1011 Banner Ave Brooklyn, NY 11235
Brighton Beach NeighborhoodEstimated payment $7,379/month
Highlights
- Wood Flooring
- 2 Car Detached Garage
- Heating System Uses Steam
- Terrace
- Back and Side Yard
- Private Driveway
About This Home
We proudly present this truly exceptional investment and development opportunity in the heart of Brighton Beach—a well-maintained, fully detached three-story, two-family brick home with a private driveway and detached garage, all situated on a generous 30x101 lot with R6 zoning and over 7,000 buildable square feet, with new construction and development sites rapidly emerging throughout the area. The expansive 18x60 structure offers three spacious residential levels: the first floor features two large bedrooms easily convertible to three, with a full living and dining area, kitchen, and bath; the second floor mirrors this layout with a full three-bedroom unit; and the third floor includes a bright one-bedroom apartment with both front and rear terraces, perfect for additional rental income or extended family living. The semi-finished basement has a separate entrance and full bath, ideal for flexible use. This property also boasts high ceilings, abundant natural light, 3 gas and 4 electric meters, a new roof, and move-in ready condition. The fully fenced yard, multi-car driveway, and detached garage accommodating up to five vehicles add to the value. Located minutes from restaurants, supermarkets, schools, and the B4 bus and B/Q subway lines, this property offers both immediate income potential and long-term development upside in one of South Brooklyn’s most vibrant neighborhoods. Delivered vacant at closing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,153
Year Built
- Built in 1920
Lot Details
- 3,028 Sq Ft Lot
- Lot Dimensions are 30.08x100.67
- Irregular Lot
- Back and Side Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,680 Sq Ft Home
- 3-Story Property
- Partially Finished Basement
- Walk-Out Basement
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Private Driveway
Outdoor Features
- Terrace
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tax Block 8761
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,153 | $75,000 | $19,020 | $55,980 |
| 2024 | $9,153 | $80,760 | $19,020 | $61,740 |
| 2023 | $8,732 | $81,240 | $19,020 | $62,220 |
| 2022 | $8,154 | $71,400 | $19,020 | $52,380 |
| 2021 | $8,596 | $77,520 | $19,020 | $58,500 |
| 2020 | $4,208 | $75,420 | $19,020 | $56,400 |
| 2019 | $7,652 | $66,840 | $19,020 | $47,820 |
| 2018 | $7,006 | $35,830 | $12,161 | $23,669 |
| 2017 | $6,639 | $34,038 | $12,289 | $21,749 |
| 2016 | $6,495 | $34,038 | $13,437 | $20,601 |
| 2015 | $3,873 | $33,516 | $14,871 | $18,645 |
| 2014 | $3,873 | $31,648 | $14,042 | $17,606 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $1,288,000 | -- | $481 / Sq Ft |
| 05/28/2025 05/28/25 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $190,000 | -- | |
| Deed | $190,000 | -- | |
| Deed | $135,000 | -- | |
| Deed | $135,000 | -- | |
| Deed | $135,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $510,000 | -- | |
| Deed | $510,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Bargain Sale Deed | $395,000 | Fidelity National Title Ins | |
| Bargain Sale Deed | $395,000 | Fidelity National Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $170,000 | New Conventional | |
| Previous Owner | $210,000 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 492761
APN: 08761-0048
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