NOT LISTED FOR SALE

Estimated Value: $2,118,000 - $4,070,000

6 Beds
4.5 Baths
2,912 Sq Ft
$987/Sq Ft Est. Value

Last Sold December 28, 2023

Last sale price $3,250,000 $1,116 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $15,436/month

23 Days on Market

Highlights

  • Rooftop Deck
  • Terrace
  • Central Air
  • Fireplace in Kitchen

About This Home

As of December 2023

242 Gates Avenue is an immaculately renovated two family townhouse that blends modern convenience, stunning original detail, and an incredible interplay of light, texture, and design sensibility.

The home is currently configured as a lower garden duplex and an upper triplex, comprising 5 bedrooms and 4.5 bathrooms, and can easily convert to a single family if desired. Spread out over five stories of thoughtfully designed living space, the residence was painstakingly renovated over many years and offers a unique two story lightwell, five wood-burning fireplaces, three terraces, an outdoor shower, landscaped front and rear gardens, and a rooftop terrace, including stadium seating, with 360 degrees views of Manhattan, Downtown Brooklyn, Williamsburg and The Brooklyn Museum of Art.

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 kitchens are designed to gather and cook in, with ample counter and storage space, sunny corners, views, and easy access to the garden and third-floor terrace.

Entering the owner's triplex 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 currently used as a cozy media room. Heading up the stairs to the main entertaining floor of the home, the 3rd 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.

The entire home offers a cozy and inviting vibe and the two story lightwell bathes these spaces in ample natural light. With new HVAC, hot water heaters, and Nest thermostats throughout, the home has been outfitted for every convenience.

The garden duplex has been masterfully designed with an open layout on the living level. A unique blend of original and modern finishes frame the space. The full kitchen is complete with open shelving and expansive stone countertops. The dining room in the rear of the home is lit with a skylight and provides access to a gracious backyard.

The grand primary suite of the garden duplex is located on the second level of the home and benefits from high ceilings, a Venetian plaster fireplace, and a sundrenched study/seating room that leads to your very own private terrace overlooking the lush garden below. The primary bathroom is a mix of modern elegance and old school charm creating a timeless oasis. Enjoy the modern luxury of a stand-up glass shower with beautiful white subway tiling, or indulge in the separate soaking tub. This home also features radiant heating in the floors, central AC, a Bosch washer and dryer, and additional storage in the basement.

The property boasts a plethora of upgrades, including soundproofing between units, a new roof, revamped HVAC, new plumbing, heating, new electric, and Pella architect-series wood windows and doors throughout. Each unit is individually metered with separate hot water heaters. Additional features include a bike and trash shed that fits up to 4 bikes out front, as well as a package holder for added convenience.

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. Don't miss out on this incredible opportunity to own a piece of history and luxury living in the heart of Brooklyn.

Last Agent to Sell the Property

Jordan Crystal

Brown Harris Stevens Residential Sales LLC License #10401352507 Listed on: 10/10/2023

Brown Harris Stevens Residential Sales LLC

Co-Listed By

Warner Lewis

Brown Harris Stevens Residential Sales LLC License #30LE1035095

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,356

Year Built

  • Built in 1899

Lot Details

  • 1,840 Sq Ft Lot
  • Lot Dimensions are 115.00x16.00

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3-Story Property
  • 5 Fireplaces
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Additional Features

  • Terrace
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 0029 / 1985

Community Details

Overview

  • 2 Units
  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,356

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • Architectural Style: Walk-Up
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Kitchen
  • Fireplaces: 5
  • Fireplace: Yes
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 6

Exterior Features

  • View: Other
  • View: No
  • 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: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1840.0
  • Lot Size Dimensions: 115.00x16.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1985
  • Tax Lot: 0029
  • Tax Annual: 4356.0

Multi Family

  • Building Area Units: Square Feet

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
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
List Price
$3,495,000
Sold Price
$3,250,000
Premium/Discount to List
-$245,000
-7.01%
Views
55
Current Estimated Value
$2,896,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$354,000
Avg. Annual Appreciation
-5.76%
Original Mortgage
$2,437,500
Outstanding Balance
$2,392,649
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$480,351

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Knopov Dmitry $3,250,000 --
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
Closed 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
12/28/2023 12/28/23 Sold $3,250,000 0.0% $1,116 / Sq Ft
12/28/2023 12/28/23 Price Changed $3,250,000 -7.0% $1,116 / Sq Ft
11/03/2023 11/03/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $3,495,000 -- $1,200 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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: RLS10987661

Real Estate Board of New York (REBNY)

APN: 01985-0029