56 Court Street, Unit 7H

Brooklyn Heights

$500,000
Last Sold Price
Alcove
Beds
1
Bath
428 Sq. Ft.
$1,168 / Sq. Ft.
428
Sq. Ft.
$1,168
per Sq. Ft.

Description

56 Court Apt. 7H is currently the ONLY condominium (investment opportunity: unlimited subletting) available in all of Brooklyn Heights under $1.150 Million (as of 6.11.15).


7H @ 56 Court is a top floor alcove studio/convertible 1 bed with ownership of approx. 450 square feet of private roof space/access, features include; a custom built bookcase/storage system defines living and sleeping areas, hardwood floors, custom wardrobe closet, pass-through kitchen with granite breakfast bar, dishwasher, well-proportioned
...56 Court Apt. 7H is currently the ONLY condominium (investment opportunity: unlimited subletting) available in all of Brooklyn Heights under $1.150 Million (as of 6.11.15).



7H @ 56 Court is a top floor alcove studio/convertible 1 bed with ownership of approx. 450 square feet of private roof space/access, features include; a custom built bookcase/storage system defines living and sleeping areas, hardwood floors, custom wardrobe closet, pass-through kitchen with granite breakfast bar, dishwasher, well-proportioned bathroom and a proper entry foyer with storage closet, central air & heat, approx. 10 foot high ceiling height and skylight, located on the top floor of a pet-friendly, elevator building.



The approx. monthly outlay to own is $2463.00** based on a 30 year fixed mortgage at 4.25%. The after tax-benefit/cost of owning per month (assuming a 40% tax bracket at a 30 year fixed mortgage at 4.25%) is approx. $1655 per month**.
**Please consult with your tax/financial planner for more detailed information; these figures represent an approximate cost.



The average rental price for an alcove studio/1 bedroom in an elevator building is currently $2450, currently less than 20 apartments for rent/available in Brooklyn Heights between $2000-3000 (this can change daily, 6.11.15)



If the rent is too damn high, then you should buy...



This is a real opportunity to invest in an area that is fast becoming the cultural and retail hub of Brooklyn and a key economic center for all of New York City. New retail neighbors include; Equinox, Trader Joe's, Neiman Marcus, Yoga Works, Soul Cycle, Sophie & Ana's Cafe, Shake Shack, Hill Country BBQ, Bare Burger. Neighboring Downtown Brooklyn is also experiencing a boom in development projects in the residential, retail and commercial sectors.

Listing Agent

  1. Jason Saft

    Jason Saft

    Listing Agent

    Compass

    jason@compass.com

    P: 917.763.4370

Amenities

  • Loft Style
  • Penthouse
  • Junior 1
  • Open Views
  • Private Roof Deck
  • Hardwood Floors
  • Oversized Windows
  • Soundproof Windows

Location

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LISTING UPDATED: 08/21/2015 03:28 PM

Property Details for 56 Court Street, Unit 7H

StatusSold
MLS ID-
Days on Market34
Taxes$194 / month
Common Charges$288 / month
Min. Down Pymt10%
Total Rooms1.0
Compass TypeCondo
MLS TypeCondo
Year Built1927
CountyKings County

Building

56 Court St

33 Units7 StoriesBuilt in 1927

Location

Add your commute

Building Information for 56 Court Street, Unit 7H

Building/Complex56 Court StFloor7Stories7Residences33Pet PolicyAllowedYear Built1927Building AgePre-warBuilding TypeMidrise

Payment Calculator

$3,552 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,070

Property Taxes

$194

Maintenance/Common Charges

$288

The Payment Calculator is for illustrative purposes only.

Property History for 56 Court Street, Unit 7H

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 56 Court Street, Unit 7H

Taxable ValueLand-Additions-Total-
Home Facts
APN3002651033

Schools near 56 Court Street, Unit 7H

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Zipporiah Mills
PublicPK to 5

School For International Studies
Public6 to 12

Brooklyn Frontiers High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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