NOT LISTED FOR SALE

Estimated Value: $3,110,000 - $4,925,000

5 Beds
3.5 Baths
3,000 Sq Ft
$1,356/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $4,805,000 $1,602 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $21,924/month

18 Days on Market

Highlights

  • Cooling Available
  • P.S. 321 William Penn Rated A
  • 1-minute walk to J.J. Byrne Playground

About This Home

As of May 2024

351 4th Street

Introducing 351 Fourth Street, a classic and handsome restored limestone beauty. Originally built in 1909, this residence has been impeccably reimagined for contemporary living, seamlessly blending original millwork, plaster detail, and modern amenities. This distinguished home stands just moments away from the attractions that define Park Slope as one of New York City's most desirable neighborhoods.


A classic entry with a stoop and original double doors guides you into a thoughtfully designed parlor level, expertly laid out for entertainment, relaxation, and dining. With its lofty ceilings, this level boasts an expansive sitting area, a family room with built in bookcase, and a capacious chef's kitchen with access to a deck with stairs to a meticulously planned backyard.


Ascending to the third floor, you'll discover a sprawling primary bedroom featuring an ensuite bath, and a walk in closet. And two additional generously sized bedrooms, a full size laundry room, an additional bath and an office.


The garden level introduces unparalleled adaptability, currently serving as a separate two-bedroom rental unit. Alternatively, combine the space to create a guest suite, a home office, a separate living area, a personal gym, or a children's haven, or all of the above. Complete with an extra laundry room and a full bathroom, this level provides direct access to a landscaped garden, seamlessly blending indoor and outdoor living.


Modern amenities grace this residence, including a three-zone HVAC system, custom built closets, high-end energy efficient fixtures, and lighting--this one is not to be missed.


Nestled on Fourth Street between Fifth and Sixth Avenues, this location offers prime centrality. Revel in the proximity of Prospect Park and J.J. Byrne Park, a mere stone's throw away, as well as distinguished eateries, boutiques, coffee houses, cultural venues, and the full spectrum of attractions this splendid area affords. From weekend farmers markets to the Brooklyn Library, the Brooklyn Museum and Botanical Gardens, every facet of this vibrant neighborhood is within reach.


Last Agent to Sell the Property

PAUL POLICASTRO

Corcoran Group License #10401291822 Listed on: 02/27/2024

Corcoran Group

Co-Listed By

Jessica Buchman

Corcoran Group License #10301200330

Last Buyer's Agent

Direct Deal Listing

Direct Deal License #A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,640

Year Built

  • Built in 1901

Lot Details

  • 1,500 Sq Ft Lot
  • Lot Dimensions are 75.00x20.00

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2-Story Property
  • Decorative Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Utilities

  • Cooling Available

Community Details

  • 2 Units
  • Park Slope Subdivision

Listing and Financial Details

  • Legal Lot and Block 0061 / 00982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,640

Year Built

Built in 1901

Lot Details

1,500 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Features: Smoke Free
  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Washer Hookup, In Unit
  • Green Building Features: Green Building
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1500.0
  • Lot Size Dimensions: 75.00x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1901

Tax Info

  • Tax Block: 00982
  • Tax Lot: 0061
  • Tax Annual: 8640.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
May 13, 2024
Sold by
Oswego Tea Llc
Bought by
Albano Patrick and Superfin Beth
Seller's Agent
PAUL POLICASTRO
Corcoran Group
Buyer's Agent
Direct Deal Listing
Direct Deal
List Price
$4,595,000
Sold Price
$4,805,000
Premium/Discount to List
$210,000
4.57%
Views
21
Current Estimated Value
$4,066,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$738,009
Avg. Annual Appreciation
-8.62%
Original Mortgage
$1,800,000
Outstanding Balance
$1,766,007
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,300,984

Purchase Details

Closed on
Aug 11, 2017
Sold by
Forrester Errol
Bought by
Oswego Tea Llc

Purchase Details

Closed on
Sep 17, 1996
Sold by
Bailey Emiline
Bought by
Forrester Errol

Purchase Details

Closed on
Apr 18, 1993
Sold by
Bailey Emiline and Andrews Donald
Bought by
Bailey Emiline
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
Albano Patrick $4,805,000 --
Albano Patrick $4,805,000 --
Albano Patrick $4,805,000 --
Oswego Tea Llc $2,150,000 --
Oswego Tea Llc $2,150,000 --
Oswego Tea Llc $2,150,000 --
Forrester Errol -- --
Forrester Errol -- --
Bailey Emiline -- --
Bailey Emiline -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Albano Patrick $1,800,000
Closed Albano Patrick $1,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2024 05/14/24 Price Changed $4,805,000 0.0% $1,602 / Sq Ft
05/13/2024 05/13/24 Sold $4,805,000 +4.6% $1,602 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $4,595,000 -- $1,532 / 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 $9,153 $269,520 $30,600 $238,920
2024 $9,153 $221,760 $30,600 $191,160
2023 $8,732 $246,600 $30,600 $216,000
2022 $8,154 $202,860 $30,600 $172,260
2021 $8,143 $201,060 $30,600 $170,460
2019 $7,944 $198,180 $30,600 $167,580
2018 $7,304 $35,830 $6,380 $29,450
2017 $6,939 $34,038 $5,808 $28,230
2016 $6,446 $32,246 $6,057 $26,189
2015 $3,873 $32,246 $9,092 $23,154
2014 $3,873 $31,648 $9,963 $21,685
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10957893

Real Estate Board of New York (REBNY)

APN: 00982-0061

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