NOT LISTED FOR SALE

137 Martense St Brooklyn, NY 11226

Flatbush Neighborhood

Estimated Value: $1,057,000 - $1,637,000

Studio
-- Bath
-- Sq Ft
1901 Built

Last Sold October 04, 2019

Last sale price $1,465,000

Est. 10% decrease in value since last sale

Current estimated payment $7,743/month

162 Days on Market

About This Home

As of October 2019

End-User/Development Site Opportunity in Booming Flatbush: 137 Martense Street is the best-priced entry into Brooklyn townhouse ownership, an ideal development site and a chic, spacious home with rental income. Flatbush has become Brooklyn's newest destination neighborhood and 137 Martense Street is the perfect opportunity to own, live or develop in Brooklyn's New Development hot spot alongside charming blocks of Art Deco apartments and Victorian homes. The recent gut renovation of 137 Martense Street has only enhanced the uniquely large floor plate of the home: three usable stories in a 20' X 60' house on a tremendous 20' X 130' lot with a remarkable 6,838 sq ft remaining buildable, zoned R7-1 on a non-landmarked block. The 1901 house, with its distinctive bay front has the original cornice and lintel, but the entire interior has been renovated to be a chic and modern masterpiece. With a projected income of $5,200/month. 137 Martense Street has myriad opportunites: development site, investor hold, investor/end-user and end-user home. Completely renovated; ask exclusive broker for list of upgrades.137 Martense Street is near excellent transportation equidistant from the B/Q/2/5 trains and the B44 SBS bus at Church Avenue. The bustling restaurant scene on nearby Flatbush, Bedford, Rogers and Nostrand Avenues are making Flatbush a major foodie destination. Short stroll to Target and Home Goods, Brooklyn College, grocery stores and Prospect Park. 137 Martense is at the nexus of the future of Brooklyn, so make an appointment to view today.

Last Agent to Sell the Property

Jeff Gardner

Corcoran Group License #10301210397 Listed on: 03/25/2019

Corcoran Group

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1901

Home Design

  • Pre War Building

Additional Features

  • 3-Story Property
  • Lot Dimensions are 130.0 x 20.0

Community Details

  • Flatbush Subdivision

Listing and Financial Details

  • Legal Lot and Block 0080 / 5087

Home Details

Home Type

Single Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: Bedford Avenue & Rogers Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Flatbush
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 130.0 x 20.0

Building Info

  • Units: 1
  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 5087
  • Tax Lot: 0080

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
Oct 4, 2019
Sold by
Perry Christopher
Bought by
Cole Dara
Seller's Agent
Jeff Gardner
Corcoran Group
List Price
$1,495,000
Sold Price
$1,465,000
Premium/Discount to List
-$30,000
-2.01%
Current Estimated Value
$1,317,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$147,048
Avg. Annual Appreciation
-1.66%
Original Mortgage
$1,098,750
Outstanding Balance
$958,301
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$359,651

Purchase Details

Closed on
Feb 3, 2014
Sold by
Meza Alfredo and Meza Jeanine
Bought by
Perry Christopher R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2003
Sold by
Meza Marilyn
Bought by
Meza Alfredo and Meza Jeaninie

Purchase Details

Closed on
Feb 27, 1998
Sold by
Meza Alfredo
Bought by
Meza Marilyn

Purchase Details

Closed on
Sep 27, 1995
Sold by
Meza Alfredo
Bought by
Meza Alfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.6%
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
Cole Dara $1,465,000 --
Cole Dara $1,465,000 --
Cole Dara $1,465,000 --
Perry Christopher R $560,000 --
Perry Christopher R $560,000 --
Meza Alfredo -- --
Meza Alfredo -- --
Meza Marilyn -- --
Meza Marilyn -- --
Meza Alfredo $140,000 Commonwealth Land Title Ins
Meza Alfredo -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cole Dara $1,098,750
Closed Cole Dara $1,098,750
Previous Owner Perry Christopher R $448,000
Previous Owner Meza Alfredo $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2019 10/04/19 Sold $1,465,000 -2.0% --
09/04/2019 09/04/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $1,495,000 -- --
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 $10,786 $81,300 $14,820 $66,480
2024 $10,786 $64,200 $14,820 $49,380
2023 $10,289 $71,640 $14,820 $56,820
2022 $9,542 $78,480 $14,820 $63,660
2021 $9,651 $86,040 $14,820 $71,220
2020 $4,798 $74,040 $14,820 $59,220
2019 $9,239 $74,040 $14,820 $59,220
2018 $8,619 $43,742 $12,681 $31,061
2017 $5,568 $28,782 $13,777 $15,005
2016 $5,121 $27,169 $14,590 $12,579
2015 $3,275 $27,169 $13,325 $13,844
2014 $3,275 $26,922 $15,855 $11,067
Source: Public Records

Agents Affiliated with this Home

  • Jeff Gardner

    Seller's Agent in 2019

    Jeff Gardner

    Corcoran Group

    (917) 833-0563

    5 in this area

    48 Total Sales

    Jeff Gardner
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10563397

Real Estate Board of New York (REBNY)

APN: 05087-0080

New York Kings County Brooklyn 11226 Flatbush

137 Martense St, Brooklyn, NY

Not Listed for Sale

Detached

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