NOT LISTED FOR SALE

114 Erasmus St Brooklyn, NY 11226

Flatbush Neighborhood

Estimated Value: $956,000 - $1,241,000

6 Beds
2 Baths
1,620 Sq Ft
$683/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $1,150,000 $710 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,157/month

38 Days on Market

About This Home

As of May 2022

114 Erasmus St - Development site for sale in Flatbush an existing Two family two story bldg. This emerging sub-market in Brooklyn, having seen tremendous growth since 2017. The main corridors in the area are Flatbush Avenue, Bedford Avenue, Rogers Avenue and Nostrand Avenue, The area has attracted a number of new residential development, Additionally, it is in close proximity to Prospect Park and the iconic Kings Theater walking distance to Ditmas Park and Cortelyou Rd restaurants row. The property is located just three block from the 2 & 5 express trains at the Church Ave station, providing quick access to Manhattan.

This Development site has tremendous opportunity for the right developer;

Lot: 3,863 sqft
FAR: 2.43Zoning:
R6 (MODERATE DENSITY RESIDENTIAL) Overlay C2-3
Lot Size: 28.92' X 133.59' IRR
Buildable: 9,387

Owner motivated All cash offers considered (Please verify buildable sqft with your Architect)

Home Details

Home Type

  • Single Family

Parking

  • Garage

Interior Spaces

  • 1,620 Sq Ft Home
  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Community Details

  • Flatbush Subdivision

Home Details

Home Type

Single Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Flatbush
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1620.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 6

Garage/Parking

  • Garage: Yes

Building Info

  • Units: 1
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2022
Closed on
May 20, 2022
Sold by
Austin Orville
Bought by
Bhavan Condos Llc
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Current Estimated Value
$1,106,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,581
Avg. Annual Appreciation
-1.03%
Original Mortgage
$977,500
Outstanding Balance
$924,696
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$181,723

Purchase Details

Closed on
Nov 28, 1995
Sold by
Austin Orville
Bought by
Austin Orville
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
Bhavan Condos Llc $1,150,000 --
Bhavan Condos Llc $1,150,000 --
Bhavan Condos Llc $1,150,000 --
Austin Orville -- Transamerica Title Ins Compa
Austin Orville -- Transamerica Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhavan Condos Llc $977,500
Closed Bhavan Condos Llc $977,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $1,150,000 -8.0% $710 / Sq Ft
01/23/2022 01/23/22 For Sale $1,250,000 -- $772 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,945 $51,480 $24,660 $26,820
2024 $4,945 $49,200 $24,660 $24,540
2023 $4,718 $51,240 $25,680 $25,560
2022 $3,281 $41,940 $25,680 $16,260
2021 $3,645 $46,020 $25,680 $20,340
2019 $3,362 $61,680 $25,680 $36,000
2018 $3,946 $19,358 $6,021 $13,337
2017 $3,723 $18,264 $8,964 $9,300
2016 $3,651 $18,264 $12,101 $6,163
2015 $2,078 $18,124 $10,286 $7,838
2014 $2,078 $17,099 $9,493 $7,606
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10800663

Real Estate Board of New York (REBNY)

APN: 05108-0016

New York Kings County Brooklyn 11226 Flatbush

114 Erasmus St, Brooklyn, NY

Not Listed for Sale

Detached

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

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