NOT LISTED FOR SALE

385 Norstrand Ave Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $1,311,881

3 Beds
2 Baths
2,379 Sq Ft
$551/Sq Ft Est. Value

About This Home

This home is located at 385 Norstrand Ave, Brooklyn, NY 11216 and is currently priced at $1,311,881, approximately $551 per square foot. 385 Norstrand Ave 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
Dec 6, 2017
Sold by
385 Nostrand Llc
Bought by
Management Company 555 Llc
Current Estimated Value
$1,311,881

Purchase Details

Closed on
Sep 3, 2015
Sold by
Buckheit Esq Administrator Commissio and Estate Of Cecil Thompson
Bought by
385 Nostrand Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2002
Sold by
Hernandez Elaine
Bought by
Thompson Cecil

Purchase Details

Closed on
May 22, 1996
Sold by
Hernandez Elaine and Thompson Cecil
Bought by
Hernandez Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
7.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 1995
Sold by
Thompson Cecil
Bought by
Thompson Cecil and Hernandez Elaine
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
Management Company 555 Llc $1,120,000 --
Management Company 555 Llc $1,120,000 --
385 Nostrand Llc $1,060,000 --
385 Nostrand Llc $1,060,000 --
Thompson Cecil -- --
Thompson Cecil -- --
Hernandez Elaine -- --
Hernandez Elaine -- --
Thompson Cecil $25,000 --
Thompson Cecil -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Management Company 555 Llc $975,000
Previous Owner 385 Nostrand Llc $575,000
Previous Owner Thompson Cecil $74,881
Previous Owner Thompson Cecil $390,000
Previous Owner Hernandez Elaine $172,000
Previous Owner Hernandez Elaine $87,500
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 $5,175 $93,060 $8,820 $84,240
2024 $5,175 $73,500 $8,820 $64,680
2023 $5,036 $64,980 $8,820 $56,160
2022 $4,688 $51,000 $8,820 $42,180
2021 $4,663 $43,680 $8,820 $34,860
2020 $3,497 $36,000 $8,820 $27,180
2019 $3,079 $33,240 $8,820 $24,420
2018 $2,836 $13,912 $3,844 $10,068
2017 $2,678 $13,136 $3,893 $9,243
2016 $2,483 $12,420 $3,909 $8,511
2015 $1,495 $12,415 $4,691 $7,724
2014 $1,495 $12,265 $5,565 $6,700
Source: Public Records

Map

New York Kings County Brooklyn 11216 Bed-Stuy

385 Norstrand Ave, Brooklyn, NY

This home is located at 385 Norstrand Ave, Brooklyn, NY 11216 and is currently priced at $1,311,881, approximately $551 per square foot. 385 Norstrand Ave 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.

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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