NOT LISTED FOR SALE

Estimated Value: $1,120,000 - $1,303,000

5 Beds
4.5 Baths
2,700 Sq Ft
$453/Sq Ft Est. Value

Last Sold May 05, 2022

Last sale price $1,265,000 $469 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,556/month

34 Days on Market

About This Home

As of May 2022

1342 Gates Ave is a lovingly maintained two family home with a total of 5 bedrooms, 4.5 baths, double entrances, and a peaceful garden in the heart of booming Bushwick! Built 20 by 45 with 2,700 sq ft of living space. With all the cafes, restaurants, event spaces and excitement within a few blocks you may never want to leave, but if you have to- this wonderful home is just moments from the L, M, J, and Z trains and you can be in Manhattan in less than 30 minutes.

The moment you step foot inside 1342 Gates Ave, you will feel at home. Enter on the parlor level into the sprawling living room with soaring ceilings that has a wall of windows welcoming in warm North Western sunshine. Spread out with enough space for a comfortable seating area plus a dining table. The large open concept kitchen is a cook's dream, with a ton of counter space and cabinets, full size appliances including a dishwasher, and a large breakfast bar with room for 4 stools.

This floor has two quiet bedrooms located at the back of the home, overlooking the huge private garden.The master bedroom has an en-suite bathroom and a walk-in closet, with a door to the garden so you can step right out into the sunshine! An interior staircase leads you to the garden level, where you'll be overjoyed to find bonus space that has endless possibilities! Use this as extra living space, a home office, exercise room, movie theater, play room, or artist/creative studio. A huge third room with a large closet is also on this level, plus a half bath and a laundry room. There is also access to the backyard from here. In the back of the home, a large and peaceful garden that is accessible from the duplex on the garden and parlor levels has a beautiful tree creating shade in the warm summer months. On the top floor, you'll find a spectacular three bedroom, two bathroom apartment with high ceilings plus a skylight, an in-unit washer/dryer combo and closets in every bedroom. This space could generate approximately $3,000/month in rental income.

The location couldn't be better with the L, M, J & Z trains just a few blocks from 1342 Gates Ave. Bushwick's best nightlife, restaurants, cafes and galleries are all within walking distance, including Bushwick's best bakery with the best croissants on the planet- L'imprimerie. You'll be in Manhattan in less than 30 minutes by train, bike or car- street parking is easy in this part of Bushwick and there are a multitude of bike lanes.

Last Agent to Sell the Property

Daniel Cohen

Corcoran Group License #10401261296 Listed on: 10/18/2021

Corcoran Group

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1,481

Home Design

Interior Spaces

  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Lot Details

1,481 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2021
Closed on
May 4, 2022
Sold by
Erice Anthony and Erice Carla
Bought by
Heywood Morano Adam and Jenks Tessa Elizabeth
Seller's Agent
Daniel Cohen
Corcoran Group
List Price
$1,300,000
Sold Price
$1,265,000
Premium/Discount to List
-$35,000
-2.69%
Current Estimated Value
$1,224,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,667
Avg. Annual Appreciation
-0.84%
Original Mortgage
$1,075,250
Outstanding Balance
$1,016,084
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$208,249

Purchase Details

Listed on
Jan 6, 2014
Closed on
May 13, 2014
Sold by
Baptista Rafael and Triton Marine %
Bought by
Erice Anthony and Erice Carla
Seller's Agent
Diana Hermanowski
Douglas Elliman Real Estate
List Price
$860,000
Sold Price
$800,000
Premium/Discount to List
-$60,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$533,800
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2012
Sold by
Namac Inc
Bought by
Baptista Rafael A

Purchase Details

Closed on
Sep 13, 2011
Sold by
Napoletano-Referee Domenick Esq
Bought by
Namac Inc

Purchase Details

Closed on
May 22, 2006
Sold by
Kendly Kenneth
Bought by
Milner Sharen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2001
Sold by
Waverly Realty Llc and Weiss Mildred
Bought by
Kendly Kenneth J
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
Heywood Morano Adam $1,265,000 --
Heywood Morano Adam $1,265,000 --
Erice Anthony $800,000 --
Erice Anthony $800,000 --
Baptista Rafael A $568,000 --
Baptista Rafael A $568,000 --
Namac Inc $200,000 --
Namac Inc $200,000 --
Milner Sharen $570,000 --
Milner Sharen $570,000 --
Kendly Kenneth J $275,000 --
Waverly Realty - Ltd $195,000 --
Kendly Kenneth J $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heywood Morano Adam $1,075,250
Closed Heywood Morano Adam $1,075,250
Previous Owner Erice Anthony $533,800
Previous Owner Milner Sharen $114,000
Previous Owner Milner Sharen $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2022 07/17/22 Off Market $1,265,000 -- --
05/05/2022 05/05/22 Sold $1,265,000 -2.7% $469 / Sq Ft
01/25/2022 01/25/22 For Sale $1,300,000 +62.5% $481 / Sq Ft
05/16/2014 05/16/14 Sold $800,000 -7.0% $296 / Sq Ft View Prior Sale
04/16/2014 04/16/14 Pending -- -- --
01/13/2014 01/13/14 For Sale $860,000 -- $319 / Sq Ft
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 $2,216 $75,420 $8,700 $66,720
2024 $2,216 $63,480 $8,700 $54,780
2023 $2,117 $77,880 $8,700 $69,180
2022 $1,967 $74,580 $8,700 $65,880
2021 $1,960 $67,200 $8,700 $58,500
2020 $974 $56,880 $8,700 $48,180
2019 $1,924 $56,880 $8,700 $48,180
2018 $1,771 $8,686 $1,404 $7,282
2017 $1,674 $8,210 $1,315 $6,895
2016 $1,551 $7,761 $1,680 $6,081
2015 $934 $7,761 $1,889 $5,872
2014 $934 $7,663 $2,240 $5,423
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10769387

Real Estate Board of New York (REBNY)

APN: 03342-0031

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