NOT LISTED FOR SALE

221 Franklin Ave Unit 3L Brooklyn, NY 11205

Bed-Stuy Neighborhood

Estimated Value: $2,968,000

2 Beds
1 Bath
-- Sq Ft
3,006 Sq Ft Lot

About This Home

As of August 2021

MUST SEE!!!

This fantastic through floor 2BR is huge, rent stabilized, and fully renovated! The apartment boasts spacious bedrooms, pass through kitchen and ample closet space. All for under $2400/month in one of the best neighborhoods in all of Brooklyn!

PLEASE NOTE: there IS a BROKER'S FEE for this apartment. There is no OP.

Please EMAIL US (dont text or call) and we'll schedule you a viewing!

Last Agent to Rent the Property

Steven Merkel

Bond New York Properties LLC License #10401330572 Listed on: 08/09/2021

Bond New York Properties LLC

Co-Listed By

Walter Steffen

Bond New York Properties LLC License #40ST0986740

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $24,361

Year Built

  • 2018

Lot Details

  • 3,006

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Community Details

  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Property Available on 8/9/21

Property Details

Home Type

Apartment

Est. Annual Taxes

$24,361

Year Built

2018

Lot Details

0

Rental Info

  • Available Date: 2021-08-09

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Bedford - Stuyvesant
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built (Public Record): 2018

Interior Features

  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Building Info

  • New Construction: No
  • Total Stories: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2020
Sold by
221 Franklin Ave Llc
Bought by
Adler Joel and Kraus Harry
Current Estimated Value
$2,968,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$371,597
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$2,596,403

Purchase Details

Closed on
Jan 9, 2019
Sold by
Waldman Chanie and Waldman Moses
Bought by
221 Franklin Ave Llc

Purchase Details

Closed on
May 27, 2014
Sold by
Vyl Llc
Bought by
Waldman Chanie and Waldman Moses

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2014
Sold by
Freund-Member Avigdor
Bought by
Freund-Member Avigdor and Vyl Llc

Purchase Details

Closed on
Nov 22, 2013
Sold by
Vyl Realty Llc
Bought by
Freund-Member Avigdor and Rivka Friedman-Member

Purchase Details

Closed on
Oct 23, 2009
Sold by
Freund Avigdor
Bought by
Vyl Realty Llc

Purchase Details

Closed on
Jul 22, 2004
Sold by
Wilkinson Earline A
Bought by
Freund Avigdor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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
Adler Joel -- --
221 Franklin Ave Llc $980,000 --
Waldman Chanie $625,000 --
Freund-Member Avigdor -- --
Freund-Member Avigdor -- --
Vyl Realty Llc $34,732 --
Freund Avigdor $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adler Joel $420,000
Previous Owner Waldman Chanie $500,000
Previous Owner Freund Avigdor $344,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2021 08/17/21 For Rent $2,350 -- --
08/17/2021 08/17/21 Rented -- -- --
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 $24,361 $358,920 $72,000 $286,920
2024 $24,361 $283,500 $72,000 $211,500
2023 $24,633 $263,220 $72,000 $191,220
2022 $23,138 $215,460 $72,000 $143,460
2021 $23,011 $166,350 $72,000 $94,350
2020 $8,929 $147,480 $72,000 $75,480
2019 $1,948 $72,000 $72,000 $0
2018 $1,791 $8,785 $8,785 $0
2017 $1,689 $8,288 $4,238 $4,050
2016 $1,573 $7,870 $4,157 $3,713
2015 $943 $7,862 $3,943 $3,919
2014 $943 $7,716 $4,641 $3,075
Source: Public Records

Agents Affiliated with this Home

  • Steven Merkel

    Landlord's Agent in 2021

    Steven Merkel

    Bond New York Properties LLC

    (646) 662-7413

    Steven Merkel
    Section Image
  • Walter Steffen

    Landlord's Co-Listing Agent in 2021

    Walter Steffen

    Bond New York Properties LLC

    (646) 236-8244

    Walter Steffen
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10737434

Real Estate Board of New York (REBNY)

APN: 01927-0018

New York Kings County Brooklyn 11205 Bed-Stuy

221 Franklin Ave Unit 3L, Brooklyn, NY

This home is located at 221 Franklin Ave Unit 3L, Brooklyn, NY 11205 since 09 August 2021 and is currently priced at $2,968,000. This property was built in 2018. 221 Franklin Ave Unit 3L is a home located in Kings County with nearby schools including P.S. 54 - Samuel C. Barnes, Community Partnership Charter School - Elementary School, and Bnos Square of Williamsburg.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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