NOT LISTED FOR SALE

Estimated Value: $1,724,000 - $2,927,000

8 Beds
4 Baths
2,560 Sq Ft
$883/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $2,645,000 $1,033 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $12,936/month

80 Days on Market

About This Home

As of June 2018

Showing By Appointment. Perfectly renovated from top to bottom! This two-family, 20 foot wide x 64 foot deep fully detached house with parking is absolutely gorgeous. And its huge: more than 4400 sq. ft. spread over four floors. Its essentially two-houses-in-one. The lower unit has 4 bedrooms, 2.5 baths, the largest rec. room youve ever seen (big enough to learn how to ride a bike) and a huge back-yard. The upper unit also has 4 bedrooms, 2 baths and an extremely charming attic with nine dormers. The living/dining/kitchen space is 20 feet wide with eleven windows on three exposures looking over Ginko trees. Its an exceptional, unique space with superb light. Each unit has its own entrance and stoop. Either apartment would provide rental income of approximately $5000/month (covering approx. $1M of the mortgage). It could also be easily converted to a one-family house. Thinking of this as an investment? 4% CAP rate for a house that will be sound for decades.The boutique developer has an excellent track record of several beautiful homes in Kensington that have performed very well post-sale. This is not a fly-by-night developer - he and his family live in the neighborhood (only a few blocks away) and are not only neighbors but friends with folks theyve sold houses to. With an eye for detail, the developer has created a visually stunning home, but also spared no expense on the invisible things within the house. No half-measure mechanical updates here: the plumbing, electrical, structural and heating and cooling systems are entirely new, done by highly reputable contractors. Central heating and cooling to the four floors are provided by four high-efficiency central furnaces with chillers powered by Nest thermostats. The house has been fully insulated to save money and energy with state-of-the-art air and vapour barriers. The roof, energy-star windows and doors are all new. The siding of the house is HardiPlank, a high-end cement-board that looks like old-style clapboard but will last for decades, requiring no maintenance. Sound insulation was installed between the two units with double sheetrock suspended on isolation clips to further reduce sound transfer. Thoroughly renovated houses of this quality rarely come on the market. (Dont be fooled by houses that look updated but have ancient mechanicals or have had poor work done.) Other luxurious new additions to the house include Carrara kitchen counters, herringbone tile backsplash, marble bathrooms, gorgeous brass and glass light fixtures, built-in closets, new rift and quarter-sawn white oak flooring, all designed with great style. Appliances are Bosch, Fisher Paykel, and Bertazzoni. Each unit has washer/dryer already installed. Renovations of this quality are not often available. Make this house yours. Park in your own driveway. Bask in the light from so many windows. Rest assured your house is well built. The house has easy access to many restaurants/bars/shops in Kensington and Windsor Terrace. Close to Carnival, Brancaccios, Hamiltons, Sawasde Thai, Church Bar, Steeplechase Coffee, Der Pioneer, Hinterlands, Gilded Grape, Werkstatt, Hunger Pang, Lark, Wheated, and more. A quick bike ride to the Parade Grounds (soccer, baseball), Tennis Center, and Prospect Park. Convenient to the F/G trains (Church Ave)

Last Agent to Sell the Property

Leah Solomon

Compass License #10401247798 Listed on: 03/09/2018

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Community Details

  • 2 Units
  • Kensington Subdivision

Listing and Financial Details

  • Tax Block 5356

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Kensington
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 8

Building Info

  • Units: 2
  • Year Built: 1930

Tax Info

  • Tax Block: 5356

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2019
Sold by
Liou Mendy
Bought by
M Liou Living Trust
Current Estimated Value
$2,260,536

Purchase Details

Listed on
Mar 9, 2018
Closed on
Jun 28, 2018
Sold by
Lugosi 700 Llc
Bought by
Beck Eunice and Beck Peter
Seller's Agent
Leah Solomon
Compass
List Price
$2,645,000
Sold Price
$2,645,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.07%
Original Mortgage
$1,450,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 16, 2016
Sold by
Crefin Thomas A
Bought by
Lugosi 700 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,500
Interest Rate
3.66%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
M Liou Living Trust -- --
Beck Eunice $2,600,000 --
Lugosi 700 Llc $1,075,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beck Eunice $1,450,000
Previous Owner Lugosi 700 Llc $752,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2018 06/28/18 Sold $2,645,000 0.0% $1,033 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $2,645,000 -- $1,033 / 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 $12,684 $119,880 $26,220 $93,660
2024 $12,684 $94,680 $26,220 $68,460
2023 $12,099 $97,200 $26,220 $70,980
2022 $11,269 $93,360 $26,220 $67,140
2021 $11,539 $98,460 $26,220 $72,240
2020 $8,654 $69,540 $26,220 $43,320
2019 $11,258 $69,540 $26,220 $43,320
2017 $7,000 $34,338 $15,862 $18,476
2016 $6,286 $32,992 $15,861 $17,131
2015 $3,687 $32,992 $21,306 $11,686
2014 $3,687 $32,149 $18,718 $13,431
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10473895

Real Estate Board of New York (REBNY)

APN: 05356-0068