NOT LISTED FOR SALE

420 Franklin Ave Unit 1 Brooklyn, NY 11238

Bed-Stuy Neighborhood

Estimated Value: $1,342,903 - $1,801,000

2 Beds
2 Baths
-- Sq Ft
$414/mo HOA Fee

Last Sold October 26, 2020

Last sale price $999,999

Est. 49% increase in value since last sale

Current estimated payment $8,849/month

73 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Franklin Avenue (A,C,S Line)
  • Cooling Available
  • Den
  • Intercom
  • 5-minute walk to John Hancock Playground

About This Home

As of October 2020

OPEN HOUSES ARE BY APPOINTMENT ONLY WITH REQUIRED PRE-REGISTRATION! to 420 Franklin Avenue, Apt.1, a sprawling, rarely available, 2 Bed 2 Bath garden-duplex with rec room, backyard & private entrance. Located on sunny, tree lined Franklin Avenue, one of the most coveted blocks on the border of Bed-Stuy and Clinton Hill, this remarkable duplex apartment has everything you dreamed of and more. If space is what you desire, you have found your perfect home! This exceptional, garden-apartment is appointed with approx. 1,472 square feet of interior space, flexible layout and immense open space. This apartment provides a serene place to come home to and wind down, especially when it comes to your own private 694 sf backyard. Upon entrance you are instantly greeted by an open airy layout of the living room, outfitted with wide-plank wood floors, running through the entire apartment. The chef?s open galley kitchen and dining area accentuated by classic off-white wood-cabinetry, white granite counter tops and stainless-steel appliances, allows for an easy alteration between living and dining, exemplifying the feel of unity with the rest of the apartment. The two bedrooms are separated from the rest of the apartment by a wide hallway, and lovingly tucked away in the back of the house. The generously proportioned Master bedroom, enhanced by an en-suite bathroom, ample closet space and access to a tranquil garden, creates a perfect sanctuary to retreat to after a long day of work. The second bedroom is outfitted with double closet, and plenty of room to accommodate all your bedroom essentials. The lower-lever of this unique garden-duplex, currently configured as a playroom, could easily accommodate a home office/work space, or be converted to entertainment space or private fitness room ? the possibilities are endless. On top of everything this exquisite duplex apartment has to offer, the unit is equipped with in-unit washer/dryer and storage. Located conveniently near Franklin A, C and Classon Avenue G-train stops, and in close proximity to Atlantic Avenue Terminal (2, 3, 4, 5, B, D, N, Q, R or LIRR) your commute to Union Square/lower Manhattan will be under 30 minutes. Besides being convenient to transportation, this gorgeous duplex condo is situated near some of the best restaurants and cafe's Clinton Hill and Bed-Stuy are known for. Restaurants as Black Swan, Peaches HotHouse, Locanda Vini & Olii, Speedy Romeo, Joloff, Scratch Bread as well as Daily Press Bed-Stuy, and Choice Cafe's are minutes away allowing you to have a global dining experience from Senegalese to Cuban, from French and Italian to Homey American-Southern cuisine.

Last Agent to Sell the Property

Chris Cavorti

Corcoran Group License #10301206385 Listed on: 06/16/2020

Corcoran Group

Co-Listed By

Evan Church

Corcoran Group License #30CH1028181

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,904

Year Built

  • Built in 1899

HOA Fees

  • $414 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 1st floor

Interior Spaces

  • 4-Story Property
  • Den
  • Intercom

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Garden
  • Cooling Available

Community Details

Overview

  • 4 Units
  • Bedford Stuyvesant Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,904

Year Built

Built in 1899

Lot Details

0

HOA Fees

$414 per month

Listing Details

  • Cross Street: Madison Street & Monroe Street
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • Entry Level: 1
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Den
  • Equipment (Other): Intercom
  • Dining Room Type: Den

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 414.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 100.0 x 20.0

Building Info

  • New Construction: No
  • Units: 4
  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Annual: 5904.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Oct 26, 2020
Sold by
Davis Matthew and Kaplan Mackenzie
Bought by
Katz Alexandra S and Kurland Benjamin E
Seller's Agent
Chris Cavorti
Corcoran Group
List Price
$1,100,000
Sold Price
$999,999
Premium/Discount to List
-$100,001
-9.09%
Current Estimated Value
$1,490,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,227
Avg. Annual Appreciation
8.31%
Original Mortgage
$799,999
Outstanding Balance
$710,259
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$779,967

Purchase Details

Listed on
Nov 3, 2017
Closed on
Apr 2, 2018
Sold by
Harbaugh Barry
Bought by
Davis Matthew and Kaplan Mackenzie
Seller's Agent
Vickey Barron
Compass
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.88%
Original Mortgage
$650,000
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 29, 2014
Closed on
Aug 18, 2014
Sold by
661 Lafayette Inc
Bought by
Harbaugh Barry and Lapidos Juliet
Seller's Agent
Alexander Maroni
Douglas Elliman Real Estate
List Price
$1,100,000
Sold Price
$859,000
Premium/Discount to List
-$241,000
-21.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$677,000
Interest Rate
4.12%
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
Katz Alexandra S $999,999 --
Davis Matthew $1,050,000 --
Harbaugh Barry $859,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katz Alexandra S $799,999
Previous Owner Davis Matthew $650,000
Previous Owner Harbaugh Barry $677,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2020 10/26/20 Sold $999,999 -9.1% --
08/24/2020 08/24/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $1,100,000 +4.8% --
04/02/2018 04/02/18 Sold $1,050,000 0.0% $713 / Sq Ft View Prior Sale
03/03/2018 03/03/18 Pending -- -- --
11/03/2017 11/03/17 For Sale $1,050,000 0.0% $713 / Sq Ft
09/08/2016 09/08/16 For Rent $4,200 +5.0% --
09/08/2016 09/08/16 Rented -- -- --
05/01/2015 05/01/15 For Rent $4,000 -99.5% --
05/01/2015 05/01/15 Rented -- -- --
08/19/2014 08/19/14 Sold $859,000 -21.9% $584 / Sq Ft View Prior Sale
07/20/2014 07/20/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $1,100,000 -- $747 / 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 $7,428 $125,152 $2,597 $122,555
2024 $7,428 $117,466 $2,597 $114,869
2023 $7,062 $97,889 $2,597 $95,292
2022 $6,522 $90,442 $2,550 $87,892
2021 $6,055 $90,488 $2,550 $87,938
2020 $2,756 $87,892 $2,550 $85,342
2019 $5,764 $81,899 $2,550 $79,349
2018 $0 $44,284 $1,654 $42,630
2016 $4,895 $37,967 $1,279 $36,688
2015 -- $35,155 $947 $34,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10638703

Real Estate Board of New York (REBNY)

APN: 01987-1001