NOT LISTED FOR SALE

Estimated Value: $3,660,000 - $4,159,000

Studio
-- Bath
3,400 Sq Ft
$1,165/Sq Ft Est. Value

Sale Details

Date Sold: March 4, 2021

Last sale price $3,600,000 $1,059 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $22,107 / mo

85 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to Clinton-Washington Avenues (G Line)
  • 3-minute walk to Gateway Triangle
  • P.S. 20 Clinton Hill Rated A
  • Community Garden

About This Home

As of March 2021

Bring your architect, interior designer and your cars,(yes there's parking for multiple!) and build your dream house & sanctuary in this beautiful & historic 19th century Neo Grec brick Fort Greene Carriage House. The interior is a sprawling 3400sf with a 1500sf garden and what is even more exciting: you can essentially double your living space to 7000SF with the available FAR buildable square footage.

Carriage Houses are typically built for the mansion through the block to the other Avenue and that is true for 375 Vanderbilt Avenue. Clinton Avenue at the time was becoming the Mansion Row of the area and this Carriage House was designed as a pair of two story brick Carriage houses,(373 and 375 Vanderbilt), for the corresponding mansions on Clinton Avenue, 372 Clinton and 374 Clinton Ave. Those mansions exist today as a pair of heavily altered Neo Grec houses. The Clinton Avenue houses were designed in 1878 by Robert Dixon for Maurice S. Kerrigan and built by Thomas Fagan, who was active throughout the Clinton Hill area. Maurice Kerrigan who lived at 372, owned a leather factory that produced leather for shoes and book bindings.

A few years after the above Clinton Avenue mansions were completed, the two Carriage Houses were built as two separate addresses, (373 and 375), in 1893 in a modified Romanesque Revival Style including a horse walkway to the front buildings. They were probably done by the same builder and designer for the Clinton Avenue mansions, Dixon and Fagan. They built an elliptically-arched entrance plus a curb cut for each. The door detail was designed with distinctive Drip Moldings and a keystone. On the second floor, the design is a raised corbeled cornice and pediment.

These two Carriage Houses were combined sometime in the 1930s eliminating "373? and the address became "375 Vanderbilt Ave". The right side facade was changed to accommodate a store front when it became a candy store. Sometime in the 1960s the right side storefront was bricked over, leaving narrow facade windows.

There are only a few of these double Carriage Houses in the neighborhood and this is the first time in 50 plus years that that 375 Vanderbilt Avenue is available for sale. The building has been owned by a local painter who attended the infamous Art Students League of New York. The interior reads as a French Atelier: Her studio is stunning with twelve foot plus ceilings and lots of tall arched windows. The high ceilings are lined with the original wood wainscoting and an elegant French-style circular stair which ascends the twelve feet to the 2nd floor.

The building is massive, measuring 45 x 40FT with a garage, and two curb cuts, (parking spaces) on Vanderbilt Ave. It is a two family building, used as a three unit building. The lot is 50x 70FT and the garden is 1500SF. The current set up is a garage and apartment on the first floor and two large three bedroom apartments on the 2nd floor. There is additional buildable square footage and FAR of 3600Sf. Real estate taxes are incredibly low at $2900 Annually.

Another unusual feature is that there are windows on three sides, east and west and the third exposure is due to an alleyway on the north side of the building.

The alley is a five foot wide horse walk way that extended from Vanderbilt to Clinton Ave. These days it doesn't go though the block as the mansion and Carriage Houses tax lots were separated.

There is a lot of original architectural detail in the house such as the original arched windows throughout, and skylights. The first image is an architectural rendering showing a restored facade with two arched Carriage House doors and historically correct windows as a starting point for a prospective buyer. There are additional architectural renderings available illustrating how one might to use the FAR through adding a third floor as well as adding a two story solarium on the garden side of the house. There is a construction

Last Agent to Sell the Property

Kathleen Perkins

Compass License #10301202910 Listed on: 08/10/2020

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1845

Home Design

  • Pre War Building

Additional Features

  • 2-Story Property
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 4 / 1943

Community Details

Overview

  • 2 Units
  • Fortgrne Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Multi-Family

Year Built

Built in 1845

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: greene ave
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: FORTGRNE
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Exterior Features: Building Garden

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Natural Gas

Building Info

  • Units: 2
  • Total Stories: 2
  • Year Built: 1845

Tax Info

  • Tax Block: 1943
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Mar 4, 2021
Sold by
Nanval Bk 1 Llc
Bought by
375 Vanderbilt Llc
Seller's Agent
Kathleen Perkins
Compass
List Price
$4,500,000
Sold Price
$3,600,000
Premium/Discount to List
-$900,000
-20%
Current Estimated Value
$3,960,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,627
Avg. Annual Appreciation
1.86%
Original Mortgage
$2,035,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2020
Sold by
Valsamis Nancy
Bought by
Nanval Bk 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$987,500
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
375 Vanderbilt Llc $3,700,000 --
Nanval Bk 1 Llc -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner 375 Vanderbilt Llc $2,035,000
Previous Owner Nanval Bk 1 Llc $987,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2021 03/04/21 Sold $3,600,000 -20.0% $1,059 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $4,500,000 -- $1,324 / 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
2026 $8,074 $241,680 $31,080 $210,600
2025 $8,074 $272,700 $31,080 $241,620
2024 $8,074 $243,780 $31,080 $212,700
2023 $8,099 $238,560 $31,080 $207,480
2022 $7,510 $218,340 $31,080 $187,260
2021 $7,472 $197,940 $31,080 $166,860
2020 $1,454 $176,640 $31,080 $145,560
2019 $2,910 $176,640 $31,080 $145,560
2018 $2,796 $33,231 $4,367 $28,864
2017 $5,739 $31,351 $6,498 $24,853
2016 $5,255 $29,588 $5,729 $23,859
2015 $3,153 $27,916 $7,789 $20,127
2014 $3,153 $27,916 $9,349 $18,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10657791

Real Estate Board of New York (REBNY)

APN: 01943-0004

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