NOT LISTED FOR SALE

Estimated Value: $2,973,694 - $5,059,000

6 Beds
5 Baths
2,860 Sq Ft
$1,277/Sq Ft Est. Value

Last Sold May 20, 2019

Last sale price $3,250,000 $1,136 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $20,125/month

184 Days on Market

About This Home

As of May 2019

Introducing 381 & 385 Gates Avenue; two separated & identical trophy-townhouses completely reimagined to perfectly combine classic townhouse living with todays modern lifestyle. This masterfully developed smart home is guaranteed to exceed all expectations with the highest quality of finishes and state-of-the-art execution that pushes the limits of multi-family sophistication. New York Equity Management has created another exceptional masterpiece that is catered to privatizing the primary residence across five (5) floors while still providing a separated garden studio perfect for a guest home or additional income. This grand footprint impresses as soon as you enter through custom double doors and into your separated vestibule area. You are instantly welcomed by a cozy sitting room highlighted by a Calacatta wood-burning fireplace and an open, but distinct, living, dining & kitchen parlor floor ideal for entertaining. White oak select herringbone floors lead you to your garden-facing kitchen detailed with hydraulic Bauformat German cabinetry featuring a laced Calacatta marble island & backsplash, Jenn-Air Appliances, Miele Hood, Bosch dishwasher, Kraus sinks, a wet bar & pantry. An ideal eat-in-kitchen dining experience is cultivated through a wall of Sierra Pacific windows looking into a serene private garden drenched with Ipe wood detail. A radiant heated family garden room has been added just beneath your kitchen to maximize extra living space perfect for those movie nights or while hosting al fresco dining in the warmer months. Custom balusters & a walnut finished bannister lead you to your sprawling master suite encompassing the entire second floor for ultimate privacy. The massive master bedroom overlooks your garden along with a wide balcony for seamless outdoor access. Walk through spacious his & her closets and into your south-facing, radiant heated master bath drenched in elegant Calacatta marble detail. A deep soaking Signature Hardware tub, double Hansgrohe shower bodies, dual sinks & Duravit toilet/bidet combo making for a spa type experience. An en-suite bedroom and two adjacent bedrooms are located on the top floor making for a perfect setup for an additional guest bedroom, home office or kids playroom. Ample amount of extra storage is provided with 3 large closets in your hallway before leading you to your own private roofdeck kissed by a downtown Manhattan glimpse.Astonishing attention-to-detail is manifested with custom crown moldings, cove lighting, a laundry chute, Sonos Bluetooth speakers, IPad controlled Smart-Home system & Nest thermostats throughout the residence. A fully-finished basement, powder bathroom & laundry room complete your home across five floors of private space. 381 & 385 Gates Avenue are two exceptionally reimagined townhouses that raise the limits of expectations in bustling Bedford-Stuyvesant. Conveniently located between highly coveted Bedford & Nostrand Avenue, the home is at the epicenter of neighborhood amenities and just moments away from Clinton Hill, Fort Greene, Crown Heights & Downtown Brooklyn. Enjoy local hotspots such as Peaches, Eugene, Locanda Vini & Olii, Speedy Romeos & Saraghinas while also being within close proximity to the G (Bedford/Nostrand) A, C, & S (Franklin, Nostrand) subway lines.*All square footages are approximate

Last Agent to Sell the Property

Daniel Kandinov

Corcoran Group License #10401279436 Listed on: 10/17/2018

Corcoran Group

Co-Listed By

Natalia Kaminskaya

Corcoran Group License #10401297888

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,121

Year Built

  • Built in 1899

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • 4-Story Property
  • Lot Dimensions are 100.0 x 20.0

Community Details

  • 2 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,121

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Bedford Avenue & Nostrand Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Beds/Baths

  • Bathrooms Integer: 5
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 20.0

Building Info

  • Units: 2
  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 1807

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2018
Closed on
May 20, 2019
Sold by
Gates Group Llc
Bought by
Berliner Paul and D'Amico Jessica
Seller's Agent
Daniel Kandinov
Corcoran Group
List Price
$3,385,000
Sold Price
$3,250,000
Premium/Discount to List
-$135,000
-3.99%
Current Estimated Value
$3,651,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,924
Avg. Annual Appreciation
1.83%
Original Mortgage
$2,600,000
Outstanding Balance
$2,276,514
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,375,410
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
Berliner Paul $3,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berliner Paul $2,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2019 05/20/19 Sold $3,250,000 -4.0% $1,136 / Sq Ft
04/20/2019 04/20/19 Pending -- -- --
10/17/2018 10/17/18 For Sale $3,385,000 -- $1,184 / 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 $12,121 $210,480 $16,380 $194,100
2024 $12,121 $176,460 $16,380 $160,080
2023 $11,562 $155,940 $16,380 $139,560
2022 $11,065 $163,800 $16,380 $147,420
2021 $11,366 $126,480 $16,380 $110,100
2020 $8,525 $127,980 $16,380 $111,600
2019 $9,554 $119,820 $16,380 $103,440
2018 $4,518 $22,162 $3,597 $18,565
2017 $4,262 $20,908 $4,244 $16,664
2016 $3,943 $19,725 $5,406 $14,319
2015 $2,379 $19,725 $6,162 $13,563
2014 $2,379 $19,577 $7,338 $12,239
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10526351

Real Estate Board of New York (REBNY)

APN: 01807-0071