NOT LISTED FOR SALE
40 Beds
27 Baths
500 Sq Ft
-- Built

Last Sold July 15, 2020

Last sale price $12,500,000 $25,000 Per Sq Ft

26 Days on Market

About This Home

As of July 2020

1-4 Schrepel Pl consists of a three-story building containing twelve (12) units comprised of eight (8), 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units. The building has separate utilities and the tenants are responsible for their own electricity, electric heat and hot water. The building features a coin operated laundry facility in the basement, individual tenant storage spaces in the basement and eight (8) off street parking spaces. Several of the units have been renovated, featuring hardwood floors, cherry colored wood cabinets, granite countertops and stainless-steel appliances. The Property has been well maintained and is currently leased at below market rates offering the opportunity to significantly increase rents to market rates via lease renewals. The subject property is ideal for a potential buyer looking for income growth and strong investment returns in an exceptional, urban-infill location.

Last Agent to Sell the Property

Kurt Cawley

United Multi Family Corporation Listed on: 02/07/2020

Co-Listed By

Kyle Gossett

United Multi Family Corporation

Last Buyer's Agent

Kurt Cawley

United Multi Family Corporation Listed on: 02/07/2020

Property Details

Home Type

  • Multi-Family

Property Details

Home Type

Multi-Family

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Actual
  • Comp Based On: Gross/Full Sale Price
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 40
  • Total Brs: 40
  • Full Bathrooms: 27
  • Total Fbh: 27
  • No Rooms: 7
  • Basement: Y
  • Main Lo: NB4674
  • Main So: NB4674

Exterior Features

  • Beachfront Flag: Yes
  • Foundation: Poured Concrete

Garage/Parking

  • Parking Spaces: 8

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Lot Info

  • Lot Description: Corner

Multi Family

  • Total Levels: 2
  • No Units: 27
  • Mf Type: 5+ Family - 5+ Units Up/Down

Tax Info

  • Taxes: 69743.00
  • Assessor Parcel Number: 3340349

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2025 07/14/25 For Sale $6,200,000 -50.4% $560 / Sq Ft
07/15/2020 07/15/20 Sold $12,500,000 -8.4% $25,000 / Sq Ft
03/04/2020 03/04/20 Pending -- -- --
02/18/2020 02/18/20 Price Changed $13,650,000 -9.0% $27,300 / Sq Ft
02/07/2020 02/07/20 For Sale $15,000,000 -- $30,000 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72617154

MLS Property Information Network (MLS PIN)