NOT LISTED FOR SALE

Estimated Value: $2,562,000 - $5,705,915

-- Bed
-- Bath
3,824 Sq Ft
$1,075/Sq Ft Est. Value

Last Sold December 19, 2019

Last sale price $2,600,000 $680 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $23,630/month

22 Days on Market

Highlights

  • Rooftop Deck
  • P.S. 39 Henry Bristow Rated A
  • 3-minute walk to 7 Avenue (F,G Line)

About This Home

As of December 2019

Own a piece of history -- Extremely rare "Kinko" Building in Prime Park Slope!! Separate entrances create two private units -- a lower duplex over basement with 2 outdoor spaces and an upper Triplex featuring a "Sky Garden" -- Stunning!

As Italianate Brownstones were falling out of fashion or being converted to multi-families, developers looked for other designs. Home buyers looking for 2 family buildings had little options. The Mead Family, land owners sensing the need for a new building style, were afraid more upscale home buyers would balk at being separated by one thin door from someone of "lesser means", and therefor wouldn't purchase. They hired Mann & MacNeille Architects for a solution, and the "Kinko" house (named for the Mead's Kings and Westchester Land Company) was born.

400 9th Street is a prime example of this style.

Built in the Romanesque Revival/Queen Anne style, a treasure trove of period details and design awaits, all summed up on the main level of the lower duplex. Enter in and you see the open floorplan with views directly out to the back garden. Coffered ceilings, parquet flooring with Mahogany borders, and turned oak mantels with hand-tossed porcelain tiles are here. Up the center "winder" staircase is more of the same fine detail. The master bedroom will easily fit a King sized bed and has it's own antique mantel. The other bedrooms are ample sized, one leading to its own private sun deck.

The upper triplex is a prize, and you see if from the front door. The main living room has large windows and a French doors leading to a Juliet balcony, allowing light and air to fill the space. A formal dining room is here as well as the kitchen and rear parlor. The second level has the bedrooms, the Master featuring oversized windows so sunlight streams in. But the true prize is up one more flight -- off of the attic room is a "Sky Garden" with sweeping views of Lower Manhattan, the Statue of Liberty and Prospect Park -- truly amazing!

The location is sublime, everything that makes Park Slope a destination address is at your feet. World class dining (Colson's Patisserie is 7 doors down), transportation (the subway is 1/2 block away), entertainment (BAX Children's Theater is around the corner and Nighthawk Cinemas are near), and of course Prospect Park are all within a 5 block radius.

The phrase "rare gem" gets tossed around a lot, but in this case, it fits. 400 9th needs to be seen to be appreciated for its innovation of the time. Call for more info or a deeper history of the place.

For more history of Kinko houses and 400 9th Street written by historian Suzanne Spellen, please click here.

Last Agent to Sell the Property

John Mazurek

Douglas Elliman Real Estate License #10301207309 Listed on: 08/21/2019

Douglas Elliman Real Estate

Co-Listed By

Meghna Patel

Douglas Elliman Real Estate License #10401285584

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,340

Year Built

  • Built in 1901

Lot Details

  • 1,437

Listing and Financial Details

  • Legal Lot and Block 19 / 1012

Community Details

Overview

  • 2 Units
  • Parkslop Subdivision
  • 5-Story Property

Amenities

  • Rooftop Deck
  • Community Garden
  • Building Terrace
  • Courtyard

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,340

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: 7th ave
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: PARKSLOP
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Exterior Features

  • Exterior Features: Building Courtyard, Building Garden, Building Roof Deck
  • Patio/Porch Features: Building Terrace

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 5
  • Year Built: 1901

Tax Info

  • Tax Block: 1012
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Dec 19, 2019
Sold by
Estate Of Kathleen Patricia Vitiello
Bought by
400 9Th Street Llc
Seller's Agent
John Mazurek
Douglas Elliman Real Estate
List Price
$2,950,000
Sold Price
$2,600,000
Premium/Discount to List
-$350,000
-11.86%
Current Estimated Value
$4,110,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,510,229
Avg. Annual Appreciation
8.37%
Original Mortgage
$1,560,000
Outstanding Balance
$1,383,888
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,726,341
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
400 9Th Street Llc $2,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 400 9Th Street Llc $1,560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2019 12/19/19 Sold $2,600,000 -11.9% $680 / Sq Ft
09/15/2019 09/15/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $2,950,000 -- $771 / 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 $15,340 $283,140 $25,320 $257,820
2024 $15,340 $250,680 $25,320 $225,360
2023 $14,725 $253,740 $25,320 $228,420
2022 $11,775 $280,800 $25,320 $255,480
2021 $13,121 $273,720 $25,320 $248,400
2020 $13,121 $276,900 $25,320 $251,580
2019 $11,849 $230,460 $25,320 $205,140
2018 $10,877 $54,820 $8,072 $46,748
2017 $10,291 $51,955 $6,309 $45,646
2016 $10,076 $51,955 $7,690 $44,265
2015 $5,692 $51,258 $10,947 $40,311
2014 $5,692 $48,370 $10,655 $37,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10576874

Real Estate Board of New York (REBNY)

APN: 01012-0019