387 Gates Ave
Brooklyn, NY 11216 (Bedford - Stuyvesant)
Contact For Estimate

387 Gates Ave
Brooklyn, NY 11216

(Bedford - Stuyvesant)
  • 1,440 sqft
  • 2,000 sqft lot size
  • Multi-Family
Off Market · Public Record
Contact For Estimate
387 Gates Ave
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  • 1 Elementary School

    1 High School

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  • Low crime relative to the rest of Kings county.

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  • 16% of residents commute by car.

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  • 630 Restaurants

    122 Grocery stores

    146 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Multi-Family
  • Built in 1899
  • 2,000 sqft lot size
  • 1,440 sqft
Description

This property is no longer available to rent or buy. This description is from April 09, 2015
This 4-story multifamily townhouse is conveniently situated at the borderline of where Bed-Stuy begins and Clinton Hill ends, near shopping, eateries and transportation. 387 Gates Avenue is currently consisted of a gut renovated owners' triplex over a large 2 bedroom garden rental apartment, over a fully finished basement. The parlor consists of a large living room / dining room combo, an open kitchen with an island and stainless steal appliances and excess to an oversized wooden deck. The basement has full height ceilings, tiled flooring and features a laundry room, rec. room, and a utility room. The 3rd floor is all master bedroom with lots of closet space and a gorgeous master bathroom. The 4th floor has 3 bedrooms, full bathroom and a laundry room. Very high ceilings, hardwood floors, chefs kitchen, BOSCH stainless steal appliances, manicured paved backyard, oversized wood deck, exposed brick, HVAC system.Additional features of this building include: Bedford-Nostrand Ave G Train: 5 short blocks away and A/C trains are 7 short blocks away.

Price History
Date
Price
Event

10/22/2015
$1,700,000
Sold
Recording Date
10/22/2015
Contract Date
10/07/2015
Sale Price
$1,700,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

05/28/2010
$420,000
Sold
Recording Date
05/28/2010
Contract Date
04/12/2010
Sale Price
$420,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

01/19/2006
$1,000
Sold
Recording Date
01/19/2006
Contract Date
10/31/2005
Sale Price
$1,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

05/26/2004
$275,500
Sold
Recording Date
05/26/2004
Contract Date
10/03/2003
Sale Price
$275,500
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

11/27/1996
$170,000
Sold
Recording Date
11/27/1996
Contract Date
10/21/1996
Sale Price
$170,000
Price Type
Sales price computed from Transfer Tax. No indication whether tax was paid on full or partial consideration.
County Transfer Tax
N/A
Total Transfer Tax
$680
Transaction Type
Purchase/Resale Arm's Length Residential Transaction
Document Type
N/A

08/25/1995
$21,500
Sold
Recording Date
08/25/1995
Contract Date
08/08/1995
Sale Price
$21,500
Price Type
Sales price computed from Transfer Tax. No indication whether tax was paid on full or partial consideration.
County Transfer Tax
N/A
Total Transfer Tax
$86
Transaction Type
Non-Arm's Length Transaction
Document Type
N/A

Property Taxes and Assessment
Year
2016
Tax
$1,978.44
Assessments
$10,118
Land
$3,113
Improvements
$7,005
Total
$10,118
Market Value
N/A

Price Trends
Real Estate Trends
Average Listing Price for 11216
$1,293,981
24% below sold price
Median Sale Price for 11216
$716,000
58% below sold price
Average Sale price/sqft for 11216
$795/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
0.14
Multi-Family
$1,980,000
07/10/17
-
-
2,700
2.65
Multi-Family
$2,300,000
12/28/17
-
-
3,375
0.69
Multi-Family
$2,437,500
12/21/17
-
-
2,130
0.09
Multi-Family
$2,200,000
09/18/17
-
-
2,400
2.29
Multi-Family
$2,250,000
01/02/18
-
-
2,898
4.14
Multi-Family
$2,425,000
01/03/18
-
-
6,200
0.17
Multi-Family
$2,175,000
08/02/17
-
-
2,480
6.52
Multi-Family
$1,730,000
12/21/17
-
-
3,300
6.44
Multi-Family
$1,680,000
01/10/18
-
-
1,673
2.48
Multi-Family
$2,100,000
12/18/17
-
-
3,384

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