NOT LISTED FOR SALE

Estimated Value: $736,755 - $867,000

3 Beds
2 Baths
1,500 Sq Ft
$522/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $670,000 $447 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,522/month

73 Days on Market

About This Home

As of March 2023

Open House Cancel Today! Outstanding multi-family investment opportunity just hitting the market in red-hot East Flatbush! Rarely do we see such amazing 2-family investment properties arise in such a great location. The home itself is an attached 2-story townhouse with a 2-bedroom 1-bathroom unit on the top floor and a spacious 1-bedroom apartment on the garden level. There is also a full basement that runs the entire length of the building, perfect for laundry, utilities or added storage. With an astonishingly high rental market, this great investment home is move-in ready and poised to start generating income from day one! Between Linden Boulevard and Church Avenue, this home is located close to everything, right in the great Little Caribbean section of East Flatbush, close to Kings County and the SUNY Downstate Medical Center, not to mention just a few minutes' walk to the Winthrop Street 2&5 trains! With everything so close by and the rental market exploding all across the city.

Last Agent to Sell the Property

Davidson Joseph

Keller Williams Realty Greater License #10401299360 Listed on: 08/22/2022

Keller Williams Realty Greater

Co-Listed By

James Russo

Keller Williams Realty Liberty License #10401364173

Last Buyer's Agent

Jasmine Belotte

Keller Williams Realty Empire License #10401319452

Keller Williams Realty Empire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,378

Year Built

  • Built in 1910

Lot Details

  • 2,000 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Shingle Siding
  • Block Exterior

Interior Spaces

  • 1,500 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Brooklyn Institute For Liberal Arts Middle School
  • Brooklyn Academy Of Sci & Environ High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 0063 / 04872

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,378

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Building Size: 20 by 36ft
  • Year Built: 1910
  • New Construction: No
  • Attribution Contact: 516-873-7100
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full
  • Total Bedrooms: 3
  • Living Area: 1500.00
  • Kitchens: 2
  • Square Footage: 1500.00

Exterior Features

  • Construction Materials: Block, Brick, Frame, Shingle Siding
  • Flood Zone Report: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Sewer
  • Water Source: See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Brooklyn Institute For Liberal Arts

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Dimensions: 20 by 100ft
  • Lot Size Sq Ft: 2000.00
  • Lot Size Units: Acres
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2023-03-01
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 4378.00
  • Tax Block: 04872
  • Tax Lot: 0063

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • High School: Brooklyn Academy Of Sci & Environ
  • Middle School District: Brooklyn 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2024
Sold by
Bak2 Basics Llc
Bought by
Reyes Gina and Reyes Jessica
Current Estimated Value
$783,189

Purchase Details

Closed on
Sep 3, 2024
Sold by
Reyes Gina and Reyes Jessica
Bought by
Bak2 Basics Llc

Purchase Details

Listed on
Aug 22, 2022
Closed on
Mar 1, 2023
Sold by
Thomas Cynthia
Bought by
Reyes Gina and Reyes Jessica
Seller's Agent
Davidson Joseph
Keller Williams Realty Greater
Buyer's Agent
Jasmine Belotte
Keller Williams Realty Empire
List Price
$725,000
Sold Price
$670,000
Premium/Discount to List
-$55,000
-7.59%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%
Original Mortgage
$657,864
Interest Rate
6.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 2011
Sold by
Mclean Keith
Bought by
Thomas Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
4.88%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jul 22, 2005
Sold by
Mclean Keith
Bought by
Mclean Keith and Thomas Cynthia

Purchase Details

Closed on
Dec 14, 1996
Sold by
Thomas Cynthia
Bought by
Mclean Keith

Purchase Details

Closed on
Jul 24, 1995
Sold by
Reinhardt William J
Bought by
Thomas Cynthia and Mclean Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
7.48%

Purchase Details

Closed on
Jun 6, 1994
Sold by
Tull Mary
Bought by
Reinhardt William J and Capozucca Salvatore
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Reyes Gina -- --
Reyes Gina -- --
Bak2 Basics Llc -- --
Bak2 Basics Llc -- --
Reyes Gina $670,000 --
Reyes Gina $670,000 --
Reyes Gina $670,000 --
Thomas Cynthia -- --
Thomas Cynthia -- --
Mclean Keith -- --
Mclean Keith -- --
Mclean Keith -- --
Mclean Keith -- --
Thomas Cynthia $126,000 --
Thomas Cynthia $126,000 --
Reinhardt William J $75,000 --
Reinhardt William J $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reyes Gina $657,864
Previous Owner Thomas Cynthia $540,000
Previous Owner Thomas Cynthia $119,700
Closed Mclean Keith $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2023 03/01/23 Sold $670,000 -4.3% $447 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
09/13/2022 09/13/22 Price Changed $699,999 -3.4% $467 / Sq Ft
08/22/2022 08/22/22 For Sale $725,000 -- $483 / 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 $5,177 $48,780 $12,720 $36,060
2024 $5,177 $44,220 $12,720 $31,500
2023 $5,235 $47,280 $12,720 $34,560
2022 $4,188 $38,700 $12,720 $25,980
2021 $4,371 $32,280 $12,720 $19,560
2020 $4,160 $27,000 $12,720 $14,280
2019 $3,834 $21,480 $12,720 $8,760
2018 $4,390 $24,768 $10,962 $13,806
2017 $1,878 $24,768 $10,377 $14,391
2016 $1,836 $24,581 $10,745 $13,836
2015 $2,850 $23,190 $11,378 $11,812
2014 $2,850 $21,878 $12,876 $9,002
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3425360

OneKey® MLS

APN: 04872-0063