Seller's Agent in 2025
Leo Tse
ProBase Real Estate
(917) 892-9639
2 in this area
21 Total Sales
1318 Avenue U Brooklyn, NY 11229
Sheepshead Bay Neighborhood
--
Bed
--
Bath
3,300
Sq Ft
1,600
Sq Ft Lot
Highlights
- Handicap Accessible
- 2-minute walk to Avenue U (Q Line)
- Back Yard
- Jhs 234 Arthur W Cunningham Rated A-
- Hot Water Heating System
About This Home
As of July 2025Presenting this Mixed-Use brick building come with 1-Store plus 2-Family is located in the Avenue U Sheepshead Bay neighborhood. A great opportunity for a property investor. Three stories with two residential units situated above a spacious retail store. Both residential unit features 3 bedrooms, 1 bathroom, and large living rooms, this location offers easy access to a variety of amenities, including shops, restaurants, schools, and public transportation options (Q train, B3, and B68 buses). Annual property tax $9491. Store tenants pay 50% property tax. Endless potential and won't last!
Property Details
Property Type
- Other
Est. Annual Taxes
- $9,491
Year Built
- Built in 1927
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 80 x 20
- Back Yard
- Property is zoned R5 , C1-3
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 3,300 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Accessible Home Design
- Handicap Accessible
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 7346
Community Details
Overview
- 2 Units
Building Details
- Fuel Expense $2,020
- Insurance Expense $3,200
- Utility Expense $355
- Gross Income $112,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2024
Closed on
Jul 8, 2025
Sold by
Star Vin Llc
Bought by
1318 Ave U Inc
Seller's Agent
Leo Tse
ProBase Real Estate
Buyer's Agent
Jincun Kuang
Momentum Real Estate LLC
List Price
$2,100,000
Sold Price
$2,055,000
Premium/Discount to List
-$45,000
-2.14%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,790
Avg. Annual Appreciation
2.47%
Original Mortgage
$900,000
Outstanding Balance
$896,929
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,185,861
Purchase Details
Closed on
Jul 7, 2004
Sold by
Huyng Chau Diem and Luu Tran Nguyen
Bought by
Star Vin Llc
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,055,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Sold | $2,055,000 | -1.7% | $623 / Sq Ft |
| 02/05/2025 02/05/25 | Price Changed | $2,090,000 | -0.5% | $633 / Sq Ft |
| 12/16/2024 12/16/24 | For Sale | $2,100,000 | -- | $636 / Sq Ft |
| 12/16/2024 12/16/24 | 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 | $9,491 | $95,100 | $16,920 | $78,180 |
| 2024 | $9,491 | $75,900 | $16,920 | $58,980 |
| 2023 | $8,954 | $67,080 | $16,920 | $50,160 |
| 2022 | $8,335 | $61,860 | $16,920 | $44,940 |
| 2021 | $8,971 | $57,720 | $16,920 | $40,800 |
| 2020 | $8,559 | $67,740 | $16,920 | $50,820 |
| 2019 | $8,238 | $71,280 | $16,920 | $54,360 |
| 2018 | $7,573 | $37,152 | $10,583 | $26,569 |
| 2017 | $7,485 | $36,720 | $11,219 | $25,501 |
| 2016 | $7,140 | $35,716 | $13,097 | $22,619 |
| 2015 | $4,178 | $33,696 | $14,246 | $19,450 |
| 2014 | $4,178 | $32,817 | $14,950 | $17,867 |
Source: Public Records
Agents Affiliated with this Home
-
Leo Tse
-
Jincun Kuang
J
Buyer's Agent in 2025
Jincun Kuang
Momentum Real Estate LLC
(347) 754-8455
6 in this area
111 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 488085
APN: 07346-0008
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