NOT LISTED FOR SALE

Estimated Value: $1,540,981 - $2,165,000

3 Beds
2 Baths
2,240 Sq Ft
$870/Sq Ft Est. Value

Last Sold October 08, 2020

Last sale price $2,350,000 $1,049 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $10,638/month

3,128 Days on Market

Highlights

  • Pre War Building
  • Building Patio
  • Garden
  • Intercom
  • Patio
  • Heating System Uses Natural Gas

About This Home

As of October 2020

Beautifully renovated, legal two family configured as a single family, on a quiet one way street on Clinton Hill Border. Extra-wide sidewalks, a sunny backyard with a 160 year old wild cherry oak tree providing the perfect shade, lots of built-in storage and a self-sustaining living wall purifying the air? Did we mention the house was featured in both The New York Times and Brownstoner?
In the middle of one of the best blocks in Brooklyn, 40 Monroe stands out. Newly renovated in the last two years, with high end fixtures and appliances, this quaint Brooklyn townhome combines traditional and modern design in a magical way.
Going up the stairs to the parlor floor you will notice the large original, glass doors that separate the outside world from your private enclave.
Once inside, the soundproof windows and exposed brick will catch your eye, before you soon notice the tall ceilings and wide plank hardwood flooring. An open living area combines with the dining area, leaving more than enough room for entertaining and dining. A built-in fully self-sustainable ivy wall, complements the living space, bringing the outside in.
A few steps to the back of the house, and there is a large sunny kitchen with beautiful stainless steel Miele appliances and slow closing drawers. Large double porcelain sink and ample counter space make preparing food a breeze. Large custom built bench and table with striking Tom Dixon fixtures overhead line the dining area. Like having dinners outside or a morning coffee? A huge steel deck takes you to your own incredibly large yard, with steps down to a tiled and grassed area for all your outdoor adventures. Half of the outdoor area is paved, and the other half has high end syn-lawn down for soft landings off the swing set. A custom built in planting wall and custom outdoor lighting complete the yard.

Back inside, come along downstairs through a full wall of glass doors (where the former second unit resided) and there is a beautifully renovated bathroom with high end fixtures, and an open living area with beautiful built-ins. One more flight down and there is a large basement with washer/dryer, second fridge, and built in storage. Split system air conditioning and heating throughout each room of the house.
The top floor boasts two large sunny, bedrooms, linen closet and a tiled bathroom with bathtub. A skylight over the staircase floods the landing with natural daylight. Access to the roof from the third floor.
Need even more space? 1,600sqft of buildable footage can be added to both the top and the back of the house.
Located just three blocks to the subway, around the block from amazing places Like Speedy Romeo, Clementine, Hart's and the Fly. 40 Monroe is an ideal place to set some roots.

Last Agent to Sell the Property

Alex Heydt

Serhant License #10401208251 Listed on: 07/31/2020

Serhant

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 17.0 x 100.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 2,240 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Heating System Uses Natural Gas

Community Details

  • Bedford Stuyvesant Subdivision
  • Building Patio
  • Water Sewer Expense $1,200

Listing and Financial Details

  • Legal Lot and Block 30 / 1987

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Classon Avenue/Franklin Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 2240.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Natural Gas, Natural Gas
  • Heating: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Lot Info

  • Lot Size Dimensions: 17.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1987
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Oct 8, 2020
Sold by
Caiozzo Deanna and Caiozzo Paul
Bought by
Abu-Ghaida Ghassan
Seller's Agent
Alex Heydt
Serhant
List Price
$2,350,000
Sold Price
$2,350,000
Current Estimated Value
$1,947,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$402,255
Avg. Annual Appreciation
-3.50%
Original Mortgage
$1,505,000
Outstanding Balance
$1,330,038
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$617,708

Purchase Details

Closed on
Oct 29, 2015
Sold by
Our Island Property Management Inc and Petrosino
Bought by
Caiozzo Deanna and Caiozzo Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2012
Sold by
Davis Velma
Bought by
Petrosino Louis

Purchase Details

Closed on
Dec 26, 2006
Sold by
Hayes Esq As Referee Pamela
Bought by
Davis Velma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
6.18%

Purchase Details

Closed on
Mar 26, 2004
Sold by
Aby Holdings
Bought by
Alston Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2004
Sold by
Billups Lakema and Johnson Allah-Jamel
Bought by
Aby Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage
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
Abu-Ghaida Ghassan $2,350,000 --
Abu-Ghaida Ghassan $2,350,000 --
Caiozzo Deanna $1,650,000 --
Our Island Property Management Inc -- --
Caiozzo Deanna $1,650,000 --
Our Island Property Management Inc -- --
Petrosino Louis $280,000 --
Petrosino Louis $280,000 --
Davis Velma $580,000 --
Davis Velma $580,000 --
Alston Kenneth $335,000 --
Alston Kenneth $335,000 --
Uket Karen $620,000 --
Aby Holdings Inc $150,000 --
Aby Holdings Inc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abu-Ghaida Ghassan $1,505,000
Closed Abu-Ghaida Ghassan $1,505,000
Previous Owner Caiozzo Deanna $1,320,000
Previous Owner Davis Velma $134,000
Previous Owner Davis Velma $536,000
Previous Owner Uket Karen $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2020 10/08/20 Sold $2,350,000 0.0% $1,049 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
02/02/2012 02/02/12 For Sale $2,350,000 -- $1,049 / 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 $5,438 $98,340 $18,540 $79,800
2024 $5,438 $115,680 $18,540 $97,140
2023 $5,363 $138,120 $18,540 $119,580
2022 $4,720 $117,240 $18,540 $98,700
2021 $4,946 $96,000 $18,540 $77,460
2020 $2,360 $93,360 $18,540 $74,820
2019 $4,720 $78,660 $18,540 $60,120
2018 $4,569 $22,413 $4,257 $18,156
2017 $4,392 $21,546 $6,457 $15,089
2016 $2,793 $13,971 $5,556 $8,415
2015 $1,685 $13,186 $7,876 $5,310
2014 $1,685 $13,186 $9,458 $3,728
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10839008

Real Estate Board of New York (REBNY)

APN: 01987-0030