NOT LISTED FOR SALE

505 Monroe St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,304,000 - $2,399,000

4 Beds
3 Baths
2,301 Sq Ft
$742/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $1,210,000 $526 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $9,160/month

About This Home

As of July 2024

Nestled in the middle of a beautiful Brownstone street, 505A Monroe is a 3 story townhouse that has been in the same family for generations.
It features a lower duplex and a floor through rental, both replete with original wainscotting, pocket doors, moldings and fireplace surrounds.

Last Agent to Sell the Property

Emma James

Corcoran Group License #10401293345 Listed on: 04/17/2024

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,888

Year Built

  • Built in 1899

Lot Details

  • 1,900 Sq Ft Lot
  • Lot Dimensions are 100.00x19.00

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling

Community Details

  • 2 Units
  • Stuyvesant Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 0058 / 01634

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,888

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Stuyvesant Heights
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Features: Smoke Free
  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 4

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1900.0
  • Lot Size Dimensions: 100.00x19.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1899

Tax Info

  • Tax Block: 01634
  • Tax Lot: 0058
  • Tax Annual: 3888.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
Jul 28, 2020
Sold by
Hofmann Georgina
Bought by
Bew 2018 Gift Trust U/A Dtd /2018 and Peter Patrick Beathard, Trustee
Seller's Agent
Darnell Thornton
Brown Harris Stevens Brooklyn LLC
List Price
$1,500,000
Sold Price
$1,500,000
Current Estimated Value
$1,706,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,716
Avg. Annual Appreciation
2.38%

Purchase Details

Closed on
Sep 30, 2015
Sold by
Heyward Edna
Bought by
Hofmann Georgina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Interest Rate
3.95%

Purchase Details

Closed on
May 29, 2007
Sold by
E & D Holdings Corp
Bought by
Bbm 107 Llc
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
Bew 2018 Gift Trust U/A Dtd /2018 $1,400,000 --
Hofmann Georgina $910,000 --
Bbm 107 Llc $875,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hofmann Georgina $682,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2024 08/10/24 Price Changed $1,210,000 0.0% $526 / Sq Ft
07/25/2024 07/25/24 Sold $1,210,000 +0.8% $526 / Sq Ft
04/18/2024 04/18/24 For Sale $1,200,000 -20.0% $522 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
07/30/2020 07/30/20 Sold $1,500,000 0.0% $652 / Sq Ft View Prior Sale
06/30/2020 06/30/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $1,500,000 -- $652 / 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 $3,886 $89,160 $20,040 $69,120
2024 $3,886 $77,400 $20,040 $57,360
2023 $3,929 $81,120 $20,040 $61,080
2022 $3,631 $76,260 $20,040 $56,220
2021 $3,808 $67,320 $20,040 $47,280
2020 $2,690 $81,660 $20,040 $61,620
2019 $3,373 $85,980 $20,040 $65,940
2018 $3,287 $16,123 $4,913 $11,210
2017 $3,256 $15,972 $5,194 $10,778
2016 $3,014 $15,078 $6,618 $8,460
2015 $1,598 $14,230 $9,360 $4,870
2014 $1,598 $13,436 $10,606 $2,830
Source: Public Records

Agents Affiliated with this Home

  • Emma James

    Seller's Agent in 2024

    Emma James

    Corcoran Group

    (646) 283-1303

    21 in this area

    37 Total Sales

    Emma James
    Section Image

  • D

    Seller's Agent in 2020

    Darnell Thornton

    Brown Harris Stevens Brooklyn LLC

    (646) 345-2382

    3 in this area

    13 Total Sales

    Darnell Thornton
    Section Image
  • Isaiah Ajala

    Seller Co-Listing Agent in 2020

    Isaiah Ajala

    Brown Harris Stevens Brooklyn LLC

    (917) 603-6897

    4 in this area

    16 Total Sales

    Isaiah Ajala
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10949736

Real Estate Board of New York (REBNY)

APN: 01634-0059

New York Kings County Brooklyn 11221 Bed-Stuy

505 Monroe St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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