NOT LISTED FOR SALE

1309 Gates Ave Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,494,000 - $1,754,000

9 Beds
6 Baths
4,550 Sq Ft
$347/Sq Ft Est. Value

Sale Details

Date Sold: September 3, 2024

Last sale price $1,475,000 $324 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,052 / mo

21 Days on Market

Highlights

  • Colonial Architecture
  • Baseboard Heating
  • 2-minute walk to Heckscher Playground

About This Home

As of September 2024

Gorgeous Multi-family brick building in Bushwick with 1 car parking! 3-Family plus large basement with entrance from outside and walkout to backyard! Separate boilers and hot water heaters. Book a showing today! ? To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.

Last Agent to Sell the Property

Hua Bin Chen

Liberty Chateau Realty Inc Brokerage Phone: 347-542-3913 License #10401369507 Listed on: 07/10/2024

Last Buyer's Agent

Non Member

NonMember

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,737

Year Built

  • Built in 2007

Lot Details

  • 1,946 Sq Ft Lot
  • Lot Dimensions are 18.75x103.77
  • Two or More Common Walls

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Parking Space
  • Private Parking
  • Driveway

Schools

  • Ps 116 Elizabeth L Farrell Elementary School
  • JHS 383 Philippa Schuyler Middle School
  • Brooklyn School For Social Justice High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 152 / 3333
  • Assessor Parcel Number 03333-0152

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,737

Year Built

Built in 2007

Lot Details

1,946 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 2007
  • New Construction: No
  • Attribution Contact: 347-542-3913
  • BuildingSize: 18.75x50.85
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 6
  • Basement: Full, Unfinished, Walk-Out Access
  • Total Bedrooms: 9
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Other, Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • SeparateHotwaterHeaterDetail: 3

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 383 Philippa Schuyler

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 18.75x103.77
  • Lot Size Sq Ft: 1946
  • Lot Size Units: Acres
  • Parcel Number: 03333-0152
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Available Date: 2024-09-18

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 8737.4
  • Tax Block: 3333
  • Tax Lot: 152
  • Tax Map Number: 03333-0152

MLS Schools

  • Elementary School: Ps 116 Elizabeth L Farrell
  • High School: Brooklyn School For Social Justice
  • Middle School District: Brooklyn 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2024
Closed on
Aug 30, 2024
Sold by
The Lodge Series Iii Trust and Us Bank Trust Na As Trustee
Bought by
Reddy Radhika C
Seller's Agent
Hua Bin Chen
Liberty Chateau Realty Inc
Buyer's Agent
Non Member
NonMember
List Price
$1,300,000
Sold Price
$1,475,000
Premium/Discount to List
$175,000
13.46%
Views
19
Current Estimated Value
$1,581,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,011
Avg. Annual Appreciation
4.27%
Original Mortgage
$958,750
Outstanding Balance
$946,156
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$634,856

Purchase Details

Closed on
Dec 12, 2023
Sold by
Longo Mark A Esq
Bought by
Us Bank Trust National Association

Purchase Details

Closed on
Apr 6, 2006
Sold by
Benvenuto Robert
Bought by
Empire Equities Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 1982
Sold by
Augie Moschitto C
Bought by
Benventuro Robert
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reddy Radhika C $1,502,004 --
Reddy Radhika C $1,502,004 --
Us Bank Trust National Association $999,999 --
Us Bank Trust National Association $999,999 --
Us Bank Trust National Association $999,999 --
Empire Equities Inc $499,500 --
Empire Equities Inc $499,500 --
Benventuro Robert -- --
Benventuro Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddy Radhika C $958,750
Closed Reddy Radhika C $958,750
Previous Owner Empire Equities Inc $950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2024 09/03/24 Sold $1,475,000 +13.5% $324 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $1,300,000 -- $286 / Sq Ft
Source: OneKey® MLS

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 $8,737 $82,800 $7,860 $74,940
2024 $8,737 $75,180 $7,860 $67,320
2023 $8,335 $80,340 $7,860 $72,480
2022 $8,193 $88,020 $7,860 $80,160
2021 $8,572 $78,480 $7,860 $70,620
2020 $4,020 $94,620 $7,860 $86,760
2019 $7,584 $75,240 $7,860 $67,380
2018 $6,972 $34,200 $3,148 $31,052
2017 $6,972 $34,200 $3,909 $30,291
2016 $6,786 $33,943 $5,237 $28,706
2015 $3,983 $32,022 $5,549 $26,473
2014 $3,983 $30,210 $6,284 $23,926
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Hua Bin Chen

    Liberty Chateau Realty Inc

    (347) 542-3913

    1 in this area

    35 Total Sales

    Hua Bin Chen
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member

    NonMember

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3564939

OneKey® MLS

APN: 03333-0152

New York Kings County Brooklyn 11221 Bushwick

1309 Gates Ave, Brooklyn, NY

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