Off Market

Overview

$970,000

20% Min Down

197 Spencer Street #6A

197 Spencer Street, Brooklyn, NY 11205

Building: The Spencer

Condo in Bedford-Stuyvesant

2 Bed | 1.5 Bath | 3.25% Cap Rate

Listed Jul 15th, 2021 (69 days)
Please note- this residence is currently occupied. Prior registration for open house preferred and masks are required.First time offered as a re-sale! Huge, sunny, almost 1,200 sf, floor-through condominium residence with two bedrooms, 1.5 bathrooms, a home office home (or walk-in-closet, baby room, gym, etc ) and a large balcony with Manhattan views! TAX ABATEMENT THROUGH 2031 - super low monthlies & close ASAP.Enter through the private, keyed elevator to this 6th-floor stunner with high ceilings, large windows (all replaced w/in the last 2 years), and oak hardwood floors. The open plan features an oversized living and dining room and sliding glass doors that lead to the balcony boasting Manhattan (Freedom Tower) and tree-top views. The kitchen is outfitted with stainless steel appliances, granite counter-tops, abundant cabinet space and a large island with an overhang, ideal for all of your cooking and entertaining needs.Two sizable bedrooms are accompanied by a third room, which can easily serve as a home office, massive walk-in-closet or nursery. The 1.5 bathrooms feature stylish tile and a marble vanity in the master bathroom. Enjoy all of the other comforts this residence has to offer such as an in-unit washer and dryer, central heating and cooling, and plentiful closet space.All of the windows have been fully replaced in the last 2 years! Enjoy comfort in knowing you are insulated and saving on energy costs!The property is situated on a lovely, quiet, tree-lined street, on the border of historic Bedford-Stuyvesant and Clinton Hill. Incredibly convenient to transportation, shopping, restaurants, and nightlife. Only a few blocks from area hot-spots including Pilar Cuban Eatery, Brooklyn Kolache, Speedy Romeo & Stonefruit Cafe. Additionally, the vibrant, new Brooklyn Navy Yard, the Pratt Sculpture Garden, Herbert Von KIng Park & Fort Greene Park are highly sought-after neighborhood amenities that are all within close proximity.Residence Highlights: - Almost 1,200 sf | 2 Bedroom + Office | 1.5 Bathrooms | Balcony w/ Views- Well maintained condominium / Boutique, quiet building with 18 residences - Private, keyed elevator access opening directly into the residence- Oak hardwood floors- Central heating and air- Kitchen with stainless steel appliances & granite counter-tops- In-unit washer and dryer- Large balcony w/ Manhattan views- Open/Loft-like floor-through layout w/ Eastern and Western exposures- Incredibly bright and sunny- Abundant closet space- Video intercom system- Pets okay Apartments in The Spencer do not become available often, call today to schedule a viewing!**Common Charges: $506.42 / Assessment $469.56Equal Housing Opportunity.

Features & Amenities

Unit Amenities

  • Deck
  • Dryer

Building Amenities

  • Laundry in Building
  • Elevator
  • Roofdeck
  • Dogs Allowed
  • Cats Allowed
  • Doorman
  • Balcony
  • Central Air Conditioning
  • Laundry in Unit
  • Dishwasher
  • Dryer
  • Refrigerator
  • Washer
  • Central A/C

Building Policies

  • Cats Allowed
  • Dogs Allowed
Learn more about 197 Spencer Street, Brooklyn, NY 11205

Listed By

Tamar Krasnow

MNS

7182221545

History

Date Event Price
Aug 6, 2021 Contract Pending -
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Jul 15, 2021 Listed $970,000
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Property Analysis

Price Estimate

$979,700

HopScore Market Price

$970,000

Current Asking Price

+$9,700

Difference from Asking

Cap Rate Analysis

Operating Profit

$31,568
/

Purchase Price

$970,000
=

Cap Rate

3.25%
**

* Actual income may vary between $2,120 and $3,180 depending on unit-specific characteristics.

** 100% occupancy is assumed. Leverage (mortgage) is not considered.

Comparables

Units for sale near 197 Spencer Street

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 197 Spencer Street

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Building at 197 Spencer Street, Brooklyn, NY 11205

197 Spencer Street

197 Spencer Street, Brooklyn, NY 11205

Built in 2004 | 18 Units | 9 Stories

Want to find out who owns 197 Spencer Street, Brooklyn, NY 11205? Get detailed property transactions here.

Neighborhood

Stats & Trends

$769,000

Median Asking

-

Above Asking

$822

Sale Price/ft²

91

Days on Market

Transportation

G

at Bedford-Nostrand Avs 1000 ft | 4 min walk

A

C

S

at Franklin Av 0.76 mi | 18 min walk

A

C

at Nostrand Av 0.85 mi | 21 min walk

C

at Clinton & Washington Avs 0.85 mi | 21 min walk

M

J

at Lorimer St 0.89 mi | 22 min walk

Schools

School Type Grades Distance
Ps 54 Samuel C Barnes Elementary PK to 5 0.1 mi
Urban Assembly Unison School (the) Middle School 6 to 8 0.59 mi
Dr Susan S Mckinney Secondary School of the Arts High School 6 to 12 1.16 mi
Brooklyn Brownstone School Elementary PK to 5 1.23 mi
University Neighborhood High School High School 9 to 12 2.08 mi
Aspirations Diploma Plus High School High School 9 to 12 1.55 mi
New Explorations into Sciencetech and Math High School Other KG to 12 2.27 mi
Ps 165 Ida Posner Elementary PK to 5 3.32 mi
Ps 41 Francis White Elementary KG to 8 3.32 mi
Ps 150 Christopher Elementary PK to 5 3.08 mi
Ps 156 Waverly Elementary PK to 5 2.64 mi
Ps/is 155 Nicholas Herkimer Elementary PK to 8 2.61 mi
Ps/is 137 Rachael Jean Mitchell Elementary PK to 8 2.1 mi
Mott Hall Iv Middle School 6 to 8 2.26 mi
Bard High School Early College High School 9 to 12 2.13 mi
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

Mortgage Payment Calculator

$4,076

Per Month
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Recent Transactions at 197 Spencer Street

Transaction history for 197 Spencer Street

Unit Br Ba ft² Listed Listing Agent Asking
HOA + Tax
Closed Closing Buyer(s)
Unit 4B 2 2 1,140 Jul 6, 2020 Laura Hess
The Corcoran Group
$799,000
$976/mo
Oct 6, 2020
91 Days
$821,500
+2.82%
Lisa Thomas
Unit 6B 1 2 1,187 Jan 25, 2020 Laura Hess
The Corcoran Group
$799,000
$966/mo
Mar 30, 2020
64 Days
$850,000
+6.38%
Stephen D Russo
Unit 1A - - - - - - Dec 30, 2019 $999,000 Michael Buonanno
Katherine Sklut
Unit 9A 1 1 767 May 15, 2018 Brandon Bogard
Compass
$775,000
$500/mo
Apr 30, 2019
349 Days
$730,000
-5.81%
Cory Saul
Unit 7A - - - - - - Dec 11, 2018 - Esra Fakioglu
Milton Velez
Unit 9B 1 1 767 Apr 6, 2018 Toni Martin
The Corcoran Group
$769,000
$268/mo
Jul 10, 2018
94 Days
$769,000 Samuel P Glinn
Lindsey Kawamura
Unit 2A 2 2 - Oct 7, 2016 Ria Browne
Stribling & Associates
$750,000
$404/mo
Dec 7, 2016
60 Days
$750,000 Jayson David Green
Emma Kadar-penner
Unit 3A - - - - - - Mar 10, 2016 $750,000 Edward M Klorman
Unit 6B - - - - - - Jun 19, 2015 - Jonathan Mao Arnold
R Benjamin Stewart
Unit 8A - - - - - - Apr 28, 2009 - Daniela Rose
Unit 5A - - - - - - Dec 22, 2004 $395,558 Peggy Regis
Unit 1B - - - - - - Nov 18, 2004 $436,020 Cleatrice Johnson
Brent M Mccoy
Unit 2B - - - - - - Nov 16, 2004 $370,110 Frances Torres
Unit 1A - - - - - - Nov 15, 2004 $430,950 Christopher Camarena
Stephanie Meyerson
Unit 4A - - - - - - Oct 21, 2004 $400,530 Derek Cockle
Unit 8B - - - - - - Aug 24, 2004 $314,340 Laurel Adams
Unit 9B - - - - - - Aug 20, 2004 $283,920 Sara Runser
Unit 6B - - - - - - Aug 19, 2004 $400,530 R Benjamin Stewart
Unit 5B - - - - - - Aug 19, 2004 $395,460 Brandie Melendez
Peter Pinti
Unit 3A - - - - - - Aug 18, 2004 $390,390 Darlene Collins
Unit 8A - - - - - - Aug 17, 2004 $329,550 Bernd Rose
Unit 9A - - - - - - Aug 17, 2004 $283,920 Alistair Mcmordie
Unit 3B - - - - - - Aug 16, 2004 $380,250 Michael Bruno
Elizabeth J Zack
Unit 4B - - - - - - Aug 13, 2004 $390,390 Daniel Denver
Yael Sadan
Unit 2A - - - - - - Aug 12, 2004 $380,250 Paul Mackey
Unit 6A - - - - - - Aug 12, 2004 $380,504 Anja Ludewig
Brad Mccormick
Unit 7A - - - - - - Aug 11, 2004 $322,706 Milton Velez
Unit 7B - - - - - - Aug 11, 2004 $339,690 Justin Lamson
Jiwon Shin

Apartments for Sale at 197 Spencer Street

UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

Apartments for Rent at 197 Spencer Street

UnitBrBaft²ListedListing AgentAskingPrice/ft²Floorplans

Nearby Buildings

Learn more about 197 Spencer Street #6A

Building at 197 Spencer Street, Brooklyn, NY 11205

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