NOT LISTED FOR SALE

Estimated Value: $1,355,000 - $1,826,089

4 Beds
3 Baths
2,430 Sq Ft
$653/Sq Ft Est. Value

Last Sold June 29, 2020

Last sale price $1,050,000 $432 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $8,795/month

240 Days on Market

About This Home

As of June 2020

Priced to SELL!!!116A Patchen Avenue is a red brick three story, two family home complete with decorative brownstone lintels and windowsills. It has been carefully maintained for the past 20 years and the mechanicals and systems are all in good working condition. The house is habitable and ready to be reconfigured and updated with the installation of new kitchens and new bathrooms. The top floor features a two bedroom rental unit with an open plan kitchen and living room. The parlor floor has soaring ceilings and is currently configured with two bedrooms and one bathroom, plus a large walk in closet. The ground floor has a living room, dining room, kitchen and bathroom. This level also features a dry sun-room and then on to a spacious and functional fenced back yard. The basement is finished with a recreation room, office area and laundry and the mechanicals are all housed in a clean and dry room with ample space for handiwork projects. A nod to green living has been made with the installation of solar panels on the roof and this contract can be transferred to the new owner. The ever popular "The Wilky" is on the corner and within easy reach are L'Antagoniste, Toad Style, Peri Peri Grill House and Turtles all the way down, to name but a few.Across the street is an NYC Park and a playground, well maintained and well used by the community including sports teams from baseball to basketball to football. Beside that is a community garden where you can hone your green thumb.You've heard about the community spirit in Bedford Stuyvesant. Come and experience it for yourself in this affordable home.

Last Agent to Sell the Property

Emma James

Corcoran Group License #10401293345 Listed on: 10/28/2019

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,252

Year Built

  • Built in 1899

Lot Details

  • 1,437

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 80.0 x 18.0

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,252

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Monroe Street & Madison Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 80.0 x 18.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1642

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
Jun 29, 2020
Sold by
Gamble Cynthia S and Gamble Ronald
Bought by
Moocarme Matthew
Seller's Agent
Emma James
Corcoran Group
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
Current Estimated Value
$1,587,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$537,272
Avg. Annual Appreciation
8.38%
Original Mortgage
$864,000
Outstanding Balance
$770,925
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$812,977

Purchase Details

Closed on
Jan 23, 1998
Sold by
Landmark Equities Corp
Bought by
Gamble Ronald and Gamble Cynthia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,850
Interest Rate
6.89%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 1995
Sold by
Johnson Willie Mae
Bought by
Landmark Equities Corp
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
Moocarme Matthew $1,080,000 --
Gamble Ronald $176,000 Commonwealth Land Title Ins
Landmark Equities Corp $19,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moocarme Matthew $864,000
Closed Moocarme Matthew $864,000
Previous Owner Gamble Cynthia S $4,731
Previous Owner Gamble Cynthia $32,587
Previous Owner Gamble Cynthia S $230,000
Previous Owner Gamble Ronald $175,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2020 06/29/20 Sold $1,050,000 -16.0% $432 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
10/02/2019 10/02/19 For Sale $1,250,000 -- $514 / 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 $1,252 $108,180 $16,140 $92,040
2024 $1,252 $103,440 $16,140 $87,300
2023 $1,200 $96,960 $16,140 $80,820
2022 $1,115 $86,640 $16,140 $70,500
2021 $1,176 $74,580 $16,140 $58,440
2020 $882 $81,120 $16,140 $64,980
2019 $793 $87,060 $16,140 $70,920
2018 $707 $4,926 $1,184 $3,742
2017 $649 $4,656 $1,300 $3,356
2016 $621 $4,656 $1,757 $2,899
2015 $310 $4,575 $2,591 $1,984
2014 $310 $4,328 $2,941 $1,387
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10621971

Real Estate Board of New York (REBNY)

APN: 01642-0045