NOT LISTED FOR SALE

396 Franklin Ave Unit 1 Brooklyn, NY 11238

Bed-Stuy Neighborhood

Estimated Value: $1,416,000 - $1,672,412

2 Beds
2 Baths
1,291 Sq Ft
$518/mo HOA Fee

Last Sold January 28, 2022

Last sale price $1,415,000 $1,096 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,231/month

2,070 Days on Market

Highlights

  • Rooftop Deck
  • 5-minute walk to Franklin Avenue (A,C,S Line)
  • Intercom
  • Pre War Building
  • New Windows
  • Garden

About This Home

As of January 2022

Located on the border of vibrant Clinton Hill and Bed-Stuy, 396 Franklin Avenue is a beautifully renovated duplex in a boutique brownstone condo conversion. A private entrance leads to a spacious living and dining room with a charming mantel and custom built-in shelves. The recently updated eat-in kitchen features brand-new stainless steel appliances, tons of storage and counter space and direct access to the beautifully manicured private garden. Upstairs there are two large bedrooms with generous closet space and a luxurious bathroom. Enjoy low monthlies and real estate taxes, as well as an enormous private storage area in the basement. 396 Franklin Avenue offers the charm of brownstone living with the convenience of a condo, on a leafy block in a lively and diverse neighborhood. Being generously setback from the street, it affords a feeling of privacy without sacrificing proximity to the amenities of the neighborhood. 396 Franklin is easily accessible by the A,C, and G trains and is surrounded by cafes such as Locanda Vini e Olii, Sisters, Belli Osteria, and Speedy Romeo. With access to educational and cultural institutions such as Pratt University, the Brooklyn Museum, and BAM, as well as Fort Greene and Prospect Parks, Bed-Stuy has become a prime Brooklyn destination that embodies New York City's best qualities.

Last Agent to Sell the Property

Tamara Abir

Compass License #10401255506 Listed on: 09/06/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,368

Year Built

  • Built in 1899

Lot Details

  • Garden

HOA Fees

  • $518 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 1st floor

Interior Spaces

  • 1,291 Sq Ft Home
  • 4-Story Property
  • Gas Fireplace
  • New Windows
  • Intercom

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Legal Lot and Block 41 / 1985

Community Details

Overview

  • Franklin Gardens Condos
  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck
  • Community Garden

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,368

Year Built

Built in 1899

Lot Details

0

HOA Fees

$518 per month

Listing Details

  • Cross Street: Gates Avenue/Monroe Street
  • Exposures: East,West
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Living Area: 1291.0
  • Living Area Units: Square Feet
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Building Garden, Building Roof Deck, Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 518.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Building Name: Franklin Gardens
  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 1985
  • Tax Lot: 41
  • Tax Annual: 4368.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2021
Closed on
Jan 27, 2022
Sold by
Oliver Alexis and Wilkis Alan
Bought by
Errante Steven and Furman Kristen
Seller's Agent
Tamara Abir
Compass
List Price
$1,415,000
Sold Price
$1,415,000
Current Estimated Value
$1,573,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,853
Avg. Annual Appreciation
2.88%
Original Mortgage
$905,600
Outstanding Balance
$840,918
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$732,935

Purchase Details

Closed on
Jun 23, 2016
Sold by
Razam Allen
Bought by
Oliver Alexis and Wilkis Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,004,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 9, 2014
Closed on
Aug 21, 2014
Sold by
National Residential Nominee Services In
Bought by
Dubrovsky Razam Ilana and Razam Allen
Seller's Agent
Ria Browne
Compass
List Price
$900,000

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
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2011
Sold by
396-400 Franklin Condo Llc
Bought by
Matthews Jonathan F and Matthews Saara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.53%
Mortgage Type
Purchase Money Mortgage
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
Errante Steven $1,415,000 --
Oliver Alexis $1,300,000 --
Dubrovsky Razam Ilana $1,010,000 --
National Residential Nominee Services In $1,010,000 --
Matthews Jonathan F $590,585 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Errante Steven $905,600
Previous Owner Oliver Alexis $1,004,000
Previous Owner Dubrovsky Razam Ilana $575,000
Previous Owner Matthews Jonathan F $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/28/2022 01/28/22 Sold $1,415,000 0.0% $1,096 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $1,415,000 +57.2% $1,096 / Sq Ft
08/25/2014 08/25/14 Sold -- -- -- View Prior Sale
07/26/2014 07/26/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $900,000 -- $697 / 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 $5,506 $115,173 $9,008 $106,165
2024 $5,506 $95,962 $9,008 $86,954
2023 $5,403 $79,969 $9,008 $70,961
2022 $5,221 $78,593 $9,008 $69,585
2021 $4,847 $62,819 $9,008 $53,811
2020 $2,206 $60,991 $9,008 $51,983
2019 $4,273 $50,828 $9,008 $41,820
2018 $4,309 $33,878 $7,205 $26,673
2017 $3,956 $32,826 $7,861 $24,965
2016 $3,614 $30,395 $8,060 $22,335
2015 $3,360 $28,144 $8,949 $19,195
2014 $3,360 $26,060 $9,008 $17,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10753240

Real Estate Board of New York (REBNY)

APN: 01985-1001