NOT LISTED FOR SALE
12 Beds
6 Baths
7,192 Sq Ft
10,019 Sq Ft Lot

Last Sold April 02, 2021

Last sale price $620,000 $86 Per Sq Ft

7 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Public Transportation
  • Attic
  • Porch
  • Baseboard Heating

About This Home

As of April 2021

Don't miss this rare opportunity to purchase TWO adjacent, brick 4-family properties that are in immaculate condition with stable tenant base and cash flow. All units are 2 bed/1 bath and are 100% occupied with long-term tenants. The utilities are separate and electric H, HW & cooking - all tenant paid. The front property has a newer (3 yrs old) roof and the rear property as a newer (2 yrs old) roof. The brick exterior and windows are in good condition with no deferred maintenance. The units have various updates including newer kitchens (cabinets, flooring, appliances), updated bathrooms (tile/tub surround, vanities, flooring, toilets), fresh paint, good closets/storage, newer fixtures and are well maintained and kept. There are washer/dryer hookups for each unit in the basement - basements are immaculate! The common areas & exterior parking area lighting are on timers and sensors to save energy. There is ample, off-street parking (paved/unassigned) for tenants. VALUE ADD Potential: 1. increase rents + 2. possibility to build behind second property on large, rear lot (buyers to do own due diligence). Great low maintenance 8 unit investment with good cash flow.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 02/18/2021

Oxford Realty

Co-Listed By

Thuyan Tran

Oxford Realty License #REB.0794813

Last Buyer's Agent

David Brooke

eXp Realty License #REB.0792877

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,634

Year Built

  • Built in 1968

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Brick Exterior Construction
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Masonry Siding

Interior Spaces

  • 7,192 Sq Ft Home
  • Concrete Flooring
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Private Driveway
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Additional Features

  • Public Transportation
  • Gross Income $76,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,634

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Neighborhood: Behind The Rocks
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 7192
  • Public Record Living Room Sq Ft: 3596
  • Total Sq Ft: 7192
  • Year Built: 1968
  • Nearby Amenities: Commuter Bus, Park, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5454
  • Tax Year Updated Dt: 02/18/2021
  • Directions: Hillside Ave to Flatbush
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished, Concrete Floor
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 131

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch, Sidewalk
  • Exterior Siding: Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking, Parking Lot
  • Driveway Type: Private, Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.2300
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: NX-1

Multi Family

  • Gross Annual Income: 76800
  • Net Operating Income: 38986
  • Unit Count: 6
  • Total Multi Family: 24
  • Total Num Of Units: 8

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 20634
  • Total Assessed Value: 277760
  • Mil Rate Base: 74.290
  • Mil Rate Total: 74.290
  • Assessor Parcel Number: 591191

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2021 04/02/21 Sold $620,000 +6.9% $86 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $579,900 -- $81 / Sq Ft
Source: SmartMLS

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
2024 $11,236 $162,960 $25,830 $137,130
2023 $11,236 $162,960 $25,830 $137,130
2022 $10,317 $162,960 $25,830 $137,130
2021 $10,317 $138,880 $14,350 $124,530
2020 $10,317 $138,880 $14,350 $124,530
2019 $10,317 $138,880 $14,350 $124,530
2018 $10,317 $138,880 $14,350 $124,530
2016 $11,461 $154,280 $13,580 $140,700
2015 $10,643 $143,260 $12,610 $130,650
2014 $9,824 $132,240 $11,640 $120,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170373659

SmartMLS