NOT LISTED FOR SALE

Estimated Value: $5,397,614 - $7,028,000

6 Beds
4.5 Baths
4,610 Sq Ft
$1,412/Sq Ft Est. Value

Last Sold July 30, 2018

Last sale price $5,395,000 $1,170 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $36,721/month

100 Days on Market

Highlights

  • Pre War Building
  • Eat-In Kitchen
  • Central Air
  • P.S. 321 William Penn Rated A
  • Garden

About This Home

As of July 2018

542 1st StreetOn one of Park Slopes most fabled blocks, just strides from glorious Prospect Park you'll find 542 1st Street, a thoughtfully restored and renovated 4 story limestone. Sophisticated modern amenities are seamlessly combined with the historic charm and elegance of this light and airy mansion. Built at the turn of the century this 20-foot-wide, 4,600 plus square foot, 4 story home boasts 6 bedrooms, 4 full bathrooms, 1 powder room, 2 wood-burning fireplaces, a two story extension complete with custom chef's kitchen, a private planted garden, and a fully finished lower level retreat complete with guest suite. The exquisitely appointed eat-in kitchen overlooks the expansivegarden andfeatures custom lacquered mill work, Caesar Stone counter-tops,Wolf gas stove and range and Miele dishwasher. Adjacent to the homes kitchen is the double parlor, perfect for entertaining, with 11 foot ceilings, two inviting modern fireplaces with Carraramantels and a dining room that easily sits 15 to dinner with views of the historic Limestone mansions across the way. Up the original restoredcenterstaircase, there are 6 bedrooms, including the impeccably designed master suite complete withpass through custom closets, ensuite spa bath and private roof terrace. Creature comforts include CAC, spa baths on every floor, radiant heat in bathrooms and kitchen,Carraraand Thassos stone throughout,in-ground irrigation in the lush garden, a chef's kitchen on the parlor level and a guest suite and family room on the garden level. Whether cozying up by one of the fireplaces, soaking in the spa bath or cocktailing under the leafy canopy of green in the garden, this is truly a home for all seasons.

Last Agent to Sell the Property

Jessica Buchman

Corcoran Group License #10301200330 Listed on: 03/21/2018

Corcoran Group

Co-Listed By

Bryan Rettaliata

Corcoran Group License #10401235373

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,018

Year Built

  • Built in 1909

Lot Details

  • 2,004

Home Design

  • 4,610 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 6 Bedrooms

Additional Features

  • Eat-In Kitchen
  • Garden
  • Central Air

Community Details

  • Park Slope Subdivision

Listing and Financial Details

  • Tax Block 1077

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,018

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Cross Street: 8th Avenue/Prospect Park W
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Park Slope
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Features: Separate/Formal Dining Room, Eat-in Kitchen
  • Living Area: 4610.0
  • Living Area Units: Square Feet
  • Rooms (Total): 15

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 6

Exterior Features

  • Exterior Features: Garden

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Building Info

  • Units: 1
  • Year Built: 1909

Tax Info

  • Tax Block: 1077

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
Jul 30, 2018
Sold by
Blum Alan and Greenberg Lori
Bought by
542 1St St Llc
Seller's Agent
Jessica Buchman
Corcoran Group
List Price
$5,395,000
Sold Price
$5,395,000
Current Estimated Value
$6,509,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,114,654
Avg. Annual Appreciation
2.57%
Original Mortgage
$1,650,000
Outstanding Balance
$1,438,898
Interest Rate
4.5%
Mortgage Type
Unknown
Estimated Equity
$5,018,646

Purchase Details

Closed on
Aug 9, 2007
Sold by
Jaffe Kenneth and Jaffe Linda
Bought by
Blum Alan and Greenberg Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.78%
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
542 1St St Llc $5,350,000 --
Blum Alan $3,450,000 --
Blum Alan $3,450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 542 1St St Llc $1,650,000
Closed 542 1St St Llc $1,650,000
Previous Owner Blum Alan $10,351
Previous Owner Blum Alan $9,930
Previous Owner Blum Alan $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2018 07/30/18 Sold $5,395,000 0.0% $1,170 / Sq Ft
06/30/2018 06/30/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $5,395,000 -- $1,170 / 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 $15,018 $368,940 $44,640 $324,300
2024 $15,018 $352,740 $44,640 $308,100
2023 $14,932 $352,260 $44,640 $307,620
2022 $11,404 $288,300 $44,640 $243,660
2021 $14,727 $316,200 $44,640 $271,560
2020 $14,127 $330,000 $44,640 $285,360
2019 $11,992 $323,880 $44,640 $279,240
2018 $11,613 $56,969 $8,101 $48,868
2017 $10,956 $53,745 $8,625 $45,120
2016 $10,726 $53,655 $8,948 $44,707
2015 $5,895 $50,635 $11,370 $39,265
2014 $5,895 $47,774 $12,874 $34,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10467847

Real Estate Board of New York (REBNY)

APN: 01077-0016