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584 Leonard Street
Brooklyn, NY 11222
Yuval Vidal with Compass, original listing -
$4,950,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3460 Square Feet
Property Description
Townhouse luxury meets contemporary condominium styling in this brand-new four-bedroom, three-and-a-half-bathroom garden triplex featuring expansive Elle Decor worthy interiors, a private backyard and an ideal location, NOMAC - at the border of North Williamsburg and Greenpoint. Inside this modern 3,460-square-foot showplace, ceilings dotted with recessed and designer lighting soar over 9 feet tall over Madera European oak floors and high-end Testeral windows. A gracious foyer flanked by a coat closet and powder room makes a dramatic first impression. Ahead, the sunken living/dining room provides a generous indoor-outdoor setting for comfortable relaxation and lavish entertaining. Double sliding glass doors open the space entirely to your private 890-square-foot backyard, a true oasis in the heart of the city. Imagine lively barbeques and game-day gatherings in this inviting outdoor retreat, featuring handsome fencing, planter beds, a paver patio, a turf lawn and a built-in DCS grill. Inside, chefs will love the spacious open kitchen, where sleek custom cabinetry and a massive center island boast 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 refrigerator-freezer by Fisher & Paykel, and a Wolf microwave drawer. A secondary suite with a private bathroom completes the beautifully planned main level. Above, the lavish primary suite impresses with a king-size layout and two large closets, including a walk-in. 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. Two more bedrooms share another beautifully appointed full bathroom at the rear of the level, while the large landing is perfect as a home office area. A full-sized LG washer-dryer and additional closet space complete the second floor. Fun and games await on the full-height lower level, finished with a large gym and a spectacular home theater, perfect for cozy movie nights. Built in 2024 by Pliskin Architecture and developer LTNG, 584 Leonard 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 is located on a quaint tree-lined street in NOMAC, 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.