NOT LISTED FOR SALE

Estimated Value: $1,087,000 - $1,278,448

7 Beds
3.5 Baths
3,150 Sq Ft
$387/Sq Ft Est. Value

Last Sold July 18, 2024

Last sale price $1,250,000 $397 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,928/month

188 Days on Market

Highlights

  • Wood Flooring
  • 1-minute walk to Seneca Avenue
  • Terrace
  • 1 Fireplace
  • Private Yard
  • No HOA

About This Home

As of July 2024

3/16 12:00-1:00 PM Open House By Appointment Only!

Welcome to 1726 Gates Ave, this income generating opportunity features dual rental units in a highly sought-after neighborhood on the Ridgewood-Bushwick border.

Property Highlights:
- Two-family Townhouse
- Brand new boiler
- Roof is just 18 months old
- Two private outdoor spaces
- Finished basement
- Desirable Location

This spacious two-family townhouse offers 3,150 sqft of versatile living space. The main duplex unit is a true gem, featuring five well-appointed bedrooms, two and a half bathrooms, a fully equipped kitchen with ample space for a dining table, and a comfortable living room. In addition, this unit presents an exquisite private deck and a charming back patio, perfect for outdoor enjoyment.

The second-floor unit offers two cozy bedrooms, a pristine full bathroom, a well-appointed kitchen with room for dining, a welcoming living room, a convenient hall closet, and a private terrace, providing a delightful retreat for its residents

Positioned just 3 blocks from the L train on Myrtle & Wyckoff and a mere block from the M train on Seneca Ave, this property enjoys a strategically advantageous location with convenient access to public transportation. It offers the best of both Brooklyn and Queens living, adjacent to Bushwick and only minutes from the vibrant streets of Williamsburg. This is a highly desirable location for both residents and investors.

Take advantage of the income-generating potential of this property with two separate units:
Duplex Unit: 5 BD/2.5 BA - current monthly rent of $4,500
2nd Floor Unit: 2 BD/1 BA - current monthly rent of $2,500 (projected rent $3,000)

Don't let this remarkable opportunity pass you by. Secure your foothold in this flourishing neighborhood today.

*Please note that the interior square footage includes the basement level.

Last Agent to Sell the Property

Joshua Golan

Compass License #10301215797 Listed on: 10/25/2023

Compass

Co-Listed By

Adam Sadel

Compass License #10301214188

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,328

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 25.000000x100.000000
  • Private Yard
  • Garden

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,150 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms

Outdoor Features

  • Balcony
  • Terrace

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 24 / 03453

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Ridgewood Subdivision

Amenities

  • Laundry Facilities

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,328

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Ridgewood
  • Entry Level: 1
  • Structure Type: Multi Family, Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dishwasher, Gas Cooktop, Gas Oven, Stainless Steel Appliance(s)
  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 3150.0
  • Living Area Units: Square Feet
  • Rooms (Total): 12
  • Basement: Yes
  • Basement: Full

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 7

Exterior Features

  • Exterior Features: Balcony, Garden, Private Yard
  • Patio/Porch Features: Terrace, Balcony

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Common On Floor, Common Area
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 25.000000x100.000000

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1920

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 03453
  • Tax Lot: 24
  • Tax Annual: 5328.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Jul 16, 2024
Sold by
Going Gates Llc
Bought by
Kim Kathy and Murtaugh Colin
Seller's Agent
Joshua Golan
Compass
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
182
Current Estimated Value
$1,219,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,138
Avg. Annual Appreciation
-1.95%
Original Mortgage
$990,000
Outstanding Balance
$978,175
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$241,687

Purchase Details

Closed on
May 29, 2015
Sold by
Morse Jonathan D
Bought by
Going Gates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2015
Sold by
Rohena Mariana and Valentin Mariana
Bought by
Morse Jonathan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 1994
Sold by
Valentin Mariana
Bought by
Valentin Ricardo and Valentin Mariana
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
Kim Kathy $1,250,000 --
Kim Kathy $1,250,000 --
Going Gates Llc -- --
Going Gates Llc -- --
Morse Jonathan D $800,000 --
Morse Jonathan D $800,000 --
Valentin Ricardo -- Lawyers Title Insurance Corp
Valentin Ricardo -- Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Kathy $990,000
Previous Owner Morse Jonathan D $533,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2024 07/18/24 Sold $1,250,000 0.0% $397 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
12/01/2023 12/01/23 Price Changed $1,250,000 -7.4% $397 / Sq Ft
10/26/2023 10/26/23 For Sale $1,350,000 -- $429 / 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 $5,526 $29,129 $10,900 $18,229
2024 $5,526 $27,515 $10,668 $16,847
2023 $5,267 $26,225 $10,277 $15,948
2022 $4,978 $46,620 $17,400 $29,220
2021 $5,248 $44,280 $17,400 $26,880
2020 $5,138 $45,180 $17,400 $27,780
2019 $4,797 $48,120 $17,400 $30,720
2018 $4,455 $21,854 $6,756 $15,098
2017 $4,236 $20,780 $7,467 $13,313
2016 $3,844 $20,780 $7,467 $13,313
2015 $2,145 $20,228 $8,802 $11,426
2014 $2,145 $19,108 $9,517 $9,591
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10990695

Real Estate Board of New York (REBNY)

APN: 03453-0024