Seller's Agent in 2023
Jie Lun Guan
RE/MAX Edge
(646) 220-1666
1 in this area
25 Total Sales
1314 44th St Brooklyn, NY 11219
Borough Park Neighborhood
12
Beds
6
Baths
5,625
Sq Ft
2,504
Sq Ft Lot
Highlights
- Wood Flooring
- Back and Side Yard
- Heating System Uses Steam
- P.S. 164 Caesar Rodney School Rated A
- Multiple cooling system units
About This Home
As of September 2023BACK ON MARKET!! Deal fell through. Another opportunity for developers and investors!!! First time on market! Don't miss the chance to own this rare find commercial zoning district building 1314 44th Street (25x75 on 25x100.17 lot) which is the second building from 13 Ave commercial center. GREAT location in the heart of Boro-Park. High traffic area. Money maker solid brick 6 family building plus full basement with separate front , side & back entrances. Several apartments have been re-modernized in recent years. New electricity and gas meters for each apartments. Rubber roof in excellent condition. Windows in every room to bring a lot of natural sunlight and fresh air. Each apartment has 2 bedrooms, living room, open concept dining/kitchen combo. Current rent is $1800 for each rented unit. 2 units will be delivered vacant at closing. Current rent roll is $136,800 a year. Over 5% Cap rate. Projected rent roll is $151,200 and up. Projected Cap Rate is at least 5.87%. The annual property tax is only $14,970. This is an amazing well kept property with tremendous potentials that is ideal for investors or end users. Property zoning C4-3 allows the entire building be transformed into commercial, day care, school, worship, community facility...... plus additional air rights. Commercial FAR is 3.4, meaning can build 8514 sqft commercial facility.( Please verify with architect). 5 stars school district. Close to Fort Hamilton Pkwy D train station. It's a real gem that you can't miss.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,970
Year Built
- Built in 1930
Lot Details
- 2,504 Sq Ft Lot
- Lot Dimensions are 100 x 25
- Back and Side Yard
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Rubber Roof
Interior Spaces
- 5,625 Sq Ft Home
- 3-Story Property
- Stove
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
Listing and Financial Details
- Tax Block 5611
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $7,000
- Insurance Expense $4,600
- Utility Expense $500
- Gross Income $136,800
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/13/2023 09/13/23 | Sold | $1,930,000 | 0.0% | $343 / Sq Ft |
| 03/21/2023 03/21/23 | Off Market | $1,930,000 | -- | -- |
| 12/05/2022 12/05/22 | For Sale | $1,999,999 | -- | $356 / Sq Ft |
| 05/21/2022 05/21/22 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
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 | $18,866 | $516,150 | $5,400 | $510,750 |
| 2024 | $18,866 | $455,850 | $5,400 | $450,450 |
| 2023 | $17,503 | $528,300 | $5,400 | $522,900 |
| 2022 | $16,168 | $440,100 | $5,400 | $434,700 |
| 2021 | $15,009 | $468,000 | $5,400 | $462,600 |
| 2019 | $14,640 | $530,550 | $5,400 | $525,150 |
| 2018 | $13,960 | $109,757 | $1,328 | $108,429 |
| 2017 | $12,929 | $101,649 | $1,422 | $100,227 |
| 2016 | $12,134 | $94,120 | $1,450 | $92,670 |
| 2015 | $7,878 | $94,120 | $1,632 | $92,488 |
| 2014 | $7,878 | $89,294 | $1,801 | $87,493 |
Source: Public Records
Agents Affiliated with this Home
-
Jie Lun Guan
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 462796
APN: 05611-0012
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