NOT LISTED FOR SALE

385 Cornelia St Brooklyn, NY 11237

Bushwick Neighborhood

Estimated Value: $1,276,000 - $1,809,000

5 Beds
2 Baths
2,200 Sq Ft
$722/Sq Ft Est. Value

Last Sold March 04, 2024

Last sale price $1,150,000 $523 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,756/month

10 Days on Market

About This Home

As of March 2024

Here is your opportunity to own a brick two family home on a tree lined street in Bushwick, Brooklyn. This lovely home built circa 1901 has a total of 2200 Square feet of living space on the first and second floors plus an additional 1000 square feet of extra space in the full basement. Currently the property has a 2 bedroom first floor apartment and a 3 bedroom second floor apartment however can be configured as needed. With the existing exterior brick finish, this home can be immaculate with tasteful interior renovations.

Last Agent to Sell the Property

Shameer Fazal

Keller Williams Landmark II Brokerage Phone: 347-846-1200 License #10491207122 Listed on: 11/27/2023

Keller Williams Landmark II

Last Buyer's Agent

Sandro Yanapa

Keller Williams Landmark II License #10401256472

Keller Williams Landmark II

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,050

Year Built

  • Built in 1901

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Two or More Common Walls

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • JHS 291 Roland Hayes Middle School
  • Bushwick Leaders Hs-Acad Excell High School

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 43 / 3379
  • Assessor Parcel Number 03379-0043

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,050

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Property Condition: Average
  • Levels: Two
  • Year Built: 1901
  • New Construction: No
  • Attribution Contact: 347-846-1200
  • BuildingSize: 20 x 55
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: Full, Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 2200
  • SquareFootage: 2200.00
  • SquareFootageSource: Municipality
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • SeparateHotwaterHeaterDetail: Yes

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 291 Roland Hayes

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Parcel Number: 03379-0043
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-12-04

Rental Info

  • Lease Considered: No
  • Available Date: 2024-02-10

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 6050
  • Tax Block: 3379
  • Tax Lot: 43
  • Tax Map Number: 03379-0043
  • IncludedInTaxes: Trash

MLS Schools

  • High School: Bushwick Leaders Hs-Acad Excell
  • Middle School District: Brooklyn 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Ppx Unlimited Llc
Bought by
385 Cornelia Llc
Current Estimated Value
$1,612,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$924,000
Outstanding Balance
$915,050
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$673,242

Purchase Details

Listed on
Nov 27, 2023
Closed on
Mar 1, 2024
Sold by
Eddie Concepcion As Trustee and The Narciso Concepcion And Angela Concep
Bought by
Ppx Unlimited Llc
Seller's Agent
Shameer Fazal
Keller Williams Landmark II
Buyer's Agent
Sandro Yanapa
Keller Williams Landmark II
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.52%
Original Mortgage
$575,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2014
Sold by
Concepcion Angela and Concepcion Narciso
Bought by
The Narciso Concepcion And Angela Concep
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Cornelia Llc $1,730,000 --
385 Cornelia Llc $1,730,000 --
Ppx Unlimited Llc $1,150,000 --
Ppx Unlimited Llc $1,150,000 --
Ppx Unlimited Llc $1,150,000 --
The Narciso Concepcion And Angela Concep -- --
The Narciso Concepcion And Angela Concep -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 385 Cornelia Llc $924,000
Closed 385 Cornelia Llc $924,000
Previous Owner Ppx Unlimited Llc $575,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2024 03/04/24 Sold $1,150,000 -4.1% $523 / Sq Ft
12/12/2023 12/12/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $1,199,000 -- $545 / Sq Ft
Source: OneKey® MLS

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 $2,408 $65,520 $9,060 $56,460
2024 $2,408 $62,640 $9,060 $53,580
2023 $2,366 $64,680 $9,060 $55,620
2022 $1,610 $58,680 $9,060 $49,620
2021 $2,298 $63,840 $9,060 $54,780
2020 $1,129 $54,480 $9,060 $45,420
2019 $2,093 $54,480 $9,060 $45,420
2018 $1,871 $24,825 $4,900 $19,925
2017 $1,741 $23,420 $7,291 $16,129
2016 $808 $22,095 $7,600 $14,495
2015 $692 $20,459 $8,441 $12,018
2014 $692 $18,944 $7,794 $11,150
Source: Public Records

Agents Affiliated with this Home

  • Shameer Fazal

    Seller's Agent in 2024

    Shameer Fazal

    Keller Williams Landmark II

    (917) 836-3283

    2 in this area

    55 Total Sales

    Shameer Fazal
    Section Image
  • Sandro Yanapa

    Buyer's Agent in 2024

    Sandro Yanapa

    Keller Williams Landmark II

    (917) 813-0621

    1 in this area

    19 Total Sales

    Sandro Yanapa
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3518367

OneKey® MLS

APN: 03379-0043

New York Kings County Brooklyn 11237 Bushwick

385 Cornelia St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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