NOT LISTED FOR SALE

Estimated Value: $1,159,452 - $1,342,000

5 Beds
3.5 Baths
2,760 Sq Ft
$461/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $1,200,000 $435 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,071/month

129 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Knickerbocker Avenue (M Line)
  • Building Patio
  • PS 376 Felisa Rincon de Gautier School of Technology Rated A-
  • Terrace
  • Patio

About This Home

As of June 2021

RARE OFFERING IN BUSHWICK. A true brick 20' wide 2 family in prime Bushwick is ready for it's next owner. Currently set up as 3 floor through apartments, with private entrances to each unit, this house will make for a great investment property or live in it while generating enough income to cover your expenses. Set on a 20x100 lot, the house has both a 260sqft front yard plus an 840sqft backyard. There is also a nice 228sqft terrace off the top floor apartment, so every unit has it's own private outdoor space. Ceiling heights throughout are 9.5' which makes each level feel loft-like.

The brick facade was carefully restored and the house contains prewar details throughout including original tin ceilings, crown moldings and wood banister staircase. Decorative fireplaces are located throughout which can be opened back up to become working fireplaces. Enter through the upper stoop into the common foyer and hallway which leads to 2 of the upper level apartments. Each unit contains a renovated kitchen, a full bath and 2 bedrooms plus home office space. Access the private backyard through the second level apartment, that includes a sunroom and a deck. The upper apartment has a large private terrace and 2 bedrooms plus home office. On the ground level which is fully finished, you will find an extra large washer and dryer, half bath and a 3rd living level which can be used as a 1 bedroom apartment.

174 Stanhope is located in prime Bushwick, steps from the M at Knickerbocker and minutes from the L at Dekalb. Easy access to retailers along Knickerbocker, and all the trendy eateries around Jefferson including Roberta's and Faro. Also a short walk to Maria Hernandez Park. Zoning of R6 with FAR of 2.43, with an additional 3,000sqft of buildable. Do not miss this opportunity!

Last Agent to Sell the Property

Jennifer Lee

Serhant License #10301215018 Listed on: 11/23/2020

Serhant

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,324

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 20.0 x 100.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 2,760 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Patio
  • Terrace

Listing and Financial Details

  • Legal Lot and Block 21 / 3268

Community Details

Overview

  • Bushwick Subdivision

Amenities

  • Building Patio
  • Building Terrace
  • Courtyard

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,324

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: Wilson Avenue/Knickerbocker Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 2760.0
  • Living Area Units: Square Feet
  • Rooms (Total): 11

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Building Courtyard, Garden
  • Patio/Porch Features: Building Patio, Building Terrace, Patio, Terrace

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 2
  • Year Built: 1930

Tax Info

  • Tax Block: 3268
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2020
Closed on
Jun 1, 2021
Sold by
Friedrichs Martin
Bought by
Power John S and Power Theresa M
Seller's Agent
Jennifer Lee
Serhant
List Price
$1,200,000
Sold Price
$1,200,000
Total Days on Market
129
Current Estimated Value
$1,272,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,113
Avg. Annual Appreciation
1.38%
Original Mortgage
$950,000
Outstanding Balance
$861,978
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$410,135

Purchase Details

Closed on
Jun 30, 2016
Sold by
Roman Carmen
Bought by
Friedrichs Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$799,755
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 1989
Sold by
Latimer Elisa
Bought by
Roman Carmen and Roman Felix
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
Power John S $1,200,000 --
Friedrichs Martin $982,500 --
Roman Carmen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Power John S $950,000
Previous Owner Friedrichs Martin $799,755
Previous Owner Roman Carmen $468,000
Previous Owner Roman Carmen $1,438
Previous Owner Roman Carmen $168,130
Previous Owner Roman Carmen $265,000
Previous Owner Roman Felix $182,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $1,200,000 0.0% $435 / Sq Ft
11/23/2020 11/23/20 For Sale $1,200,000 -- $435 / 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 $2,324 $60,180 $13,740 $46,440
2024 $2,324 $70,800 $13,740 $57,060
2023 $2,219 $62,580 $13,740 $48,840
2022 $2,060 $66,780 $13,740 $53,040
2021 $2,050 $51,540 $13,740 $37,800
2020 $1,538 $62,460 $13,740 $48,720
2019 $2,017 $59,100 $13,740 $45,360
2018 $1,856 $9,105 $2,018 $7,087
2017 $1,453 $8,598 $2,232 $6,366
2016 $1,313 $8,118 $2,847 $5,271
2015 $759 $8,109 $2,661 $5,448
2014 $759 $8,036 $2,660 $5,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10684327

Real Estate Board of New York (REBNY)

APN: 03268-0021