Showings by appointment only and bring your contractor! This home is not ready to be lived-in as-is, but it IS a super unique opportunity to purchase a raw 1200 SF authentic loft space with a private balcony and 13' ceilings for a great price, and then renovate it to your own individual needs! This rare corner unit has been stripped down to just the studs, concrete floor and exposed concrete columns after a fire a few years ago, and now awaits an enterprising buyer to purchase it as-is and make it the home of their dreams!<br><br>The Chocolate Factory is a 1947 former factory converted to condos in 2003 and includes an elevator. Situated where Clinton Hill, Bed-Stuy and Williamsburg meet, the neighborhood bustles with creative energy. Known for its artistic residents and an awe-inspiring rooftop outdoor space (with a rooftop gym surrounded by glass; panoramic views of Brooklyn, Manhattan, and Queens; and a lush succulent garden), this is a space both tranquil and dramatic where you will find yourself right at home.<br><br>Situated on a high floor with incredible light, every dollar you put into this home you will get back, plus even more! Due to the corner orientation that includes massive casement windows on two sides, you can very easily renovate it into a spacious two-bedroom apartment. With its 13' soaring ceilings, there is even space to build out an additional loft area, plus 2 full bathrooms, and still enjoy a very capacious living room and kitchen with an easy flow to the private balcony area. It is very rare to find a true industrial loft space that also offers private outdoor space, so you don't want to miss this one!<br>Enjoy an elevator to whisk you up to the 4th floor, plus professional management. And if the space and light and opportunity to custom build are not enough enticement, come and visit for the location. Clinton Hill has become one of Brooklyn's most dynamic neighborhoods, chock full of fine dining, Pratt Institute, and fantastic amenities in every direction. Easy access to Fort Greene Park, the Navy Yard and the many amenities of Bed-Stuy and Williamsburg within walking distance. Do NOT forget to bring your contractor when you come for your visit to this amazing space!<br>
Property Details
Property Features
Property Information:
Architectural Style: Walk-Up
Year Built: 1947
Living Area: 1,182 SqFt
Listing Office:
Office Name: Corcoran Group
Office Phone: (212) 355-3550
Listing Agent: Deborah Rieders
Agent Phone: (917) 494-2503
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 2
Exterior Features
Exterior Information:
View: City
Exterior: Balcony, Building Roof Deck
Price Information
Listing Price Info
Price Summary:
List Price: $825,000
Price Per SqFt: $698/SqFt
HOA Fees:
Amount: $1007
Frequency: Monthly
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New York, NY.
Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 11/16/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,192
Per Month
Principal & Interest
$4,118
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$1,007
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,540
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
P.S. 54 Samuel C. Barnes School
195 Sandford St
Distance between this listing and this school0.20 miles
Public Magnet Grades PK-5
6
/10
P.S. 23 Carter G. Woodson School
545 Willoughby Ave
Distance between this listing and this school0.40 miles
Public District Grades KG-5
6
/10
Brooklyn Charter School (The)
545 Willoughby Ave
Distance between this listing and this school0.42 miles
Public Charter Grades KG-5
Nearby Schools
5
/10
P.S./I.S. 157 The Benjamin Franklin Health Science Academy
850 Kent Ave
Distance between this listing and this school0.24 miles
Public Magnet Grades KG-8
7
/10
Community Partnership Charter School
241 Emerson Pl
Distance between this listing and this school0.43 miles
Public Charter Grades PK-8
9
/10
Success Academy Charter School - Bed Stuy 1
70 Tompkins Ave Fl AVE-2nd
Distance between this listing and this school0.47 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Brooklyn Community Arts & Media High School
300 Willoughby Ave
Distance between this listing and this school0.21 miles
Public District Grades 9-12
1
/10
Brooklyn High School for Leadership and Community Service
300 Willoughby Ave
Distance between this listing and this school0.21 miles
Public District Grades 9-12
3
/10
Juan Morel Campos Secondary School
215 Heyward St
Distance between this listing and this school0.65 miles
The neighbors living near this home have an average income of $51,000. Most New York, NY residents have annual incomes less than $35k. Most families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 689 Myrtle Ave Unit 4I
What is the listing price of this property?
The listing price of 689 Myrtle Ave Unit 4I property is $825,000.
What type of property is this?
The property 689 Myrtle Ave Unit 4I is a condo located in New York City, New York, 11205.
Is this property for sale now?
Active Listing: 689 Myrtle Ave Unit 4I is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 689 Myrtle Ave Unit 4I has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 689 Myrtle Ave Unit 4I is 1,182 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 689 Myrtle Ave Unit 4I is 1947.
This home is located at 689 Myrtle Ave Unit 4I in New York City, NY and zip code 11205 in the Bedford neighborhood. This 1,182 square foot home was built in 1947. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $825,000.
New York, NY housing market in October 2024 saw over 269 listings sold above listed price, more than 850 sold at listed price and over 833 sold below. The inventory of homes for sale in New York, NY between September 2024 and October 2024 increased by 1.8%. In October 2024 median list price was $856,124 and the average listing age was 84 days.
From Rocket Homes Real Estate and based on county public records data.