NOT LISTED FOR SALE

1078 E 54th St Brooklyn, NY 11234

Flatlands Neighborhood

Estimated Value: $707,994 - $879,000

3 Beds
2 Baths
1,571 Sq Ft
$517/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $780,000 $496 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,823/month

65 Days on Market

About This Home

As of August 2022

This property is for CASH BUYERS

I wanted to make you aware of an opportunity that might make sense for your buyer profile.

1078 East 54th Street is a legal 2-unit property located in East Flatbush. We were in contract at $780,000 but the buyer was not able to close. The contract expired, was canceled and funds returned to buyer's lawyer.

I am reaching out because the seller also is in foreclosure and needs to sell quickly.
The property WILL NOT BE DELIVERED VACANT. There lower apartment is occupied.. They are not friendly. There is no lease and they are not paying anything. They have not been served any eviction paperwork buy the seller.

To be clear, the contract will not include any language that states the property will be delivered vacant at closing. This is "where-is, as-is, "

If that is a deal breaker I fully understand and I will reach out to you when something else comes up.

I can show the top floor, garage and backyard, but cannot show the lower-level apartment.

I can get the payoff balance from the bank and disclose that. Brokers, I am hoping you can get your fee from your buyer but if not, I will share my commission (reluctantly) with you. I do know that on deals like these the buyer will sometimes pay their broker. We can discuss.

Let me know what this may be worth to you (we had an accepted cash deal but their proof of funds didn't check out).

If you'd like any more details let me know and I'll handle myself accordingly. Hope to hear from you soon,

Last Agent to Sell the Property

Troy Gaskin

Corcoran Group License #10301218841 Listed on: 06/24/2022

Corcoran Group

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,004

Home Design

Interior Spaces

  • 1-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 2 Units
  • Flatlands Subdivision

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Flatlands
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Washer Dryer Allowed

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 30, 2022
Sold by
Graham Webster
Bought by
John Lamech Morris
Seller's Agent
Troy Gaskin
Corcoran Group
List Price
$550,000
Sold Price
$780,000
Premium/Discount to List
$230,000
41.82%
Views
6
Current Estimated Value
$811,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,499
Avg. Annual Appreciation
1.19%
Original Mortgage
$765,872
Outstanding Balance
$730,149
Interest Rate
4.99%
Mortgage Type
Unknown
Estimated Equity
$81,350

Purchase Details

Closed on
May 4, 2018
Sold by
Mcduffie Leta
Bought by
Graham Webster and Mcduffie Leta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 23, 2018
Sold by
Graham Webster and Mcduffie Leta
Bought by
Mcduffie Leta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.4%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
John Lamech Morris $780,000 --
Graham Webster -- --
Mcduffie Leta -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open John Lamech Morris $765,872
Previous Owner Mcduffie Leta $735,000
Previous Owner Mcduffie Leta $735,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2022 08/30/22 Sold $780,000 +48.6% $496 / Sq Ft
07/25/2022 07/25/22 Price Changed $525,000 -4.5% $334 / Sq Ft
06/25/2022 06/25/22 For Sale $550,000 -- $350 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $6,855 $38,880 $9,240 $29,640
2024 $6,855 $44,580 $9,240 $35,340
2023 $6,584 $51,060 $9,240 $41,820
2022 $6,106 $46,560 $9,240 $37,320
2021 $6,437 $45,900 $9,240 $36,660
2020 $4,828 $39,900 $9,240 $30,660
2019 $5,949 $39,900 $9,240 $30,660
2018 $5,507 $27,016 $7,088 $19,928
2017 $5,196 $25,488 $8,441 $17,047
2016 $5,095 $25,488 $7,727 $17,761
2015 $2,680 $25,122 $9,525 $15,597
2014 $2,680 $23,700 $10,260 $13,440
Source: Public Records

Agents Affiliated with this Home

  • Troy Gaskin

    Seller's Agent in 2022

    Troy Gaskin

    Corcoran Group

    (917) 806-8933

    2 in this area

    17 Total Sales

    Troy Gaskin
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10792833

Real Estate Board of New York (REBNY)

APN: 07757-0066

New York Kings County Brooklyn 11234 Flatlands

1078 E 54th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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