NOT LISTED FOR SALE

Estimated Value: $1,595,000 - $2,040,619

5 Beds
2.5 Baths
2,706 Sq Ft
$642/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $1,262,500 $467 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $9,629/month

57 Days on Market

Highlights

  • Community Garden
  • Garden
  • 3-minute walk to President Street

About This Home

As of March 2021

Welcome home to Union Street! Looking for a home with more space? How about a pre-war home with character? How about a home with a backyard? If you answered yes to these three questions, then look no further than 1162 Union Street. This two-family brick townhouse in Crown Heights features over 2,700 square feet of interior living space. The backyard includes an additional 800 square feet of outdoor living space. Bring your architect and imagination with you when you come to visit this home. The possibilities here are endless.

Constructed nearly a century ago in 1915, the building still includes details from a bygone era. The building has been well-maintained throughout the years, however, it's in need of modern updating. There is a lot to love about this home. The decorative fireplace and archway door will bring you back in time. The wood floors are still in great condition. The roof has been well maintained. A new furnace was installed in 2018. It's a true value-add opportunity in one of Brooklyn's hottest residential neighborhoods.



1162 Union Street is centrally-located within a short distance of many attractions including the Brooklyn Botanic Garden, the Brooklyn Museum, Medgar Evers College, the Bedford Union Armory, SUNY Downstate Medical Center, the Barclays Center, and Prospect Park. It's a quick commute into Manhattan from this location by car or train. The 2, 3, 4, 5 subway trains are nearby. The Long Island Rail Road station also stops nearby on Bedford & Atlantic Avenue. The building is being sold "as is." This opportunity won't last long. Call or email the listing agents to schedule a private showing today.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,397

Year Built

  • Built in 1915

Lot Details

  • 1,784 Sq Ft Lot
  • Lot Dimensions are 20.33 x 87.75
  • Garden

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 2,706 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

Overview

  • 2 Units
  • Crown Heights Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,397

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Exposures: North,South
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 2706.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Building Garden, Garden

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Area: 1784.0
  • Lot Size Dimensions: 20.33 x 87.75

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1915

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Mar 4, 2021
Sold by
Ingram Karen and Mckenzie Dawn
Bought by
Rauschnabel Kathrin and Rauschnabel Markus
List Price
$1,399,000
Sold Price
$1,262,500
Premium/Discount to List
-$136,500
-9.76%
Current Estimated Value
$1,738,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,655
Avg. Annual Appreciation
6.06%
Original Mortgage
$946,875
Outstanding Balance
$853,071
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$797,972

Purchase Details

Closed on
Jan 30, 2017
Sold by
Hubbard Marjorie
Bought by
Mckenzie Dawn
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
Rauschnabel Kathrin $1,262,500 --
Mckenzie Dawn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rauschnabel Kathrin $946,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2021 03/05/21 Sold $1,262,500 -9.8% $467 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $1,399,000 -- $517 / 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 $5,397 $101,220 $17,220 $84,000
2024 $5,397 $96,780 $17,220 $79,560
2023 $5,458 $100,800 $17,940 $82,860
2022 $5,323 $100,920 $17,940 $82,980
2021 $4,053 $93,840 $17,940 $75,900
2020 $1,242 $113,760 $17,940 $95,820
2019 $4,685 $125,820 $17,940 $107,880
2016 $3,570 $20,966 $6,313 $14,653
2015 $2,090 $19,780 $8,709 $11,071
2014 $2,090 $18,662 $8,558 $10,104
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10809021

Real Estate Board of New York (REBNY)

APN: 01275-0014