NOT LISTED FOR SALE

Estimated Value: $1,985,000 - $2,356,878

10 Beds
4 Baths
3,150 Sq Ft
$686/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $1,950,000 $619 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,874/month

35 Days on Market

About This Home

As of May 2022

Real Estate Dreams

In the heart of prime Clinton Hill is a true real estate gem that is great the buyer seeking a property with untapped income potential. 119 Waverly Avenue is a 3150 Sq Ft property defined as a 4-Unit home that exudes "prepare for amazing returns on your investment". With its amazing location and extremely low taxes--$1272 a year--it doesn't matter whether you want to live here or utilize it strictly as an investment property, your real estate dreams will come true.



Over the years this home has received timely upgrades to ensure it is always move-in ready. Its standard finishes make it a blank canvas for you to come in and make it your own. If you're looking to live here with tenants, you can surely live here as-is and occupy a floor, or you can return it to its original layout as a 3-Units. At one point, the parlor and garden levels were connected to create a palatial 4-Bed, 2-Bath duplex; simply adding a staircase will restore its former glory. You can truly live your best life here.



Currently, the garden apartment is a 1-Bed, 1-Bath with tons of storage, a spacious living room, and an equally large open kitchen with ample dining. The parlor floor is a 2-Bed, 1-Bath unit with a versatile layout that allows its occupant to decide where they want to put their living room. The second and third floors are 3-Bed, 2-Bath units with generously proportioned rooms and great storage--there is also versatility in how they can be utilized which has been historically appealing for renters here. Whatever a renter desires, they have the space to do it here, and you'll have the advantage to command competitive rents. Each floor's electric and mechanicals have been upgraded, so they're separately metered which keeps owner expenses low. When this home's amazing price, low taxes, dynamic square footage, great location, and moderate expenses are considered, you'll understand why it's a top-notch investment.



119 Waverly Avenue resides in one of Brooklyn's most desired neighborhoods--Clinton Hill--so finding renters will never be an issue. Its rich history and current happenings have summoned residents from all over the world. Great restaurants, chic shops, and strategic local amenities ensure it is a place worth coming home to. Nearby you'll find the iconic Fort Greene Park, Barclay's Arena, City Point Mall, the Brooklyn Academy of Music, and so much more. And you're just two blocks from the Navy Yard, less than 10 minutes from Dumbo, and less than twenty minutes from Manhattan. This location is everything. If you were looking for a dream home with limitless potential, look no further. Find Your Sweet Spot.

Last Agent to Sell the Property

Toni Martin

Corcoran Group License #10301207190 Listed on: 10/11/2021

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,789

Lot Details

  • 1,873

Home Design

Interior Spaces

  • 3-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 01889

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,789

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Washer Dryer Allowed
  • Rooms (Total): 15

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 10

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 3

Tax Info

  • Tax Block: 01889

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
May 11, 2022
Sold by
Turpin Crystal
Bought by
119 Waverly Llc
Seller's Agent
Toni Martin
Corcoran Group
List Price
$2,395,000
Sold Price
$1,950,000
Premium/Discount to List
-$445,000
-18.58%
Current Estimated Value
$2,304,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,242
Avg. Annual Appreciation
4.24%

Purchase Details

Closed on
May 22, 2002
Sold by
Henry-Haynes Joyce
Bought by
Turpin Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,200
Interest Rate
6.61%

Purchase Details

Closed on
May 14, 2001
Sold by
Ademu-John Shika
Bought by
Henry-Haynes Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,450
Interest Rate
7.21%

Purchase Details

Closed on
Jun 18, 1996
Sold by
The Lacran Corp
Bought by
Ademu John Shika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.24%
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
119 Waverly Llc $1,950,000 --
Turpin Crystal -- --
Henry-Haynes Joyce -- --
Ademu John Shika $87,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 119 Waverly Llc $2,000,000
Previous Owner Turpin Crystal $4,957
Previous Owner Turpin Crystal $200,000
Previous Owner Turpin Crystal $97,600
Previous Owner Turpin Crystal $465,200
Previous Owner Henry-Haynes Joyce $353,450
Previous Owner Ademu John Shika $25,000
Previous Owner Ademu John Shika $120,000
Closed Ademu John Shika $12,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $1,950,000 -18.6% $619 / Sq Ft
01/18/2022 01/18/22 For Sale $2,395,000 -- $760 / 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 $1,789 $156,600 $22,440 $134,160
2024 $1,789 $170,040 $22,440 $147,600
2023 $1,707 $172,620 $22,440 $150,180
2022 $1,296 $166,920 $22,440 $144,480
2021 $1,279 $146,580 $22,440 $124,140
2020 $959 $122,520 $22,440 $100,080
2019 $1,260 $129,240 $22,440 $106,800
2018 $1,130 $7,003 $1,526 $5,477
2017 $1,047 $6,607 $1,472 $5,135
2016 $937 $6,235 $1,363 $4,872
2015 $532 $6,235 $1,814 $4,421
2014 $532 $6,186 $2,161 $4,025
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10770506

Real Estate Board of New York (REBNY)

APN: 01889-0012