NOT LISTED FOR SALE

114 Erasmus St Brooklyn, NY 11226

Flatbush Neighborhood

Estimated Value: $1,015,578

6 Beds
2 Baths
1,620 Sq Ft
$627/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2022

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

Est. 12% decrease in value since last sale

Current estimated payment $6,170 / mo

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)

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2022
Closed on
May 20, 2022
Sold by
Austin Orville
Bought by
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Current Estimated Value
$1,015,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$134,422
Avg. Annual Appreciation
-2.83%
Original Mortgage
$977,500
Outstanding Balance
$913,592
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$101,986

Purchase Details

Closed on
Nov 28, 1995
Sold by
Austin Orville and Gibbs Pauline
Bought by
Austin Orville
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Flatbush, NY

  • Gabriel Kashi Real Estate Agent - KEYSTONE REALTY USA CORP

    Gabriel Kashi

    KEYSTONE REALTY USA CORP

    (347) 658-5258

    407 Total Sales

    3 in Flatbush

    $1.1M - $1.3M Price Range

    Gabriel Kashi
     Section Image
  • Erica Sullivan Real Estate Agent - Erica Sullivan Properties LLC

    Erica Sullivan

    Erica Sullivan Properties LLC

    (347) 609-7297

    10 Total Sales

    1 in Flatbush

    $547,000 Price

    Erica Sullivan
     Section Image
  • Jamie Heinlein Real Estate Agent - Compass

    Jamie Heinlein

    Compass

    (646) 933-1437

    117 Total Sales

    5 in Flatbush

    $550K - $850K Price Range

    Jamie Heinlein
     Section Image
  • Gregory Valvo Real Estate Agent - Revived Residential

    Gregory Valvo

    Revived Residential

    (914) 775-7428

    63 Total Sales

    3 in Flatbush

    $285K - $465K Price Range

    Gregory Valvo
     Section Image
  • Hiram Borrero Real Estate Agent - Revived Residential

    Hiram Borrero

    Revived Residential

    (888) 613-3019

    34 Total Sales

    2 in Flatbush

    $1,325,000 Price Range

    Hiram Borrero
     Section Image
  • Olga Moldavsky Real Estate Agent - REMAX EDGE

    Olga Moldavsky

    REMAX EDGE

    (888) 477-2209

    139 Total Sales

    2 in Flatbush

    $1,375,000 Price Range

    Olga Moldavsky
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 --
Austin Orville -- Transamerica Title Ins Compa
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $510,000
Open -- $977,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,242 $54,540 $24,660 $29,880
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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

RLS Data display by Homes.com LLC

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