Overview

$429,000

20% Min Down

218 Scholes St #12

218 Scholes Street, Brooklyn, NY 11206

For sale in East Williamsburg

2 BR | 1 BA | 5.49% Cap Rate

Listed Nov 5th, 2018
Welcome to 218 Scholes St #12 (aka 204 Bushwick Ave). This move-in ready two-bedroom coop has amazing light with high ceilings, three exposures and windowed kitchen. A spacious apartment featuring a split layout for privacy, plus a flex, third bedroom (easily reversed to enlarge the living room). Open kitchen, full sized appliances, renovated bathroom, and newer floors.

Perfectly located between the Grand St and Montrose stops, this is your opportunity to own for less than renting. Co-purchasing, sublets, and washer/dryers are all allowed.

This thriving neighborhood has much to offer. Grand Street is just a few blocks away with grocery stores, restaurants, and multiple bars. Dun-Well Doughnuts, Champs Diner, Tradesman, Blue Bottle Coffee, and Roberta's are all in the area.

218 Scholes is an HDFC restricted income coop with an income maximum of 120% of the AMI (Adjusted Mean Income) Current annual levels, based on family size, are as follows: One - $87,720, Two - $100,200, Three - $112,680, Four - $125,160, Five - $135,240, Six - $145,200 The building has a low flip tax.

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Features & Amenities

Unit Amenities

  • HDFC

Building Amenities

  • HDFC
  • Laundry in Unit
  • Dogs Allowed
  • Cats Allowed

Building Policies

  • Cats Allowed
  • Dogs Allowed
Learn more about 218 Scholes Street, Brooklyn, NY 11206

Listed By

History

Date Event Price
May 4, 2019 Sale Closed -
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Apr 26, 2019 Sold $429,000
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Mar 6, 2019 Contract Pending -
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Feb 5, 2019 Relisted $429,000
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Dec 7, 2018 Contract Pending -
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Nov 5, 2018 Listed $398,000
ListingHistoryRow::__set_state(array( 'event_date' => '2018-11-05', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$398,000', 'orig_value' => NULL, 'listing_id' => '4251840', 'unit' => '12', 'building_id' => NULL, 'street_address' => '218 Scholes St', 'citystate' => '', 'bedrooms' => '2', 'bathrooms' => '1', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/218-scholes-st/12/4251840', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( ), 'orig_type' => 'listing_row', 'alt_data' => 'Elliman', ))

Property Analysis

Price Estimate

$433,290

HopScore Market Price

$429,000

Current Asking Price

+$4,290

Difference from Asking

Cap Rate Analysis

Operating Profit

$23,568
/

Purchase Price

$429,000
=

Cap Rate

5.49%
**

* Actual income may vary between $1,999 and $2,999 depending on unit-specific characteristics.

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

Comparables

Units for sale near 218 Scholes St

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 218 Scholes St

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Want to find out who owns 60 East 8th Street? Get detailed property transactions here.

Neighborhood

Stats & Trends

$475,000

Median Asking

2.11%

Below Asking

-

Sale Price/ft²

187

Days on Market

Transportation

L

at Grand St 800 ft | 3 min walk

G

L

at Lorimer St 0.40 mi | 9 min walk

G

at Broadway 0.52 mi | 12 min walk

M

J

at Hewes St 0.61 mi | 15 min walk

M

J

Z

at Marcy Av 0.78 mi | 19 min walk

Schools

School Type Grades Distance
PS 196 TEN EYCK Elementary PK to 5 0.03 mi
MS 582 Middle School 6 to 8 0.03 mi
LYONS COMMUNITY SCHOOL High School 6 to 12 0.2 mi
VOYAGES PREPARATORY Secondary School 9 4.35 mi
BROOKLYN BROWNSTONE SCHOOL Elementary PK to 5 1.89 mi
MOTT HALL IV Middle School 6 to 8 2.5 mi
UNIVERSITY NEIGHBORHOOD HIGH SCHOOL High School 9 to 12 2.31 mi
BARD HIGH SCHOOL EARLY COLLEGE High School 9 to 12 1.98 mi
NEW EXPLORATIONS INTO SCIENCETECH AND MATH HIGH SCHOOL Other KG to 12 2.17 mi
PS/IS 137 RACHAEL JEAN MITCHELL Elementary PK to 8 2.22 mi
ELM TREE ELEMENTARY SCHOOL Elementary PK to 5 4.59 mi
PS 165 IDA POSNER Elementary PK to 5 3.89 mi
PS 41 FRANCIS WHITE Elementary KG to 8 3.78 mi
PS 150 CHRISTOPHER Elementary PK to 5 3.36 mi
PS 156 WAVERLY Elementary PK to 5 3.2 mi
PS/IS 155 NICHOLAS HERKIMER Elementary PK to 8 2.73 mi
NEW DESIGN HIGH SCHOOL High School 9 to 12 2.65 mi
MARTA VALLE HIGH SCHOOL High School 9 to 12 2.52 mi
HIGH SCHOOL FOR DUAL LANGUAGE AND ASIAN STUDIES High School 9 to 12 2.65 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

$2,549

Per Month

Recent Transactions at 218 Scholes St

Transaction history for 218 Scholes Street

Unit Br Ba ft² Listed Listing Agent Asking
Common Charges
Closed Closing Buyer(s)
Unit 5 2 1 - Aug 29, 2020 Karla Saladino
Mirador Real Estate
$475,000 Mar 5, 2021
187 Days
$465,000
-2.11%
Joya R Erickson
Unit 4A - - - - - - Jun 15, 2020 $475,000 Isaac Daniels
Unit 9 3 1 - Sep 20, 2018 Rafael Malka
Elliman
$565,000 May 3, 2019
224 Days
$495,000
-12.39%
Kerry Jane Bertram
Unit 12 2 1 - Nov 5, 2018 Jordan Pryce Levitt
Elliman
$398,000 Apr 26, 2019
171 Days
$418,000
+5.03%
Manon Meskens
Robert M Paton
Unit 4 - - - - - - Jan 25, 2018 - Pin Lo
Wen Lo
Unit 13 - - - - - - Jan 25, 2018 - Ralph A Santiago
Unit 9 - - - - - - Aug 15, 2016 $300,000 Lydia A Ledesma
Unit 4 - - - - - - Jul 18, 2013 $140,000 Wen Lo
Unit 12 - - - - - - Jan 25, 2011 $130,000 Savio Albaron
Unit 7 - - - - - - Nov 19, 2010 $80,000 Kristina Hoshovsky
Unit - - - - - - - Jun 18, 1991 - 218 Scholes St Hsngdvlp
Unit - - - - - - - Apr 21, 1983 - New York City
Unit - - - - - - - Nov 5, 1976 - Pennsy Riverdale Inc
Unit - - - - - - - Apr 30, 1971 - M A Holding Corp
Unit - - - - - - - Dec 8, 1966 - A Mv Holding Corp

Apartments for Sale at 218 Scholes Street

UnitBrBaft²ListedListing AgentAskingPrice/ft² Common Charges Floorplans

Apartments for Rent at 218 Scholes Street

UnitBrBaft²ListedListing AgentAskingPrice/ft²Floorplans

Nearby Buildings

Learn more about 218 Scholes St #12

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