NOT LISTED FOR SALE

397 State St Brooklyn, NY 11217

Boerum Hill Neighborhood

Estimated Value: $1,921,000 - $3,670,964

7 Beds
5 Baths
2,488 Sq Ft
$1,081/Sq Ft Est. Value

Last Sold April 06, 2022

Last sale price $1,478,000 $594 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $14,757/month

155 Days on Market

About This Home

As of April 2022

Excellent Brick Townhouse classified by New York City Department of Finance as a 2 family with an HPD I-Card stating Single family with 7 room SRO, please verify information with your attorney and/or architect. This buiding is perfectly positioned in the coveted Boerum Hill section of Brooklyn. Ready for an End-User, Developer or Investor. 397 State St is located in the heart of everything that Brooklyn has to offer. The list includes the following: the Barclays Center, Brooklyn Academy of Music, Dekalb Market, LIU Brooklyn, Atlantic Terminal, Restaurants, Bars, Parks. There is approximately 1735sqft of additional Air Rights that can be used to for New Construction, Condo Conversion or an Addition to the existing building.https://www.dos.ny.gov/licensing/docs/FairHousingNotice_new.pdf

Last Agent to Sell the Property

Sal Joseph Crifasi

Crifasi Real Estate Inc License #10301205163 Listed on: 08/29/2020

Last Buyer's Agent

Sal Joseph Crifasi

Crifasi Real Estate Inc License #10301205163 Listed on: 08/29/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,167

Year Built

  • Built in 1940

Lot Details

  • 2,115 Sq Ft Lot
  • Lot Dimensions are 18x117.5
  • Two or More Common Walls

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms

Listing and Financial Details

  • Legal Lot and Block 54 / 172
  • Assessor Parcel Number 00172-0054

Community Details

Overview

  • 8 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,167

Year Built

Built in 1940

Lot Details

2,115 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Building Size: 18 x 36
  • Year Built: 1940
  • New Construction: No
  • Attribution Contact: 718-782-4411
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: Full, Unfinished
  • Total Bedrooms: 7
  • Kitchens: 2

Exterior Features

  • Construction Materials: Brick
  • Flood Zone Report: No

Garage/Parking

  • Attached Garage: No
  • Garage: No

Utilities

  • Sewer: Public Sewer

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Dimensions: 18x117.5
  • Lot Size Sq Ft: 2115.00
  • Lot Size Units: Acres
  • Parcel Number: 00172-0054
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-04-06
  • Included in Taxes: Sewer, Trash, Water
  • Tax Annual Amount: 8167.00
  • Tax Block: 172
  • Tax Lot: 54
  • Tax Map Number: 00172-0054

Multi Family

  • Units Total: 8
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • Middle School District: Brooklyn 15

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2020
Closed on
Apr 6, 2022
Sold by
Richter Karen I
Bought by
Freedman Elizabeth and Rifis Justin
Seller's Agent
Sal Joseph Crifasi
Crifasi Real Estate Inc
Buyer's Agent
Sal Joseph Crifasi
Crifasi Real Estate Inc
List Price
$2,325,000
Sold Price
$1,478,000
Premium/Discount to List
-$847,000
-36.43%
Current Estimated Value
$2,689,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,211,655
Avg. Annual Appreciation
16.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Freedman Elizabeth $1,478,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2022 04/06/22 Sold $1,478,000 -7.6% $594 / Sq Ft
01/31/2021 01/31/21 Pending -- -- --
09/22/2020 09/22/20 Price Changed $1,600,000 -31.2% $643 / Sq Ft
08/29/2020 08/29/20 For Sale $2,325,000 -- $934 / 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 $9,153 $176,700 $35,520 $141,180
2024 $9,153 $168,900 $35,520 $133,380
2023 $8,732 $175,920 $37,020 $138,900
2022 $8,296 $171,420 $37,020 $134,400
2021 $8,626 $187,980 $37,020 $150,960
2019 $7,652 $191,520 $37,020 $154,500
2018 $7,006 $35,830 $5,983 $29,847
2017 $7,004 $35,830 $6,445 $29,385
2016 $6,792 $35,524 $7,870 $27,654
2015 $2,515 $33,516 $10,102 $23,414
2014 $2,515 $31,648 $11,445 $20,203
Source: Public Records

Agents Affiliated with this Home

  • Sal Joseph Crifasi

    Seller's Agent in 2022

    Sal Joseph Crifasi

    Crifasi Real Estate Inc

    (718) 908-4223

    2 in this area

    88 Total Sales

    Sal Joseph Crifasi
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Map

Source: OneKey® MLS

MLS Number: KEY3247456

OneKey® MLS

APN: 00172-0054

New York Kings County Brooklyn 11217 Boerum Hill

397 State St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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