NOT LISTED FOR SALE

Estimated Value: $1,472,991 - $1,801,000

Studio
-- Bath
1,360 Sq Ft
$1,204/Sq Ft Est. Value

Last Sold February 05, 2020

Last sale price $1,510,000 $1,110 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,855/month

102 Days on Market

About This Home

As of February 2020

Welcome to 278 Eldert Street, an astonishingly beautiful, barrel-fronted, two family townhouse in the heart of Bushwick. With over 3,500 SF of living space, this home is one of a kind. Featuring a massive three bedroom master duplex over an income producing two bedroom rental unit. Sleek red oak, herringbone floors, tons of natural light from the Southern and Northern exposures, central air and a built in Bluetooth sound system.As soon as you enter the 20' wide parlor level, you will be amazed by the sheer enormity of the living space. The large foyer with its own coat closet separates the outside world from the comforts of your interior life. Discover plenty of room for two seating areas and more room still for dining in this grandiose expanse. Youll have to restrain yourself from attempting a gymnastics routine! The massive, windowed, U-shaped kitchen towards the back offers tons of countertop space and ample amounts of storage. Equipet with a 5-burner Verona gas range, a Sharp microwave drawer, a large Fisher and Paykel refrigerator with French doors, a paneled dishwasher and not one but TWO separate kitchen sinks! Past the kitchen, you'll have access to your private metal terrace, which overlooks the lush, tranquil garden. There is a second closet here, as well as a secluded powder room for maximal convenience.The party continues upstairs. Towards the back, you will find the extraordinary master suite boasting over 250 square feet, which doesn't include four large closets, an en suite bathroom with a gorgeous, stalled soaking tub, room for a king sized bed and additional room for a seating area. As you progress towards the front of the house, youll find another full bathroom at the end of a small corridor of linen closets, an additional closet with a washer and dryer, and two substantially sized bedrooms that face the street.All in all there are a total of 9 closets in the top duplex while the bottom duplex has 3!The smart layout of this two family townhouse allows the owners to keep access to the cellar for their own recreational usage, or if they so wish, to allocate it to the tenants for extra income. All the mechanical systems are brand new and utilities are separated between the 2 units. Brand new roof and boiler as well! The two bedroom rental unit with garden access could easily fetch $2,400/month. Located very near the L train, both at Wilson and Halsey, you can be into Manhattan in 30 minutes! Between Knickerbocker and Wilson Avenues, this section of Bushwick has been home to many new amenities in recent years. Plenty of bars, eateries, cafs and cultural venues have sprung up, a trend that seems to be gaining even further momentum every day. Only one short block from Irving Square Park!The comfort that 278 Eldert Street has to offer goes beyond words. It can only truly be felt by visiting! Call or email to schedule your showing today.

Last Agent to Sell the Property

Daniel Cohen

Corcoran Group License #10401261296 Listed on: 09/25/2019

Corcoran Group

Co-Listed By

Andrew Schwartz

Corcoran Group License #10401306188

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Home Design

  • Pre War Building

Additional Features

  • 3-Story Property
  • Lot Dimensions are 100.0 x 20.0

Community Details

  • 2 Units
  • Bushwick Subdivision

Listing and Financial Details

  • Legal Lot and Block 22 / 3418

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Knickerbocker Avenue & Wilson Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 20.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1910

Tax Info

  • Tax Block: 3418
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2019
Closed on
Feb 5, 2020
Sold by
Flatbush Ny Llc
Bought by
Yeshayahu Ariel Stachel
Seller's Agent
Daniel Cohen
Corcoran Group
List Price
$1,675,000
Sold Price
$1,510,000
Premium/Discount to List
-$165,000
-9.85%
Current Estimated Value
$1,637,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,998
Avg. Annual Appreciation
1.36%
Original Mortgage
$1,120,000
Outstanding Balance
$991,847
Interest Rate
3.72%
Mortgage Type
Unknown
Estimated Equity
$646,151

Purchase Details

Closed on
Apr 11, 2019
Sold by
Small Austin J and Small Elsie L
Bought by
Flatbush Ny Llc
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
Yeshayahu Ariel Stachel $1,510,000 --
Flatbush Ny Llc $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeshayahu Ariel Stachel $1,120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2020 02/05/20 Sold $1,510,000 -9.9% $1,110 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
09/25/2019 09/25/19 For Sale $1,675,000 -- $1,232 / 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 $5,008 $40,980 $10,560 $30,420
2024 $5,008 $33,600 $10,560 $23,040
2023 $4,780 $36,360 $10,560 $25,800
2022 $4,434 $39,120 $10,560 $28,560
2021 $4,410 $35,760 $10,560 $25,200
2020 $2,192 $29,520 $10,560 $18,960
2019 $4,347 $29,520 $10,560 $18,960
2018 $3,999 $19,615 $7,538 $12,077
2017 $3,773 $18,511 $7,082 $11,429
2016 $3,491 $17,464 $8,110 $9,354
2015 $614 $17,464 $10,675 $6,789
2014 $614 $17,317 $11,294 $6,023
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10589607

Real Estate Board of New York (REBNY)

APN: 03418-0022

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