NOT LISTED FOR SALE

1097 Park Place Brooklyn, NY 11213

Crown Heights Neighborhood

Estimated Value: $1,625,000 - $2,492,093

6 Beds
3 Baths
3,306 Sq Ft
$589/Sq Ft Est. Value

Last Sold July 01, 2020

Last sale price $1,390,000 $420 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $11,114/month

Highlights

  • 2,755 Sq Ft lot
  • 5-minute walk to Kingston Avenue
  • Fireplace
  • Brownstone
  • Wood Flooring
  • 2-minute walk to Brower Park

About This Home

As of July 2020

Built in 1901 this classic 3 Family Brownstone can be yours! The 19 x 50 ft. building sits on a 19 x 145 lot. There is 3300 SqFt of fabulous living space. The garden level has 2 bedrooms, 1 bath, and includes direct access to a private over-sized yard. Enjoy the magnificent sun-filled parlor level with high ceilings. You can capture even more more sun on the top floor with 2 bedrooms. Every floor has the original fireplace intact. The cellar can be combined with the ground floor to become over 2100 SqFt of living space. Includes 3 units - owner’s apartment and two apartments for rent, receiving $5000 a month (which would cover a mortgage of about $1,000,000). Own this piece of history for less than renting an apartment in the same neighborhood. This property has plenty of potential! Includes many authentic details such as original hardwood floors, tin ceilings, fireplaces and crown moldings, pocket doors, ceiling medallions and wood crafted partition in the living room. Close to public transportation.

Last Agent to Sell the Property

Leonid Sklyar

RE/MAX Edge License #10301207131 Listed on: 10/11/2019

RE/MAX Edge

Co-Listed By

Sal Calabrese

Last Buyer's Agent

Albert Taye

RE/MAX Edge License #30TA0927395

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,041

Year Built

  • Built in 1901

Lot Details

  • 2,755 Sq Ft Lot
  • Lot Dimensions are 145 x 19
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brownstone
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3,306 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 1237

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $2,000
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,041

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Basement Amenities: Full, Semi-Finished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Beds Total Level1: 2
  • Beds Total Level2: 2
  • Beds Total Level3: 2
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 950
  • Building Length: 50.00
  • Building Width: 19.00
  • Co List Office Mls Id: 110460
  • Co List Office Phone: (718) 236-7100
  • Confirmed By M L S Y N: Yes
  • Cross Street: Kingston Avenue
  • Cross Street Name2: Albany Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Fireplace, Refrigerator, Stove
  • Fill Sq Ft Total: 3306
  • Building Stories: 3
  • Street Name I D X: Park
  • Street Number I D X: 1097
  • Building Style: Triplex
  • Year Built: 1901
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Hardwood
  • Lot Sq Ft: 2755
  • Total Rooms: 12

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick, Brownstone
  • Foundation Details: Block
  • Lot Number: 83
  • Roof: Flat

Utilities

  • Air Conditioning Units: 3
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 145
  • Lot Size Width: 19
  • Zoning: R6

Multi Family

  • Insurance Expense: 1200.00
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 5041.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2019
Closed on
Jul 1, 2020
Sold by
Edgar Henry Irrevocable Trust and Quintin Franklin As Trustee
Bought by
Smith Heidi M and Smith Justin B
Seller's Agent
Leonid Sklyar
RE/MAX Edge
Buyer's Agent
Albert Taye
RE/MAX Edge
Sold Price
$1,390,000
Current Estimated Value
$1,948,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,773
Avg. Annual Appreciation
6.77%
Original Mortgage
$930,000
Outstanding Balance
$826,498
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,122,275

Purchase Details

Closed on
Mar 23, 2012
Sold by
Edgar Henry
Bought by
Edgar Henry Irrevocable Trust

Purchase Details

Closed on
Dec 15, 1997
Sold by
Henry Dorothy
Bought by
Henry Edgar
Source: Public Records

Range of Values:

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Average Value
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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
Smith Heidi M $1,380,000 --
Smith Heidi M $1,380,000 --
Edgar Henry Irrevocable Trust -- --
Edgar Henry Irrevocable Trust -- --
Henry Edgar -- Chicago Title Insurance Co
Henry Edgar -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Heidi M $930,000
Closed Smith Heidi M $70,000
Closed Smith Heidi $174,000
Closed Smith Heidi M $930,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2020 07/01/20 Sold $1,390,000 -- $420 / Sq Ft
10/11/2019 10/11/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $6,197 $124,980 $27,180 $97,800
2024 $6,197 $119,460 $27,180 $92,280
2023 $6,228 $132,540 $27,180 $105,360
2022 $5,779 $109,320 $27,180 $82,140
2021 $5,753 $107,160 $27,180 $79,980
2020 $2,703 $103,980 $27,180 $76,800
2019 $5,086 $90,720 $27,180 $63,540
2018 $4,912 $25,557 $7,703 $17,854
2017 $4,618 $24,124 $7,434 $16,690
2016 $4,244 $22,780 $9,476 $13,304
2015 $2,525 $22,711 $10,539 $12,172
2014 $2,525 $21,427 $11,937 $9,490
Source: Public Records

Agents Affiliated with this Home

  • Leonid Sklyar

    Seller's Agent in 2020

    Leonid Sklyar

    RE/MAX Edge

    (347) 515-3898

    1 in this area

    125 Total Sales

    Leonid Sklyar
    Section Image

  • S

    Seller Co-Listing Agent in 2020

    Sal Calabrese

  • Albert Taye

    Buyer's Agent in 2020

    Albert Taye

    RE/MAX Edge

    (917) 592-1281

    1 in this area

    75 Total Sales

    Albert Taye
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 433979

Brooklyn Board of REALTORS®

APN: 01237-0083

New York Kings County Brooklyn 11213 Crown Heights

1097 Park Place, Brooklyn, NY

This home is located at 1097 Park Place, Brooklyn, NY 11213 since 11 October 2019 and is currently estimated at $1,948,773, approximately $589 per square foot. This property was built in 1901. 1097 Park Place is a home located in Kings County with nearby schools including Ps 289 George V Brower, Success Academy Prospect Heights, and Hebron Seventh-Day Aventist Bilingual.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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