NOT LISTED FOR SALE

116 Sheridan Ave Brooklyn, NY 11208

East New York Neighborhood

Estimated Value: $693,253 - $988,000

6 Beds
2.5 Baths
1,848 Sq Ft
$492/Sq Ft Est. Value

Last Sold August 28, 2012

Last sale price $260,000 $141 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $5,364/month

2 Days on Market

Highlights

  • Colonial Architecture
  • 5-minute walk to Grant Avenue
  • Hot Water Heating System
  • Formal Dining Room
  • Eat-In Kitchen

About This Home

As of August 2012

Attached 2 Family Brick

Last Agent to Sell the Property

Khemraj Paul

Jaikaran Realty Corp Brokerage Phone: 718-848-7000 License #10401217732 Listed on: 07/27/2012

Co-Listed By

Moniram Manbode

Valley National Homes Inc Brokerage Phone: 718-848-7000 License #40MA0985064

Last Buyer's Agent

Khemraj Paul

Jaikaran Realty Corp Brokerage Phone: 718-848-7000 License #10401217732 Listed on: 07/27/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,200

Year Built

  • Built in 1950

Lot Details

  • 1,876 Sq Ft Lot
  • Lot Dimensions are 18 x 100
  • Two or More Common Walls

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Dishwasher,Dryer,Washer
  • Legal Lot and Block 41 / 4181
  • Assessor Parcel Number 04181-0041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,200

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: Fair
  • Exclusions: Dishwasher,Dryer,Washer
  • Year Built: 1950
  • New Construction: No
  • Attribution Contact: 718-848-7000
  • Co List Office Mls Id: ONEMKH01
  • Co List Office Phone: 718-848-7000
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Interior Amenities: Eat-in Kitchen, Formal Dining
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Finished, Full
  • Inclusions: Refrigerator
  • Total Bedrooms: 6
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Garage: No

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water, Natural Gas
  • Sewer: Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 18 X 100
  • Lot Size Sq Ft: 1876
  • Parcel Number: 04181-0041
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 3200
  • Tax Block: 4181
  • Tax Lot: 41
  • Tax Map Number: 04181-0041

MLS Schools

  • Middle School District: Brooklyn 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2013
Sold by
116 Sheridan Avenue Corp
Bought by
Montalvo Carlos and Montalvo Maria
Current Estimated Value
$908,563

Purchase Details

Listed on
Jul 27, 2012
Closed on
Aug 28, 2012
Sold by
Wilson Andrea and Wilson Raymond I
Bought by
116 Sheridan Avenue Corp
Seller's Agent
Khemraj Paul
Jaikaran Realty Corp
Buyer's Agent
Khemraj Paul
Jaikaran Realty Corp
List Price
$249,000
Sold Price
$260,000
Premium/Discount to List
$11,000
4.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.40%

Purchase Details

Closed on
May 24, 2007
Sold by
Racktoo Kenneth
Bought by
Wilson Andrea and Wilson Raymond I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Montalvo Carlos $515,000 --
Montalvo Carlos $515,000 --
116 Sheridan Avenue Corp $260,000 --
116 Sheridan Avenue Corp $260,000 --
Wilson Andrea $583,000 --
Wilson Andrea $583,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Andrea $522,000
Previous Owner Racktoo Kenneth $310,000
Previous Owner Racktoo Kenneth $240,000
Previous Owner Racktoo Kenneth $93,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2012 08/28/12 Sold $260,000 +4.4% $141 / Sq Ft
07/30/2012 07/30/12 Pending -- -- --
07/27/2012 07/27/12 For Sale $249,000 -- $135 / Sq Ft
Source: OneKey® MLS

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 $4,963 $52,980 $4,080 $48,900
2024 $4,963 $52,620 $4,080 $48,540
2023 $4,913 $49,380 $4,080 $45,300
2022 $4,829 $40,440 $4,080 $36,360
2021 $4,869 $40,800 $4,080 $36,720
2020 $3,438 $35,520 $4,080 $31,440
2019 $4,308 $35,520 $4,080 $31,440
2018 $4,217 $20,160 $2,376 $17,784
2017 $4,110 $20,160 $2,319 $17,841
2016 $3,854 $19,280 $2,832 $16,448
2015 $2,466 $18,189 $3,023 $15,166
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2012

    Khemraj Paul

    Jaikaran Realty Corp

    Section Image

  • M

    Seller Co-Listing Agent in 2012

    Moniram Manbode

    Valley National Homes Inc

  • Moe Khan

    Buyer Co-Listing Agent in 2012

    Moe Khan

    Valley National Homes Inc

    (646) 772-8290

    1 in this area

    9 Total Sales

    Moe Khan
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY2514994

OneKey® MLS

APN: 04181-0041

New York Kings County Brooklyn 11208 East New York

116 Sheridan Ave, Brooklyn, NY

This home is located at 116 Sheridan Ave, Brooklyn, NY 11208 since 27 July 2012 and is currently estimated at $908,563, approximately $491 per square foot. This property was built in 1950. 116 Sheridan Ave is a home located in Kings County with nearby schools including P.S. 214 - Michael Friedsam, Cypress Hills Ascend Charter Lower School, and East Brooklyn Ascend.

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