NOT LISTED FOR SALE

Estimated Value: $1,919,000 - $2,184,000

3 Beds
2 Baths
1,858 Sq Ft
$1,403/mo HOA Fee

Last Sold August 30, 2023

Last sale price $1,800,000 $969 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $12,323/month

28 Days on Market

Highlights

  • Terrace
  • 2-minute walk to 7 Avenue (B,Q Line)
  • New Windows
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • Community Garden
  • Intercom

About This Home

As of August 2023

Enjoy the space and style of townhome living with the simplicity and flexibility of a condo! Deeded PARKING available! Inquire for details.

Half a block from the B/Q on a tree-lined street is a massive modern floor-through duplex with a private southern facing terrace and patio. Currently laid out as two large bedrooms with a home office and den (complete with wet bar), the flexibility and size of the home allows for up to 4 usable bedrooms and offices with an additional media room/den. Do note: per the offering plan it is a legal two bedroom.

When you walk into the top floor you are greeted by a large and open great room with plenty of room for dining, living, and entertaining. Walking towards the back there is a two-sided gourmet kitchen with marble countertops, a windowed Sub-Zero fridge and new GE dishwasher with homey open shelving. Across the hall is a full bath with a walk-in shower. On the back end of the upper floor is a sunny, oversized bedroom that can be easily split into two rooms while still providing access to a 200' terrace.

Going downstairs puts you between the den with a built-in wet bar and another area that works well as a media room and/or office. Beyond that lies the primary suite with an oversized hallway which is primed for someone looking to build out a custom wall of closets and is currently a dressing area and second office. Off the hallway there is a washer/dryer, a 4 piece bathroom with steam shower and clawfoot tub, and a spacious walk-in closet. While this 2nd generous bedroom is on the ground floor, the wall of southern windows brings in good light and there is walkout access to the 250' private patio.

This home has been lovingly updated both aesthetically and with modern conveniences like Lutron Caseta smart lighting, Nest smoke/carbon monoxide detectors, and WiFi-controlled PTAC units for ultimate temperature control and efficiency.

222 Park Place is a pet friendly, boutique elevator condominium in prime Prospect Heights and adjacent to Prospect Park, Brooklyn Library, and the Brooklyn Museum. Transportation is abundant with the nearby B/Q and 2/3 trains. Amazing restaurants abound on Vanderbilt, Flatbush, and scattered through the neighborhoods. Brooklyn's premier Green Market gathers year-round at nearby Grand Army Plaza. This building is pet friendly and enjoys a tax abatement through 2030. The building recently redid its lobby and common hallways and is planning to upgrade to a ButterflyMX intercom system in the near future.

Last Agent to Sell the Property

Grant Braswell

Compass License #10301213920 Listed on: 06/06/2023

Compass

Co-Listed By

Sahar Aubon

Compass License #10401315069

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $88

Year Built

  • Built in 2004

HOA Fees

  • $1,403 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,858 Sq Ft Home
  • 4-Story Property
  • New Windows
  • Intercom

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Terrace

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7502 / 1164

Community Details

Overview

  • Prospect Heights Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Condominium

Est. Annual Taxes

$88

Year Built

Built in 2004

Lot Details

0

HOA Fees

$1,403 per month

Listing Details

  • Cross Street: Vanderbilt Avenue/Carlton Avenue
  • Exposures: East,North,South
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Dining Area
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area: 1858.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1403.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 4
  • Year Built: 2004

Tax Info

  • Tax Block: 1164
  • Tax Lot: 7502
  • Tax Annual: 84.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Aug 30, 2023
Sold by
Irace Bryan G and Irace Tracy Lynn
Bought by
Hanessian Aram and Kessler Rachael
Seller's Agent
Grant Braswell
Compass
List Price
$1,735,000
Sold Price
$1,800,000
Premium/Discount to List
$65,000
3.75%
Views
381
Current Estimated Value
$2,058,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,421
Avg. Annual Appreciation
6.50%
Original Mortgage
$1,000,000
Outstanding Balance
$978,188
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,080,233

Purchase Details

Closed on
Feb 12, 2016
Sold by
Fritz Peter
Bought by
Dalick Irace Tracy Lynn and Irace Bryan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,022,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2010
Sold by
Yip Pui Fong
Bought by
Fritz Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,750
Interest Rate
4.69%

Purchase Details

Closed on
Dec 20, 2005
Sold by
Hack Damon
Bought by
Hack Damon and Yip Pui F

Purchase Details

Closed on
Apr 13, 2005
Sold by
222-224 Park Place Realty Llc
Bought by
Hack Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,800
Interest Rate
5.95%
Source: Public Records

Range of Values:

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Average Value
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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
Hanessian Aram $1,800,000 --
Hanessian Aram $1,800,000 --
Dalick Irace Tracy Lynn $1,525,000 --
Dalick Irace Tracy Lynn $1,525,000 --
Fritz Peter $837,500 --
Hack Damon -- --
Hack Damon -- --
Hack Damon $782,016 --
Hack Damon $782,016 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanessian Aram $1,000,000
Closed Hanessian Aram $1,000,000
Previous Owner Dalick Irace Tracy Lynn $1,022,000
Previous Owner Fritz Peter $418,750
Previous Owner Hack Damon $76,800
Previous Owner Hack Damon $559,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2023 08/30/23 Sold $1,800,000 +3.7% $969 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $1,735,000 -- $934 / 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 $88 $202,784 $23,264 $179,520
2024 $88 $211,466 $23,264 $188,202
2023 $86 $202,917 $23,264 $179,653
2022 $86 $196,307 $23,264 $173,043
2021 $86 $178,280 $23,264 $155,016
2020 $42 $197,016 $23,264 $173,752
2019 $89 $190,903 $23,264 $167,639
2018 $89 $168,934 $23,264 $145,670
2017 $89 $158,525 $23,264 $135,261
2016 $91 $149,400 $23,263 $126,137
2015 $71 $116,845 $23,264 $93,581
2014 $71 $112,106 $23,263 $88,843
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10886393

Real Estate Board of New York (REBNY)

APN: 01164-1103