NOT LISTED FOR SALE

Estimated Value: $3,162,000 - $3,910,995

5 Beds
3.5 Baths
1,662 Sq Ft
$2,071/Sq Ft Est. Value

Last Sold May 19, 2022

Last sale price $1,900,000 $1,143 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $18,675/month

14 Days on Market

About This Home

As of May 2022

ACCEPTED OFFER



RARE DEVELOPMENT FIND: 473 Union is a 16.25' wide home in a great location where the historic neighborhoods of Carroll Gardens, Boerum Hill, and Gowanus converge. This beautiful brick house has been gutted to a shell, its current state - You need only bring an architect, and your imagination to transform it into the home of your dreams.



The listing photos are renderings based on the approved architectural plans. Approved architectural plans conceive of a 5BR home with three full baths, and two half baths. The plans show an expansive living room opening to a large and bright kitchen with a center island, and tons of counter and cabinet space. The plans also feature five generously sized bedrooms including a primary bedroom with a large walk-in closet, an en-suite spa like bath with a double vanity, and a finished basement with a laundry room, and half bath.



Best of all, your Brooklyn masterpiece will feature one of the borough's most coveted amenities: private outdoor space. The plans for 473 Union incorporate a deck off the kitchen which lets out into the rear garden, creating a seamless flow between indoors and outdoors, ideal for entertaining. In addition, the plans incorporate a roof level, intended to be adorned with a skylight, walled perimeter and pavers to create your very own rooftop garden, outdoor kitchen, or anything else you can imagine.



Situated on a lovely tree lined block with easy access to transportation, an enormous Whole Foods, and the delightful restaurants, shopping, ice cream parlors, and cafes Brooklyn is known for life at 473 Union Street will put you in the center of it all in one of Brooklyn's most charming locations. Development opportunities such as this are in high demand and short supply so reach out today to schedule an appointment.

Last Agent to Sell the Property

Randy Baruh

Compass License #10301204306 Listed on: 02/28/2022

Compass

Co-Listed By

Christine Calvo

Serhant License #10401269213

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,990

Lot Details

  • 1,220

Interior Spaces

  • 1-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 5 Bedrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,990

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Washer Dryer Allowed
  • Rooms (Total): 9

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Building Info

  • Units: 1
  • Total Stories: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
May 19, 2022
Sold by
Svartz Mark
Bought by
473 Union Owner Llc
Seller's Agent
Randy Baruh
Compass
List Price
$1,675,000
Sold Price
$1,900,000
Premium/Discount to List
$225,000
13.43%
Current Estimated Value
$3,441,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,541,749
Avg. Annual Appreciation
17.11%
Original Mortgage
$1,024,350
Outstanding Balance
$974,637
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,245,344

Purchase Details

Closed on
Jul 12, 2012
Sold by
Maraio Sal
Bought by
Svartz Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$681,725
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2002
Sold by
Pecoraino Denise and Pecoraino Thomas
Bought by
Maraio Sal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2000
Sold by
Pecoraino Denise and Gregg Eileen
Bought by
Pecoraino Denise and Pecoraino Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,800
Interest Rate
7.81%

Purchase Details

Closed on
Apr 24, 1997
Sold by
Colon Nelson
Bought by
Pecoraino Denise and Gregg Eileen
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
473 Union Owner Llc $1,900,000 --
473 Union Owner Llc $1,900,000 --
Svartz Mark $785,000 --
Svartz Mark $785,000 --
Maraio Sal -- --
Maraio Sal -- --
Pecoraino Denise -- --
Pecoraino Denise -- --
Pecoraino Denise $175,000 Commonwealth Land Title Ins
Pecoraino Denise $175,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 473 Union Owner Llc $379,650
Open 473 Union Owner Llc $1,024,350
Closed 473 Union Owner Llc $828,274
Closed 473 Union Owner Llc $1,024,350
Previous Owner Svartz Mark $252,774
Previous Owner Svartz Mark $681,725
Previous Owner Maraio Sal $0
Previous Owner Maraio Sal $288,000
Previous Owner Pecoraino Denise $295,800
Previous Owner Pecoraino Denise $50,000
Previous Owner Pecoraino Denise $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2022 05/19/22 Sold $1,900,000 +13.4% $1,143 / Sq Ft
02/28/2022 02/28/22 For Sale $1,675,000 -- $1,008 / 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 $5,990 $219,120 $51,180 $167,940
2024 $5,990 $191,280 $51,180 $140,100
2023 $4,802 $100,080 $51,180 $48,900
2022 $3,511 $81,900 $51,180 $30,720
2021 $4,655 $76,140 $51,180 $24,960
2020 $2,183 $77,040 $51,180 $25,860
2019 $4,122 $72,480 $51,180 $21,300
2018 $4,017 $19,704 $13,913 $5,791
2017 $4,679 $22,951 $11,245 $11,706
2016 $3,685 $18,433 $4,856 $13,577
2015 $2,223 $17,391 $6,874 $10,517
2014 $2,223 $16,420 $6,490 $9,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10772601

Real Estate Board of New York (REBNY)

APN: 00430-0048