NOT LISTED FOR SALE

Estimated Value: $394,000 - $591,000

1 Bed
1 Bath
640 Sq Ft
$805/Sq Ft Est. Value

Last Sold September 03, 2024

Last sale price $390,000 $609 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,009/month

62 Days on Market

About This Home

As of September 2024

INVESTMENT HIGHLIGHTS CANARSIE

1377 EAST 93rd St, Brooklyn

Prime Canarsie Location: Situated in a Canarsie neighborhood in Brooklyn

Value-Add Opportunity: Bungalow for a gut renovation, allowing investors to modernize

Spacious Lot: The property sits on a 2,825 sq ft lot (28.25 ft x 100 ft), providing ample space for potential expansion or redevelopment.

Redevelopment Potential: With an existing structure of 680 sq ft and an unused Floor Area Ratio (FAR) of 1,441 sq ft, there is significant room to expand the living space up to 2,119 sq ft.

Low Property Taxes: Annual property taxes are only$4,245, enhancing potential returns.

Detached Structure: The property is fully detached, offering privacy and flexibility in renovation plans.

Vacant Property: The property is currently vacant, allowing for immediate commencement of renovation work.

Flexible Zoning: Zoned R4-1, which supports residential development, providing flexibility in redevelopment plans.

Solid Structure: Built in 1945 with a frame construction and aluminum/vinyl exterior, the property has a solid foundation for renovation.

Last Agent to Sell the Property

Robin Lennon

Douglas Elliman Real Estate License #10401270208 Listed on: 06/06/2024

Douglas Elliman Real Estate

Last Buyer's Agent

Robin Lennon

Douglas Elliman Real Estate License #10401270208 Listed on: 06/06/2024

Douglas Elliman Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,248

Year Built

  • Built in 1945

Lot Details

  • 2,825 Sq Ft Lot
  • Lot Dimensions are 100.00x28.25

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • No Cooling

Community Details

  • Canarsie Subdivision

Listing and Financial Details

  • Legal Lot and Block 0023 / 08239

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,248

Year Built

Built in 1945

Lot Details

2,825 Sq Ft Lot

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Canarsie
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2825.0
  • Lot Size Dimensions: 100.00x28.25

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 1
  • Total Stories: 1
  • Year Built: 1945

Tax Info

  • Tax Block: 08239
  • Tax Lot: 0023
  • Tax Annual: 4248.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Aug 19, 2024
Sold by
Callender Executrix Pearl and The Estate Of Elaine Ernestine Brathwait
Bought by
Mahe Group Llc
Seller's Agent
Robin Lennon
Douglas Elliman Real Estate
Buyer's Agent
Robin Lennon
Douglas Elliman Real Estate
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$515,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,474
Avg. Annual Appreciation
20.90%

Purchase Details

Closed on
Nov 6, 1997
Sold by
Esposito Rocco J
Bought by
Brathwaite Elaine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,250
Interest Rate
7.09%
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
Mahe Group Llc $390,000 --
Mahe Group Llc $390,000 --
Brathwaite Elaine E $143,000 Commonwealth Land Title Ins
Brathwaite Elaine E $143,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brathwaite Elaine E $107,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2024 09/03/24 Sold $390,000 0.0% $609 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $390,000 -- $609 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,245 $33,480 $10,500 $22,980
2024 $4,245 $31,500 $10,500 $21,000
2023 $4,405 $36,300 $10,500 $25,800
2022 $4,061 $29,700 $10,500 $19,200
2021 $4,165 $22,920 $10,500 $12,420
2019 $3,688 $24,420 $10,500 $13,920
2018 $3,577 $20,780 $8,826 $11,954
2017 $3,371 $19,704 $9,345 $10,359
2016 $1,319 $19,407 $9,229 $10,178
2015 $682 $18,312 $7,485 $10,827
2014 $682 $17,317 $8,491 $8,826
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11003102

Real Estate Board of New York (REBNY)

APN: 08239-0023

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