$560,000
SOLD FEB 22, 2017

244 Franklin Ave Unit 2A Clinthl, NY 11205

Bed-Stuy Neighborhood
1 Bed
1 Bath
644 Sq Ft
$491/mo HOA Fee

Recently Sold

$870 Per Sq Ft

8% Below List Price

352 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Classon Avenue
  • 2-minute walk to Lafayette Gardens Playground

About This Home

As of May 2021

The next level of luxury living has landed in Brooklyn. 244 Franklin Ave is a 12 unit condo building located on the border of Bed-Stuy and Clinton Hill. This 6-story elevator building offers 1Br and studio apartments that are spacious, sunny, and modern. You'll enjoy cooking for friends and loved ones in your sleek open kitchen featuring a vented island cooktop, stainless steel Bosch and GE appliances, built in shelving, and Caesarstone countertops. These modern apartments are appointed with ductless heating and cooling appliances to ensure efficient and responsible consumption in this sustainable building. Elevator access to the large common roof top as well as bike storage in the basement.

2A is an eastern-facing 1 bed, 1 bath with morning light and access to the common rooftop via the elevator.

244 Franklin Ave is located 4 blocks from the Classon Ave G train and/or Bedford-Nostrand Ave G train. Living at 244 Franklin Ave means being surrounded with fantastic Clinton Hill and Bed-Stuy destinations such as Black Swan, Dough, Brooklyn Tap House, Speedy Romeo, Beasts of Burbon, and Rustik Tavern. Also nearby is the brand new Key Foods and C-Town Supermarkets. The nearest CitiBike station is 1 block away, and Dekalb Avenue is a straight shot to the best of Fort Greene and Clinton Hill.

This is not an offering. The complete offering terms are in an offering plan available from the Sponsor. Sponsor reserves the right to make changes in accordance with the offering plan.File No.CD150059

Last Agent to Sell the Property

Eric Volpe

Corcoran Group License #10301219675 Listed on: 02/04/2016

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,768

HOA Fees

  • $491 Monthly HOA Fees

Home Design

  • 644 Sq Ft Home
  • Pre War Building
  • Entry on the 99th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • No Cooling

Community Details

  • Clinthl Subdivision
  • 6-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,768

Lot Details

0

HOA Fees

$491 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: CLINTHL
  • Architectural Style: Prewar
  • Entry Level: 99
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Living Area: 644.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 491.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Total Stories: 6

Tax Info

  • Tax Block: 0
  • Tax Annual: 3768.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
May 6, 2021
Sold by
Takigami Asa
Bought by
Bromschwig Scott and Heide Dylan
Seller's Agent
Blair Richardson
Serhant
List Price
$640,000
Sold Price
$549,000
Premium/Discount to List
-$91,000
-14.22%
Current Estimated Value
$710,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,669
Avg. Annual Appreciation
6.44%
Original Mortgage
$468,000
Outstanding Balance
$424,637
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$297,535

Purchase Details

Listed on
Feb 4, 2016
Closed on
Feb 21, 2017
Sold by
244 Franklin Avenue Llc
Bought by
Takigami Asa
Seller's Agent
Eric Volpe
Corcoran Group
List Price
$610,000
Sold Price
$560,000
Premium/Discount to List
-$50,000
-8.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.47%
Original Mortgage
$448,000
Interest Rate
4.12%
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 Type Sale Price Title Company
Deed $520,000 --
Deed $570,220 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $468,000 Purchase Money Mortgage
Previous Owner $448,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 Sold $549,000 -14.2% --
09/17/2020 09/17/20 For Sale $640,000 +14.3% --
02/22/2017 02/22/17 Sold $560,000 -8.2% $870 / Sq Ft
01/23/2017 01/23/17 Pending -- -- --
02/05/2016 02/05/16 For Sale $610,000 -- $947 / 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 $7,581 $80,357 $5,324 $75,033
2024 $7,581 $68,495 $5,324 $63,171
2023 $5,931 $71,139 $5,324 $65,815
2022 $6,021 $69,566 $5,324 $64,242
2021 $6,965 $56,775 $5,324 $51,451
2019 $7,252 $58,311 $5,324 $52,987
2018 $5,317 $42,948 $5,324 $37,624
2017 $5,256 $42,269 $5,324 $36,945
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10092816

Real Estate Board of New York (REBNY)

APN: 01926-1103