NOT LISTED FOR SALE

Estimated Value: $1,208,719 - $1,968,000

-- Bed
-- Bath
1,920 Sq Ft
$742/Sq Ft Est. Value

Last Sold June 10, 2021

Last sale price $1,280,000 $667 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,770/month

About This Home

As of June 2021

Located on a landmarked block close to the C train on Fulton, this historic, massive, 2-unit townhouse has undergone a full gut renovation and has served as an investment property for the current owner. Both units are rented with the leases expiring March 1st, 2021 and April 1st 2021. The current rent roll is $5425 with significant rental upside beyond this amount. Alternatively, the parlor level unit can serve as an owner's duplex with finished basement while the upper duplex can provide rental income. The owner's unit features two bedrooms with an additional home office area as well as two renovated bathrooms, fully renovated kitchen with dishwasher and a charming garden. The finished basement is accessible only to the owner's unit and has been fully carpeted to serve as a recreation room. The upper duplex offers two bedrooms and one bathroom, along with a renovated kitchen with dishwasher. Both units have their own washer/dryer. Due to the tenants in place, showings require a minimum of 24 hour notice.

Last Agent to Sell the Property

William Bekisz

William J Farmer Inc License #10311208215 Listed on: 10/16/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 16.0 x 77.0

Home Design

  • Pre War Building

Interior Spaces

  • 1,920 Sq Ft Home
  • 3-Story Property

Community Details

  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 91 / 1871

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Atlantic Avenue/Alice Court
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Living Area: 1920.0
  • Living Area Units: Square Feet

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 16.0 x 77.0

Building Info

  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 1871
  • Tax Lot: 91

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2021
Closed on
Jun 1, 2021
Sold by
Lee Michael W
Bought by
Grant Thomas and Russell Sally
Seller's Agent
William Bekisz
William J Farmer Inc
List Price
$1,280,000
Sold Price
$1,280,000
Current Estimated Value
$1,425,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,430
Avg. Annual Appreciation
2.40%
Original Mortgage
$832,000
Outstanding Balance
$749,983
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$675,447

Purchase Details

Closed on
Oct 13, 2015
Sold by
Smith Burnett and Smith Marcia M
Bought by
Lee Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2006
Sold by
Smith Burnett and Smith Hilda
Bought by
Smith Burnett and Smith Marcia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,435
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 1995
Sold by
Smith Hilda
Bought by
Smith Marcia M and Smith Burnette
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
Grant Thomas $1,280,000 --
Grant Thomas $1,280,000 --
Grant Thomas $1,280,000 --
Lee Michael W $750,000 --
Lee Michael W $750,000 --
Lee Michael W $750,000 --
Smith Burnett -- --
Smith Burnett -- --
Smith Marcia M -- Chicago Title Insurance Co
Smith Marcia M -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant Thomas $832,000
Closed Grant Thomas $832,000
Previous Owner Lee Michael W $562,500
Previous Owner Smith Burnett $168,435
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2021 10/16/21 For Sale $1,280,000 0.0% $667 / Sq Ft
06/10/2021 06/10/21 Sold $1,280,000 -- $667 / 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 $3,886 $86,760 $16,380 $70,380
2024 $3,886 $69,180 $16,380 $52,800
2023 $3,929 $71,460 $16,380 $55,080
2022 $3,826 $77,100 $16,380 $60,720
2021 $3,808 $83,400 $16,380 $67,020
2020 $1,786 $79,440 $16,380 $63,060
2019 $3,373 $63,840 $16,380 $47,460
2018 $3,287 $16,123 $4,668 $11,455
2017 $3,256 $15,972 $5,814 $10,158
2016 $3,014 $15,078 $6,682 $8,396
2015 $1,817 $14,230 $8,438 $5,792
2014 $1,817 $13,436 $9,556 $3,880
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10746570

Real Estate Board of New York (REBNY)

APN: 01871-0091