NOT LISTED FOR SALE

Estimated Value: $4,036,000 - $4,967,000

-- Bed
-- Bath
4,624 Sq Ft
$989/Sq Ft Est. Value

Last Sold May 29, 2019

Last sale price $3,400,000 $735 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $25,357/month

73 Days on Market

Highlights

  • Pre War Building
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • 2-minute walk to Grand Army Plaza

About This Home

As of May 2019

Location! Location! Location! On tree-lined Sterling Place, in prime Prospect Heights, just a block away from historic Grand Army Plaza as well as the 2/3 and B/Q subway lines, this handsome four-story brownstone, circa 1899, offers many possibilities. The first brownstone in the row, on the bright South side of the block, this home sits on a deep 131ft x20ft lot built 20 feet by 45 feew with a full width two story extension in the back and with windows on three sides. It is zoned as a four-family house. The owner occupies the parlor floor and the other floors are income-producing rental apartments, but if preferred, the house can be delivered vacant. Beautiful original details throughout, including stained glass windows, mantelpieces, carved doors, a butlers pantry, pocket doors, original window frames and shutters, all in restored condition. Garden level: one bedroom apartment, with original butlers pantry decorative fireplace and a separate studio with its own bathroom, with access to the spacious private garden.Parlor floor beautiful one bedroom apartment with one bath (and also plumbing for a second), soaring 11ft ceilings with a full width extension in the back. Many original details including mahogany pocket doors and framed mirrors and mantelpiece. There is a small deck at the back with stairs leading down to the garden.Third floor: one bedroom, one bathroom apartment with original mantelpiece, dining alcove and walk-in closet. It features a 16ft x 16ft terrace off the bedroom overlooking the garden.Fourth floor: with a similar layout to the third floor, this one bedroom, one bathroom apartment with living/dining alcove, has a cozy working fireplace with original mantelpiece.The house is ideal as an income-producing property or can be converted into condominiums, as the floors are metered separately. It is also convertible into an owner duplex leaving the upper two floors as rental apartments. It is steps-from thriving Vanderbilt Avenue, its shops and restaurants, Prospect Park, Brooklyn Public Library, Brooklyn Museum and Brooklyn Botanic Garden. This unique home offers the buyer a wide range of attractive opportunities as a residence and/or revenue-generating property.

Last Agent to Sell the Property

Gabriella Winter

Corcoran Group License #30WI0740042 Listed on: 02/14/2019

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,004

Year Built

  • Built in 1889

Lot Details

  • 2,614

Home Design

  • Pre War Building

Additional Features

  • 4-Story Property
  • Lot Dimensions are 131.0 x 20.0

Community Details

  • 4 Units
  • Prospect Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 0079 / 1165

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,004

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Cross Street: Vanderbilt Avenue & Underhill Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 131.0 x 20.0

Building Info

  • Units: 4
  • Total Stories: 4
  • Year Built: 1889

Tax Info

  • Tax Block: 1165
  • Tax Lot: 0079

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2019
Closed on
May 29, 2019
Sold by
Nesgos Peter D
Bought by
Forell-Davis Mathew
Seller's Agent
Gabriella Winter
Corcoran Group
List Price
$3,500,000
Sold Price
$3,400,000
Premium/Discount to List
-$100,000
-2.86%
Current Estimated Value
$4,571,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,171,644
Avg. Annual Appreciation
3.36%
Original Mortgage
$2,380,000
Outstanding Balance
$2,101,086
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,085,638
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
Forell-Davis Mathew $3,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forell-Davis Matthew $16,214
Open Forell-Davis Mathew $2,380,000
Closed Forell-Davis Mathew $2,380,000
Previous Owner Nesgos Peter D $234,974
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2019 05/29/19 Sold $3,400,000 -2.9% $735 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
02/14/2019 02/14/19 For Sale $3,500,000 -- $757 / 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 $12,004 $382,260 $56,160 $326,100
2024 $12,004 $381,360 $56,160 $325,200
2023 $11,526 $337,020 $56,160 $280,860
2022 $11,330 $275,820 $56,160 $219,660
2021 $11,311 $212,940 $56,160 $156,780
2020 $8,483 $258,180 $56,160 $202,020
2019 $10,418 $257,580 $56,160 $201,420
2018 $9,641 $47,294 $12,368 $34,926
2017 $9,641 $47,294 $11,486 $35,808
2016 $8,954 $44,788 $12,392 $32,396
2015 $5,381 $43,965 $18,246 $25,719
2014 $5,381 $41,503 $20,672 $20,831
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10527856

Real Estate Board of New York (REBNY)

APN: 01165-0079