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584 Leonard Street
Brooklyn, NY 11222
Yuval Vidal with Compass, original listing -
$5,650,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3102 Square Feet
Property Description
Welcome to the penthouse at 584 LEONARD AT McCarren Park - the jewel of the crown of the Williamsburg-Greenpoint condo market. Surround yourself in spectacular light all day and jaw-dropping views in this brand-new four-bedroom, three-and-a-half-bathroom penthouse triplex featuring expansive Elle Decor worthy interiors, two levels of private outdoor space and an ideal location at the intersection of North Williamsburg and Greenpoint, where all the appeal of townhouse living blends with the penthouse lifestyle, the best of both worlds. Inside this contemporary 3,102-square-foot showplace, ceilings dotted with recessed and designer lighting soar up to 10 feet tall over Madera European oak floors with high-end Reynaers aluminum Belgium windows. A dramatic atrium rises 30 feet above the work-of-art, open staircase, flooding the entire home with glorious natural light for a bright and airy ambiance all day long, all year round. The elevator transports you to the main level, where you ll find a generous footprint for seating and dining areas overlooking north-facing treetop views. Chefs will love the spacious open kitchen featuring sleek custom cabinetry, a massive center island and distinctive Metallica quartz countertops by Emerstone. Cooking and cleaning are effortless thanks to the fleet of state-of-the-art appliances, including a vented gas cooktop, electric oven, and integrated side-by-side refrigerator-freezer by Fisher & Paykel, and a Wolf microwave drawer. A roomy coat closet and chic powder room add convenience to the level. The home s luxurious accommodations begin with a serene main-floor primary suite featuring a king-size layout, peaceful garden views and a generous walk-in closet. In the gorgeous en suite bathroom, discover a 59-inch freestanding soaking tub, a rain shower with a hand sprayer, a private water closet with a Duravit commode, a wide double vanity by West Elm, and two large medicine cabinets all surrounded by large-format terrazzo tile and upscale Phylrich fixtures. The modern oak staircase ushers you to the second floor, where an inviting family room/media lounge opens to an oversized terrace with views stretching to the Manhattan skyline. On this level, you ll find a large junior suite with a private bath, plus two more bedrooms including one with terrace access that share another beautifully appointed full bathroom. A full-sized vented LG washer-dryer completes the second floor. Above, the centerpiece atrium opens to the home s crowning jewel a sprawling rooftop terrace finished with large pavers and a DCS luxury grill. Imagine lively barbecues and gameday gatherings surrounded by commanding 360-degree views on this more than 1,000-square-foot outdoor sanctuary. Handcrafted in 2024 by Pliskin Architecture and meticulously developed by LTNG, a family owned high-end development firm that originated from LARGO NYC, 584 LEONARD AT McCarren Park is an exceptional two-unit condominium setting a new standard for luxury with its distinctive design, superior craftsmanship and thoughtfully curated high-end materials. This exquisite home - the perfect hybrid of penthouse and townhouse living - is located on a quaint, tree-lined street where North Williamsburg meets Greenpoint. Just two blocks away, McCarren Park offers a pool, track, sports courts and fields, and a wonderful greenmarket. Additional outdoor space and recreation await along the revitalized waterfront, while fantastic shopping, dining and nightlife venues line Manhattan and Franklin avenues. Visit one of the chic local hotels for fine dining and extraordinary skyline views, or take in a concert at Warsaw, Brooklyn Bowl, Brooklyn Steel or the Williamsburg Hall of Music just minutes from your door. G and L trains, excellent bus service, two ferry terminals, CitiBikes and the BQE provide easy access to the rest of the city and beyond.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
--
MLS Number
--
Location
Address
584 Leonard Street
City
Brooklyn
State
NY
Zip Code
11222
County
KINGS (NORTHEAST)
Listing
Provider
Name
Phone
(646) 436-5625
Office Name
Office Phone
Agent Name
Yuval Vidal
Agency Phone
(646) 586-8268

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.