Condo of the Day: 675 Sackett Street, #405
This 1,400-square-foot condo at 675 Sackett Street in Park Slope traded for $1,100,000 back in 2006 and is now back on the market with an asking price of $1,250,000. We don’t care much for the exterior of the building but the interior of this two-bedroom apartment looks quite nice. The private terrace is nothing to…
This 1,400-square-foot condo at 675 Sackett Street in Park Slope traded for $1,100,000 back in 2006 and is now back on the market with an asking price of $1,250,000. We don’t care much for the exterior of the building but the interior of this two-bedroom apartment looks quite nice. The private terrace is nothing to sniff at either. Since the building has only been around since 2004, the common charges are still quite low too.
675 Sackett Street, #405 [Douglas Elliman] GMAP P*Shark
i live on 5th ave and 1st street and consider the neighborhood gowanus, NOT park slope! park slope are the rich people houses that cluster near the park.
*rob*
Dave – there are no secrets in RE taxes:
http://nycprop.nyc.gov/nycproperty/StatementSearch?bbl=3009491238&stmtDate=20100226&stmtType=SOA
Assuming no changes in assessment the taxes would around 6-7k.
news to me that (and have lived in area since late 70’s) that 4th avenue wasn’t (ever)park slope. Maybe in old days not ‘acceptable’ part of slope for certain people but always park slope. And ‘too close’ to 4th avenue also means closer to subway entrance.
Those lower duplexes always sell for lower $ per sq ft because lower level is limited light and not considered bedroom space, etc.
Been in the apartment in 2006. It is really nicely renovated. One of the nicest renovations I have seen. The original owners were actually interior designers. They used the second bedroom as office. Originally the door was in to the hallway – they changed it to open to the living room, which can make sense when you don’t have children…
During the last five years of a tax abatement, the taxes are phased in at 20% each year. During year 12 of a 15 year abatement for example, you’ll pay 40% of the full tax bill; the following year, 60%, etc. The unabated taxes are specified in the condo offering plan. Taxes for new construction condos tend to be very high – much higher than existing homes. The taxes on this condo could easily be 1K a month today (if they were not abated), and presumably higher when the abatement runs out.
I also dislike the layout. First, I dont like having to essentially walk into your kitchen. If they would have walled it off, so there was an entry and a real traditional foyer, it would be much better. Also, the 2nd bedroom seems like it was converted – that the apt. was essentially a huge one-bedroom. Otherwise, I would have the door to the 2nd ‘bedroom’ placed off the hallway. I hate bedrooms that open into the LR as this one does.
The deck is awesome though!
So does anyone have any experience as to how much taxes go up when a building comes off of abatement????
$1.2 to walk in through the kitchen and squeeze past the dining room table. Off Fourth Avenue. I don’t get it. Not even close.
That does seem to be an awful lot of dough for a two bedroom just off 4th Ave, hardly prime slope. The terrace looks nice though.