NOT LISTED FOR SALE

363 Franklin Ave Brooklyn, NY 11238

Bed-Stuy Neighborhood

Estimated Value: $1,926,000 - $2,643,000

7 Beds
7 Baths
3,798 Sq Ft
$601/Sq Ft Est. Value

Last Sold August 19, 2024

Last sale price $1,855,000 $488 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $13,554/month

110 Days on Market

Highlights

  • Wood Flooring
  • Private Yard
  • 4-minute walk to Lafayette Gardens Playground
  • High Ceiling
  • No Heating

About This Home

As of August 2024

BED STUY/ CLINTON HILL 3 FAMILY TOWNHOUSE
LOCATION... LOCATION... LOCATION...

20 BY 55 HOUSE
20 BY 100 LOT SIZE

3 UNITS WITH BONUS STUDIO SPACE

Monthly Rent (Current. All 3 leases expire on July 31, 2024)
1: $3,750
2: $3,025
3. $3,450
Total Revenue: $10,225 pm ($122,700 annual)

RE Taxes: $13,537 (2023/24)
Insurance: $3,500 (2023/24)
Total Tax + Insurance: $17,037

Total Income: $105,663

Projected Market Rent for (2024/25)
1: $3,900
2: $3,200
3: $3,550
Total: 10,650 pm ($127,800 annual)

Last Agent to Sell the Property

Ante Jakic

Compass License #10301219774 Listed on: 02/23/2024

Compass

Co-Listed By

Grigor Licul

Compass License #10301216067

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,536

Year Built

  • Built in 2010

Lot Details

  • 961 Sq Ft Lot
  • Lot Dimensions are 961 x 1
  • Private Yard

HOA Fees

  • Condo Association YN

Interior Spaces

  • 3,798 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Wood Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Utilities

  • No Cooling
  • No Heating

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / 01971

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,536

Year Built

Built in 2010

Lot Details

0

HOA Fees

$1 per month

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • Entry Level: 1
  • Structure Type: Multi Family
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: High Ceilings
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 3798.0
  • Living Area Units: Square Feet
  • Rooms (Total): 12

Beds/Baths

  • Full Bathrooms: 7
  • Bathrooms Integer: 7
  • Bedrooms: 7

Exterior Features

  • Exterior Features: Private Yard

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: None
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 961.0
  • Lot Size Dimensions: 961 x 1

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 3
  • Year Built: 2010

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01971
  • Tax Lot: 4
  • Tax Annual: 13536.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Aug 19, 2024
Sold by
Shah Shikhar S
Bought by
Brooklyn Twhs Llc
Seller's Agent
Ante Jakic
Compass
List Price
$2,350,000
Sold Price
$1,855,000
Premium/Discount to List
-$495,000
-21.06%
Views
39
Current Estimated Value
$2,283,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,153
Avg. Annual Appreciation
22.58%

Purchase Details

Closed on
Jun 30, 2015
Sold by
Niasse Ndeye Anta
Bought by
Shah Shikhar S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2010
Sold by
Mazal 37 Corp
Bought by
Niasse Ndeye Anta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,800
Interest Rate
4.61%

Purchase Details

Closed on
May 28, 2008
Sold by
Stevens James F and Stevens Mary F
Bought by
Mazal 37 Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Brooklyn Twhs Llc $1,855,000 --
Shah Shikhar S $1,850,000 --
Shah Shikhar S $1,850,000 --
Niasse Ndeye Anta $823,750 --
Mazal 37 Corp $280,000 --
Mazal 37 Corp $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shah Shikhar S $1,260,000
Previous Owner Niasse Ndeye Anta $802,800
Previous Owner Mazal 37 Corp $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2024 08/19/24 Sold $1,855,000 -7.3% $488 / Sq Ft
06/13/2024 06/13/24 Pending -- -- --
06/11/2024 06/11/24 Price Changed $2,000,000 +0.3% $527 / Sq Ft
04/30/2024 04/30/24 Price Changed $1,995,000 -8.7% $525 / Sq Ft
04/01/2024 04/01/24 Price Changed $2,185,000 -7.0% $575 / Sq Ft
02/23/2024 02/23/24 For Sale $2,350,000 -- $619 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $13,640 $156,060 $14,040 $142,020
2024 $13,640 $137,160 $14,040 $123,120
2023 $13,688 $136,320 $14,040 $122,280
2022 $12,694 $135,900 $14,040 $121,860
2021 $12,624 $140,400 $14,040 $126,360
2020 $5,920 $152,040 $14,040 $138,000
2019 $11,839 $127,620 $14,040 $113,580
2018 $11,450 $56,167 $8,947 $47,220
2017 $10,802 $52,988 $8,355 $44,633
2016 $9,993 $49,989 $10,644 $39,345
2015 $6,120 $47,160 $9,442 $37,718
2014 $6,120 $47,160 $11,325 $35,835
Source: Public Records

Agents Affiliated with this Home

  • Ante Jakic

    Seller's Agent in 2024

    Ante Jakic

    Compass

    (646) 461-6633

    2 in this area

    43 Total Sales

    Ante Jakic
    Section Image

  • G

    Seller Co-Listing Agent in 2024

    Grigor Licul

    Compass

    (917) 548-4255

    2 in this area

    41 Total Sales

    Grigor Licul
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10988468

Real Estate Board of New York (REBNY)

APN: 01971-0004

New York Kings County Brooklyn 11216 Bed-Stuy

363 Franklin Ave, Brooklyn, NY

This home is located at 363 Franklin Ave, Brooklyn, NY 11238 since 23 February 2024 and is currently estimated at $2,283,153, approximately $601 per square foot. This property was built in 2010. 363 Franklin Ave is a home located in Kings County with nearby schools including P.S. 3 - The Bedford Village, Clara Muhammad School Of Masjid Khalifah, and Brooklyn Waldorf School.

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.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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