NOT LISTED FOR SALE

Estimated Value: $1,682,000 - $2,362,353

6 Beds
4 Baths
2,720 Sq Ft
$753/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $1,700,000 $625 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $11,347/month

218 Days on Market

About This Home

As of December 2020

Designated March 24, 2015, The Crown Heights North III Historic District comprises more than 600 buildings, including single and two-family row houses, flats buildings, and apartment houses primarily built from the 1870s to the 1930s. These buildings represent the wealth of architectural styles that flourished in Brooklyn during this period, including the Neo-Grec, Queen Anne, Romanesque Revival, Renaissance Revival, Beaux Arts, Colonial Revival, Arts and Crafts, and Art Deco styles. Then there is Sterling Place ? There you will discover the city?s earliest, most extensive, and most stylistically diverse collection of ?Kinko? houses, outstanding two-family duplex residences that enjoyed a brief period of popularity in Brooklyn from 1905 to about 1913. This extraordinary concentration of buildings is one of the district?s standout features. In 1905, the Kings & Westchester Land Company began constructing the ingenious alternative and in 1907, another type of dwelling hit the market: The Kinko Duplex House. Each fairytale looking group is a row of six houses. 1040-1040A Sterling Place dates to 1905. Designed by Mann, MacNeille & Lindberg, this exceptionally unique and rare Arts and Crafts style house with red and dark brick trim on its arches, doors, and window frames is both a standout and an unusual find. Happened upon one of the most beguiling streets, up steps and brick sidewalls the building has two separate ground-level numbered front door entrances that are both served with individual foyers. Each comfortable unit is constructed with a living, dining, powder room and kitchen on the lower level joined with three bedrooms plus one full bath on the upper level. So, in full house presentation; six bedrooms, four baths, two kitchens, and two living + dining rooms under one pyramidal gabled roof. This ideal plan presents the opportunity to live in a one unit, and invest in an all-inclusive other, without compromising the exemplar design of the house. Or, perhaps a soon to be owner would eventually combine both units into a special single residence. Distinctive features and a flexible configuration make 1040-1040A Sterling a unique pick. There is a nice amount of still kept character in this enchanting dwelling. As you wander around each adaptable room, you will immediately discern how appealing this house is. Noticeable are many significant architectural details plus plenty of alluring potential. The lower flat [1040 Sterling Pl.] showcases an inviting parlor floor and efficient kitchen that leads out back to the dreamy and unusually extended 80 foot long yard that has a picture postcard view of St. Gregory the Great Church, a local bell tolling landmark with an iconic, 120-foot-tall, Romanesque-style belfry clad in white brick. The upper flat [1040A Sterling Pl.], with terrific style and decor, stars triple bay windows, wall to wall book shelving, a decorative iron paneled O' Romeo and Juliet balcony, a simply classic oak mantel and brick fireplace [that could be made to glow again], built in plate rail cabinetry, two enviable skylights, and a stairway leading up to a heavenly urban rooftop retreat which was completely transformed with black locust deck tiles and eastern juniper decking. The total measured space now built out on the rare 20 ft x 120 ft lot is approximately 2,720 square feet. The full height cellar holds the building's mechanicals, meters, and laundry. There is as well a terrific woodshop that can be dually accessed through the lower level unit and an outside front of house entry leading down into the building. With a maximum residential FAR of 2.43, though only built at 1.13, the allowed usable floor area is 5,844 square feet. Therefore, an unused FAR of 3,126 square feet will certainly add to the home?s ability to grow and promising measure. Situated within the picturesque Crown Heights North III historic landmark district you will one hundred percent appreciate being near the best that this wonderfully diverse community has to offer. Within walking distance from cozy Brower Park with its expansive green space and playgrounds, the Brooklyn Children?s Museum and one block from bustling Nostrand and Kingston Avenues where you will find an assortment of the most excellent local conveniences such as boutique variety stores, window shops, restaurants, cafes, food suppliers, and key metro transit and bus connections (2,3,5, A & C trains + B49, B44 & B65). And easing further down the road on majestic Eastern Parkway you will soon make your way to dearly beloved Prospect Park, Brooklyn Botanic Garden, The Brooklyn Museum, and The Library at Grand Army Plaza. Today, this Sterling Place Kinko House is as prized and desirable as it was when they were first built. A particularly unrivaled offering, we would be delighted to introduce you

Last Agent to Sell the Property

Stefania Cardinali

Corcoran Group License #10301201130 Listed on: 03/13/2020

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,292

Year Built

  • Built in 1905

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • 4-Story Property
  • Lot Dimensions are 120.0 x 20.0

Community Details

  • 2 Units
  • Crown Heights Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,292

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Cross Street: New York Avenue & Brooklyn Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 120.0 x 20.0

Building Info

  • Units: 2
  • Total Stories: 4
  • Year Built: 1905

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Dec 4, 2020
Sold by
Mclean Marline and Stevenson Karen J
Bought by
Mathew Abel P and Wong Andrew M
Seller's Agent
Stefania Cardinali
Corcoran Group
List Price
$1,625,000
Sold Price
$1,700,000
Premium/Discount to List
$75,000
4.62%
Current Estimated Value
$2,047,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,588
Avg. Annual Appreciation
3.89%
Original Mortgage
$1,275,000
Outstanding Balance
$1,134,569
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$913,019

Purchase Details

Closed on
Mar 8, 2019
Sold by
1040 Sterling Place Llc and Murrell Charles W
Bought by
Mclean Marline

Purchase Details

Closed on
Oct 16, 2013
Sold by
Murrell Charles W
Bought by
1040 Sterling Place Llc

Purchase Details

Closed on
Sep 21, 2005
Sold by
Davy May C and Elliot Hood Kristin
Bought by
Murrell Doreen and Stevenson Karen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2001
Sold by
Vilabrera Conrad
Bought by
Hood George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
7.03%

Purchase Details

Closed on
Apr 29, 1998
Sold by
Vilabrera Leonora and Vilabrera Conrad
Bought by
Vilabrera Conrad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mathew Abel P $1,700,000 --
Mathew Abel P $1,700,000 --
Mclean Marline -- --
Mclean Marline -- --
1040 Sterling Place Llc -- --
1040 Sterling Place Llc -- --
Murrell Doreen $450,000 --
Murrell Doreen $450,000 --
Hood George -- --
Vilabrera Conrad -- --
Vilabrera Conrad -- --
Vilabrera Conrad -- Commonwealth Land Title Ins
Vilabrera Conrad -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathew Abel P $1,275,000
Closed Mathew Abel P $1,275,000
Previous Owner Murrell Doreen $45,000
Previous Owner Murrell Doreen $360,000
Previous Owner Vilabrera Conrad $237,500
Previous Owner Vilabrera Conrad $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $1,700,000 +4.6% $625 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $1,625,000 -- $597 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,292 $122,940 $24,180 $98,760
2024 $7,292 $144,600 $24,180 $120,420
2023 $7,292 $135,420 $24,180 $111,240
2022 $6,734 $110,820 $24,180 $86,640
2021 $7,057 $85,560 $24,180 $61,380
2020 $3,355 $77,580 $24,180 $53,400
2019 $6,329 $72,300 $24,180 $48,120
2018 $6,168 $30,256 $7,555 $22,701
2017 $6,037 $29,617 $9,556 $20,061
2016 $5,586 $27,945 $11,968 $15,977
2015 $3,150 $26,724 $13,036 $13,688
2014 $3,150 $25,214 $10,663 $14,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10622040

Real Estate Board of New York (REBNY)

APN: 01250-0014