year Built

  • Built in 2019 | Newly Remodeled

Lot Details

  • 3,006

HOA Fees

  • $240 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 720 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Terrace

Additional Features

  • East Facing Home
  • Central Air

Community Details

  • 505 Clinton Lofts Condos
  • Clinton Hill Subdivision
  • 6-Story Property

Listing and Financial Details

  • Legal Lot and Block 25 / 2011

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,660

Year Built

Built in 2019 | Newly Remodeled

Lot Details

3,006 Sq Ft Lot

HOA Fees

$240 per month

Listing Details

  • Cross Street: Fulton Street/Atlantic Avenue
  • Exposures: East
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Clinton Hill
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 720.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 240.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 30.0 x 100.0

Building Info

  • New Construction: Yes
  • Building Name: 505 Clinton Lofts
  • Total Stories: 6
  • Year Built: 2019

Tax Info

  • Tax Block: 2011
  • Tax Lot: 25
  • Tax Annual: 6660.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Jul 9, 2021
Sold by
505 Clinton Partners Llc
Bought by
Mcdonald Margaret and Patel Nishil
Seller's Agent
Bianca D'Alessio
Nest Seekers LLC
List Price
$900,000
Sold Price
$900,000
Current Estimated Value
$999,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,576
Avg. Annual Appreciation
2.21%
Original Mortgage
$760,500
Outstanding Balance
$691,086
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$308,490
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
Mcdonald Margaret $845,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonald Margaret $760,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2021 06/01/21 Sold $900,000 0.0% $1,250 / Sq Ft
10/29/2020 10/29/20 Off Market $900,000 -- --
10/12/2020 10/12/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $900,000 -- $1,250 / 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
2025 $9,916 $93,241 $11,152 $82,089
2024 $9,916 $89,493 $11,152 $78,341
2023 $9,297 $82,802 $11,152 $71,650
2022 $8,673 $75,987 $11,152 $64,835
2021 $8,601 $74,160 $11,152 $63,008
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10646420

Real Estate Board of New York (REBNY)

APN: 02011-1206

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