1116 38th St Brooklyn, NY 11218
Borough Park NeighborhoodEstimated Value: $1,497,000 - $1,626,000
6
Beds
2
Baths
2,172
Sq Ft
$711/Sq Ft
Est. Value
Highlights
- Pre War Building
- Building Patio
- Patio
- P.S. 230 Doris L Cohen Rated A-
About This Home
As of May 2023Welcome to this newly listed home which features three levels and a full basement. The basement is equipped with ingress and egress options. Home offers a front patio, outdoor deck off the 2nd level in addition to giving access from the 1st floor and basement to a spacious backyard. This two family home situated in Borough Park is conveniently located in close proximity to the 'D' train line as well as the B16, B35 and B70 bus lines.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1899
Lot Details
- 1,903
Home Design
- Pre War Building
Interior Spaces
- 2,172 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Additional Features
- Patio
- Lot Dimensions are 20.0 x 95.0
Community Details
- Borough Park Subdivision
- Building Patio
Listing and Financial Details
- Legal Lot and Block 39 / 5290
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 20, 2022
Closed on
May 31, 2023
Sold by
Terrill Cletus D
Bought by
Posen Dov and Rotter Meir
List Price
$1,350,000
Sold Price
$1,375,000
Premium/Discount to List
$25,000
1.85%
Views
142
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,084
Avg. Annual Appreciation
4.58%
Original Mortgage
$1,100,000
Outstanding Balance
$1,070,800
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$473,284
Purchase Details
Closed on
Apr 15, 2005
Sold by
Gordon Gregory
Bought by
Gordon Joan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 1, 2000
Bought by
Terrill Cletus D
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Posen Dov | $1,375,000 | -- | |
| Gordon Joan | $280,000 | -- | |
| Terrill Cletus D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Posen Dov | $1,100,000 | |
| Previous Owner | Gordon Joan | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2023 05/31/23 | Sold | $1,375,000 | +1.9% | $633 / Sq Ft |
| 01/20/2023 01/20/23 | Pending | -- | -- | -- |
| 11/21/2022 11/21/22 | For Sale | $1,350,000 | -- | $622 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $6,131 | $98,580 | $22,980 | $75,600 |
| 2024 | $6,131 | $81,240 | $22,980 | $58,260 |
| 2023 | $6,141 | $82,560 | $22,980 | $59,580 |
| 2022 | $4,275 | $73,440 | $22,980 | $50,460 |
| 2021 | $5,670 | $67,260 | $22,980 | $44,280 |
| 2020 | $2,817 | $69,780 | $22,980 | $46,800 |
| 2019 | $5,321 | $55,980 | $22,980 | $33,000 |
| 2018 | $5,136 | $25,197 | $10,570 | $14,627 |
| 2017 | $4,851 | $23,796 | $12,217 | $11,579 |
| 2016 | $4,488 | $22,450 | $10,188 | $12,262 |
| 2015 | $2,488 | $22,442 | $13,284 | $9,158 |
| 2014 | $2,488 | $21,198 | $15,065 | $6,133 |
Source: Public Records
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10857175
APN: 05290-0039
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