NOT LISTED FOR SALE

Estimated Value: $1,219,665 - $1,903,000

7 Beds
3.5 Baths
3,300 Sq Ft
$477/Sq Ft Est. Value

Last Sold May 21, 2019

Last sale price $1,400,000 $424 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,035/month

128 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • 3-minute walk to Irving Square Park

About This Home

As of May 2019

1161 Halsey is a two family 20 ft wide 55ft long brick house in Bushwick. With a high income producing rental in place and an impeccable high-end renovation by the current owner, this property is a must see. All the kitchens and bathrooms throughout the home were updated in 2015. The entire plumbing and electrical systems were replaced in 2015 a new water heater was installed In 2016 and the roof is new as of January 2018.

The property could function as a high-income rental property with a 5.3% cap rate as is or a perfect income generating home.

DUPLEX:

The owners three bedroom garden duplex with a garden has an open plan lower floor containing a large living room, dining room, and kitchen. The kitchen is bright and spacious and has a Samsung cooker, a Samsung microwave, dishwasher, and a large stainless steel sink. The kitchen cabinetry is by Cavalli Cabinets and the kitchen also has additional substantial shelving and storage. To one side of the kitchen counter is a dining room.

The living room is contiguous with the kitchen and dining area and affords ample space for relaxing. There is also a small corner office on this floor perfect for a laptop. Featured throughout the house are large plank oak floors, new radiators, A/C via a split system, two storage closets, and soffit lighting.

The second floor contains three bedrooms a reading room, bathroom, and washer dryer. The master suite is bright, spacious and newly finished with wide plank oak flooring and faces the back of the property. It has its own bathroom and a spacious walk-in closet.

The second bedroom which has been extended out another 19 foot again has oak plank flooring is facing the garden and has a second section that functions as a study/office making this bedroom perfect for guests.

The third bedroom faces the street and has a three section north-west facing a bowed window. The second bathroom in the hallway has been newly renovated. The washer dryer is also this floor in a closed off closet.

RENTAL :

The recently renovated four-bedroom one bathroom rental apartment on the third floor enjoys the same standard as the rest of the house.

Configured with an open plan kitchen with a skylight and dining room in the middle of the floor with two large bedrooms at the street and garden end of the building.

Garden:

The garden has a Pergola with finished pine decking and matching seating and storage. There is also a shed for storing gardening tools at the back end of the garden. Artificial grass covers by IT'S NOT GRASS the central area of the garden, and the fencing is pine. There is also a BBQ area to one side of the garden.

Public Transport :

Wilson Street ?L? train 6 min walk

Halsey Street ?J? Train 9 mins

B26 Bus servicing Bedford-Stuyvesant, Clinton Hill, Ft Greene, and downtown Brooklyn.

Last Agent to Sell the Property

Mick O'Connor

Compass License #10301212553 Listed on: 10/29/2018

Compass

Co-Listed By

Eileen Richter

Compass License #30RI0945815

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,634

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,300 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 7 Bedrooms

Community Details

  • Bushwick Subdivision

Listing and Financial Details

  • Legal Lot and Block 60 / 3404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,634

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Cross Street: Central Avenue/Wilson Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 3300.0
  • Living Area Units: Square Feet
  • Rooms (Total): 11

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 7

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1905

Tax Info

  • Tax Block: 3404
  • Tax Lot: 60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2018
Closed on
May 21, 2019
Sold by
Alderslade Jamie R and O'Hara Carolyn H
Bought by
Alpine Mgt Llc
Seller's Agent
Mick O'Connor
Compass
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,412,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,218
Avg. Annual Appreciation
1.90%
Original Mortgage
$38,035
Outstanding Balance
$33,578
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$1,540,088

Purchase Details

Closed on
Jul 2, 2015
Sold by
Stephen Troy
Bought by
Alderslade Jamie R and O'Hara Carolyn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,035
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2006
Sold by
Denord Jules and Denord June
Bought by
Stephen Troy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,800
Interest Rate
6.88%

Purchase Details

Closed on
Feb 16, 2001
Sold by
Big Apple Holding Corp
Bought by
Denord June and Denord Jules

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,813
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 12, 2000
Sold by
Felder Stacy Wingfield and Jarrels Bertha
Bought by
Big Apple Holding Corp

Purchase Details

Closed on
Apr 22, 1998
Sold by
Jarrels Marvin Steven
Bought by
Jarrels Bertha
Source: Public Records

Range of Values:

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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
Alpine Mgt Llc $1,400,000 --
Alpine Mgt Llc $1,400,000 --
Alderslade Jamie R $799,000 --
Alderslade Jamie R $799,000 --
Stephen Troy $574,000 --
Stephen Troy $574,000 --
Denord June $269,000 --
Denord June $269,000 --
Big Apple Holding Corp $81,000 Ticor Title Guarantee Compan
Big Apple Holding Corp $81,000 Ticor Title Guarantee Compan
Jarrels Bertha -- Commonwealth Land Title Ins
Jarrels Bertha -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alpine Mgt Llc $38,035
Closed Alpine Mgt Llc $38,035
Previous Owner Alderslade Jamie R $16,949
Previous Owner Alderslade Jamie R $691,035
Previous Owner Stephen Troy $114,800
Previous Owner Stephen Troy $459,200
Previous Owner Denord Jules $371,250
Previous Owner Denord Jules $290,000
Previous Owner Denord June $264,813
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2019 05/21/19 Sold $1,400,000 0.0% $424 / Sq Ft
03/07/2019 03/07/19 Pending -- -- --
10/29/2018 10/29/18 For Sale $1,400,000 -- $424 / 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 $3,634 $84,900 $10,740 $74,160
2024 $3,634 $67,080 $10,740 $56,340
2023 $3,470 $82,320 $10,740 $71,580
2022 $3,219 $86,220 $10,740 $75,480
2021 $3,204 $73,380 $10,740 $62,640
2020 $1,593 $64,620 $10,740 $53,880
2019 $3,154 $64,620 $10,740 $53,880
2016 $2,227 $12,688 $3,190 $9,498
2015 $1,309 $12,688 $3,161 $9,527
2014 $1,309 $12,565 $3,628 $8,937
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10019121

Real Estate Board of New York (REBNY)

APN: 03404-0060