NOT LISTED FOR SALE

Estimated Value: $2,326,000 - $3,335,000

6 Beds
3 Baths
3,350 Sq Ft
$872/Sq Ft Est. Value

Last Sold October 19, 2017

Last sale price $2,625,000 $784 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $15,689/month

105 Days on Market

About This Home

As of October 2017

This Italianate townhouse at 294 Gates Avenue is a rare find. Renovated top-to-bottom with care and exquisite attention to design and every detail, this 20' X 40.5' 3,350 sf two-family house on a 110' lot is comprised of a five-bedroom upper triplex with two and half baths and a one bedroom plus study garden rental. This highly considered renovation draws upon architectural tradition while achieving originality by both breaking from and adhering to the townhouse form and function. The parlor floor is highlighted by restored original plaster work, two decorative fireplaces with marble mantles, bleached chevron white oak flooring and a cold-rolled steel casement window wall with French doors bringing copious light and nature into your home. A steel deck suitable for al fresco dining off the kitchen leads down into the south-facing, generously sized back yard with a lush green lawn. The open kitchen showcases custom walnut millwork, Carrera marble counters with a waterfall design for seating, Carrera marble backsplash with an ingenious integrated marble shelf and custom matte grey cabinets. The appliance package includes a Fisher & Paykel fully integrated refrigerator, a Bertazonni range with a fully vented hood and a Miele dishwasher. A powder room tucked under the stairs nearby fully compliments this floor. The upper level bedroom floors have 7.5" rustic white oak flooring throughout. The master bedroom is a large, quiet triple-windowed oasis with a large fitted walk-in closet. Another large three-window bedroom faces the street on this floor. The master bath has Bianca Dolomite marble tiled walls and a chevron pattern black and white marble tiled floor along with a Blu Bathworks custom vanity with integral blu-stone basin.Three bedrooms round out the top floor. The second full bath on this level has been detailed with custom walnut millwork, a Carrera vanity top, cement floor tiles and rusticated oversized subway tiles. The fixtures in both baths are Duravit and Hans Grohe and both provide the comfort of radiant heated floors. A proper sky-lit laundry room finishes the top floor entirely. The fully renovated and efficiently executed garden floor rental apartment is perfect as an income producing rental apartment. Conveniently located on the Clinton Hill /Bedford Stuyvesant border and just a few blocks from the Franklin Avenue A/C at Fulton, this area has all the services and amenities, restaurants, bars, shopping, grocery, specialty stores and local retail establishments that make Brooklyn and Bedford Stuyvesant known globally and highly desirable.

Last Agent to Sell the Property

Douglas Bowen

Douglas Elliman Real Estate License #10301217443 Listed on: 05/31/2017

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,222

Home Design

Interior Spaces

  • 3,350 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Community Details

  • 2 Units
  • Bed Stuy Subdivision

Listing and Financial Details

  • Tax Block 1986

Property Details

Home Type

Multi-Family

Lot Details

2,222 Sq Ft Lot

Listing Details

  • Cross Street: Bedford Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: BED-STUY
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Living Area: 3350.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 6

Building Info

  • Units: 2
  • Total Stories: 4

Tax Info

  • Tax Block: 1986

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2017
Closed on
Oct 10, 2017
Sold by
294 Gates Partners Llc
Bought by
Chan Christopher K and Wong Jennifer M
Seller's Agent
Douglas Bowen
Douglas Elliman Real Estate
List Price
$2,695,000
Sold Price
$2,625,000
Premium/Discount to List
-$70,000
-2.6%
Current Estimated Value
$2,921,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,010
Avg. Annual Appreciation
1.29%
Original Mortgage
$1,968,750
Outstanding Balance
$1,642,693
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,278,317

Purchase Details

Closed on
Dec 3, 2014
Sold by
Baz Llc
Bought by
294 Gates Partners Llc

Purchase Details

Closed on
Feb 7, 2014
Sold by
Erik M Blueford Executor
Bought by
Baz Llc
Source: Public Records
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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
Chan Christopher K $2,625,000 --
294 Gates Partners Llc $1,250,000 --
Baz Llc $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Christopher K $1,968,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2017 10/19/17 Sold $2,625,000 -2.6% $784 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $2,695,000 -- $804 / 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 $7,703 $141,960 $39,600 $102,360
2024 $7,703 $112,140 $39,600 $72,540
2023 $7,348 $104,820 $39,600 $65,220
2022 $5,411 $85,800 $39,600 $46,200
2021 $5,531 $94,080 $39,600 $54,480
2020 $2,623 $113,460 $39,600 $73,860
2019 $5,245 $125,460 $39,600 $85,860
2018 $3,931 $19,286 $5,156 $14,130
2017 $3,713 $18,212 $5,198 $13,014
2016 $3,437 $17,193 $6,627 $10,566
2015 $1,605 $16,221 $7,299 $8,922
2014 $1,605 $16,221 $8,756 $7,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10084893

Real Estate Board of New York (REBNY)

APN: 01986-0022

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