Seller's Agent in 2023
Priscilla Tran
Momentum Real Estate LLC
(917) 548-6668
3 in this area
45 Total Sales
1248 Avenue U Brooklyn, NY 11229
Sheepshead Bay NeighborhoodEstimated Value: $1,622,579
--
Bed
--
Bath
2,000
Sq Ft
$811/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 2-minute walk to Avenue U (Q Line)
- Back Yard
- Jhs 234 Arthur W Cunningham Rated A-
- Heating System Uses Steam
About This Home
As of September 2023Mix-use property, Prime location on Ave U in Sheepshead Bay. High traffic location between Coney Island Avenue and Ocean Avenue 3 blocks to express Q & B train. B3 bus conveniently stops on the same block. 1000 Sqft. Medical office (20x50) with full basement. Highly reliable tenants seeking new friendly owners to enjoy these long-term high income producing commercial tenant. ($ 7,102 per month, leased out to stable Eye Doctor office until February 2024 with additional 3 years option. Lease extension available and preferred. The 2nd floor residential 3 bedroom apartment rented $1900 per month with lease to April 2024. High return
(min.6%+ cap rate) investment opportunity
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,845
Year Built
- Built in 1927
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
- Property is zoned R5
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,000 Sq Ft Home
- 2-Story Property
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Community Details
- Gross Income $108,024
Listing and Financial Details
- Tax Block 7345
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 3, 2022
Closed on
Sep 22, 2023
Sold by
Tsm Associates Incorporated
Bought by
Good Fortune 88 Llc
Seller's Agent
Priscilla Tran
Momentum Real Estate LLC
Buyer's Agent
Priscilla Tran
Momentum Real Estate LLC
List Price
$1,599,000
Sold Price
$1,573,000
Premium/Discount to List
-$26,000
-1.63%
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,579
Avg. Annual Appreciation
0.45%
Purchase Details
Closed on
Nov 24, 1997
Sold by
Moy Spencer T and Moy Ton H
Bought by
Tsm Associates Inc
Purchase Details
Closed on
Feb 16, 1996
Sold by
Goodman Sheldon and Goodman Nancy
Bought by
Moy Spencer T and Moy Ton H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
6.47%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Good Fortune 88 Llc | $1,573,000 | -- | |
| Tsm Associates Inc | -- | Chicago Title Insurance Co | |
| Moy Spencer T | $355,000 | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Moy Spencer T | $213,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/22/2023 09/22/23 | Sold | $1,573,000 | -1.6% | $787 / Sq Ft |
| 10/03/2022 10/03/22 | Pending | -- | -- | -- |
| 10/03/2022 10/03/22 | For Sale | $1,599,000 | -- | $800 / Sq Ft |
Source: Brooklyn Board of REALTORS®
Tax History Compared to Growth
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 | $9,999 | $65,640 | $24,120 | $41,520 |
| 2024 | $9,999 | $62,760 | $24,120 | $38,640 |
| 2023 | $9,539 | $56,040 | $24,120 | $31,920 |
| 2022 | $8,845 | $51,660 | $24,120 | $27,540 |
| 2021 | $8,797 | $50,160 | $24,120 | $26,040 |
| 2020 | $6,598 | $60,420 | $24,120 | $36,300 |
| 2019 | $8,678 | $63,600 | $24,120 | $39,480 |
| 2018 | $7,978 | $39,139 | $17,819 | $21,320 |
| 2017 | $7,527 | $36,924 | $18,014 | $18,910 |
| 2016 | $6,964 | $34,836 | $20,384 | $14,452 |
| 2015 | $4,201 | $34,836 | $21,380 | $13,456 |
| 2014 | $4,201 | $34,572 | $21,218 | $13,354 |
Source: Public Records
Agents Affiliated with this Home
-
Priscilla Tran
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 466959
APN: 07345-0008
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