NOT LISTED FOR SALE

Estimated Value: $1,707,000 - $2,049,000

5 Beds
4 Baths
2,772 Sq Ft
$676/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2018

Last sale price $1 $0 Per Sq Ft

Est. 187,333,200% increase in value since last sale

Current estimated payment $10,625 / mo

754 Days on Market

About This Home

As of March 2018

Whether you're seeking a beautiful home or an excellent investment, you must see this four story semi-detached Brownstone located on a beautiful block in Bed Stuy's sweet spot! It just needs the right buyer who is ready to transform this partially tenanted SRO a great money maker or a beautiful home. This four-story semi-detached Brownstone has incredible potential, with original details like crown molding, beautiful archways, lattice work and built-in cabinetry. It faces south, so there is abundant sunlight! The boiler and hot water heater have been replaced recently and the roof has been resurfaced recently as well. While livable, cosmetically, this house is in need of a full renovation and the new owner will likely want to take steps to convert the building from its single room occupancy (SRO) status to their preferred use, maybe a 3 family with a duplex and two rentals, a triplex over a garden rental, or a four family rental building. This is a perfect building for a CASH buyer, or, for a buyer with a CONSTRUCTION LOAN, where you borrow money up front to create the home of your dreams and have the home appraised based on your final planned setup. Fully renovated in its new configuration, this house would likely sell for $1.75 mil or higher. The location is unbelievable! There's so much to do nearby: L'Antagoniste, located on the corner, offers French cuisine, Saraghina, offers delicious pizza, pasta, tapas and artisan cocktails, and, fresh baked bread at their bakery, or, you can enjoy live jazz at Bar Lunatico, coffee at Georges & Andres or Zabke, or Hatian cuisine at Grandchamps, all within a two block radius, and, many other cafes and bars, like Peaches, Casablanca, Beso, and Therapy Wine Bar. The A and C trains are a pleasant walk down Stuyvesant Avenue. That stop gets you to lower Manhattan in just 15 minutes. There is so much to love about this house and it is a bargain for all that it offers. Showings are by appointment, so call me to day to see it!

Last Agent to Sell the Property

Jacqueline DeVane

Brown Harris Stevens Brooklyn LLC License #10301213460 Listed on: 02/05/2016

Brown Harris Stevens Brooklyn LLC

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1,699

Home Design

  • 2,772 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1656

Property Details

Home Type

Multi-Family

Lot Details

1,699 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area: 2772.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 5

Building Info

  • Units: 4

Tax Info

  • Tax Block: 1656

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2018
Sold by
Estate Of Mary Lipscomb
Bought by
Johnson Jeffrey and Peterson Brian A
Current Estimated Value
$1,873,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,427,160
Outstanding Balance
$1,204,354
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$668,979
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
Johnson Jeffrey $1,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Jeffrey $1,427,160
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2018 03/31/18 Sold $1 -100.0% $0 / Sq Ft
03/01/2018 03/01/18 Pending -- -- --
02/05/2016 02/05/16 For Sale $1,200,000 -- $433 / Sq Ft
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 $8,321 $117,660 $21,180 $96,480
2024 $8,321 $92,940 $21,180 $71,760
2023 $8,414 $111,540 $21,180 $90,360
2022 $8,227 $92,040 $21,180 $70,860
2021 $8,402 $100,920 $21,180 $79,740
2019 $4,047 $78,420 $21,180 $57,240
2018 $3,944 $19,347 $5,516 $13,831
2017 $3,907 $19,166 $6,982 $12,184
2016 $3,617 $18,091 $8,894 $9,197
2015 $2,181 $17,067 $9,318 $7,749
2014 $2,181 $16,123 $10,569 $5,554
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10095878

Real Estate Board of New York (REBNY)

APN: 01656-0068

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