NOT LISTED FOR SALE

348 Lafayette Ave Brooklyn, NY 11238

Clinton Hill Neighborhood

Estimated Value: $2,246,000 - $2,776,000

-- Bed
3 Baths
3,312 Sq Ft
$764/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $1,999,999 $604 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $14,579/month

Highlights

  • Brownstone
  • 1-minute walk to Classon Avenue
  • 2-minute walk to Classon Playground
  • Heating System Uses Steam
  • Back Yard

About This Home

As of February 2022

Clinton Hill legal 3-family Brownstone with tons of potential! High income generating units! This property currently features 11 bedrooms and 3 bathrooms and can easily be reconfigured. Great opportunity to turn this property into your dream home and customize it to your liking! Huge basement with high ceilings as well as a spacious backyard. Don’t miss your opportunity to own in one of Brooklyn’s most sought over neighborhoods for below market value! Financing options available!

Last Agent to Sell the Property

Charles Olson

Keller Williams Realty Empire Listed on: 10/28/2021

Keller Williams Realty Empire

Last Buyer's Agent

Jack Perlamuter

Perl Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,585

Lot Details

  • 1,875 Sq Ft Lot
  • Lot Dimensions are 100 x 18
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Brownstone
  • Flat Roof Shape

Interior Spaces

  • 3 Full Bathrooms
  • 3,312 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 1948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,585

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1219
  • Building Length: 65.00
  • Building Width: 18.75
  • Confirmed By M L S Y N: Yes
  • Cross Street: Classon Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 3312
  • Building Stories: 3
  • Street Name I D X: Lafayette
  • Street Number I D X: 348
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Flooring: None
  • Lot Sq Ft: 1875

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Brownstone
  • Foundation Details: Other
  • Lot Number: 18
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Other
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 18
  • Zoning: R6B

Multi Family

  • Unit Count: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2021
Closed on
Feb 24, 2022
Sold by
Legere Adrienne and Legere Ken H
Bought by
348 Lafayette Avenue Llc
Seller's Agent
Charles Olson
Keller Williams Realty Empire
Buyer's Agent
Jack Perlamuter
Perl Group Real Estate
Sold Price
$1,999,999
Current Estimated Value
$2,547,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$547,342
Avg. Annual Appreciation
5.67%
Original Mortgage
$1,699,999
Outstanding Balance
$1,587,559
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$832,671

Purchase Details

Closed on
Jun 13, 2000
Sold by
Hud
Bought by
Legere Ken H and Legere Adrienne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,900
Interest Rate
8.28%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 25, 1996
Sold by
Home Emergency Learning Program Inc
Bought by
The Originals Of Jamaica Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,550
Interest Rate
7.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
348 Lafayette Avenue Llc $1,999,999 --
348 Lafayette Avenue Llc $1,999,999 --
Legere Ken H $200,000 Chicago Title Insurance Co
Legere Ken H $200,000 Chicago Title Insurance Co
The Originals Of Jamaica Inc $173,000 Commonwealth Land Title Ins
Home Emergency Learning Program Inc $140,000 First American Title Ins Co
Home Emergency Learning Program Inc $140,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 348 Lafayette Avenue Llc $549,001
Open 348 Lafayette Avenue Llc $1,699,999
Closed 348 Lafayette Avenue Llc $936,000
Closed 348 Lafayette Avenue Llc $1,699,999
Previous Owner Legere Adrienne $600,000
Previous Owner Legere Adrienne $422,500
Previous Owner Legere Ken $6,648
Previous Owner Legere Ken H $303,900
Previous Owner Home Emergency Learning Program Inc $185,550
Previous Owner Home Emergency Learning Program Inc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2022 02/24/22 Sold $1,999,999 -- $604 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $7,585 $179,160 $23,760 $155,400
2024 $7,585 $210,780 $23,760 $187,020
2023 $7,358 $187,800 $23,760 $164,040
2022 $6,823 $153,720 $23,760 $129,960
2021 $6,786 $118,680 $23,760 $94,920
2020 $5,090 $128,580 $23,760 $104,820
2019 $6,583 $110,820 $23,760 $87,060
2018 $6,154 $30,190 $5,055 $25,135
2017 $5,806 $28,483 $5,363 $23,120
2016 $5,372 $26,872 $6,830 $20,042
2015 $3,241 $26,224 $9,999 $16,225
2014 $3,241 $26,224 $8,497 $17,727
Source: Public Records

Agents Affiliated with this Home

  • Charles Olson

    Seller's Agent in 2022

    Charles Olson

    Keller Williams Realty Empire

    (917) 836-1050

    1 in this area

    168 Total Sales

    Section Image
  • Jack Perlamuter

    Buyer's Agent in 2022

    Jack Perlamuter

    Perl Group Real Estate

    (917) 776-8830

    1 in this area

    11 Total Sales

    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 456776

Brooklyn Board of REALTORS®

APN: 01948-0018

New York Kings County Brooklyn 11205 Clinton Hill

348 Lafayette Ave, Brooklyn, NY

This home is located at 348 Lafayette Ave, Brooklyn, NY 11238 since 28 October 2021 and is currently estimated at $2,529,504, approximately $763 per square foot. 348 Lafayette Ave is a home located in Kings County with nearby schools including P.S. 270 The Dekalb School, Compass Charter School, and Talmud Torah Dnitra.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Nearby Homes