Overview

$595,000

20% Min Down

326 Melrose St #1A

326 Melrose Street, Brooklyn, NY 11237

For sale in Bushwick

Studio | 1.5 BA | 804 ft² | $740/ft² | 3.44% Cap Rate

Listed Mar 31st, 2014
First resale in the best condo building in Bushwick! Don't miss your chance to buy in an exceptionally well-run and maintained 8 unit building with approximately 20 years remaining on a 421-A tax abatement. Ultra low common charges and taxes make this a perfect unit for the investor or first time condo buyer. Straddling the hottest parts of East Williamsburg and Bushwick, and an easy walk from the Morgan L train stop, you enter this duplex apartment to 9.5-foot high ceilings, wide plank hardwood floors, and a huge expanse of windows. On the main floor you'll find an open floorplan. Your kitchen is designed with Quartz countertops, Bosch cooktop, oven and microwave. Dishwasher? Check. In the main bathroom you'll find a Kohler deep soaking tub, Vitra sink, Hansgrohe fixtures, and tasteful designer tile. Follow the stairs to the sleeping area (technically the city calls this a studio) and you will find a large, inviting room with high ceilings, large windows and a small outdoor retreat perfect for a little morning coffee. Your half bath on this level is an added level of convenience. Doing laundry in your in-unit washer/dryer is easy, and a walk in closet is a wonderful bonus. There's central heat and AC with a Nest Thermostat to keep you comfortable and an individual unit hot water heater so you never have to worry about a cold shower. The neighborhood is jam packed with exciting restaurants, bars and galleries. Maria Hernandez park is a short walk, with a great running path and dog park. The L train will get you to Union Square in 11 minutes and Bedford Avenue is even closer. Exclusive Listing provided by Douglas Elliman. Jordan Pryce Levitt Exclusive Broker/Owner [email protected]

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Features & Amenities

Unit Amenities


Building Amenities

  • Balcony
  • Laundry in Unit

Building Policies

Learn more about 326 Melrose Street, Brooklyn, NY 11237

Listed By

History

Date Event Price
Jul 22, 2014 Sold $595,000
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Mar 31, 2014 Listed $595,000
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Property Analysis

Price Estimate

$600,950

HopScore Market Price

$595,000

Current Asking Price

+$5,950

Difference from Asking

Cap Rate Analysis

Operating Profit

$20,484
/

Purchase Price

$595,000
=

Cap Rate

3.44%
**

* Actual income may vary between $1,599 and $2,399 depending on unit-specific characteristics.

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

Comparables

Units for sale near 326 Melrose St

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 326 Melrose 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

$749,000

Median Asking

1.87%

Below Asking

$740

Sale Price/ft²

89

Days on Market

Transportation

M

at Central Av 640 ft | 3 min walk

J

at Kosciusko St 0.41 mi | 10 min walk

L

at DeKalb Av 0.51 mi | 12 min walk

M

J

Z

at Myrtle Av 0.55 mi | 13 min walk

J

Z

at Gates Av 0.65 mi | 16 min walk

Schools

School Type Grades Distance
PS 145 ANDREW JACKSON Elementary PK to 5 0.25 mi
IS 347 SCHOOL OF HUMANITIES Middle School 6 to 8 0.2 mi
ALL CITY LEADERSHIP SECONDARY SCHOOL High School 6 to 12 0.89 mi
VOYAGES PREPARATORY Secondary School 9 4.1 mi
BROOKLYN BROWNSTONE SCHOOL Elementary PK to 5 1.53 mi
PS/IS 155 NICHOLAS HERKIMER Elementary PK to 8 2.05 mi
MOTT HALL BRIDGES ACADEMY Middle School 6 to 8 2.69 mi
IS 392 Middle School 6 to 8 2.63 mi
BROOKLYN COLLEGIATE: A COLLEGE BOARD SCHOOL High School 9 to 12 2.15 mi
MOTT HALL IV Middle School 6 to 8 1.87 mi
NEW EXPLORATIONS INTO SCIENCETECH AND MATH HIGH SCHOOL Other KG to 12 2.89 mi
PS 156 WAVERLY Elementary PK to 5 2.63 mi
ELM TREE ELEMENTARY SCHOOL Elementary PK to 5 4.29 mi
PS 165 IDA POSNER Elementary PK to 5 3.3 mi
PS 41 FRANCIS WHITE Elementary KG to 8 3.16 mi
PS 150 CHRISTOPHER Elementary PK to 5 2.7 mi
PS/IS 137 RACHAEL JEAN MITCHELL Elementary PK to 8 1.57 mi
ASPIRATIONS DIPLOMA PLUS HIGH SCHOOL High School 9 to 12 2.71 mi
TEACHERS PREPARATORY HIGH SCHOOL High School 8 to 12 2.73 mi
BARD HIGH SCHOOL EARLY COLLEGE High School 9 to 12 2.71 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

$2,979

Per Month

Recent Transactions at 326 Melrose St

Transaction history for 326 Melrose Street

Unit Br Ba ft² Listed Listing Agent Asking
HOA + Tax
Closed Closing Buyer(s)
Unit 4B 1 1 830 Sep 6, 2016 Jordan Pryce Levitt
Elliman
$749,000 Dec 20, 2016
104 Days
$735,000
-1.87%
Michelle Man Fung Lee
Unit 1B 1 1.5 1,132 May 20, 2014 Jordan Pryce Levitt
Elliman
$829,999 Aug 18, 2014
89 Days
$850,000
+2.41%
Julie Jo
Unit 1A Stu 1.5 804 Mar 31, 2014 Jordan Pryce Levitt
Elliman
$595,000 Jun 13, 2014
73 Days
$565,000
-5.04%
Lauren Lichtman
Bret Rubin
Unit 1A - - - - - - Dec 29, 2010 $288,000 Jordan Levitt
Unit 4A - - - - - - Sep 30, 2010 $325,000 Felicia Liu
Unit 2A - - - - - - Sep 22, 2010 $290,000 Lorenzo Pierfelice
Unit 1B - - - - - - Sep 1, 2010 $425,000 Alessandra Johnson
Jay Johnson
Unit 3A - - - - - - Jul 23, 2010 $285,590 Christoffer Frazier
Young Sun Park-frazier
Unit 4B - - - - - - Jun 28, 2010 $354,900 Jurandir C De Almeida
Unit 2B - - - - - - Jun 23, 2010 $280,000 Marvin H Bigalbal
Unit 3B - - - - - - Jun 22, 2010 $285,000 Edward J Donnelly Jr

Apartments for Sale at 326 Melrose Street

UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

Apartments for Rent at 326 Melrose Street

UnitBrBaft²ListedListing AgentAskingPrice/ft²Floorplans

Nearby Buildings

Learn more about 326 Melrose St #1A

Building at 326 Melrose Street, Brooklyn, NY 11237

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