NOT LISTED FOR SALE

Estimated Value: $1,474,649

Studio
2 Baths
1,204 Sq Ft
$1,225/Sq Ft Est. Value

Last Sold June 26, 2019

Last sale price $1,500,000 $1,246 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,935/month

108 Days on Market

About This Home

As of June 2019

Open floor concept. Exceptional opportunity to own a renovated building in Clinton Hill perfectly located blocks from the Pratt Institute, Naval Yard, Steiner Studios and Fort Greene Park. Surrounded by a variety of commercial, retail and residential destinations, this one story brick loft building was once the lunch counter for the Brooklyn Naval Yard. It is situated on a 25 x 50 south-east corner lot at Park Avenue and Stueben St. with curb cut and garage door access capable of housing a vehicle. Zoning is M-1 with a building class of K-1 and allowable square feet of 1200' on the ground floor and 800' in basement. There is potential for an additional 600' second floor ("caretaker's apartment/penthouse). Other features include washer/dryer, new mechanicals, central A/C, natural gas heat and ADT security system. Built in 1938, it includes many significant architectural features including 15 foot roof, 10' ceilings, 2 13.5' massive skylights, original oak & steel beams, hardwood floors, exposed brick walls, glass block windows and custom industrial lighting. Currently used as a sun flooded artist's studio with south-east exposures, it has a sleek, fully equipped kitchen w/6 burner Southbend stove, LG fridge and Laserton cabinets and 2 renovated bathrooms outfitted with slate tiles.This unique property with an adaptable and versatile floorplan conveys an authentic urban feel and has great user potential for those seeking a creative space in a historic building!

Last Agent to Sell the Property

John Campbell

Douglas Elliman Real Estate License #10301221083 Listed on: 11/07/2018

Co-Listed By

Gerald Germany

Compass License #30GE0940630

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • 1,220

Interior Spaces

  • 2 Bathrooms
  • 1,204 Sq Ft Home
  • 2-Story Property

Community Details

  • Clinthl Subdivision

Listing and Financial Details

  • Tax Block 1894

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

1,220 Sq Ft Lot

Listing Details

  • Cross Street: Steuben
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: CLINTHL
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 1204.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 2

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Natural Gas

Building Info

  • Units: 1
  • Total Stories: 2
  • Year Built: 1938

Tax Info

  • Tax Block: 1894

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2018
Closed on
Jun 21, 2019
Sold by
342 Park Avenue Llc
Bought by
Artmaggot Llc
Seller's Agent
John Campbell
Douglas Elliman Real Estate
List Price
$1,500,000
Sold Price
$1,500,000
Current Estimated Value
$1,474,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,351
Avg. Annual Appreciation
-0.25%
Original Mortgage
$720,000
Outstanding Balance
$631,773
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$842,876

Purchase Details

Closed on
Nov 8, 2018
Sold by
Colombo Construction Corp and Attn: Elena Colombo
Bought by
342 Park Avenue Llc and Attn: Elena Colombo

Purchase Details

Closed on
Feb 17, 2006
Sold by
Elektra'S Farm Corp
Bought by
Colombo Construction Corp

Purchase Details

Closed on
Nov 4, 2004
Sold by
Damora Matthew R
Bought by
Elektra'S Farm Corp
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
Artmaggot Llc $1,162,500 --
342 Park Avenue Llc -- --
Colombo Construction Corp $417,500 --
Elektra'S Farm Corp $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Artmaggot Llc $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2019 06/26/19 Sold $1,500,000 0.0% $1,246 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
11/08/2018 11/08/18 For Sale $1,500,000 -- $1,246 / 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 $15,138 $177,300 $40,500 $136,800
2024 $15,138 $168,750 $40,500 $128,250
2023 $13,816 $158,400 $40,500 $117,900
2022 $12,651 $151,650 $40,500 $111,150
2021 $10,837 $134,100 $40,500 $93,600
2020 $4,697 $100,800 $8,100 $92,700
2019 $8,280 $102,150 $8,100 $94,050
2018 $7,457 $96,750 $8,100 $88,650
2017 $6,826 $69,300 $8,100 $61,200
2016 $6,751 $63,900 $8,100 $55,800
2015 -- $61,650 $8,100 $53,550
2014 -- $63,000 $8,100 $54,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10545809

Real Estate Board of New York (REBNY)

APN: 01894-0023

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