NOT LISTED FOR SALE

1316 Gravesend Neck Rd Brooklyn, NY 11229

Sheepshead Bay Neighborhood

Estimated Value: $923,549

Studio
-- Bath
1,816 Sq Ft
$509/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $900,000 $496 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,288/month

Highlights

  • Wood Flooring
  • 2-minute walk to Neck Road
  • Back Yard
  • Fenced Yard
  • Heating System Uses Steam

About This Home

As of August 2022

LOCATION - LOCATION - LOCATION!!!
This Store and 1 Family Building is located on one of the busiest avenues in the Sheepshead Bay area. The first floor consists of a Commercial Storefront store plus a full cellar for a storage area. (Currently, tenant occupied with a lease ending in December 2022, paying $2,500 monthly) The second-floor residential unit consists of a 3 bedroom 1 bath apartment with a rear patio and access to a private backyard. Blocks away from the Avenue U shopping area and Sheepshead Bay restaurants area. Short distance to Subway – Q Express Train, Ideal for income-producing / private users / Investors.

Last Agent to Sell the Property

Frank Di Marco

RE/MAX Edge License #10301215378 Listed on: 03/30/2022

RE/MAX Edge

Last Buyer's Agent

Frank Di Marco

RE/MAX Edge License #10301215378 Listed on: 03/30/2022

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,227

Year Built

  • Built in 1930

Lot Details

  • 1,560 Sq Ft Lot
  • Lot Dimensions are 20x77
  • Fenced Yard
  • Irregular Lot
  • Back Yard
  • Property is zoned R4

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 1,816 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile

Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Utilities

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

Listing and Financial Details

  • Tax Block 7398

Property Details

Property Type

Other

Est. Annual Taxes

$5,227

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Full
  • Borough: Brooklyn
  • Building Length: 45.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: Restrooms - Staff
  • Confirmed By M L S Y N: Yes
  • Cross Street: East 13th St
  • Cross Street Name2: East 14th St
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 1816
  • Building Stories: 2
  • Street Name I D X: Gravesend Neck
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 1560

Exterior Features

  • Yard: Back, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick, Other
  • Foundation Details: Poured Concrete
  • Lot Number: 87
  • Roof: Flat

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Dimensions: 20X77
  • Lot Size Irregular: Yes
  • Lot Size Length: 77
  • Lot Size Width: 20
  • Zoning: R4

Rental Info

  • Tenant Monthly Rent: 2500.00

Tax Info

  • Flip Tax Amount: 5227.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Aug 18, 2022
Sold by
1316 Gravesend Neck Realty Llc
Bought by
1316 Gravesend Holdings Llc
Seller's Agent
Frank Di Marco
RE/MAX Edge
Buyer's Agent
Frank Di Marco
RE/MAX Edge
Sold Price
$900,000
Current Estimated Value
$923,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,549
Avg. Annual Appreciation
0.63%
Original Mortgage
$599,400
Outstanding Balance
$573,057
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$346,839

Purchase Details

Closed on
Sep 4, 2013
Sold by
Guagenti Trustee Assuntina
Bought by
1316 Gravesend Neck Realty Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
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
1316 Gravesend Holdings Llc $900,000 --
1316 Gravesend Neck Realty Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1316 Gravesend Holdings Llc $599,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2022 08/18/22 Sold $900,000 -- $496 / Sq Ft
03/30/2022 03/30/22 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 $5,907 $58,140 $11,220 $46,920
2024 $5,907 $54,120 $11,220 $42,900
2023 $5,635 $53,220 $11,220 $42,000
2022 $4,960 $41,760 $11,220 $30,540
2021 $5,167 $38,880 $11,220 $27,660
2020 $5,227 $31,800 $11,220 $20,580
2019 $5,127 $31,800 $11,220 $20,580
2018 $4,713 $23,122 $9,782 $13,340
2017 $4,447 $21,814 $9,901 $11,913
2016 $4,114 $20,580 $11,220 $9,360
2015 $3,231 $20,580 $11,220 $9,360
2014 $3,231 $20,580 $11,220 $9,360
Source: Public Records

Agents Affiliated with this Home

  • Frank Di Marco

    Seller's Agent in 2022

    Frank Di Marco

    RE/MAX Edge

    (917) 940-3335

    2 in this area

    24 Total Sales

    Frank Di Marco
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 460316

Brooklyn Board of REALTORS®

APN: 07398-0087

New York Kings County Brooklyn 11229 Sheepshead Bay

1316 Gravesend Neck Rd, Brooklyn, NY

Not Listed for Sale

Other

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