NOT LISTED FOR SALE

1216 Sheepshead Bay Rd Brooklyn, NY 11235

Sheepshead Bay Neighborhood

Estimated Value: $946,168 - $1,145,000

2 Beds
2 Baths
1,600 Sq Ft
$655/Sq Ft Est. Value

Last Sold May 03, 2018

Last sale price $678,500 $424 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,952/month

Highlights

  • Wood Flooring
  • Cooling Available
  • Back Yard

About This Home

As of May 2018

Tremendous investment opportunity on Sheepshead Bay Road! This single-family home can be delivered separately or as a package deal with the property directly next door. This parcel of prime Sheepshead Bay Real Estate is an astonishing opportunity for a visionary end user or a developer! On a 5,400 square foot lot with R4 zoning, this property is perfectly positioned for profitability. The home itself is a 2-bedroom home with the living room, dining room, kitchen and a full bathroom on the first floor with 2-bedrooms and another full bathroom upstairs. The true value of this opportunity is realized as a package with the property next door, together these properties present as a developer’s dream, right in the heart of Sheepshead Bay. This area is booming, just perfect and ripe for re-development, call today!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,060

Year Built

  • Built in 1930

Lot Details

  • 2,487 Sq Ft Lot
  • Lot Dimensions are 92 x 27
  • Back Yard
  • Property is zoned R4

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Shared Driveway

Utilities

  • Cooling Available

Listing and Financial Details

  • Tax Block 7414

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,060

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Beds Total Level2: 2
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 640
  • Building Length: 32.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117790
  • Co List Office Phone: (718) 942-5952
  • Confirmed By M L S Y N: Yes
  • Cross Street: AVENUE X
  • Cross Street Name2: EAST 14TH ST
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: 1 Space
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Single Family
  • Prop. Type: Residential
  • Residential Features: Microwave, Refrigerator, Stove
  • Rooms Total Level1: 3
  • Rooms Total Level2: 2
  • Fill Sq Ft Total: 1600
  • Building Stories: 2
  • Street Name I D X: Sheepshead Bay
  • Street Number I D X: 1216
  • Building Style: Other
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Hardwood
  • Lot Sq Ft: 2487
  • Room Count: 8
  • Total Rooms: 5

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 48
  • Roof: Other

Utilities

  • Air Conditioning Units: 1
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 92
  • Lot Size Width: 27
  • Zoning: R4

Tax Info

  • Flip Tax Amount: 4060.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2018
Closed on
May 3, 2018
Sold by
Rayham Realty Llc
Bought by
Cohen Rafi
Sold Price
$678,500
Current Estimated Value
$1,048,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,042
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Jan 12, 2017
Sold by
Rayham Marina and Rayham Roman
Bought by
Rayham Realty Llc

Purchase Details

Closed on
May 17, 2016
Sold by
Gauser Nancy and Gauser Richard
Bought by
Rayham Marina and Rayham Roman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2001
Sold by
Gauser Nancy
Bought by
Gauser Richard and Gauser Nancy

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
6.85%

Purchase Details

Closed on
Sep 23, 1999
Sold by
Oreti Raymond
Bought by
Gauser Nancy
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
Cohen Rafi $687,500 --
Rayham Realty Llc -- --
Rayham Marina $450,000 --
Gauser Richard -- --
Gauser Nancy -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rayham Marina $360,000
Previous Owner Gauser Richard $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2018 05/03/18 Sold $678,500 -- $424 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $5,435 $66,600 $10,500 $56,100
2024 $5,435 $58,440 $10,500 $47,940
2023 $5,233 $60,240 $10,500 $49,740
2022 $4,887 $55,320 $10,500 $44,820
2021 $5,129 $48,900 $10,500 $38,400
2020 $3,847 $45,660 $10,500 $35,160
2019 $4,717 $45,660 $10,500 $35,160
2018 $4,377 $21,474 $4,411 $17,063
2017 $4,158 $20,398 $5,543 $14,855
2016 $4,060 $20,308 $6,569 $13,739
2015 $1,571 $19,910 $8,660 $11,250
2014 $1,571 $18,792 $8,174 $10,618
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 417677

Brooklyn Board of REALTORS®

APN: 07414-0048

New York Kings County Brooklyn 11235 Sheepshead Bay

1216 Sheepshead Bay Rd, Brooklyn, NY

This home is located at 1216 Sheepshead Bay Rd, Brooklyn, NY 11235 since 06 February 2018 and is currently estimated at $1,048,542, approximately $655 per square foot. This property was built in 1930. 1216 Sheepshead Bay Rd is a home located in Kings County with nearby schools including P.S. 209 Margaret Mead, P.S. K225 - The Eileen E. Zaglin School, and St Mark School.

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