NOT LISTED FOR SALE

Estimated Value: $1,355,268 - $1,861,000

5 Beds
2.5 Baths
2,125 Sq Ft
$711/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $1,220,000 $574 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $8,175/month

71 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • 4-minute walk to Jackie Robinson Park Playground
  • Terrace
  • Building Terrace

About This Home

As of August 2021

Welcome home to 254 Bainbridge! This 2 family home (17x56 on a 17x95 lot) - rare as each unit with its own private outdoor space - is in the perfect location in Bed Stuy just off the Utica express stop on the A/C. The garden level unit offers private backyard, pergola and hot tub, accompanying a huge primary bedroom + interior room for home office, nursery, work out room etc and is duplexed with standing height finished basement and laundry. The second unit up the stoop is a 3 bedroom (the 3rd bedroom is more of a home office but it does have a closet) with full bath duplexed over a living room, dining area, kitchen with half bath, washer dryer in unit and a 2nd floor private terrace. Owners took thoughtful care in maintaining the structure of the building so you are buying excellent bones. 254 Bainbridge is delivered vacant but has generated excellent rental income over the years due to it's spaciousness, multiple outdoor spaces and great location. Please note total square footage is inclusive of the 440 square feet of the finished basement. FAR of 2.0 grants you 3,167 of buildable square footage on 60% lot coverage. As built is ~ 1700 sf, leaving you with an additional 1,467 buildable square feet. All information must be verified by buyers own architect. Welcome home to 254 Bainbridge! Welcome home to 254 Bainbridge!

Last Agent to Sell the Property

Alessandra Delacruz

Compass License #10401248939 Listed on: 06/08/2021

Compass

Co-Listed By

Colin Turek

Compass License #10301219620

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 1,612

Home Design

  • Pre War Building

Interior Spaces

  • 2,125 Sq Ft Home
  • 2-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • Terrace
  • Lot Dimensions are 16.0 x 95.0

Community Details

  • Stuyvesant Heights Subdivision
  • Building Terrace

Listing and Financial Details

  • Legal Lot and Block 33 / 1687

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Malcolm X Boulevard/Patchen Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Stuyvesant Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 2125.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 5

Exterior Features

  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 16.0 x 95.0

Building Info

  • Total Stories: 2
  • Year Built: 1899

Tax Info

  • Tax Block: 1687
  • Tax Lot: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Aug 19, 2021
Sold by
Meeks Andrew
Bought by
Allen Lane Llc
Seller's Agent
Alessandra Delacruz
Compass
List Price
$1,220,000
Sold Price
$1,220,000
Current Estimated Value
$1,510,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,817
Avg. Annual Appreciation
5.03%
Original Mortgage
$854,000
Outstanding Balance
$775,381
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$735,436

Purchase Details

Closed on
Jul 19, 2013
Sold by
Mandy Property Corp
Bought by
Meeks Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2011
Sold by
Brown Theresa
Bought by
Mandy Property Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2009
Sold by
Theresa Brown Administrator
Bought by
Brown Theresa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Allen Lane Llc $1,220,000 --
Meeks Andrew $650,000 --
Mandy Property Corp $170,000 --
Brown Theresa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Lane Llc $854,000
Previous Owner Meeks Andrew $480,000
Previous Owner Mandy Property Corp $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2021 08/19/21 Sold $1,220,000 0.0% $574 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $1,220,000 -- $574 / 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 $3,102 $80,340 $12,960 $67,380
2024 $3,102 $80,820 $12,960 $67,860
2023 $2,977 $83,940 $12,960 $70,980
2022 $2,776 $78,540 $12,960 $65,580
2021 $2,776 $70,080 $12,960 $57,120
2020 $1,380 $84,960 $12,960 $72,000
2019 $2,693 $80,280 $12,960 $67,320
2018 $2,490 $12,213 $2,152 $10,061
2017 $2,362 $11,587 $2,665 $8,922
2016 $2,197 $10,992 $2,732 $8,260
2015 $1,223 $10,992 $3,822 $7,170
2014 $1,223 $10,026 $5,795 $4,231
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10827044

Real Estate Board of New York (REBNY)

APN: 01687-0033