NOT LISTED FOR SALE

1232 E 55th St Brooklyn, NY 11234

Flatlands Neighborhood

Estimated Value: $789,000 - $1,451,000

7 Beds
5 Baths
3,234 Sq Ft
$372/Sq Ft Est. Value

Last Sold October 28, 2023

Last sale price $1,080,000 $334 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,049/month

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Baseboard Heating
  • Terrace
  • Multiple cooling system units
  • Private Driveway

About This Home

As of October 2023

New to market, this large 2 family brick home in the heart of Old Mill Basin over 3,200 sqft of living space features 3 bedrooms with 1 full bath and a half bath in the master bedroom, huge living and dining room, and nice sized eat in kitchen over a large 2 bedrooms split with 1 ½ bath with yard, private drive, and garage. It also includes 2 room hospitality suite for mom with finished basement and separate entrance. This money making property will not last. Come and make this your home and live rent free or keep it as an investment and generating income.

Last Agent to Sell the Property

Maria Fabbro

Listed on: 09/11/2023

Last Buyer's Agent

Maria Fabbro

Listed on: 09/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,334

Year Built

  • Built in 1975

Lot Details

  • 2,083 Sq Ft Lot
  • Lot Dimensions are 100 x 21
  • Back and Front Yard

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Pitched Roof

Interior Spaces

  • 3,234 Sq Ft Home
  • 3-Story Property
  • Window Treatments
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Private Driveway

Outdoor Features

  • Terrace

Utilities

  • Multiple cooling system units
  • Baseboard Heating
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Tax Block 7802

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,334

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Total Bathrooms: 5.00
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 21.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue J
  • Cross Street Name2: Avenue K
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 1 Space, Attached Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Refrigerator, Stove, Terrace, Washer, Window Treatments, Other
  • Fill Sq Ft Total: 3234
  • Building Stories: 3
  • Street Name I D X: 55th
  • Year Built: 1975
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Basement Half Bathrooms: 2
  • Total Bedrooms: 7
  • Flooring: Hardwood
  • Lot Sq Ft: 2083

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 173
  • Roof: Pitched

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 21
  • Zoning: R4

Tax Info

  • Flip Tax Amount: 8334.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2023
Closed on
Oct 25, 2023
Sold by
Becker Leo and Toni Becker Revocable Trust
Bought by
Chen Stephanie M and Lee Alan K
Seller's Agent
Maria Fabbro
Buyer's Agent
Maria Fabbro
List Price
$1,129,000
Sold Price
$1,080,000
Premium/Discount to List
-$49,000
-4.34%
Views
19
Current Estimated Value
$1,202,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,620
Avg. Annual Appreciation
5.03%
Original Mortgage
$1,043,955
Outstanding Balance
$1,025,709
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$176,911

Purchase Details

Closed on
Apr 26, 2021
Sold by
Becker Toni
Bought by
Leo Becker As Trustee and Leo
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Chen Stephanie M $1,080,000 --
Leo Becker As Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Stephanie M $1,043,955
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2023 10/28/23 Sold $1,080,000 -4.3% $334 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $1,129,000 -- $349 / Sq Ft
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 $9,207 $46,620 $12,240 $34,380
2024 $9,207 $45,840 $12,240 $33,600
2023 $8,988 $55,740 $12,240 $43,500
2022 $8,574 $55,980 $12,240 $43,740
2021 $8,334 $47,460 $12,240 $35,220
2020 $8,431 $41,280 $12,240 $29,040
2019 $8,269 $41,280 $12,240 $29,040
2018 $7,602 $37,292 $11,999 $25,293
2017 $7,172 $35,182 $12,144 $23,038
2016 $6,635 $33,192 $9,856 $23,336
2015 $4,003 $33,192 $10,825 $22,367
2014 $4,003 $32,942 $12,422 $20,520
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Maria Fabbro

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 476773

Brooklyn Board of REALTORS®

APN: 07802-0173

New York Kings County Brooklyn 11234 Flatlands

1232 E 55th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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