NOT LISTED FOR SALE

Estimated Value: $2,023,000 - $2,759,000

4 Beds
4 Baths
1,258 Sq Ft
1,786 Sq Ft Lot

Last Sold April 29, 2021

Last sale price $1,975,000 $1,570 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $13,487/month

106 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to Franklin Avenue (A,C,S Line)
  • 3-minute walk to John Hancock Playground

About This Home

As of April 2021

Welcome to 445 Franklin Ave., a stunning blend of old world & contemporary all in one picturesque 3 Family Townhouse. The property features an expansive layout and exquisite design, idyllic for relaxation and spectacular entertaining. Currently configured as a meticulously renovated owner?s triplex residence plus 2 rental units. The triplex consists of an immense two-bedroom, two-bath with additional recreational, storage & laundry rooms at the lower level; and rear adjacent, ground-floor patio and private backyard, perfect for working from home, entertaining and summer garden parties. The two 1-bedroom 1-bath rental units have their own private entrance. This rare three-unit set up offers comfortable living and significant rental income for the next homeowner!



Enter the foyer landing, with an inviting mud room, where a staircase with carved wooden-railing leads down to the media/game room or up to the bedroom level. The main level of this gorgeous house is appointed with a great room, enhanced by exposed brick walls, sitting area with a gas fireplace and dining area. The contemporary gourmet kitchen, enriched by blue and white cabinetry, high-end stainless-steel appliances and large wood butcher-block island, and lots of sunlight creates an ideal space to prep dinners or host small gatherings. Indoor/Outdoor living blends seamlessly from the kitchen, the backdoor opens onto a stone-built patio with barbecue and outdoor seating, accompanied by a dining table and chairs, leading to the elevated grassy area of the garden.



From the entry, stairs lead up to a second floor with the Master Bedroom retreat, appointed with high ceiling, wide-plank oakwood flooring that flows throughout the unit, a wall of reclaimed wood-paneling and ample double closets, providing the room with impressive allure and functionality at the same time. The second bedroom is equally as large and inviting facing the rear yard and patio, The exquisitely detailed bathrooms featuring white subway-tiles, marble floor tiles and sleek modern finishes exemplify the feel of unity with the rest of the apartment. Additional features commercial grade internet cat5E wiring for those work from home days.

Two identical 1 bed rentals with ample bedroom and living space boasts multiple exposures, hardwood flooring, excellent light and open kitchen living room layout with ample space for a home office. 2nd floor apartment is equipped with washer/dryer.



The property sits on 20? x 90? lot with approximate built-size of 3,424 SF plus 850 SF rec room. There is an estimated additional 1,980 SF FAR remaining for any future additions. All units have split heating and cooling systems for added efficiency and quite enjoyment.. Featuring gated area, exterior cellar access, sprinklered hallways, cat 5 wiring and additional FAR for the future expansion.



Located conveniently near Franklin A, C, S 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 Manhattan will be under 30 minutes.

Last Agent to Sell the Property

Chris Cavorti

Corcoran Group License #10301206385 Listed on: 09/24/2020

Corcoran Group

Co-Listed By

Evan Church

Corcoran Group License #30CH1028181

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,138

Lot Details

  • 1,786

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,138

Lot Details

0

Listing Details

  • Cross Street: Putnam Avenue/Madison Street
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Rooms (Total): 7

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Apr 29, 2021
Sold by
Ortiz Nayantara R and Ortiz Peter
Bought by
Liptack Robert Jeffrey and Luu Tran Nguyen
Seller's Agent
Chris Cavorti
Corcoran Group
List Price
$2,299,000
Sold Price
$1,975,000
Premium/Discount to List
-$324,000
-14.09%
Current Estimated Value
$2,454,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,536
Avg. Annual Appreciation
4.98%
Original Mortgage
$997,375
Outstanding Balance
$903,871
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,550,665

Purchase Details

Closed on
May 14, 2013
Sold by
Powers Ada Mae
Bought by
Ortiz Nayantara R and Ortiz Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,225
Interest Rate
3.43%
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
Liptack Robert Jeffrey $1,975,000 --
Ortiz Nayantara R $995,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liptack Robert Jeffrey $997,375
Previous Owner Ortiz Nayantara R $885,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2021 04/29/21 Sold $1,975,000 -14.1% $1,570 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
09/02/2020 09/02/20 For Sale $2,299,000 -- $1,828 / 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 $6,138 $123,120 $20,100 $103,020
2024 $6,138 $97,260 $20,100 $77,160
2023 $6,082 $85,980 $20,100 $65,880
2022 $5,688 $70,380 $20,100 $50,280
2021 $3,263 $58,320 $20,100 $38,220
2020 $1,622 $58,980 $20,100 $38,880
2019 $3,225 $55,500 $20,100 $35,400
2018 $2,741 $14,907 $5,624 $9,283
2017 $2,642 $14,431 $5,810 $8,621
2016 $1,212 $7,612 $3,168 $4,444
2015 $697 $7,612 $3,563 $4,049
2014 $697 $7,538 $4,231 $3,307
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10670320

Real Estate Board of New York (REBNY)

APN: 01990-0005