NOT LISTED FOR SALE
4 Beds
2.5 Baths
-- Sq Ft
1899 Built

Highlights

  • Rooftop Deck
  • 3 Fireplaces
  • No HOA
  • City View
  • Terrace

About This Home

As of January 2024

242 Gates Avenue #2 is an immaculately renovated four-floor apartment that blends modern convenience, stunning original detail, and an incredible interplay of light, texture, and design sensibility.

The historic details throughout the house are breathtaking with original plaster scrollwork and crown molding, exposed brickwork, joists, and original floors, restored original shutters, fireplace mantels, and mahogany railings. The elegant renovated bathrooms continue the blend of old and new and the kitchen is designed to gather and cook in, with ample counter and storage space, sunny corners, views, and easy access to the third-floor terrace.

Entering at the top of the stoop you'll find a welcoming foyer with original pier mirror, parlor doors and moldings, a brand new half bath, and a flexible front parlor, ideal for either additional living space or a bedroom.

Heading up the stairs to the main entertaining floor of the home, the third floor living space was opened up to provide a seamless flow through the living room, dining room, kitchen, and deck. The kitchen is a chef's dream with Wolf and Subzero appliances, Carrera marble counters, exposed brick, and a working wood-burning fireplace at counter height. The living room overlooks tree-lined Gates Avenue and the front garden, and has its own wood-burning fireplace.

Upstairs, past the lightwell that bathes the space in natural light, are two more bedrooms - one of which features a wood-burning fireplace. Also on this floor is a large, updated bathroom, complete with a double vanity, stall shower, and separate soaking tub. The fifth floor is home to the final bedroom, another full bathroom, in-unit laundry, and access to both the terrace and roof deck, which includes stadium seating. The roof boasts breathtaking 360 degrees views of Manhattan, Downtown Brooklyn, Williamsburg and The Brooklyn Museum of Art.

Situated in Clinton Hill and within walking distance to Fort Greene, Prospect Heights and Bed Stuy, this home is near to the A, C, S, and G trains, and all of the fabulous restaurants and nightlife that have made Clinton Hill one of the fastest-growing neighborhoods in Brooklyn.

Last Agent to Rent the Property

Jordan Crystal

Brown Harris Stevens Residential Sales LLC License #10401352507 Listed on: 01/05/2024

Brown Harris Stevens Residential Sales LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,403

Year Built

  • 1899

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1-Story Property
  • 3 Fireplaces
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Additional Features

  • Terrace
  • No Cooling

Listing and Financial Details

  • Property Available on 1/5/24
  • Legal Lot and Block 0029 / 01985

Community Details

Overview

  • No Home Owners Association
  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,403

Year Built

1899

Lot Details

0

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished
  • Available Date: 2024-01-05

Listing Details

  • Property SubType: Triplex
  • Property Type: Residential Lease
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Walk-Up
  • Entry Level: 3
  • Unit Levels: Tri-Level
  • Pets No Pets Comments: yes,
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built (Public Record): 1899

Interior Features

  • Interior Features: Smoke Free
  • Fireplace Features: Other
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 4

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Total Stories: 1

Tax Info

  • Tax Block: 01985
  • Tax Lot: 0029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Dec 27, 2023
Sold by
242 Gates Llc
Bought by
Knopov Dmitry and Knopov Garry
Seller's Agent
Jordan Crystal
Brown Harris Stevens Residential Sales LLC
Sold Price
$10,300
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,437,500
Outstanding Balance
$2,394,819
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2014
Sold by
Fernald Eli James Aubrey
Bought by
242 Gates Llc

Purchase Details

Closed on
Apr 19, 2007
Sold by
Blount Barbara
Bought by
Fernald Eli James Aubrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,200
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
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
Knopov Dmitry $3,250,000 --
242 Gates Llc $2,970,000 --
242 Gates Llc $2,970,000 --
Fernald Eli James Aubrey $749,000 --
Fernald Eli James Aubrey $749,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knopov Dmitry $2,437,500
Previous Owner Fernald Eli James Aubrey $74,900
Previous Owner Fernald Eli James Aubrey $599,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2024 01/18/24 Rented $10,300 0.0% --
01/17/2024 01/17/24 Under Contract -- -- --
01/17/2024 01/17/24 Price Changed $10,300 +3.1% --
01/05/2024 01/05/24 For Rent $9,995 -- --
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 $4,403 $137,460 $13,320 $124,140
2024 $4,403 $133,740 $13,320 $120,420
2023 $4,410 $145,320 $13,320 $132,000
2022 $4,091 $118,920 $13,320 $105,600
2021 $4,072 $110,580 $13,320 $97,260
2020 $944 $111,900 $13,320 $98,580
2019 $3,822 $105,300 $13,320 $91,980
2018 $3,688 $18,093 $2,385 $15,708
2017 $3,481 $17,076 $2,404 $14,672
2016 $3,223 $16,123 $3,064 $13,059
2015 $1,943 $15,225 $2,943 $12,282
2014 $1,943 $15,225 $3,426 $11,799
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10929264

Real Estate Board of New York (REBNY)

APN: 01985-0029