NOT LISTED FOR SALE

1238 Bedford Ave Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $3,115,433

7 Beds
8 Baths
4,000 Sq Ft
$779/Sq Ft Est. Value

Last Sold June 09, 2014

Last sale price $1,200,000 $300 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $18,124/month

26 Days on Market

Highlights

  • Deck
  • 3-minute walk to Franklin Avenue (A,C,S Line)
  • Heating System Uses Steam
  • Wood Flooring
  • Home Office
  • 1-minute walk to John Hancock Playground

About This Home

As of June 2014

Solid Walk Up 8 Family. 1st Floor Front Is Being Used As An Office With Bath. 22 Rooms, 7 Bedrooms, 8 Baths. Some Updated Apartments. Full Un-Finished Base. All Tenants Have Year To Year Leases. Yearly Expenses: Heat: $7800 Insurance: $4235 Water & Sewer: $2920 Taxes: $6851.Yearly Rental Income Is $67K Without Office. Close To Transport & Shopping. Great Potential.

Last Agent to Sell the Property

Eddie Saeed

Keller Williams Rlty Landmark Brokerage Phone: 718-475-2700 License #30SA1110834 Listed on: 02/04/2014

Keller Williams Rlty Landmark

Last Buyer's Agent

Eddie Saeed

Keller Williams Rlty Landmark Brokerage Phone: 718-475-2700 License #30SA1110834 Listed on: 02/04/2014

Keller Williams Rlty Landmark

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,851

Year Built

  • Built in 1930

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20 x 100
  • Two or More Common Walls
  • East Facing Home

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,000 Sq Ft Home
  • Home Office
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Oven

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 8 Units

Listing and Financial Details

  • Exclusions: Dishwasher,Dryer,Washer
  • Legal Lot and Block 24 / 2000
  • Assessor Parcel Number 02000-0024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,851

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Property Condition: Good
  • Exclusions: Dishwasher,Dryer,Washer
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 718-475-2700
  • BuildingSize: 20 X 50
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Interior Amenities: Home Office
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 8
  • Basement: Full, Unfinished
  • Inclusions: Refrigerator
  • Total Bedrooms: 7
  • Living Area: 4000
  • SquareFootage: 4000.00
  • NumberOfKitchens: 7

Exterior Features

  • Direction Faces: East
  • Construction Materials: Brick
  • Patio and Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Garage: No

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Steam, Natural Gas
  • Sewer: Sewer
  • Utilities: Sewer Available
  • Water Source: Public
  • SeparateHotwaterHeaterDetail: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 20 X 100
  • Lot Size Sq Ft: 2000
  • Parcel Number: 02000-0024
  • Zoning Description: R6A
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 8

Tax Info

  • Tax Annual Amount: 6851
  • Tax Block: 2000
  • Tax Lot: 24
  • Tax Map Number: 02000-0024

MLS Schools

  • Middle School District: Brooklyn 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2018
Sold by
Fresh Investing Inc
Bought by
1238 Bedford Llc
Current Estimated Value
$3,115,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Listed on
Feb 4, 2014
Closed on
Jun 9, 2014
Sold by
Charlene Blutcher Trustee and The Charlene Blutcher Revocable Trust
Bought by
Fresh Investing Inc
Seller's Agent
Eddie Saeed
Keller Williams Rlty Landmark
Buyer's Agent
Eddie Saeed
Keller Williams Rlty Landmark
List Price
$1,425,000
Sold Price
$1,200,000
Premium/Discount to List
-$225,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%

Purchase Details

Closed on
Jun 15, 1994
Sold by
Blutcher Charlene
Bought by
Blutcher Charlene and Charlene Blutcher Revocable Trust

Purchase Details

Closed on
Nov 17, 1993
Sold by
Blutcher Willie G
Bought by
Blutcher Charlene
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
1238 Bedford Llc $2,450,000 --
1238 Bedford Llc $2,450,000 --
Fresh Investing Inc $1,200,000 --
Fresh Investing Inc $1,200,000 --
Blutcher Charlene -- --
Blutcher Charlene -- --
Blutcher Charlene -- --
Blutcher Charlene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 1238 Bedford Llc $0
Open 1238 Bedford Llc $608,055
Closed 1238 Bedford Llc $608,055
Previous Owner Fresh Investing Inc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2014 06/09/14 Sold $1,200,000 -15.8% $300 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
02/04/2014 02/04/14 For Sale $1,425,000 -- $356 / Sq Ft
Source: OneKey® MLS

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 $12,802 $320,400 $13,950 $306,450
2024 $12,802 $300,780 $13,950 $286,830
2023 $11,638 $250,650 $13,950 $236,700
2022 $10,748 $208,800 $13,950 $194,850
2021 $10,432 $166,860 $13,950 $152,910
2020 $5,129 $162,000 $13,950 $148,050
2019 $9,934 $135,000 $13,950 $121,050
2018 $9,282 $72,976 $9,049 $63,927
2017 $8,595 $67,574 $9,653 $57,921
2016 $8,434 $65,419 $10,294 $55,125
2015 $5,237 $65,419 $12,071 $53,348
2014 $5,237 $60,593 $13,417 $47,176
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Eddie Saeed

    Keller Williams Rlty Landmark

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Map

Source: OneKey® MLS

MLS Number: KEY2645122

OneKey® MLS

APN: 02000-0024

New York Kings County Brooklyn 11216 Bed-Stuy

1238 Bedford Ave, Brooklyn, NY

This home is located at 1238 Bedford Ave, Brooklyn, NY 11216 since 04 February 2014 and is currently estimated at $3,115,433, approximately $778 per square foot. This property was built in 1930. 1238 Bedford Ave is a home located in Kings County with nearby schools including P.S. 3 - The Bedford Village, Leadership Preparatory Bedford Stuyvesant Charter School, and The Co-op School.

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