NOT LISTED FOR SALE

Estimated Value: $3,382,000 - $3,775,000

5 Beds
4 Baths
3,500 Sq Ft
$1,032/Sq Ft Est. Value

Last Sold January 22, 2024

Last sale price $3,500,000 $1,000 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $19,673/month

115 Days on Market

About This Home

As of January 2024

On one of the most coveted blocks in the Clinton Hill Historic District, 109 Cambridge Place is an 1873 Italianate townhouse with beautiful proportions and intact original details. The block is reflective of the rich variety in architecture that gives Clinton Hill its unique character.

Currently set up as a three-family home, the building is approximately 3,500 square feet and has approximately 500 SF of additional FAR. It can be delivered vacant, offering you the option of converting it into a magnificent single-family home or an upper triplex with a garden rental.

The gracious parlor floor with 11' 6" ceilings is part of a lower garden duplex unit. The mature, fully landscaped garden oasis features a koi pond, and adds a true sense of beauty to this magical home. The third floor features a sizeable one-bedroom unit with a fireplace and walk-in closets. On the fourth floor, a one-bedroom unit with a home office or a second bedroom completes this masterful home. The two upper rentals, currently vacant, are in immediately rentable condition. The original configuration of the home remains largely intact, which would help anyone looking to convert the house to one of the uses mentioned above. The house has been extremely well maintained by its current owners.

109 Cambridge Place has great proximity to the vibrant and revitalized Fulton Avenue retail corridor, replete with all the services and amenities, as well as newly built public plazas. All this enhances the much talked about community vibe of this established Brooklyn neighborhood. Convenient to the A/C & G trains.

Last Agent to Sell the Property

Douglas Bowen

Douglas Elliman Real Estate License #10301217443 Listed on: 05/22/2023

Douglas Elliman Real Estate

Co-Listed By

Zia O'Hara

Douglas Elliman Real Estate License #10301222365

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,548

Year Built

  • Built in 1899

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100.00x20.00

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,500 Sq Ft Home
  • 3-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling

Community Details

  • 3 Units
  • Clinton Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 0020 / 01981

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,548

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Clinton Hill
  • Entry Level: 1
  • Structure Type: Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Fireplace: No
  • Living Area: 3500.0
  • Living Area Units: Square Feet
  • Rooms (Total): 11
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2000.0
  • Lot Size Dimensions: 100.00x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 01981
  • Tax Lot: 0020
  • Tax Annual: 4548.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Jan 22, 2024
Sold by
David Blythe Trustee and Mary L Meyer Trustee
Bought by
Karambelas Nicholas and Vidi Madelena
Seller's Agent
Douglas Bowen
Douglas Elliman Real Estate
List Price
$3,675,000
Sold Price
$3,500,000
Premium/Discount to List
-$175,000
-4.76%
Views
309
Current Estimated Value
$3,611,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,333
Avg. Annual Appreciation
1.87%
Original Mortgage
$2,450,000
Outstanding Balance
$2,404,296
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,207,037

Purchase Details

Closed on
Sep 20, 2016
Sold by
Garlid Karl M and Meyer Mary L
Bought by
David Blythe As Trustee and Mary L Meyer As Trustee

Purchase Details

Closed on
Aug 21, 2001
Sold by
Perez Violet M and Violet M Perez Revocable
Bought by
Garlid Karl M and Meyer Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 1998
Sold by
Perez Violet M
Bought by
Perez Violet M and Violet M Perez Revocable Trust
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
Karambelas Nicholas $3,500,000 --
Karambelas Nicholas $3,500,000 --
David Blythe As Trustee -- --
David Blythe As Trustee -- --
Garlid Karl M -- --
Garlid Karl M -- --
Perez Violet M -- First American Title Ins Co
Perez Violet M -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karambelas Nicholas $2,450,000
Closed Karambelas Nicholas $2,450,000
Previous Owner Garlid Karl M $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2024 01/22/24 Sold $3,500,000 -4.8% $1,000 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $3,675,000 -- $1,050 / 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 $6,310 $168,840 $34,320 $134,520
2024 $6,310 $185,700 $34,320 $151,380
2023 $6,323 $195,180 $34,320 $160,860
2022 $4,399 $165,660 $34,320 $131,340
2021 $5,836 $132,900 $34,320 $98,580
2020 $4,374 $145,560 $34,320 $111,240
2019 $5,477 $138,480 $34,320 $104,160
2018 $5,289 $25,945 $6,052 $19,893
2017 $4,991 $24,482 $4,991 $19,491
2016 $4,620 $23,108 $5,624 $17,484
2015 $2,786 $21,819 $7,958 $13,861
2014 $2,786 $21,819 $9,549 $12,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10928622

Real Estate Board of New York (REBNY)

APN: 01981-0020