NOT LISTED FOR SALE

Estimated Value: $4,364,000 - $5,217,801

6 Beds
3.5 Baths
3,992 Sq Ft
$1,168/Sq Ft Est. Value

Sale Details

Date Sold: December 18, 2020

Last sale price $4,250,000 $1,065 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $26,722 / mo

3836 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Grand Army Plaza
  • Laundry Facilities
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • Intercom
  • Wood Burning Fireplace

About This Home

As of December 2020

In Contract - Multiple offers. Brooklyn is alive and well for prime properties! Luxury. Comfort. Style. All Natural. -286 Park Place- is a Spectacular Contemporary Townhouse. Modern architecture and Classic details combined in a masterfully restored over 4000 sq. ft. home utilizing environmentally friendly considerations in historic landmarked prime Prospect Heights. A home like no other with its' owner's triplex and a two-bedroom garden rental. Move in ready. Converted in 2012 by CWB Architects, every inch of this amazing home is beyond comparison. Enter into the expansive parlor floor and be taken aback by the sunlight drenching down between the glass floors from the overhead skylights. To reduce the carbon footprint, a green roof garden grows over the home's large living room extension and a 4.5 kW PV solar array sits on the main roof. The solar panels provide most of the entire electrical usage for the home. Hydronic radiator heat and highly efficient mini-splits (A/C and heat) provide optimal climatic comfort. Reclaimed wood along with restored vintage parquet floors, original pier mirrors, wood shutters, and glazed tile fireplace adorn the historic parlor floor. The oversized sunroom room extension has a working wood burning fireplace and huge bay windows looking south into the homes beautiful multi-level deep mature garden and al fresco dining areas. The eat in chef's kitchen includes an induction range and stunning modern finishes, with loads of custom cabinetry built alongside retained traditional decor. Enjoy breakfast while sitting in front of a large south-facing nearly floor to ceiling window overlooking the rear garden. The upper floors have a mix of 4+ bedrooms in addition to several convertible den/home office spaces depending on your need for flexible work-at-home space. The Master suite includes an oversized walk-in dressing room, a relaxing oasis spa bathroom with a two-story light shaft illuminating a free standing soaking tub and shower, custom cabinetry with double vanities, dual flush toilet, heated towel bars, and more luxury features. In keeping with the homeowners' desire for natural living, an insulated green roof with native grasses, sedum, cacti and other vegetation provide a stunning bedroom exterior oasis and keeps the rooms below cool in summer and warm in winter. A cozy window seat at the staircase landing offers you a comfortable place to relax, read, and enjoy the views down this historic Prospect Heights block. The other rooms on these upper floors are just as special and well-appointed. There is a laundry room center with full size machines. The entire home is wired with Sonos sound and ADT alarm system, and even additional built-in home theater electronics. This is truly a rare home and will assure the next owner a level of luxury, peace and quality. The two-bedroom/1 bath garden rental apartment has a washer/dryer and many classic features with a separate entry, access to the rear garden, or the ability to combine it easily and aesthetically with the upper triplex. This upscale rental commands top rent in this desired neighborhood. This block is one of the most beautiful, landmarked and convenient blocks in Brownstone Brooklyn. This gorgeous Italianate brownstone is by the Q/B,2/3 subway, entrance to Prospect Park, Brooklyn Museum and Botanic Garden, Barclays Center, Atlantic Terminal, the Underhill playground, and central to Park Slope, Fort Greene, Crown Heights, and Clinton Hill. Vanderbilt Ave., Flatbush Ave., Underhill Ave., and Franklin Ave. offer destination restaurants and Brooklyn shops. Shown by appointment only (Covid forms provided for entry.)

Last Agent to Sell the Property

Peter Gordenstein

Compass License #10301200733 Listed on: 10/13/2020

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 19.0 x 131.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,992 Sq Ft Home
  • 4-Story Property
  • Wood Burning Fireplace
  • Intercom

Bedrooms and Bathrooms

  • 6 Bedrooms

Community Details

  • Prospect Heights Subdivision
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 17 / 1165

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

2,483 Sq Ft Lot

Listing Details

  • Cross Street: Vanderbilt Avenue/Park Place
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Equipment (Other): Intercom
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 3992.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area

Lot Info

  • Lot Size Dimensions: 19.0 x 131.0

Building Info

  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 1165
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Dec 18, 2020
Sold by
Newman David Eric
Bought by
Margolin Joshua and Margolin Raji
Seller's Agent
Peter Gordenstein
Compass
List Price
$4,250,000
Sold Price
$4,250,000
Current Estimated Value
$4,661,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,950
Avg. Annual Appreciation
1.77%
Original Mortgage
$2,762,500
Outstanding Balance
$2,463,835
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,198,115

Purchase Details

Closed on
Jun 22, 2010
Sold by
Priscilla G Dance-Finerson Revocable Trust
Bought by
Newman David Eric

Purchase Details

Closed on
Sep 1, 2009
Sold by
Finerson-Dance Priscilla G
Bought by
Finerson-Dance Trustee Priscilla G and Priscilla G Dance-Finerson Revocable Tr
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
Margolin Joshua $4,250,000 --
Newman David Eric $1,420,000 --
Finerson-Dance Trustee Priscilla G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margolin Joshua $2,762,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $4,250,000 0.0% $1,065 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
04/22/2010 04/22/10 For Sale $4,250,000 -- $1,065 / 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 $19,380 $303,780 $55,080 $248,700
2024 $19,380 $294,540 $55,080 $239,460
2023 $18,693 $260,340 $55,080 $205,260
2022 $17,335 $213,060 $55,080 $157,980
2021 $17,240 $233,640 $55,080 $178,560
2020 $8,570 $195,300 $55,080 $140,220
2019 $16,820 $216,000 $55,080 $160,920
2018 $15,636 $76,704 $18,878 $57,826
2017 $14,751 $72,363 $17,426 $54,937
2016 $13,647 $68,267 $19,324 $48,943
2015 $8,260 $68,265 $28,988 $39,277
2014 $8,260 $65,322 $33,281 $32,041
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10675039

Real Estate Board of New York (REBNY)

APN: 01165-0017

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