NOT LISTED FOR SALE

Estimated Value: $1,387,000 - $1,721,000

8 Beds
6 Baths
2,974 Sq Ft
$507/Sq Ft Est. Value

Last Sold March 04, 2019

Last sale price $1,222,000 $411 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $8,688/month

About This Home

As of March 2019

Extraordinary, solid-brick, multi-family investment property, just hitting the market in red-hot Bushwick! This terrific, 3-story, 3-family home, newly constructed within the past 10 years, is a stunning investment opportunity with rent rolls sky-rocketing in this highly sought-after area! This tremendous investment home is already reaping enormous returns with a highly profitable rent roll, in the very lucrative Bushwick neighborhood, which is showing no signs of letting up! The first floor is a 2-bedroom, 2-bathroom unit, the second floor is a huge 3-bedroom, 2-bathroom apartment and the top floor is also an enormous 3-bedroom, 2-bathroom unit! Each of these apartments are nearly 1,000 square feet, they are all newly renovated with gorgeous stainless-steel appliances and hardwood floors and both the second and third floor units have lovely open-air balconies! There’s also a fully finished basement with a full bath as well as its own separate entrance, further increasing the possibilities here! Making this amazing possibility even more exciting is that it’s 2 blocks from the Chauncey Street J train, 3 blocks from the Bushwick Avenue L train and a short walk to the Thomas Boyland Park! Call today!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,154

Lot Details

  • 1,656 Sq Ft Lot
  • Lot Dimensions are 83 x 20
  • Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,974 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 3451

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,154

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Total Bathrooms: 6.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Borough: Brooklyn
  • Building Length: 50.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117790
  • Co List Office Phone: (718) 942-5952
  • Confirmed By M L S Y N: Yes
  • Cross Street: Bushwick Ave
  • Cross Street Name2: Evergreen
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Rooms Total Level3: 4
  • Fill Sq Ft Total: 2974
  • Street Name I D X: Pilling
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 6
  • Total Bedrooms: 8
  • Flooring: Hardwood
  • Lot Sq Ft: 1656

Exterior Features

  • Yard: Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 39
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Other
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 83
  • Lot Size Width: 20
  • Zoning: R6

Tax Info

  • Flip Tax Amount: 7154.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2018
Closed on
Feb 28, 2019
Sold by
Jeremiah Alvin S and Sylvan Francis
Bought by
105 Pilling Llc
Sold Price
$1,222,000
Current Estimated Value
$1,508,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,153
Avg. Annual Appreciation
3.21%
Original Mortgage
$850,000
Outstanding Balance
$747,295
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$760,858

Purchase Details

Closed on
Feb 2, 2007
Sold by
Navon Inc
Bought by
Jeremiah Alvin S and Sylvan Francis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,400
Interest Rate
6.24%
Source: Public Records

Range of Values:

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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
105 Pilling Llc $1,225,000 --
Jeremiah Alvin S $777,000 --
Francis Jeremiah Alvin S $777,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 105 Pilling Llc $850,000
Previous Owner Francis Jeremiah Alvin S $155,400
Previous Owner Francis Jeremiah Alvin S $621,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2019 03/04/19 Sold $1,222,000 -- $411 / Sq Ft
09/05/2018 09/05/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $9,339 $77,880 $11,820 $66,060
2024 $9,339 $87,300 $11,820 $75,480
2023 $8,909 $100,080 $11,820 $88,260
2022 $8,262 $79,620 $11,820 $67,800
2021 $8,710 $68,940 $11,820 $57,120
2020 $4,297 $65,640 $11,820 $53,820
2019 $8,106 $65,640 $11,820 $53,820
2018 $7,154 $36,556 $4,916 $31,640
2017 $6,731 $34,488 $6,308 $28,180
2016 $6,585 $34,488 $8,514 $25,974
2015 $3,704 $34,228 $8,785 $25,443
2014 $3,704 $32,291 $9,099 $23,192
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 423319

Brooklyn Board of REALTORS®

APN: 03451-0039