East Williamsburg, Brooklyn | Olive Street & Bushwick Ave
3 Rooms1 Bed1.5 Baths1,027 Square FeetCondo
$799,000
Common Charges$341
RE Taxes$38
Price Per SF
$778
This property was sold for $785,000 on 08/18/17.
Listing Features
Custom Closets
Duplex
Hardwood Floors
High Ceilings [9']
Separate Dining Area
W/D Hookups
Flr-to-Clg Windows
Wall of Windows
Powder Room
Outdoor space and views
Patio [170 SF]
North Exposure
Building Amenities
Voice Intercom
Roof Deck
Policies
Pets Allowed
Pieds A Terre Ok
Property Description for 898 Metropolitan Ave, 1-A
This sunny 1 bed-room duplex, with 170 SF of private patio and 97.5 SF with 9 feet high ceiling storage unit, with a flexible layout could easily work as a two-bedroom apartment. The main floor includes kitchen, living room, bathroom and dining area. The main floor can be easily converted to the original 1 bed-room. (see floor plan) On the Lower Level there is a massive space with natural light from the spacious patio and features a half bathroom, washer/dryer hook up, custom closet, designer tiles floor and you have direct access to the storage unit. A 421 Tax Abatement in place until 2035 and a very low common charges make this apartment also extremely interesting as investment with a very high potential Cap Rate. Located in the Vibrant East Williamsburg surrounded by countless of shops, bars, groceries and restaurants, just blocks from Graham L train, 10 minutes walking from Metropolitan av. G train, 1 block from Cooper Park with 2 playgrounds, tennis courts, skate and dog park, and 2 blocks away from Pre-school and Montessori School.
East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.
There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.
Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties.
East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.
There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.
According to New York City records, the median price for an apartment in Manhattan for the month of September 2023 was $1,087,000. The price represents a decrease of 5.5% from the median price of $1,150,000 recorded in September 2022. The number of apartment sales fell from 1,170 to 821 reflecting a year-over-year decrease of 30%. ...
posted on December 30, 2023
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
This sunny 1 bed-room duplex, with 170 SF of private patio and 97.5 SF with 9 feet high ceiling storage unit, with a flexible layout could easily work as a two-bedroom apartment. The main floor includes kitchen, living room, bathroom and dining area. The main floor can be easily converted to the original 1 bed-room. (see floor plan) On the Lower Level there is a massive space with natural light from the spacious patio and features a half bathroom, washer/dryer hook up, custom closet, designer tiles floor and you have direct access to the storage unit. A 421 Tax Abatement in place until 2035 and a very low common charges make this apartment also extremely interesting as investment with a very high potential Cap Rate. Located in the Vibrant East Williamsburg surrounded by countless of shops, bars, groceries and restaurants, just blocks from Graham L train, 10 minutes walking from Metropolitan av. 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According to New York City records, the median price for an apartment in Manhattan for the month of September 2023 was $1,087,000. The price represents a decrease of 5.5% from the median price of $1,150,000 recorded in September 2022. The number of apartment sales fell from 1,170 to 821 reflecting a year-over-year decrease of 30%.
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September represents the eleventh consecutive month that the volume of year-over-year sales have dipped in the borough.
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What exactly does $1,087,000 get you in Manhattan? Let’s take a closer look.
The Gotham Towne House is located between Third Avenue and Lexington Avenue among some of the world’s most expensive apartments.
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Apartment 17-DE enjoys a split bedroom layout with a separate windowed home office and a large welcoming foyer. The entire apartment faces south and both the living room and the primary bedroom suite enjoy corner exposures.
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The open kitchen, while undersized, is smartly renovated with a contemporary appeal. The kitchen features lacquered Italian cabinetry, a geometric glass tile backsplash and a suite of high-end appliances, including an integrated Liebherr refrigerator. There is a wrap-around peninsula with stool seating as well..
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The ensuite bath is accessible both from the bedroom and the entry foyer. The bath is clad in Windsor Cream marble and is replete with a stall shower (with bench) and custom cabinetry.
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Additional apartment features include wide plank oak floors, a stacked washer/dryer and plentiful built-ins for storage and display.
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The Gotham Towne House provides a full-time concierge and offers garage parking, common laundry facilities, storage and a bike room.
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Apartment 17DE at 153 East 57th Street was introduced to the market in April 2023 for $1,250,000. Within a month, the listing went to contract. The closing price of $1.087,500 represents a 13% drop from the original ask.
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The area is serviced by the Lexington Avenue subway line at Lexington Avenue and East 59th Street. Here one can catch the express 4 and 5 trains as well as the 6 local train downtown or uptown. The Brown Harris Stevens team of Justin Park, Daniella Gross Schlisser, and Alexa Dayan represented ownership. Please visit Linecity for more details on the sale.
\n"},"excerpt":{"rendered":"
According to New York City records, the median price for an apartment in Manhattan for the month of September 2023 was $1,087,000. The price represents a decrease of 5.5% from the median price of $1,150,000 recorded in September 2022. The number of apartment sales fell from 1,170 to 821 reflecting a year-over-year decrease of 30%. […]
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