Gregory Valvo
Revived Residential
(914) 775-7428
63 Total Sales
2 in Sheepshead Bay
$785K - $910K Price Range
1318 Avenue U Brooklyn, NY 11229
Sheepshead Bay NeighborhoodEstimated Value: $2,073,869
Studio
--
Baths
3,300
Sq Ft
$628/Sq Ft
Est. Value
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!
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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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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
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
$18,869
Avg. Annual Appreciation
0.77%
Original Mortgage
$900,000
Outstanding Balance
$889,757
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,184,112
Purchase Details
Closed on
Jul 7, 2004
Sold by
Huyng Chau Diem and Luu Tran Nguyen
Bought by
Star Vin Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sheepshead Bay, NY
-
Gregory Valvo
-
John Sprague
John Sprague
RE/MAX Elite
(718) 751-0584
97 Total Sales
1 in Sheepshead Bay
$1,100,000 Price
-
Olga Moldavsky
Olga Moldavsky
REMAX EDGE
(888) 477-2209
138 Total Sales
40 in Sheepshead Bay
$190K - $1.2M Price Range
-
Anthony Parascandolo
Anthony Parascandolo
Responds QuicklyRE/MAX Elite
(347) 952-7649
51 Total Sales
2 in Sheepshead Bay
$825,000 Price Range
-
Allan Zhu
Allan Zhu
Responds QuicklyRE/MAX Edge
(833) 369-2730
102 Total Sales
2 in Sheepshead Bay
$379K - $860K Price Range
-
Joanna Mayfield Marks
Joanna Mayfield Marks
Brown Harris Stevens Brooklyn LLC
(929) 552-6159
81 Total Sales
1 in Sheepshead Bay
$1,225,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,055,000 | -- | ||
| Star Vin Llc | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $900,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $9,746 | $97,260 | $16,920 | $80,340 |
| 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
Seller's Agent in 2025
Leo Tse
ProBase Real Estate
(917) 892-9639
1 in this area
22 Total Sales
-
Jincun Kuang
JK
Buyer's Agent in 2025
Jincun Kuang
Momentum Real Estate LLC
(347) 754-8455
8 in this area
128 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 488085
APN: 07346-0008
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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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