NOT LISTED FOR SALE

385 Gates Ave Unit Building Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $3,091,859 - $4,892,000

-- Bed
-- Bath
3,925 Sq Ft
$946/Sq Ft Est. Value

About This Home

This home is located at 385 Gates Ave Unit Building, Brooklyn, NY 11216 and is currently estimated at $3,713,465, approximately $946 per square foot. 385 Gates Ave Unit Building is a home located in Kings County with nearby schools including P.S. 305 Dr. Peter Ray, Brooklyn East Collegiate Charter School, and Brooklyn Academy High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2020
Sold by
Gates Group Llc
Bought by
Bernard Browne Russell and Browne Maria
Current Estimated Value
$3,713,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,480,000
Outstanding Balance
$2,200,853
Interest Rate
3.72%
Mortgage Type
Unknown
Estimated Equity
$1,512,612

Purchase Details

Closed on
Oct 21, 2015
Sold by
Onuoha Anagha
Bought by
Gates Group Llc

Purchase Details

Closed on
Apr 15, 2002
Sold by
Emeka Joe and Gunn Nelson
Bought by
Onuoha Anagha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
6.2%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Bernard Browne Russell $3,100,000 --
Gates Group Llc $575,000 --
Onuoha Anagha -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bernard Browne Russell $2,480,000
Previous Owner Onuoha Anagha $247,200
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 $11,743 $210,720 $14,160 $196,560
2024 $11,743 $176,640 $14,160 $162,480
2023 $11,202 $156,120 $14,160 $141,960
2022 $10,897 $147,900 $14,160 $133,740
2021 $11,374 $114,180 $14,160 $100,020
2020 $8,531 $115,500 $14,160 $101,340
2019 $9,284 $105,960 $14,160 $91,800
2018 $1,771 $8,686 $1,712 $6,974
2017 $1,674 $8,210 $2,553 $5,657
2016 $1,551 $7,761 $3,259 $4,502
2015 $934 $7,761 $2,313 $5,448
2014 $934 $7,663 $2,740 $4,923
Source: Public Records

Map

New York Kings County Brooklyn 11216 Bed-Stuy

385 Gates Ave Unit Building, Brooklyn, NY

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