NOT LISTED FOR SALE

Estimated Value: $1,195,000 - $1,517,000

6 Beds
4.5 Baths
3,448 Sq Ft
$380/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $1,134,200 $329 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,166/month

46 Days on Market

About This Home

As of July 2023

WOW! Where do you even begin? This is hands down, not even close the largest legal two family home you may ever see. Spanning almost 3,500 internal square feet and sitting on an absolute monster 30x173 lot, you really would be hard pressed to find anything like this in Brooklyn. This is the first sale of this home since the original owners bought it, a home like this is something you hold on to for a very long time. This is an estate sale and this home needs a cosmetic updating but the way this home is laid out is truly something special. The owner can enjoy a three bedroom, two and half bath TRIPLEX all while having an income producing three bedroom and two bath duplex! If you don't need the triplex you can also rent that and live in the duplex. Which ever you choose the rental income produced by either unit will offset a huge portion of your mortgage payment. This building has a foot print of 22x57, the sun deck off of the kitchen in the triplex spans 22 feet long, the back yard that remains is still almost 100 feet long. There is a garage and a driveway, this home is being sold in as is condition and will be delivered vacant. This is one of the more special homes you will find available right now, an enormous owners apartment, a huge tenants apartment and a country like backyard right here in Brooklyn.

Last Agent to Sell the Property

Louis Belisario

Revived Residential License #10301206828 Listed on: 03/07/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,269

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 30.5 x 173.0

Interior Spaces

  • 3,448 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms

Community Details

  • Georgetown Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / 8357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,269

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Avenue L/Avenue M
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Georgetown
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 3448.0
  • Living Area Units: Square Feet
  • Rooms (Total): 17

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 30.5 x 173.0

Building Info

  • Total Stories: 3
  • Year Built: 1970

Tax Info

  • Tax Block: 8357
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
Jul 31, 2023
Sold by
Estate Of Eileen Drucker and Richard
Bought by
Farooq Umer and Noor Asfia
Seller's Agent
Louis Belisario
Revived Residential
List Price
$1,150,000
Sold Price
$1,134,200
Premium/Discount to List
-$15,800
-1.37%
Views
283
Current Estimated Value
$1,311,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,898
Avg. Annual Appreciation
7.33%
Original Mortgage
$1,038,643
Outstanding Balance
$1,016,587
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$291,714
Source: Public Records

Range of Values:

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
Farooq Umer $1,134,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farooq Umer $1,038,643
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $1,134,200 +3.1% $329 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
04/12/2023 04/12/23 Price Changed $1,100,000 -4.3% $319 / Sq Ft
03/08/2023 03/08/23 For Sale $1,150,000 -- $334 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $12,269 $71,400 $18,000 $53,400
2024 $12,269 $80,820 $18,000 $62,820
2023 $10,840 $89,520 $18,000 $71,520
2022 $4,382 $81,780 $18,000 $63,780
2021 $4,687 $71,520 $18,000 $53,520
2020 $4,687 $63,660 $18,000 $45,660
2019 $4,364 $59,520 $18,000 $41,520
2018 $4,101 $49,584 $15,609 $33,975
2017 $3,946 $46,779 $15,456 $31,323
2016 $3,698 $44,965 $17,633 $27,332
2015 $2,120 $42,420 $19,980 $22,440
2014 $2,120 $42,420 $19,980 $22,440
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10878816

Real Estate Board of New York (REBNY)

APN: 08357-0004