NOT LISTED FOR SALE

116 Patchen Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,410,000 - $1,783,000

4 Beds
3 Baths
1,944 Sq Ft
$819/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $1,100,000 $566 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $8,939/month

Highlights

  • Wood Flooring
  • Garden
  • Laundry Facilities
  • Fenced Yard
  • Baseboard Heating

About This Home

As of November 2023

This 3 story, two-family townhouse, converted from a single family, is located one block from the coveted Bedford Stuyvesant Heights Historic District and features 4 bedrooms and 3 full baths plus a basement. The garden level has a charming living room, dining area and kitchen with access to the yard. The second floor has 2 extra large bedrooms and a full bath. The 3rd floor apartment is bright and sunny with a living room, large bedroom, kitchen, second bedroom/office/studio and full bath. Roof is less than 2 years old and taxes are very low. This turn of the century home has endless possibilities. Maintain it as an income producing property or transform it back to a spectacular single family home. Conveniently located to transportation and shopping.

Last Agent to Sell the Property

Maria 'Melinda' Micciola

RE/MAX Elite License #10401350345 Listed on: 02/10/2023

RE/MAX Elite

Last Buyer's Agent

Joseph Madaio

RE/MAX Elite License #062805535354853

RE/MAX Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,872

Year Built

  • Built in 1899

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 80 x 18
  • Fenced Yard
  • Garden
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,944 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Cellar
  • Stove
  • Dryer

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Community Details

  • 2 Units
  • Laundry Facilities
  • 2 Vacant Units

Listing and Financial Details

  • Tax Block 1642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,872

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Unfinished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Beds Total Level2: 2
  • Beds Total Level3: 2
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 648
  • Building Length: 36.00
  • Building Width: 18.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Madison St
  • Cross Street Name2: Monroe St
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dryer, Laundry Area, Patio Garden, Refrigerator, Stove
  • Rooms Total Level1: 3
  • Rooms Total Level2: 2
  • Rooms Total Level3: 4
  • Fill Sq Ft Total: 1944
  • Building Stories: 3
  • Street Name I D X: Patchen
  • Street Number I D X: 116
  • Building Style: Other
  • Waterfront Present: No
  • Year Built: 1899
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Carpeting, Hardwood, Tile
  • Lot Sq Ft: 1440
  • Total Rooms: 9

Exterior Features

  • Yard: Back, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 44
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 18
  • Zoning: B3

Tax Info

  • Flip Tax Amount: 2872.00

Multi Family

  • Unit Count: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2024
Sold by
Mtek Blue Llc
Bought by
Deane Alexis and Lembo Nicholas
Current Estimated Value
$1,592,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,500
Outstanding Balance
$165,687
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,453,099

Purchase Details

Listed on
Feb 10, 2023
Closed on
Nov 3, 2023
Sold by
Hinds Bernel S and Hinds Marcia C
Bought by
Mtek Blue Llc
Seller's Agent
Maria 'Melinda' Micciola
RE/MAX Elite
Buyer's Agent
Joseph Madaio
RE/MAX Elite
List Price
$1,399,000
Sold Price
$1,100,000
Premium/Discount to List
-$299,000
-21.37%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.94%
Original Mortgage
$1,130,000
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2005
Sold by
Hinds Bernel S and Hinds Marcia C
Bought by
Hinds Bernel S and Hinds Marcia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.71%

Purchase Details

Closed on
Oct 20, 1998
Sold by
Hinds Marcia C and Knights Glenn M
Bought by
Hinds Bernel S and Hinds Marcia C

Purchase Details

Closed on
Apr 8, 1998
Sold by
Alliance Development Corp
Bought by
Hinds Marcia C and Knights Glenn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,888
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 1997
Sold by
Charles Deborah and Robinson John C
Bought by
Alliance Development Corp

Purchase Details

Closed on
Sep 1, 1996
Sold by
Charles Deborah and Robins John C
Bought by
Alliance Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,950
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deane Alexis $1,730,000 --
Deane Alexis $1,730,000 --
Mtek Blue Llc $1,100,000 --
Mtek Blue Llc $1,100,000 --
Hinds Bernel S -- --
Hinds Bernel S -- --
Hinds Bernel S -- Uslife Title Insurance Compa
Hinds Bernel S -- Uslife Title Insurance Compa
Hinds Marcia C $176,000 Commonwealth Land Title Ins
Hinds Marcia C $176,000 Commonwealth Land Title Ins
Alliance Development Corp $57,500 Metropolitan Title Guaranty
Alliance Development Corp $57,500 Metropolitan Title Guaranty
Alliance Development Corp $61,000 --
Alliance Development Corp $61,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deane Alexis $167,500
Closed Deane Alexis $167,500
Previous Owner Mtek Blue Llc $1,130,000
Previous Owner Hinds Marcia C $200,000
Previous Owner Hinds Bernel S $435,000
Previous Owner Hinds Bernel S $350,000
Previous Owner Hinds Bernel S $220,000
Previous Owner Hinds Marcia C $173,888
Previous Owner Alliance Development Corp $57,950
Closed Hinds Bernel S $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2023 11/03/23 Sold $1,100,000 -21.4% $566 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $1,399,000 -- $720 / Sq Ft
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 $3,108 $98,280 $15,900 $82,380
2024 $3,108 $93,960 $15,900 $78,060
2023 $2,822 $115,320 $15,900 $99,420
2022 $2,595 $96,600 $15,900 $80,700
2021 $2,576 $94,680 $15,900 $78,780
2020 $1,279 $88,680 $15,900 $72,780
2019 $2,405 $76,260 $15,900 $60,360
2018 $2,301 $12,746 $3,046 $9,700
2017 $2,153 $12,031 $4,535 $7,496
2016 $1,964 $11,373 $5,785 $5,588
2015 $1,149 $11,370 $8,660 $2,710
2014 $1,149 $10,747 $6,959 $3,788
Source: Public Records

Agents Affiliated with this Home

  • Joseph Madaio

    Buyer's Agent in 2023

    Joseph Madaio

    RE/MAX

    (347) 392-7487

    1 in this area

    42 Total Sales

    Joseph Madaio
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 471792

Brooklyn Board of REALTORS®

APN: 01642-0044

New York Kings County Brooklyn 11221 Bed-Stuy

116 Patchen Ave, Brooklyn, NY

This home is located at 116 Patchen Ave, Brooklyn, NY 11221 since 10 February 2023 and is currently estimated at $1,592,907, approximately $819 per square foot. This property was built in 1899. 116 Patchen Ave is a home located in Kings County with nearby schools including P.S. 309 George E. Wibecan Preparatory Academy, Excellence Girls Charter School, and Excellence Boys Charter School Academy.

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.

Nearby Homes