NOT LISTED FOR SALE

Estimated Value: $1,761,000 - $2,463,000

4 Beds
2.5 Baths
3,775 Sq Ft
$550/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $1,835,000 $486 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $11,600/month

152 Days on Market

Highlights

  • City View
  • 2-minute walk to 25 Street
  • Patio
  • Pre War Building
  • Building Patio

About This Home

As of December 2019

As featured in the NY Times** and Brownstoner*** (Please copy and paste URLs below to view articles)

At over 25' wide with soaring ceilings on each floor, 720 4th Avenue is an expansive Romanesque Revival townhome adorned with stunning original details throughout. Mirrored fireplaces, columns, and pocket doors with etched glass are just some of the unique details you will find in this impressive home. Sustainable and practical upgrades were thoughtfully made while salvaging many of the home's original charm, including restoring original floors with low-VOC sealant and updating the electrical, plumbing, and gas lines. A combination of double-paned windows and original stained glass windows keep the home quiet and naturally well lit. The full panel stained glass windows in the vintage master bath is especially beautiful in the afternoon light, creating the perfect environment for a relaxing soak.

Bonus rooms with original built-ins like the grand foyer with classic wainscoting and built-in closet, living room alcove with mirrored bar, parlor floor landing with cedar-lined closets and drawers (replicated on each floor), and an airy media/playroom with an office on the second floor provide additional usable space and storage for treasured collectibles. The master bedroom has an added walk-in utility closet with ELFA System that doubles as a dressing room. A 4-room basement with full ceiling height, half bath, and access to the street and backyard, allow for an additional 1258.5 square foot of potential entertainment space to be combined with the existing 3775.50 square foot that occupy the three floors above.*

A back deck perfectly situated off the kitchen is flanked by a decorative wooden sunburst made from reclaimed wood from the original Coney Island boardwalk and ivy-lined wall, creating a beautiful oasis for dining al fresco. The 2 bedroom penthouse apartment offers additional rent and Manhattan views, which can also be integrated into the rest of the house to create a massive single-family home.

720 4th Avenue is conveniently located in Greenwood Heights, between South Park Slope and Sunset Park, just two blocks to the R train for an easy commute to downtown Brooklyn and Manhattan. Enjoy an abundance of activities for all ages at Industry City, a historic trolley tour of the Greenwood Cemetery, boat ride in Prospect Park, or cool off in the Sunset Park pool. From authentic ethnic cuisine to trendy farm-to-table restaurants, Foodie's will appreciate the diverse choices for dining nearby.

*Please check with your architect on permitted uses for the basement space.

** https://www.nytimes.com/slideshow/2019/07/11/realestate/on-the-market-in-new-york-city/s/11OTM-NYC-slide-4XJA.html?rref=collection%2Fsectioncollection%2Frealestate&action=click&contentCollection=realestate®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=sectionfront

*** https://www.brownstoner.com/real-estate-market/brooklyn-homes-for-sale-greenwood-heights-720-4th-avenue-art-deco-queen-anne-mantels-deck/

Last Agent to Sell the Property

Fouad Rahme

Compass License #10301217357 Listed on: 05/29/2019

Compass

Co-Listed By

Grace Rahme

Compass License #10301203381

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,712

Year Built

  • Built in 1899

Lot Details

  • 1,525

Home Design

  • Pre War Building

Interior Spaces

  • 3,775 Sq Ft Home
  • 3-Story Property
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms

Additional Features

  • Patio
  • Lot Dimensions are 25.0 x 60.0

Community Details

  • Greenwood Heights Subdivision
  • Building Patio

Listing and Financial Details

  • Legal Lot and Block 39 / 645

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,712

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: 22nd Street/23rd Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Greenwood Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Living Area: 3775.0
  • Living Area Units: Square Feet
  • Rooms (Total): 18

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 4

Exterior Features

  • View: City
  • View: Yes
  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 25.0 x 60.0

Building Info

  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 645
  • Tax Lot: 39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2019
Closed on
Dec 27, 2019
Sold by
Owen Lucas A and Owen Michael E
Bought by
Koizumi Miwa and Scoffier Marc Paul
Seller's Agent
Fouad Rahme
Compass
List Price
$1,835,000
Sold Price
$1,835,000
Current Estimated Value
$2,074,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,787
Avg. Annual Appreciation
0.67%
Original Mortgage
$986,158
Outstanding Balance
$873,174
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$1,033,445

Purchase Details

Closed on
Dec 2, 2009
Sold by
Potter Jennifer and Shannon Edward
Bought by
Owen Lucas A and Owen Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
5.02%
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
Koizumi Miwa $1,835,000 --
Owen Lucas A $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koizumi Miwa $986,158
Previous Owner Owen Lucas A $124,000
Previous Owner Owen Lucas A $9,611
Previous Owner Owen Lucas A $585,000
Previous Owner Potter Jennifer M $25,000
Previous Owner Potter Jennifer $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2019 12/27/19 Sold $1,835,000 0.0% $486 / Sq Ft
10/29/2019 10/29/19 Pending -- -- --
05/29/2019 05/29/19 For Sale $1,835,000 -- $486 / 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 $7,712 $92,340 $18,660 $73,680
2024 $7,712 $88,260 $18,660 $69,600
2023 $7,358 $105,960 $18,660 $87,300
2022 $7,232 $116,100 $18,660 $97,440
2021 $7,566 $107,340 $18,660 $88,680
2020 $3,548 $92,400 $18,660 $73,740
2019 $6,401 $84,780 $18,660 $66,120
2017 $5,855 $30,190 $6,924 $23,266
2016 $5,679 $29,959 $8,556 $21,403
2015 $3,215 $28,264 $8,241 $20,023
2014 $3,215 $26,666 $8,727 $17,939
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10583112

Real Estate Board of New York (REBNY)

APN: 00645-0039