NOT LISTED FOR SALE

962 Gates Ave Unit GARDEN Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,235,000 - $1,864,000

3 Beds
1 Bath
-- Sq Ft
1,917 Sq Ft Lot

Highlights

  • Pre War Building
  • 3-minute walk to Gates Avenue
  • Central Air
  • Intercom
  • Entrance Foyer
  • South Facing Home

About This Home

As of August 2023

This huge garden apartment features three generous bedrooms, an open chef kitchen with stainless steel appliances, a very large living/dining room, private access to a south-facing garden and its own fully finished basement previously used as a music studio. Exposed brick walls and wood floors add charm and character to the apartment, which is also equipped with central air, self-controlled thermostats and a washer & dryer in the basement.

The house was recently renovated and has all new mechanicals; high-efficiency HVAC systems, new water boilers, and new plumbing and electrical systems. A small storage section in the basement level is reserved for owner use.

962 Gates Avenue is ideally located in Stuyvesant Heights, right near the border of Bushwick - one block away from the J/M/Z train (Gates Ave train station), and a 15 minute walk from the express A/C train (Utica train station) allowing for easy access to the city. It is also near neighborhood favorites such as Saraghina, Trad Room, Bar Lunatico, Passionfruit Coffee, Cuts & Slices and Chez Alex bakery.

Pets allowed, on a case by case basis. Owner's preference for 2 year lease.

Last Agent to Rent the Property

Sabelo Narasimhan

Compass License #10401376009 Listed on: 08/05/2023

Compass

Co-Listed By

Lois Thompson

Compass License #30TH0948695

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,626

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 19.0 x 100.0
  • South Facing Home

Home Design

  • Pre War Building

Interior Spaces

  • 3-Story Property
  • Entrance Foyer
  • Intercom

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Community Details

  • Stuyvesant Heights Subdivision

Listing and Financial Details

  • Property Available on 7/28/23
  • Legal Lot and Block 30 / 1638

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,626

Year Built

Built in 1899

Lot Details

0

Rental Info

  • Available Date: 2023-07-28

Listing Details

  • Cross Street: Patchen Avenue/Ralph Avenue
  • Exposures: South
  • Property SubType: Multi Family
  • Property Type: Residential Lease
  • Neighborhood: Stuyvesant Heights
  • Architectural Style: Prewar
  • Entry Level: 1
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Equipment (Other): Intercom
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Lot Info

  • Lot Size Dimensions: 19.0 x 100.0

Building Info

  • New Construction: No
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1638
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2018
Sold by
962 Gates Ave Llc
Bought by
Oberoi Anjali
Current Estimated Value
$1,569,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Outstanding Balance
$808,311
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$712,804

Purchase Details

Closed on
Jul 24, 2014
Sold by
18 Empire Boulevard Llc
Bought by
962 Gates Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,250
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2013
Sold by
Williams Sandra
Bought by
18 Empire Blvd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.51%
Mortgage Type
New Conventional
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
Oberoi Anjali $1,575,000 --
962 Gates Ave Llc $995,000 --
18 Empire Blvd Llc $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oberoi Anjali $925,000
Previous Owner 962 Gates Ave Llc $375,000
Previous Owner 962 Gates Ave Llc $746,250
Previous Owner 18 Empire Blvd Llc $400,000
Previous Owner Williams Sandra $304,000
Previous Owner Williams Sandra $270,000
Previous Owner Williams Sandra $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Rented $3,600 0.0% --
08/17/2023 08/17/23 For Rent $3,600 0.0% --
08/16/2023 08/16/23 Off Market $3,600 -- --
08/10/2023 08/10/23 For Rent $3,600 0.0% --
08/08/2023 08/08/23 Off Market $3,600 -- --
08/05/2023 08/05/23 For Rent $3,600 -- --
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 $3,626 $86,880 $19,020 $67,860
2024 $3,626 $79,560 $19,020 $60,540
2023 $3,631 $85,680 $19,020 $66,660
2022 $3,368 $83,040 $19,020 $64,020
2021 $3,355 $80,580 $19,020 $61,560
2020 $2,511 $79,380 $19,020 $60,360
2019 $2,388 $63,120 $19,020 $44,100
2018 $3,037 $14,898 $4,422 $10,476
2017 $2,866 $14,061 $6,287 $7,774
2016 $2,656 $13,285 $8,022 $5,263
2015 $1,600 $13,285 $8,617 $4,668
2014 $1,600 $12,538 $7,938 $4,600
Source: Public Records

Agents Affiliated with this Home

  • Sabelo Narasimhan

    Landlord's Agent in 2023

    Sabelo Narasimhan

    Compass

    (917) 539-1068

    1 in this area

    3 Total Sales

    Section Image
  • Lois Thompson

    Landlord's Co-Listing Agent in 2023

    Lois Thompson

    Compass

    (917) 721-7552

    5 in this area

    13 Total Sales

    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10881655

Real Estate Board of New York (REBNY)

APN: 01638-0030

New York Kings County Brooklyn 11221 Bed-Stuy

962 Gates Ave Unit GARDEN, Brooklyn, NY

This home is located at 962 Gates Ave Unit GARDEN, Brooklyn, NY 11221 since 05 August 2023 and is currently priced at $1,550,623. This property was built in 1899. 962 Gates Ave Unit GARDEN is a home located in Kings County with nearby schools including P.S. 309 George E. Wibecan Preparatory Academy, Brooklyn Excelsior Charter School, and Excellence Girls Charter School.

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