NOT LISTED FOR SALE

87 Lafayette Ave Unit 3 Brooklyn, NY 11217

Fort Greene Neighborhood

Estimated Value: $917,000 - $1,870,000

3 Beds
2 Baths
1,280 Sq Ft
$589/mo HOA Fee

Last Sold May 04, 2023

Last sale price $1,749,000 $1,366 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $9,862/month

33 Days on Market

Highlights

  • Newly Remodeled
  • 1-minute walk to Fulton Street (G Line)
  • Terrace
  • P.S. 20 Clinton Hill Rated A
  • Pre War Building

About This Home

As of May 2023

First Open House is Sunday March 5th from 12PM-1:30PM

Unit 3 is a bright and sprawling 3BR/2BA condo duplex perched atop a beautiful pre-war building in central Fort Greene. Upon entrance, a skylight illuminates the open kitchen that features an abundance of storage and countertop space. The southern-facing living and dining area is centered around a cozy gas fireplace. Perfect for entertaining and relaxing, the space can also easily accommodate a work-from-home setup. The queen-sized bedrooms at the rear of this level are north-facing, quiet, and enjoy views of the trees from the nearby park. Up one floor, the primary suite encompasses the entire level and enjoys floor-to-ceiling windows, a walk-in closet, en-suite bathroom with Grohe rain shower, and, best of all, a private southern-facing terrace.

87 Lafayette Avenue is a handsome brick building that was erected in 1901 and converted to a boutique condominium in the '00's. The building is comprised of just three residential units and, albeit low common charges, is under the care of a management company. Pets and rentals are permitted, making for a wise investment opportunity. This building is ideal for the buyer seeking an authentic connection to Fort Greene.

Reside within blocks of Brooklyn Academy of Music (BAM), Barclays Center, and top-tier dining options including Olea, Elsewhere, Aita, Saraghina Caffe, and Walter's. 87 Lafayette Avenue is positioned to provide an extraordinary quality of life in a neighborhood that is endowed with some of the finest architectural and cultural heritage in NYC. For shopping, Whole Foods and Trader Joe's are nearby, along with a spectacular farmers' greenmarket that is open year-round in nearby Fort Greene Park. The G train at Fulton Street is located across the street, and the C train at Lafayette Avenue is only one block to the south. Atlantic Terminal is 5 minutes away and provides access to the 2/3, 4/5, B/Q, N/R, and D trains, as well as the LIRR.

Last Agent to Sell the Property

Eric Volpe

Corcoran Group License #10301219675 Listed on: 03/02/2023

Corcoran Group

Co-Listed By

Andrea Kelly

Corcoran Group License #10401343231

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,428

Year Built

  • Built in 1901 | Newly Remodeled

Lot Details

  • 1,612

HOA Fees

  • $589 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 3rd floor

Interior Spaces

  • 1,280 Sq Ft Home
  • 4-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Outdoor Features

  • Terrace

Community Details

  • 4 Units
  • Fort Greene Subdivision

Listing and Financial Details

  • Tax Block 02099

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,428

Year Built

Built in 1901 | Newly Remodeled

Lot Details

0

HOA Fees

$589 per month

Listing Details

  • Cross Street: SOUTH ELLIOTT PLACE and SOUTH PORTLAND AVENUE
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Fort Greene
  • Architectural Style: Prewar
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Appliances: Dryer, Dishwasher, Washer Dryer Allowed, Washer
  • Living Area: 1280.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 589.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 4
  • Total Stories: 4
  • Year Built: 1901

Tax Info

  • Tax Block: 02099
  • Tax Annual: 16428.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2024
Sold by
Ting Jaclyn
Bought by
Gerstenzang Samuel
Current Estimated Value
$1,441,091

Purchase Details

Listed on
Mar 2, 2023
Closed on
May 4, 2023
Sold by
Mitchel Tyler Jane
Bought by
Gerstenzang Samuel and Ting Jaclyn
Seller's Agent
Eric Volpe
Corcoran Group
List Price
$1,749,000
Sold Price
$1,749,000
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.54%

Purchase Details

Closed on
Jan 31, 2018
Sold by
Augustidis Dimitri and % The Chatrath Law Firm Pc
Bought by
Mitchel Tyler Jane

Purchase Details

Closed on
Jun 3, 2016
Sold by
Asamoah Afia and Reed Daniel
Bought by
Augustidis Dimitri

Purchase Details

Closed on
Jul 26, 2010
Sold by
Segal Adina and Shapiro Adina
Bought by
Asamoah Afia and Reed Daniel

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
4.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2003
Sold by
Grand Old Properties Inc
Bought by
Segal Adina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.28%
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
Gerstenzang Samuel $53,062 --
Gerstenzang Samuel $1,749,000 --
Gerstenzang Samuel $1,749,000 --
Mitchel Tyler Jane $606,000 --
Mitchel Tyler Jane $606,000 --
Augustidis Dimitri $1,394,000 --
Augustidis Dimitri $1,394,000 --
Asamoah Afia $780,000 --
Asamoah Afia $780,000 --
Segal Adina $544,764 --
Segal Adina $544,764 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Asamoah Afia $585,000
Previous Owner Segal Adina $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2023 05/04/23 Sold $1,749,000 0.0% $1,366 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $1,749,000 0.0% $1,366 / Sq Ft
07/18/2019 07/18/19 Rented -- -- --
06/18/2019 06/18/19 Under Contract -- -- --
06/12/2019 06/12/19 For Rent $7,000 -- --
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 $19,868 $284,546 $5,256 $279,290
2024 $19,868 $355,628 $5,256 $350,372
2023 $18,051 $402,651 $5,256 $397,395
2022 $16,714 $395,623 $5,256 $390,367
2021 $15,476 $326,145 $5,256 $320,889
2020 $7,608 $316,773 $5,256 $311,517
2019 $12,720 $295,174 $5,256 $289,918
2018 $0 $113,192 $2,070 $111,122
2016 $12,511 $97,046 $2,587 $94,459
2015 $6,701 $97,046 $3,106 $93,940
2014 $6,701 $94,036 $2,407 $91,629
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10845945

Real Estate Board of New York (REBNY)

APN: 02099-1004