NOT LISTED FOR SALE

470 Classon Ave Brooklyn, NY 11238

Clinton Hill Neighborhood

Estimated Value: $3,015,000 - $3,606,555

6 Beds
6.5 Baths
3,040 Sq Ft
$1,053/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $2,860,000 $941 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $17,347/month

Highlights

  • Pre War Building
  • Balcony
  • 3-minute walk to Crispus Attucks Playground
  • Terrace
  • Building Terrace

About This Home

As of April 2022

470 Classon is a 3 Family building that went through a complete gut renovation in 2018. Apartment #1 consists of a duplex with 2 bedrooms and 2.5 bathrooms plus private outdoor space on each level. The 2nd and 3rd floor are both 2 bedrooms with 2 bathrooms. Each apartment has a washer/dryer as well. Currently, the building achieves $11,850 in monthly rental income. The building is located near the Classon G and Franklin A & C trains. More details coming soon.

Last Agent to Sell the Property

Giovanni Castro

Corcoran Group License #10301208531 Listed on: 04/23/2021

Corcoran Group

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,040 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Balcony
  • Terrace

Community Details

  • Bedford Stuyvesant Subdivision
  • Building Terrace

Listing and Financial Details

  • Legal Lot and Block 61 / 1984

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

2,004 Sq Ft Lot

Listing Details

  • Cross Street: Monroe Street/Madison Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Living Area: 3040.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Bathrooms Integer: 7
  • Bedrooms: 6

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Building Terrace, Terrace, Balcony

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 1984
  • Tax Lot: 61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Townhouse Rental Ii Llc
Bought by
Townhouse Rental Llc
Current Estimated Value
$3,199,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,979,094
Outstanding Balance
$76,590,675
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$73,391,036

Purchase Details

Listed on
Apr 23, 2021
Closed on
Apr 1, 2022
Sold by
470 Classon Ave Llc
Bought by
Townhouse Rental Ii Llc
Seller's Agent
Giovanni Castro
Corcoran Group
List Price
$3,200,000
Sold Price
$2,860,000
Premium/Discount to List
-$340,000
-10.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.87%

Purchase Details

Closed on
Feb 2, 2018
Sold by
Harper Hester M and Harper Maurice L
Bought by
470 Classon Ave Llc

Purchase Details

Closed on
Mar 15, 2017
Sold by
Harper Hester M
Bought by
Harper Hester M and Harper Maurice L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,500
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
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
Townhouse Rental Llc -- --
Townhouse Rental Ii Llc $2,860,000 --
470 Classon Ave Llc -- --
Harper Hester M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Townhouse Rental Llc $79,979,094
Previous Owner Harper Hester M $984,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $2,860,000 -10.6% $941 / Sq Ft
03/23/2022 03/23/22 For Sale $3,200,000 +11.9% $1,053 / Sq Ft
11/25/2021 11/25/21 Off Market $2,860,000 -- --
Source: Real Estate Board of New York (REBNY)

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 $8,387 $223,560 $32,820 $190,740
2024 $8,387 $176,580 $32,820 $143,760
2023 $8,437 $169,380 $32,820 $136,560
2022 $5,851 $148,140 $32,820 $115,320
2021 $7,919 $153,780 $32,820 $120,960
2019 $3,935 $128,940 $32,820 $96,120
2018 $3,786 $20,032 $5,311 $14,721
2017 $3,565 $18,958 $5,367 $13,591
2016 $3,277 $17,942 $5,640 $12,302
2015 $1,937 $16,968 $8,003 $8,965
2014 $1,937 $16,843 $9,535 $7,308
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Giovanni Castro

    Corcoran Group

    (917) 880-2047

    1 in this area

    13 Total Sales

    Giovanni Castro
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10766026

Real Estate Board of New York (REBNY)

APN: 01984-0061

New York Kings County Brooklyn 11238 Clinton Hill

470 Classon Ave, Brooklyn, NY

Not Listed for Sale

Detached

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