NOT LISTED FOR SALE

385 Atlantic Ave New York, NY 11217

Boerum Hill Neighborhood

Estimated Value: $5,702,261

7 Beds
8 Baths
5,670 Sq Ft
$1,006/Sq Ft Est. Value

About This Home

This home is located at 385 Atlantic Ave, New York, NY 11217 and is currently estimated at $5,702,261, approximately $1,005 per square foot. 385 Atlantic Ave is a home located in Kings County with nearby schools including P.S. 38 The Pacific School, A. Fantis School of Saints Constantine and Helen Cathedral, and Brooklyn Friends School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
385 Atlantic Llc
Bought by
385 Atlantic Avenue Llc
Current Estimated Value
$5,702,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,952,500
Outstanding Balance
$3,612,124
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,090,137

Purchase Details

Closed on
Feb 3, 2005
Sold by
Nethers John W and Schneider Joel A
Bought by
385 Atlantic Llc

Purchase Details

Closed on
Jan 4, 2001
Sold by
Schneider Joel A and Nethers John W
Bought by
Schneider Joel A and Nethers John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.16%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
385 Atlantic Avenue Llc $5,270,000 --
385 Atlantic Avenue Llc $5,270,000 --
385 Atlantic Llc $1,325,000 --
385 Atlantic Llc $1,325,000 --
Schneider Joel A -- Fidelity National Title Ins
Schneider Joel A -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 385 Atlantic Avenue Llc $3,952,500
Closed 385 Atlantic Avenue Llc $250,000
Closed 385 Atlantic Avenue Llc $3,952,500
Previous Owner 385 Atlantic Llc $1,850,000
Previous Owner 385 Atlantic Llc $629,015
Previous Owner 385 Atlantic Llc $1,600,000
Previous Owner Schneider Joel A $160,000
Source: Public Records

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 $41,786 $877,500 $307,350 $570,150
2024 $41,786 $731,250 $307,350 $423,900
2023 $37,963 $749,700 $307,350 $442,350
2022 $35,060 $886,500 $307,350 $579,150
2021 $34,151 $709,200 $307,350 $401,850
2020 $16,595 $777,600 $307,350 $470,250
2019 $32,426 $783,900 $307,350 $476,550
2018 $31,101 $238,057 $110,307 $127,750
2017 $28,036 $220,424 $116,886 $103,538
2016 $27,608 $214,152 $125,227 $88,925
2015 $17,082 $211,685 $140,098 $71,587
2014 $17,082 $197,770 $111,083 $86,687
Source: Public Records

Map

New York Kings County New York 11217 Boerum Hill

385 Atlantic Ave, New York, NY

This home is located at 385 Atlantic Ave, New York, NY 11217 and is currently estimated at $5,702,261, approximately $1,005 per square foot. 385 Atlantic Ave is a home located in Kings County with nearby schools including P.S. 38 The Pacific School, A. Fantis School of Saints Constantine and Helen Cathedral, and Brooklyn Friends 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.

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