NOT LISTED FOR SALE

359 Decatur St Brooklyn, NY 11233

Bed-Stuy Neighborhood

Estimated Value: $1,596,000 - $1,923,000

4 Beds
2 Baths
2,040 Sq Ft
$851/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $1,500,000 $735 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,367/month

96 Days on Market

Highlights

  • Pre War Building
  • Garden
  • 3-minute walk to El Shabazz Playground

About This Home

As of December 2018

This two-family brownstone was renovated for sale in 2012 and retains much of its original detail and charm. It is currently configured as a duplex three-bedroom with one bathroom over a one-bedroom, one-bathroom rental. Both apartments feature stainless-steel refrigerators, dishwashers and original marble fireplace mantles, and the duplex has a washer and dryer. The rental is vacant and generated $2,400/month until September of this year. The duplex apartment is occupied by highly favorable tenants on a month-to-month lease paying $3,250/month. The property can be delivered vacant or with these tenants. 359 Decatur is five blocks from the A and C train, seven doors from French bistro Chez Oskar, and on one of the friendliest and iconic blocks in Bed-Stuy. Seller is highly motivated and must sell by year end.

Last Agent to Sell the Property

Rodrigo Guzman

Corcoran Group License #10301213119 Listed on: 07/03/2018

Corcoran Group

Co-Listed By

Gabriel Greenberg

Compass License #10401232376

Property Details

Home Type

  • Condo-Op

Lot Details

  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 2,040 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units
  • Bed Stuy Subdivision

Listing and Financial Details

  • Tax Block 1676

Property Details

Home Type

Condo-Op

Lot Details

1,699 Sq Ft Lot

Listing Details

  • Cross Street: Stuyvesant Avenue/Malcolm X Boulevard
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: BED-STUY
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Coop
  • Stories: 2

Interior Features

  • Living Area: 2040.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Garden

Condo/Co-op/Association

  • Common Interest: Condop

Building Info

  • Units: 2
  • Total Stories: 2

Tax Info

  • Tax Block: 1676

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2018
Closed on
Dec 14, 2018
Sold by
Allen Michael J
Bought by
Patel Manish
Seller's Agent
Rodrigo Guzman
Corcoran Group
List Price
$1,750,000
Sold Price
$1,500,000
Premium/Discount to List
-$250,000
-14.29%
Current Estimated Value
$1,735,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,760
Avg. Annual Appreciation
2.03%
Original Mortgage
$691,269
Outstanding Balance
$610,238
Interest Rate
4.9%
Mortgage Type
Unknown
Estimated Equity
$1,125,522

Purchase Details

Closed on
Sep 21, 2012
Sold by
Graf Aaron
Bought by
Allen Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2012
Sold by
359 Decatur Street Inc
Bought by
Graf Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2011
Sold by
Graf
Bought by
359 Decatur Street Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2006
Sold by
Richards Conrad C
Bought by
Richards Rawle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2002
Sold by
Evans Elder Ind
Bought by
Richards Conrad C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,050
Interest Rate
7.08%
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
Patel Manish $1,500,000 --
Allen Michael J $620,000 --
Graf Aaron -- --
359 Decatur Street Inc -- --
Graf Aaron $285,000 --
Richards Rawle $421,000 --
Richards Conrad C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Manish $691,269
Previous Owner Allen Michael J $496,000
Previous Owner Graf Aaron $300,000
Previous Owner 359 Decatur Street Inc $220,000
Previous Owner Richards Rawle $467,000
Previous Owner Richards Conrad C $246,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2018 12/14/18 Sold $1,500,000 -14.3% $735 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
07/07/2018 07/07/18 For Sale $1,750,000 -- $858 / 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 $4,015 $114,960 $17,280 $97,680
2024 $4,015 $98,940 $17,280 $81,660
2023 $4,016 $112,560 $17,280 $95,280
2022 $3,726 $104,460 $17,280 $87,180
2021 $3,709 $89,460 $17,280 $72,180
2020 $1,843 $90,420 $17,280 $73,140
2019 $3,485 $83,820 $17,280 $66,540
2018 $3,359 $16,478 $3,141 $13,337
2017 $3,171 $15,554 $3,350 $12,204
2016 $2,936 $14,688 $4,273 $10,415
2015 $1,770 $14,680 $6,409 $8,271
2014 $1,770 $13,884 $7,271 $6,613
Source: Public Records

Agents Affiliated with this Home

  • Rodrigo Guzman

    Seller's Agent in 2018

    Rodrigo Guzman

    Corcoran Group

    (917) 686-9768

    5 Total Sales

    Rodrigo Guzman
    Section Image

  • G

    Seller Co-Listing Agent in 2018

    Gabriel Greenberg

    Compass

    (917) 376-2782

    3 in this area

    18 Total Sales

    Gabriel Greenberg
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10429308

Real Estate Board of New York (REBNY)

APN: 01676-0054

New York Kings County Brooklyn 11233 Bed-Stuy

359 Decatur St, Brooklyn, NY

Not Listed for Sale

Coop

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