NOT LISTED FOR SALE

Estimated Value: $1,110,082 - $1,576,000

5 Beds
3 Baths
-- Sq Ft
1,263 Sq Ft

Last Sold August 29, 2018

Last sale price $1,312,500

Est. 1% decrease in value since last sale

Current estimated payment $6,911/month

82 Days on Market

Highlights

  • Terrace
  • 5-minute walk to Halsey Street (J Line)
  • 2-minute walk to Evergreen Playground
  • Garden

About This Home

As of August 2018

New to the market. A rare opportunity to own a wonderful, renovated 3-story, 2-family townhouse in Bushwick, complete with a private parking spot.

Set up as an owner's 3-bedroom duplex over a 2-bedroom rental unit, this modern home has everything you could ever hope for: a gracious open layout, multiple outdoor spaces, charming architectural details, low taxes and, of course, the always coveted parking space.

Upon entering the owner's parlor level, the first thing you will notice is the deep and open layout. Entertaining is an absolute pleasure with the well-appointed chef's kitchen centrally positioned between the living and dining areas. Everything is at your fingertips in the chocolate-colored cabinetry as you whip up meals on expansive granite countertops and stainless steel appliances. Large windows bring in abundant natural light, while exposed brick, wood beamed ceiling, and a decorative fireplace add distinct charm to the space. This level also features a pristine half bath and an entrance to the home's private deck and back yard where you can enjoy quiet morning coffee or dine al fresco on cool summer evenings.

On the second floor, you'll find 3 bedrooms and 2 full bathrooms located just off of an airy landing with a skylight and washer/dryer. The king size master bedroom is strategically situated at the back of the house, offering a private haven with en suite bath and a walk-in closet.

The rental duplex perfectly complements the owner's unit, with exposed brick, a decorative fireplace, and its own washer/dryer. This 2 bedroom/1 bath apartment has a separate entrance and an enormous living space, making this a great income-producer to offset your mortgage. What's more, it can be delivered vacant or with the current tenant in place. This is a wonderful opportunity and a superb investment.

1320 Bushwick Avenue enjoys low annual taxes (under $2,500). The location is fantastic, in the heart of Bushwick with all of its exciting restaurants and art scene just minutes away, plus the J/Z is just a few blocks away and the L subway is also nearby for a convenient commute to Manhattan.

Last Agent to Sell the Property

Melissa Bolotow

Compass License #10401256792 Listed on: 04/23/2018

Compass

Co-Listed By

Brad Malow

Compass License #10301215053

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1,263

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • 2-Story Property
  • Terrace
  • Garden

Community Details

  • 2 Units
  • Busk Subdivision

Listing and Financial Details

  • Tax Block 3420

Property Details

Home Type

Multi-Family

Lot Details

1,263 Sq Ft Lot

Listing Details

  • Cross Street: Covert St
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: BUSK
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 2

Tax Info

  • Tax Block: 3420

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2019
Sold by
Butts Kwynn A and Butts Ray A
Bought by
1320 Bushwick Avenue Llc
Current Estimated Value
$1,293,771

Purchase Details

Listed on
Apr 23, 2018
Closed on
Aug 29, 2018
Sold by
Anderson Charles John W and Anderson Gloria Elaine
Bought by
Butts Kwynn A and Butts Ray A
Seller's Agent
Melissa Bolotow
Compass
List Price
$1,325,000
Sold Price
$1,312,500
Premium/Discount to List
-$12,500
-0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.19%
Original Mortgage
$1,050,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 12, 2013
Sold by
1320 Bushwick Realty Llc
Bought by
Anderson Charles John W and Anderson Gloria Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,696
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2013
Sold by
Brown Ginger and Feliz Luis
Bought by
1320 Bushwick Realty Llc

Purchase Details

Closed on
Jun 15, 2007
Sold by
Brown Ginger
Bought by
Brown Ginger and Feliz Luis

Purchase Details

Closed on
Dec 15, 2004
Sold by
Price David and Price Monica
Bought by
Brown Ginger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,800
Interest Rate
5.73%

Purchase Details

Closed on
Mar 17, 1999
Sold by
Natan Inc
Bought by
Price David and Price Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,050
Interest Rate
7.6%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 11, 1999
Sold by
Lamour Gladys
Bought by
Natan Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,050
Interest Rate
7.6%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 1999
Sold by
Cross State Development Inc
Bought by
Natan Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,050
Interest Rate
7.6%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 1998
Sold by
Lokmani Latifa
Bought by
Natan Inc

Purchase Details

Closed on
Aug 4, 1998
Sold by
Lamour Gladys
Bought by
Lokmani Latifa

Purchase Details

Closed on
Sep 3, 1997
Sold by
Lamour Gladys Dominique and Lamour Matthew
Bought by
Cross State Development Corp
Source: Public Records
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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
1320 Bushwick Avenue Llc $10 --
1320 Bushwick Avenue Llc $10 --
Butts Kwynn A $1,312,500 --
Butts Kwynn A $1,312,500 --
Anderson Charles John W $749,000 --
Anderson Charles John W $749,000 --
1320 Bushwick Realty Llc $220,000 --
1320 Bushwick Realty Llc $220,000 --
Brown Ginger -- --
Brown Ginger -- --
Brown Ginger $380,070 --
Brown Ginger $380,070 --
Price David $191,500 --
Price David $191,500 --
Natan Inc -- --
Natan Inc -- --
Natan Inc $7,000 --
Natan Inc $7,000 --
Natan Inc $88,000 --
Natan Inc $88,000 --
Lokmani Latifa $40,000 --
Lokmani Latifa $40,000 --
Cross State Development Corp $5,000 First American Title Ins Co
Cross State Development Corp $5,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Butts Kwynn A $1,050,000
Previous Owner Anderson Charles John W $648,696
Previous Owner Brown Ginger $73,800
Previous Owner Brown Ginger $295,200
Previous Owner Price David $185,050
Closed Brown Ginger $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2018 08/29/18 Sold $1,312,500 -0.9% --
07/30/2018 07/30/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $1,325,000 -- --
Source: Real Estate Board of New York (REBNY)

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 $3,195 $83,280 $9,420 $73,860
2024 $3,195 $70,620 $9,420 $61,200
2023 $3,048 $86,640 $9,420 $77,220
2022 $2,832 $70,920 $9,420 $61,500
2021 $2,819 $65,700 $9,420 $56,280
2020 $1,399 $68,700 $9,420 $59,280
2019 $2,773 $68,040 $9,420 $58,620
2018 $2,550 $12,507 $2,508 $9,999
2017 $2,410 $11,822 $2,585 $9,237
2016 $2,232 $11,164 $2,334 $8,830
2015 $1,125 $11,146 $2,413 $8,733
2014 $1,125 $11,046 $2,871 $8,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10091123

Real Estate Board of New York (REBNY)

APN: 03420-0030

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