NOT LISTED FOR SALE

Estimated Value: $1,247,000 - $1,497,748

5 Beds
3 Baths
2,160 Sq Ft
$632/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $1,117,500 $517 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,511/month

61 Days on Market

Highlights

  • Wood Flooring
  • 5-minute walk to Knickerbocker Avenue (M Line)
  • Baseboard Heating
  • Home Office
  • Eat-In Kitchen
  • 1 Car Garage

About This Home

As of July 2023

This is an ideal opportunity to own this custom 3 storied House located In The Heart Of Bushwick, it is in move in condition, has a Potential cap rate of 6% and low taxes! This investor's dream property features 5 BR 3 BA, R6B Zoning, 2160 sq ft of living space, finished basement with separate entrance, it has front private parking and garage, it's also close to M, J, L train, it has so much potential for you to make it your own!

Last Agent to Sell the Property

Chung Hsien Hsin

Royalux Realty LLC License #10401302155 Listed on: 02/23/2023

Co-Listed By

Yanli Zheng

Royalux Realty LLC License #10401282422

Last Buyer's Agent

Shonnette Yearwood

Voro LLC License #10301214515

Voro LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,559

Year Built

  • Built in 1901

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Two or More Common Walls

Parking

  • 1 Car Garage
  • Private Parking
  • Driveway

Home Design

  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 2,160 Sq Ft Home
  • Home Office
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Ps 75 Mayda Cortiella Elementary School
  • JHS 291 Roland Hayes Middle School
  • Academy For Environmental Ldship High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Legal Lot and Block 39 / 3285
  • Assessor Parcel Number 03285-0039

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,559

Year Built

Built in 1901

Lot Details

2,000 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Year Built: 1901
  • New Construction: No
  • Co List Office Mls Id: ONEERLT01
  • Co List Office Phone: 718-886-8110
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Home Office
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 5
  • Living Area: 2160
  • SquareFootage: 2160.00
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick, Stucco
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Driveway, Garage

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Baseboard, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 291 Roland Hayes

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Parcel Number: 03285-0039
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-02-24

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 4558.76
  • Tax Block: 3285
  • Tax Lot: 39
  • Tax Map Number: 03285-0039

MLS Schools

  • Elementary School: Ps 75 Mayda Cortiella
  • High School: Academy For Environmental Ldship
  • Middle School District: Brooklyn 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Jul 28, 2023
Sold by
Madera Juan
Bought by
Hanok'S Properties Llc
Seller's Agent
Chung Hsien Hsin
Royalux Realty LLC
Buyer's Agent
Shonnette Yearwood
Voro LLC
List Price
$1,200,000
Sold Price
$1,117,500
Premium/Discount to List
-$82,500
-6.88%
Views
50
Current Estimated Value
$1,365,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,937
Avg. Annual Appreciation
7.89%
Original Mortgage
$977,810
Outstanding Balance
$953,155
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$412,282

Purchase Details

Closed on
May 24, 2002
Sold by
Patel Hiteshkumar J
Bought by
Madera Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,612
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2001
Sold by
Brathwaite Sandra
Bought by
Patel Hiteshkumar T

Purchase Details

Closed on
Jan 7, 1997
Sold by
Charles Gregory Akan and Charles Modestine
Bought by
Brathwaite Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,300
Interest Rate
7.77%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Hanok'S Properties Llc $1,117,500 --
Hanok'S Properties Llc $1,117,500 --
Hanok'S Properties Llc $1,117,500 --
Madera Juan -- --
Madera Juan -- --
Patel Hiteshkumar T -- --
Patel Hiteshkumar T -- --
Brathwaite Sandra $165,000 Stewart Title Insurance Co
Brathwaite Sandra $165,000 Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanok'S Properties Llc $977,810
Closed Hanok'S Properties Llc $977,810
Previous Owner Madera Juan $279,612
Previous Owner Brathwaite Sandra $163,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $1,117,500 -4.9% $517 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $1,175,000 -2.1% $544 / Sq Ft
02/23/2023 02/23/23 For Sale $1,200,000 -- $556 / Sq Ft
Source: OneKey® MLS

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 $4,869 $91,740 $19,260 $72,480
2024 $4,869 $87,720 $19,260 $68,460
2023 $4,734 $91,320 $20,040 $71,280
2022 $4,481 $87,180 $20,040 $67,140
2021 $4,551 $75,060 $20,040 $55,020
2019 $4,226 $67,080 $20,040 $47,040
2018 $3,960 $19,424 $8,404 $11,020
2017 $3,813 $18,706 $6,535 $12,171
2016 $3,603 $18,021 $7,226 $10,795
2015 $1,186 $18,015 $8,276 $9,739
2014 $1,186 $11,544 $3,710 $7,834
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3460420

OneKey® MLS

APN: 03285-0039

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