NOT LISTED FOR SALE

1307 Foster Ave Brooklyn, NY 11230

Ditmas Park Neighborhood

Estimated Value: $1,740,160

-- Bed
-- Bath
3,300 Sq Ft
$527/Sq Ft Est. Value

Last Sold September 12, 2019

Last sale price $1,350,000 $409 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $9,766/month

Highlights

  • Heating System Uses Steam
  • Ditmas Junior High school Rated A-
  • 4-minute walk to Newkirk Avenue (B,Q Line)

About This Home

As of September 2019

ATTENTION INVESTORS, DEVELOPERS AND END USERS Brick Mix-use 2 Family and store in prime location! Zoned R7A with an FAR of 4.0 and potential to build up to 9,720sq Ft!!! The brick building measures 20x50 and the Lot measures a whopping 21x111. The store is currently occupied with a lease ending in March 2020. The 2nd floor has a huge 4 bedroom apartment with living room, kitchen and full bath. The 3rd floor has a huge 4 bedroom apartment with living room, kitchen and full bath. There is also a full basement and an enormous backyard. Excellent investment property currently collecting $84,000 in Annual Gross Income and an Annual Net Operating Income of $70,800. Possession of both apartments may be possible to generate even more income! Unbelievable location on Foster Avenue only 2 minutes away from the B and Q Trains, all stores and surrounded by mansions. This property is a Perfect opportunity to build condos, or keep it as an income generating investment property! Please submit all offers with pre approval letter and proof of funds.

Last Agent to Sell the Property

Jose Paucar

Re/Max Central Listed on: 04/22/2019

Last Buyer's Agent

Jose Paucar

Re/Max Central Listed on: 04/22/2019

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,003

Year Built

  • Built in 1933

Lot Details

  • 2,430 Sq Ft Lot
  • Lot Dimensions are 111 x 22
  • Property is zoned R7A

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3,300 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5234

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $3,400
  • Gross Income $84,000
  • Net Operating Income $70,800

Property Details

Property Type

Other

Est. Annual Taxes

$6,003

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1100
  • Building Length: 50.00
  • Building Width: 22.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Argyle Road
  • Cross Street Name2: Rugby Road
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3300
  • Street Name I D X: Foster
  • Street Number I D X: 1307
  • Waterfront Present: No
  • Year Built: 1933
  • Special Features: None

Interior Features

  • Flooring: None
  • Lot Sq Ft: 2430
  • Walls: Other

Exterior Features

  • Yard: None
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 34
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 111
  • Lot Size Width: 22
  • Zoning: R7A

Multi Family

  • Annual Gross Expense: 13200.00
  • Annual Gross Income: 84000
  • Insurance Expense: 3400.00
  • Property Net Operating Income: 70800.00
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 6003.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2019
Closed on
Sep 12, 2019
Sold by
Ramos Blanca and Ramos Felipe
Bought by
1307 Foster Ave Llc
Seller's Agent
Jose Paucar
Re/Max Central
Buyer's Agent
Jose Paucar
Re/Max Central
Sold Price
$1,350,000
Current Estimated Value
$1,740,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,160
Avg. Annual Appreciation
4.31%

Purchase Details

Closed on
Dec 12, 2007
Sold by
Nisanov Igor
Bought by
Ramos Blanca and Ramos Felipe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2003
Sold by
Feder Sima and As Executor Of Aron Feder Estate
Bought by
Nisanov Igor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,960
Interest Rate
5.65%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
1307 Foster Ave Llc $1,350,000 --
Ramos Blanca $925,000 --
Ramos Blanca $925,000 --
Nisanov Igor $405,625 --
Nisanov Igor $405,625 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramos Blanca $85,000
Previous Owner Ramos Blanca $590,000
Previous Owner Nisanov Igor $460,000
Previous Owner Nisanov Igor $350,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2019 09/12/19 Sold $1,350,000 -- $409 / Sq Ft
04/22/2019 04/22/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $6,916 $87,180 $13,500 $73,680
2024 $6,916 $78,780 $13,500 $65,280
2023 $6,916 $81,780 $13,500 $68,280
2022 $6,888 $72,600 $13,500 $59,100
2021 $6,698 $66,720 $13,500 $53,220
2020 $6,391 $65,640 $13,500 $52,140
2019 $6,003 $65,940 $13,500 $52,440
2018 $5,850 $28,696 $7,049 $21,647
2017 $5,762 $28,264 $7,447 $20,817
2016 $5,331 $26,666 $8,427 $18,239
2015 $2,996 $25,159 $9,546 $15,613
2014 $2,996 $23,914 $10,892 $13,022
Source: Public Records

Agents Affiliated with this Home

  • Jose Paucar

    Seller's Agent in 2019

    Jose Paucar

    RE/MAX

    (917) 440-8360

    53 Total Sales

    Jose Paucar
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 429251

Brooklyn Board of REALTORS®

APN: 05234-0034

New York Kings County Brooklyn 11230 Ditmas Park

1307 Foster Ave, Brooklyn, NY

This home is located at 1307 Foster Ave, Brooklyn, NY 11230 since 22 April 2019 and is currently estimated at $1,740,160, approximately $527 per square foot. This property was built in 1933. 1307 Foster Ave is a home located in Kings County with nearby schools including Ps 217 Colonel David Marcus School, Ditmas Junior High school, and Brooklyn Dreams Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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