NOT LISTED FOR SALE
11 Beds
8 Baths
4,400 Sq Ft
1905 Built

Last Sold June 06, 2019

Last sale price $1,995,000 $453 Per Sq Ft

239 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • Patio
  • P.S. 5 Dr Ronald Mcnair Rated 9+
  • Building Patio

About This Home

As of June 2019

With an estimated Cap Rate of 5.6% this is an outstanding opportunity for investors in one of Brooklyn's hottest neighborhoods! The impeccably gut-renovated, legal 4-family brick townhouse at 117 Ralph Avenue is in mint condition, and perfectly located on a historic block in vibrant Bedford Stuyvesant. Receive excellent rental income from 4 fabulous, spacious units featuring hardwood floors, recessed lighting and stylish modern finishes. Residence 1 is a 2 bedroom 2 bathroom garden unit with access to a large rear yard. Residences 2, 3 and 4 have 3 bedrooms and 2 baths. All sun-filled living/dining areas are complemented by beautiful open kitchens appointed with granite counters, tile backsplash and stainless steel appliances. Lovely contemporary bathrooms clad in designer wall and floor tiles and generous closet space optimize the appeal of these very refined units that won't be vacant long! The building also offers a basement with high ceilings and an open layout that can be used for storage and other purposes. Tenants pay their own utilities which is an excellent bonus for the owner. Residents enjoy convenience galore at a prime address that's moments from the Halsey Street (M/J/Z) subway stations, and in close proximity to restaurants, cafes, grocery stores, schools and more! **Note: Taxes will be significantly lower upon time of possession. Set up sheets available upon request**

Last Agent to Sell the Property

Martin Eiden

Compass License #10301206241 Listed on: 10/09/2018

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Home Design

  • Pre War Building

Interior Spaces

  • 4,400 Sq Ft Home
  • 4-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Full Bathrooms

Additional Features

  • Patio
  • Lot Dimensions are 20.0 x 72.0

Community Details

  • Stuyvesant Heights Subdivision
  • Building Patio

Listing and Financial Details

  • Legal Lot and Block 6 / 1487

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Listing Details

  • Cross Street: Jefferson Avenue/Hancock Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Stuyvesant Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 4400.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 8
  • Bathrooms Integer: 8
  • Bedrooms: 11

Exterior Features

  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 72.0

Building Info

  • Total Stories: 4
  • Year Built: 1905

Tax Info

  • Tax Block: 1487
  • Tax Lot: 6
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2019 06/06/19 Sold $1,995,000 0.0% $453 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
10/09/2018 10/09/18 For Sale $1,995,000 -- $453 / 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 $45,497 $467,100 $48,600 $418,500
2024 $45,497 $418,500 $48,600 $369,900
2023 $44,642 $476,550 $48,600 $427,950
2022 $41,227 $434,250 $48,600 $385,650
2021 $40,290 $347,400 $48,600 $298,800
2020 $15,044 $301,950 $48,600 $253,350
2019 $26,618 $300,600 $48,600 $252,000
2018 $23,808 $269,100 $48,600 $220,500
2017 $21,933 $261,450 $48,600 $212,850
2016 $20,173 $253,350 $48,600 $204,750
2015 $10,615 $181,350 $10,350 $171,000
2014 $10,615 $166,950 $10,350 $156,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10830167

Real Estate Board of New York (REBNY)
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