1 /
24
Map
$297,500
●
Condo -
Off Market
124-21 Flatlands #8B
East New York, NY 11208
2 Beds
1 Bath
$2,146
Est. Monthly
$455
HOA / Fees
8.51%
Cap Rate
About This Property
Welcome to Meadowood at Gateway in the Eastern Section of Brooklyn!
Introducing 2 Bedroom Condo (Second Bedroom Is More like an
office/Study Room.) Unit is Located on the Highest Floor Offering
Penthouse Feel and Balcony/Terrace Overlooking the Sky, Trees, and
High Rises. Master Bedroom Features a Spacious Closet with French
doors, King Size Bedroom Set. Laundry room and Parking (waiting
list). Across the Street from Gateway Mall with Stores including
Shop Rite, Nordstrom Rack, Gap, BJ's, Target, Home Depot, Red
Lobster, etc. Minutes away from the Belt Parkway and 15 min away
from JFK Airport.
Unit Size
-
Days on Market
115 days
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$217
HOA Dues
$455
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Last updated: 11 months ago (OneKey MLS #ONE3509318)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 1, 2024 | Sold | $297,500 | |
| Sold | |||
| Dec 30, 2023 | In contract | - | |
| In contract | |||
| Nov 27, 2023 | Price Decreased |
$299,999
↓ $49K
(14%) | |
| Price Decreased | |||
| Oct 9, 2023 | Listed by Keller Williams Landmark II | $349,000 | |
| Listed by Keller Williams Landmark II | |||
| Oct 1, 2023 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Elevator
Garage
Parking Available
Parking Details
Has Garage
Open Parking
Attached Garage
Parking Features: Assigned, Attached, 1 Car Attached, Unassigned
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Microwave, Oven, Refrigerator
Rooms: 3
Basement: None
Exterior Details
Square Footage : 650
Architectual Style: High Rise
Property Type: Residential
Property Sub Type: Condominium
Property Condition: Excellent
Year Built: 1960
Levels: One
Building Area Units: Square Feet
Construction Methods: Energy Star (Yr Blt), Brick
Exterior Features: Balcony
Lot Features: Near Public Transit
Water Source: Public
Water Source: Gas Stand Alone
Financial Details
Tax Annual Amount: $2,606
Utilities Details
Cooling: Yes
Heating: Natural Gas, Baseboard
Sewer : Public Sewer
Location Details
Directions: Refer To Google Maps
County or Parish: Brooklyn
Other Details
Association Fee Includes: Maintenance Grounds, Exterior Maintenance, Sewer, Snow Removal, Trash
Association Fee: $455
Association Fee Freq: Monthly
Selling Agency Compensation: 2
On Market Date: 2023-10-09
124-21 Flatlands #8B, East New York, NY, 11208
By submitting your information, you agree RealtyHop can share your information with its network of real estate & mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology) from Movoto or their affiliates to the email address or number you provided. By proceeding, you agree to our Terms of Service.
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
2
Beds
1
Bath
-
$350,000
Jun 13, 2023
$350,000
Nov 16, 2023
$660/mo
Condo
2
Beds
1
Bath
808 ft²
$390/ft²
$315,000
Apr 1, 2020
$315,000
Jul 30, 2020
$715/mo
Condo
2
Beds
1
Bath
808 ft²
$374/ft²
$302,000
Mar 29, 2016
$302,000
Sep 23, 2016
$572/mo
Condo
2
Beds
1
Bath
-
$310,000
Jul 7, 2016
$310,000
Oct 14, 2016
$706/mo
Condo
2
Beds
1
Bath
919 ft²
$362/ft²
$333,000
Mar 29, 2016
$333,000
Feb 6, 2017
$749/mo
Condo
3
Beds
2
Baths
1,185 ft²
$259/ft²
$306,500
Mar 28, 2014
$306,500
Jul 31, 2014
$792/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
06/13/2024
|
Studio
|
1 Bath
|
349 ft²
|
$209,000
Studio
1 Bath
349 ft²
|
-
-
|
-
|
Earl Satahoo
Fillmore R.E-9301 Flatlands Av
| |
|
05/29/2024
|
Studio
|
1 Bath
|
349 ft²
|
$210,000
Studio
1 Bath
349 ft²
|
-
-
|
-
|
Jerry Tenenbaum
Top Nest Inc
| |
|
07/31/2023
|
2 Bed
|
1 Bath
|
-
|
$365,000
2 Bed
1 Bath
|
-
-
|
-
|
Nadine Morency
Jaymore Realty LLC
| |
|
06/13/2023
|
2 Bed
|
1 Bath
|
-
|
$435,000
2 Bed
1 Bath
|
$350,000
-19.54%
11/16/2023
|
-
|
Erica M Merceus
Exit Realty Hillcourt
| |
|
05/11/2023
|
1 Bed
|
1 Bath
|
666 ft²
|
$298,000
1 Bed
1 Bath
666 ft²
|
-
-
|
-
|
Svetlana Shushkovsky
EXP REALTY BKNY
| |
|
11/08/2022
|
3 Bed
|
1 Bath
|
-
|
$395,000
3 Bed
1 Bath
|
$395,000
01/30/2023
|
-
|
Jean Ho
Brooklyn Real Property Inc
| |
|
06/27/2022
|
2 Bed
|
1 Bath
|
919 ft²
|
$370,000
2 Bed
1 Bath
919 ft²
|
$365,000
-1.35%
09/20/2022
|
-
|
Albert Sitt
Compass
| |
|
07/15/2021
|
2 Bed
|
1 Bath
|
900 ft²
|
$369,900
2 Bed
1 Bath
900 ft²
|
-
-
|
-
|
Christopher Espinal
Douglas Elliman Real Estate
| |
|
06/02/2021
|
1 Bed
|
1 Bath
|
600 ft²
|
$354,900
1 Bed
1 Bath
600 ft²
|
-
-
|
-
|
Richard Dinerman
Peerless Properties Corp
| |
|
12/09/2020
|
2 Bed
|
1 Bath
|
-
|
$390,000
2 Bed
1 Bath
|
$390,000
05/07/2021
|
-
|
Charles Olson
| |
|
04/01/2020
|
2 Bed
|
1 Bath
|
808 ft²
|
$315,000
2 Bed
1 Bath
808 ft²
|
$315,000
07/30/2020
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
02/27/2020
|
1 Bed
|
1 Bath
|
666 ft²
|
$285,000
1 Bed
1 Bath
666 ft²
|
$285,000
09/17/2020
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
06/08/2018
|
1 Bed
|
1 Bath
|
-
|
$260,000
1 Bed
1 Bath
|
$262,500
+0.96%
09/14/2018
|
-
|
Stephanie Antoine
Keller Williams Rlty Landmark
| |
|
01/24/2017
|
1 Bed
|
1 Bath
|
666 ft²
|
$231,000
1 Bed
1 Bath
666 ft²
|
$231,000
07/21/2017
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
11/23/2016
|
2 Bed
|
1 Bath
|
920 ft²
|
$344,275
2 Bed
1 Bath
920 ft²
|
$351,000
+1.95%
07/06/2017
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
07/07/2016
|
2 Bed
|
1 Bath
|
-
|
$304,000
2 Bed
1 Bath
|
$310,000
+1.97%
10/14/2016
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
03/29/2016
|
2 Bed
|
1 Bath
|
919 ft²
|
$584
2 Bed
1 Bath
919 ft²
|
$333,000
+56,920.55%
02/06/2017
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
03/29/2016
|
2 Bed
|
1 Bath
|
808 ft²
|
$335,224
2 Bed
1 Bath
808 ft²
|
$302,000
-9.91%
09/23/2016
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
03/29/2016
|
2 Bed
|
1 Bath
|
920 ft²
|
$367,868
2 Bed
1 Bath
920 ft²
|
-
-
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
03/31/2015
|
Studio
|
1 Bath
|
-
|
$134,269
Studio
1 Bath
|
-
-
|
-
|
Stephen Klahn
Elliman
| |
|
03/31/2015
|
3 Bed
|
1.5 Bath
|
-
|
$296,655
3 Bed
1.5 Bath
|
$296,655
07/29/2016
|
-
|
Stephen Klahn
Elliman
| |
|
10/30/2014
|
2 Bed
|
1 Bath
|
-
|
$260,000
2 Bed
1 Bath
|
$273,000
+5.00%
06/18/2015
|
-
|
Stephen Klahn
Elliman
| |
|
08/28/2014
|
2 Bed
|
1 Bath
|
919 ft²
|
$254,900
2 Bed
1 Bath
919 ft²
|
$254,900
01/05/2015
|
-
|
Stephen Klahn
Elliman
| |
|
07/29/2014
|
1 Bed
|
1 Bath
|
643 ft²
|
$193,400
1 Bed
1 Bath
643 ft²
|
$193,400
11/01/2014
|
-
|
Stephen Klahn
Elliman
| |
|
04/25/2014
|
1 Bed
|
1 Bath
|
665 ft²
|
$201,900
1 Bed
1 Bath
665 ft²
|
$201,900
10/10/2014
|
-
|
Stephen Klahn
Elliman
| |
|
03/28/2014
|
3 Bed
|
2 Bath
|
1185 ft²
|
$306,500
3 Bed
2 Bath
1185 ft²
|
$306,500
07/31/2014
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
02/27/2014
|
2 Bed
|
1 Bath
|
884 ft²
|
$220,900
2 Bed
1 Bath
884 ft²
|
$220,900
01/07/2015
|
-
|
Geoffrey Gottlieb
Elliman
| |
|
01/31/2014
|
2 Bed
|
1 Bath
|
919 ft²
|
$237,400
2 Bed
1 Bath
919 ft²
|
$237,400
09/11/2014
|
-
|
Khadeja Wright
Elliman
| |
|
08/20/2013
|
2 Bed
|
1 Bath
|
919 ft²
|
$254,900
2 Bed
1 Bath
919 ft²
|
$254,900
02/05/2021
|
-
|
Scott Savory
Compass
| |
|
07/29/2013
|
2 Bed
|
1 Bath
|
884 ft²
|
$247,650
2 Bed
1 Bath
884 ft²
|
$247,650
01/13/2014
|
-
|
Khadeja Wright
Elliman
| |
|
05/25/2013
|
3 Bed
|
1 Bath
|
1185 ft²
|
$309,000
3 Bed
1 Bath
1185 ft²
|
$309,000
02/05/2021
|
-
|
Stephen Klahn
Elliman
| |
|
03/14/2013
|
2 Bed
|
1 Bath
|
919 ft²
|
$266,150
2 Bed
1 Bath
919 ft²
|
$266,150
02/05/2021
|
-
|
Scott Savory
Compass
| |
|
02/28/2013
|
1 Bed
|
1 Bath
|
643 ft²
|
$185,700
1 Bed
1 Bath
643 ft²
|
$191,200
+2.96%
02/05/2021
|
-
|
Khadeja Wright
Elliman
| |
|
09/20/2012
|
1 Bed
|
1 Bath
|
665 ft²
|
$191,100
1 Bed
1 Bath
665 ft²
|
$191,100
02/05/2021
|
-
|
Geoffrey Gottlieb
Elliman
|
Building Info
Meadowwood East At Gateway
12421 Flatlands Avenue, Brooklyn, NY 11208
- 542 Units
- 1 Unit for Sale
About Eastern Brooklyn
Similar Homes for Sale
Nearby Rentals
Last Updated: 11 months ago
Data Source: OneKey MLS
Data Source: OneKey MLS
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
