NOT LISTED FOR SALE

Estimated Value: $4,234,000 - $5,416,328

Studio
-- Bath
-- Sq Ft
2,483 Sq Ft Lot

Sale Details

Date Sold: February 2, 2016

Last sale price $3,100,000

Est. 49% increase in value since last sale

Current estimated payment $26,633 / mo

243 Days on Market

About This Home

As of February 2016

Reduced to sell $850/sq.ft! This restored four-family brownstone with rare three-story extension provides almost 4,000 square feet of living space (not including the finished basement), offering a host of options for the new owner(s). Create a lower duplex (approximately 2,200 square feet) and collect $7,000 per month in rental income from the top two floors. Enjoy the extra deep, south-facing garden with a lovely brick patio and the finished basement with separate back egress. Convert to an upper triplex with garden rental and collect over $3,000 per month in rental income while enjoying the top floor deck with fabulous, open views. Keep the townhouse as an income-producing venture and collect over $13,000 in monthly rental income. This property is the perfect candidate for a 1031 tax exchange, as all systems have been updated, including kitchens, baths, electric, plumbing and heating, roof, windows and facade. Located in Prime Prospect Heights, one of Brooklyn's most sought after neighborhoods, with the hottest eateries only blocks away. Minutes to the area's cultural treasures, including Prospect Park, Brooklyn Botanic Garden, Brooklyn Museum of Art, BAM and Grand Army Plaza. Also a convenient commute to Manhattan on the 2/3 or Q/B. The house is fully vacant.

Last Agent to Sell the Property

Charles Ruoff

Brown Harris Stevens Brooklyn LLC License #30RU1048281 Listed on: 10/05/2015

Brown Harris Stevens Brooklyn LLC

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,483

Home Design

Community Details

  • 4 Units
  • Prospect Heights Subdivision

Property Details

Home Type

Multi-Family

Lot Details

2,483 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Building Info

  • Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2015
Closed on
Feb 1, 2016
Sold by
126 St Mark'S Avenue L P
Bought by
Kadakia Avani and Patel Arjun Nitin
Seller's Agent
Charles Ruoff
Brown Harris Stevens Brooklyn LLC
List Price
$3,495,000
Sold Price
$3,100,000
Premium/Discount to List
-$395,000
-11.3%
Current Estimated Value
$4,614,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,514,332
Avg. Annual Appreciation
3.99%
Original Mortgage
$2,000,000
Outstanding Balance
$1,589,526
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,024,806

Purchase Details

Closed on
Mar 4, 2011
Sold by
Davila Ana
Bought by
126 St Mark'S Avenue L P

Purchase Details

Closed on
Jan 27, 2006
Sold by
Estate Of Herman Hazell and Samuel Hazell As
Bought by
Davila Ana
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
Kadakia Avani $3,100,000 --
Kadakia Avani $3,100,000 --
126 St Mark'S Avenue L P $1,900,000 --
126 St Mark'S Avenue L P $1,900,000 --
Davila Ana -- --
Davila Ana -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kadakia Avani $2,000,000
Closed Kadakia Avani $2,000,000
Closed Davila Ana $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2016 02/02/16 Sold $3,100,000 -11.3% --
01/03/2016 01/03/16 Pending -- -- --
05/04/2015 05/04/15 For Sale $3,495,000 -- --
Source: Real Estate Board of New York (REBNY)

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 $21,382 $241,500 $112,260 $129,240
2024 $21,382 $230,880 $112,260 $118,620
2023 $21,620 $204,060 $112,260 $91,800
2022 $21,093 $220,200 $112,260 $107,940
2021 $20,977 $231,240 $112,260 $118,980
2020 $9,838 $233,940 $112,260 $121,680
2019 $18,558 $186,000 $112,260 $73,740
2016 $8,089 $62,747 $27,782 $34,965
2015 $5,252 $62,747 $28,161 $34,586
2014 $5,252 $60,778 $21,807 $38,971
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10466589

Real Estate Board of New York (REBNY)

APN: 01150-0033

Your Personal Tour Guide

Ask me questions while you tour the home.