NOT LISTED FOR SALE

888 Gates Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,343,000 - $1,787,000

5 Beds
3 Baths
2,880 Sq Ft
$545/Sq Ft Est. Value

Last Sold January 12, 2023

Last sale price $1,175,000 $408 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,150/month

Highlights

  • Baseboard Heating
  • Laundry Facilities
  • Back Yard
  • Private Driveway

About This Home

As of January 2023

Come enjoy this 20’ wide, 2 family townhouse in the heart of Bedford Stuyvesant. This home comes with private PARKING!

The home is configured as a 3 bedroom duplex w/2 full baths and a 2 bedroom rental w/1bath on the top floor. The owner’s duplex has a spacious separate living room, eat-in kitchen with plenty of cabinetry and quartz counter tops. A king size bedroom with a walk-in closet. The duplex also has access to your private backyard which is perfectly groomed and tranquil. Separate utilities and taxes are fairly low approximately at $5,943/yearly. This home can be delivered vacant.

The property is 20×48ft J, Z, and M subway stations as well as numerous cafes and restaurants. Please feel free to reach out with any questions or to schedule a showing.

Last Agent to Sell the Property

Leslie Dixon

Bedford Brownstone Realty LLC Listed on: 06/13/2022

Last Buyer's Agent

Leslie Dixon

Bedford Brownstone Realty LLC Listed on: 06/13/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,943

Year Built

  • Built in 1995

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Private Driveway

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Tax Block 1637

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,943

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Basement Amenities: None
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 960
  • Building Length: 48.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Reid Av
  • Cross Street Name2: Patchen Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 1 Space
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Dryer, Laundry Area, Washer
  • Fill Sq Ft Total: 2880
  • Building Stories: 2
  • Street Name I D X: Gates
  • Street Number I D X: 888
  • Year Built: 1995
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Other
  • Lot Sq Ft: 2000
  • Total Rooms: 8

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 17
  • Roof: Other

Utilities

  • Air Conditioning Units: 0
  • Electric: Other
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6A

Tax Info

  • Flip Tax Amount: 5943.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Jan 12, 2023
Sold by
Bosier Margaret
Bought by
Mercurius Michelle
Seller's Agent
Leslie Dixon
Bedford Brownstone Realty LLC
Buyer's Agent
Leslie Dixon
Bedford Brownstone Realty LLC
List Price
$1,290,000
Sold Price
$1,175,000
Premium/Discount to List
-$115,000
-8.91%
Current Estimated Value
$1,570,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,647
Avg. Annual Appreciation
11.71%
Original Mortgage
$940,000
Outstanding Balance
$911,535
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$659,112

Purchase Details

Closed on
Jun 24, 1998
Sold by
Nyc Prtnrshp Housing Development Fund Co
Bought by
Bosier Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,600
Interest Rate
6.87%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mercurius Michelle $1,175,000 --
Bosier Margaret $216,500 Complete Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mercurius Michelle $940,000
Previous Owner Bosier Margaret $34,289
Previous Owner Bosier Margaret $148,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2023 01/12/23 Sold $1,175,000 -8.9% $408 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $1,290,000 -- $448 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 $7,098 $89,040 $21,660 $67,380
2024 $7,098 $80,760 $21,660 $59,100
2023 $7,123 $71,400 $21,660 $49,740
2022 $6,318 $78,240 $21,660 $56,580
2021 $6,273 $85,800 $21,660 $64,140
2020 $4,705 $72,720 $21,660 $51,060
2019 $5,867 $75,840 $21,660 $54,180
2018 $5,660 $29,226 $11,357 $17,869
2017 $5,321 $27,572 $13,360 $14,212
2016 $4,545 $26,012 $8,749 $17,263
2015 $1,938 $24,540 $7,277 $17,263
2014 $1,938 $24,540 $7,277 $17,263
Source: Public Records

Agents Affiliated with this Home

  • Leslie Dixon

    Seller's Agent in 2023

    Leslie Dixon

    Bedford Brownstone Realty LLC

    (718) 809-1629

    2 in this area

    14 Total Sales

    Leslie Dixon
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 463381

Brooklyn Board of REALTORS®

APN: 01637-0017

New York Kings County Brooklyn 11221 Bed-Stuy

888 Gates Ave, Brooklyn, NY

This home is located at 888 Gates Ave, Brooklyn, NY 11221 since 13 June 2022 and is currently estimated at $1,570,647, approximately $545 per square foot. This property was built in 1995. 888 Gates Ave is a home located in Kings County with nearby schools including P.S. 309 George E. Wibecan Preparatory Academy, La Cima Charter School, and Brooklyn Excelsior Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Nearby Homes