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Map
$445,000
●
Condo -
Off Market
205 Macdougal Street #2A
Brooklyn, NY 11233
1 Bed
1 Bath
571 Sqft
$472,859
RealtyHop Estimate
6.26%
Since Jun 1, 2022
NY-New York
Primary Model
About This Property
SIGNIFICANT PRICE IMPROVEMENT! DEAL FELL THROUGH!
While new condos seem to pop up on every corner of the neighborhood these days, 205 Macdougal was one of the first ground-up new construction projects when it finished in 2017. Now joined by developments on Herkimer, Sumpter, even Macdougal, this is one that has seen the area rise around it!
The first resale in the building is only taking place because the seller has accepted a job in another state and does not want the responsibility of owning a rental despite what would be an excellent cap rate in an appreciating market. That said, the opportunity is now yours to own for barely more than was paid for the space, and for less then renting a comparable home would cost!
Improvements have been made to the space after purchase, including California Closets, Electric Shades, and Stacking Washer/Dryer.
first one bedroom resale at 205 Macdougal in booming Ocean Hill, Brooklyn. One of the last neighborhoods where you can find affordable homes with restaurants, coffee shops, and nightlife just around the corner. While larger condominiums are going up around the corner, 205 Macdougal is only 8 units in total so you'll you actually know your neighbors! The space has been improved since the building was completed, with the addition of a washer/dryer and California closets to help with storage.
Now that Bed Stuy is the 3rd coolest neighborhood in the country according to various magazines and blogs, we're starting to see infrastructure. Everything from pizza shops with imported soda (Cuts and Slices) to a coffee shop with a liquor license up the street (Daily Press).
People used to think it was crazy to purchase past Nostrand Avenue, yet here we are!
Transportation options abound with the Rockaway Ave. A/C train located just 2.5 blocks away, plus the JMZ nearby at Chauncey Street and the L train at Bushwick Ave.
While new condos seem to pop up on every corner of the neighborhood these days, 205 Macdougal was one of the first ground-up new construction projects when it finished in 2017. Now joined by developments on Herkimer, Sumpter, even Macdougal, this is one that has seen the area rise around it!
The first resale in the building is only taking place because the seller has accepted a job in another state and does not want the responsibility of owning a rental despite what would be an excellent cap rate in an appreciating market. That said, the opportunity is now yours to own for barely more than was paid for the space, and for less then renting a comparable home would cost!
Improvements have been made to the space after purchase, including California Closets, Electric Shades, and Stacking Washer/Dryer.
first one bedroom resale at 205 Macdougal in booming Ocean Hill, Brooklyn. One of the last neighborhoods where you can find affordable homes with restaurants, coffee shops, and nightlife just around the corner. While larger condominiums are going up around the corner, 205 Macdougal is only 8 units in total so you'll you actually know your neighbors! The space has been improved since the building was completed, with the addition of a washer/dryer and California closets to help with storage.
Now that Bed Stuy is the 3rd coolest neighborhood in the country according to various magazines and blogs, we're starting to see infrastructure. Everything from pizza shops with imported soda (Cuts and Slices) to a coffee shop with a liquor license up the street (Daily Press).
People used to think it was crazy to purchase past Nostrand Avenue, yet here we are!
Transportation options abound with the Rockaway Ave. A/C train located just 2.5 blocks away, plus the JMZ nearby at Chauncey Street and the L train at Bushwick Ave.
Unit Size
571Ft²
Days on Market
365 days
Land Size
-
Price per sqft
$779
Property Type
Condo
Property Taxes
$400
HOA Dues
$255
Year Built
2016
Last updated: 3 months ago (RLS #OLRS-1731127)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 20, 2022 | Sold to Ziqing Chen | $445,000 | |
Sold to Ziqing Chen | |||
Apr 11, 2022 | In contract | - | |
In contract | |||
Mar 6, 2022 | Price Decreased |
$445,000
↓ $40K
(8.3%)
|
|
Price Decreased | |||
May 25, 2021 | Listed by Compass | $485,000 | |
Listed by Compass | |||
Mar 15, 2019 | No longer available | - | |
No longer available |
Show More
Property Highlights
Air Conditioning
Interior Details
Bedroom Information
Bedrooms: 1
Bathroom Information
Full Bathrooms: 1
Interior Information
Interior Features: Entrance Foyer
Appliances: Dryer, Washer
Living Area: 571
Room Information
Rooms: 3
Exterior Details
Property Information
Year Built: 2018
Building Information
Pets Allowed: Building No, No
Lot Information
Lot Size Dimensions: 25.0 x 100.0
Land Information
Tax Lot: 60
Tax Block: 1527
Financial Details
Tax Annual Amount: $4,800
Utilities Details
Cooling Type: Central Air
Location Details
Subdivision Name: Ocean Hill
Stories Total: 4
Association Fee: $255
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
1
Bed
1
Bath
571 ft²
$804/ft²
$459,000
Feb 5, 2018
$459,000
Feb 14, 2019
$565/mo
Condo
1
Bed
1
Bath
-
$425,000
Jul 15, 2021
$425,000
Dec 28, 2021
$213/mo
Condo
1
Bed
1
Bath
-
$420,000
Mar 24, 2021
$420,000
Jan 13, 2022
$213/mo
Condo
1
Bed
1
Bath
-
$450,000
Mar 24, 2021
$450,000
Feb 22, 2022
$236/mo
Condo
1
Bed
1
Bath
-
$480,000
Jul 21, 2022
$480,000
Oct 20, 2022
$431/mo
In Contract
Condo
1
Bed
1
Bath
555 ft²
$946/ft²
$525,000
Oct 27, 2023
-
$710/mo
In Contract
Condo
1
Bed
1
Bath
612 ft²
$752/ft²
$460,000
Mar 8, 2018
-
$820/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/25/2021
|
1 Bed
|
1 Bath
|
571 ft²
|
$485,000
1 Bed
1 Bath
571 ft²
|
$445,000
-8.25%
05/20/2022
|
Grant Braswell
Compass
|
||
02/05/2018
|
1 Bed
|
1 Bath
|
571 ft²
|
$439,000
1 Bed
1 Bath
571 ft²
|
$459,000
+4.56%
02/14/2019
|
-
|
Jessica Peters
Elliman
|
Building Info
205 Mac Dougal Street
205 Mac Dougal Street, Brooklyn, NY 11233
- 8 Units
- 1 Unit for Sale