NOT LISTED FOR SALE

345 Fenimore St Brooklyn, NY 11225

Prospect Lefferts Gardens Neighborhood

Estimated Value: $1,228,228 - $2,015,000

8 Beds
5.5 Baths
4,100 Sq Ft
$388/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $1,100,000 $268 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,062/month

21 Days on Market

About This Home

As of October 2021

We are pleased to arrange the sale of 345 Fenimore Street, a three unit walk-up building located in Prospect Lefferts-Gardens.

The building comprises of 3 residential units, of which there are 2 three bedroom and 1 two and a half bedroom apartments. The property benefits from a Section 421A program, which runs through June 2025. The low property taxes, the recent year built -- around 2007/2008 - and the separate utilities, all contribute to the extremely low operating expenses. The property has been meticulously maintained under current ownership and boast above average finishes in an open floor plan, hardwood flooring, stainless steel appliances, in-unit washer/dryer hook-up and more. A prospective investor could realize additional upside by utilizing the finished basement to create more livable space and generate addition rental income from the two, off-street parking slots.

Located in one of Brooklyns most desirable neighborhoods Prospect Lefferts-Gardens, the buildings are assort distance to some of Brooklyns major attractions including the iconic Grand Army Plaza, Prospect Park, Prospect Park Zoo, the Brooklyn Museum, Brooklyns Central Library and the Brooklyn Botanic Garden. The properties also enjoy convenient access to the B, Q, S, 2 and 5 trains, which is approximately 30 minutes to Walls St and 40 minutes to Penn St.

Last Agent to Sell the Property

Robin Lennon

Douglas Elliman Real Estate License #10401270208 Listed on: 06/02/2021

Douglas Elliman Real Estate

Co-Listed By

Russell Barnes

Keller Williams NYC License #10401281702

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,004

Home Design

Interior Spaces

  • 3-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 8 Bedrooms

Community Details

  • 3 Units
  • Prospect Lefferts G Subdivision

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Prospect-Lefferts G
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Washer Dryer Allowed

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 8

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Oct 20, 2021
Sold by
349 Fenimore Llc
Bought by
349 Fenimore Street Llc
Seller's Agent
Robin Lennon
Douglas Elliman Real Estate
List Price
$1,500,000
Sold Price
$1,100,000
Premium/Discount to List
-$400,000
-26.67%
Current Estimated Value
$1,591,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,307
Avg. Annual Appreciation
8.92%
Original Mortgage
$120,000
Outstanding Balance
$109,084
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,482,223

Purchase Details

Listed on
Jun 2, 2021
Closed on
Sep 30, 2021
Sold by
Harmonic Partners Llc
Bought by
349 Fenimore Llc
Seller's Agent
Robin Lennon
Douglas Elliman Real Estate
List Price
$1,500,000
Sold Price
$1,100,000
Premium/Discount to List
-$400,000
-26.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$109,084
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,482,223

Purchase Details

Closed on
Jul 29, 2019
Sold by
Fine Home Builders & Realty Llc
Bought by
Harmonic Partners Llc

Purchase Details

Closed on
Sep 21, 2006
Sold by
Edmond Ianthe
Bought by
Aziz Bahman and Rafinia Micah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 1999
Sold by
Edmond Ianthe
Bought by
Edmond Ianthe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.84%
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
349 Fenimore Street Llc -- --
349 Fenimore Street Llc -- --
349 Fenimore Street Llc -- --
349 Fenimore Llc $1,100,000 --
349 Fenimore Llc $1,100,000 --
349 Fenimore Llc $1,100,000 --
Harmonic Partners Llc $910,000 --
Harmonic Partners Llc $910,000 --
Harmonic Partners Llc $910,000 --
Aziz Bahman $855,000 --
Aziz Bahman $855,000 --
Edmond Ianthe -- Stewart Title Insurance Co
Edmond Ianthe -- Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 349 Fenimore Street Llc $120,000
Closed 349 Fenimore Street Llc $120,000
Open 349 Fenimore Llc $1,000,000
Closed 349 Fenimore Llc $1,000,000
Previous Owner Aziz Bahman $595,000
Previous Owner Edmond Ianthe $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $1,100,000 -- --
10/01/2021 10/01/21 Sold $1,100,000 -26.7% $268 / Sq Ft
09/09/2021 09/09/21 For Sale $1,500,000 -- $366 / 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 $9,387 $104,040 $22,440 $81,600
2024 $9,387 $122,400 $22,440 $99,960
2023 $7,333 $110,460 $22,440 $88,020
2022 $5,051 $90,420 $22,440 $67,980
2021 $2,965 $99,180 $22,440 $76,740
2020 $892 $76,560 $22,440 $54,120
2019 $881 $76,560 $22,440 $54,120
2018 $859 $47,808 $15,127 $32,681
2017 $859 $47,448 $16,647 $30,801
2016 $842 $44,763 $16,825 $27,938
2015 $575 $42,230 $23,708 $18,522
2014 $575 $39,840 $24,960 $14,880
Source: Public Records

Agents Affiliated with this Home

  • Robin Lennon

    Seller's Agent in 2021

    Robin Lennon

    Douglas Elliman Real Estate

    (917) 202-8996

    2 in this area

    14 Total Sales

    Robin Lennon
    Section Image
  • Russell Barnes

    Seller Co-Listing Agent in 2021

    Russell Barnes

    Keller Williams NYC

    (917) 633-6398

    2 in this area

    6 Total Sales

    Russell Barnes
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10742002

Real Estate Board of New York (REBNY)

APN: 05039-0050

New York Kings County Brooklyn 11225 Prospect Lefferts Gardens

345 Fenimore St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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