NOT LISTED FOR SALE

Estimated Value: $1,109,000 - $1,888,000

8 Beds
6 Baths
2,724 Sq Ft
$538/Sq Ft Est. Value

Last Sold January 12, 2022

Last sale price $1,450,000 $532 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,417/month

109 Days on Market

About This Home

As of January 2022

Opportunity knocks for the savvy investor or end user at 1412 Herkimer Street!

This stately, legal three-family unit, brick beauty underwent a complete renovation and will reward its new owner with ample income as well as lovely place to call home. Clocking in at 20' wide (on a 98' lot) the proportions make each unit imminently livable and inviting.

There is much to admire in its finely repointed brick facade with wide stoop and iron railing along with a new black cornice and black framed windows-the effect is both striking and classic. Enter at sidewalk level into what could easily be the owner's unit: featuring two levels of living space and a deep and lush backyard. This lower apartment features a brand-new kitchen, gorgeous hardwood flooring, two sizable bedrooms, and two full bathrooms. The finishes are all bright and clean and endlessly appealing. The lower, basement level is open and perfectly suited as a living room, entertainment room, home office or sleeping area.

The middle unit is a mirror of the lower apartment and includes two bedrooms, two full baths, a fantastic kitchen and high ceilings allowing light to stream through the windows all day long.

The top floor is a knockout, featuring four bedrooms, two full bathrooms, extra-high ceilings with a dramatic skylight and the same quality finishes and flooring of units 1 and 2.

Each of the three apartments includes central AC and heat and a stacked washer/dryer and all new electric and plumbing throughout. Whether you opt to live in one unit and collect rent on two others, or if you are looking for a straight up investment, 1412 Herkimer Street needs nothing more than for you to decide which option to go with. Whatever you decide, you simply can't go wrong with this rock-solid investment nestled in the midst of all Bed-Stuy and Bushwick have to offer.

Last Agent to Sell the Property

MARK MARTOV

Corcoran Group License #10401264653 Listed on: 08/26/2021

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,493

Lot Details

  • 1,960

Home Design

Interior Spaces

  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,493

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed

Beds/Baths

  • Full Bathrooms: 6
  • Bathrooms Integer: 6
  • Bedrooms: 8

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2022
Sold by
Townhouse Rental Ii Llc
Bought by
Townhouse Rental Llc
Current Estimated Value
$1,465,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,979,094
Outstanding Balance
$76,590,675
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$75,125,218

Purchase Details

Listed on
Aug 26, 2021
Closed on
Jan 11, 2022
Sold by
Joe 516 849 1406 Llc
Bought by
Townhouse Rental Ii Llc
Seller's Agent
MARK MARTOV
Corcoran Group
List Price
$1,495,000
Sold Price
$1,450,000
Premium/Discount to List
-$45,000
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.28%

Purchase Details

Closed on
Jan 19, 2021
Sold by
United Herkimer Llc
Bought by
Joe 516 849 1406 Llc

Purchase Details

Closed on
Dec 11, 2020
Sold by
1412 Herkimer Realty Corp
Bought by
United Herkimer Llc

Purchase Details

Closed on
Jun 4, 2015
Sold by
Behlin Ricardo
Bought by
1412 Herkimer Realty Corp

Purchase Details

Closed on
Mar 16, 2015
Sold by
Behlin Ricardo
Bought by
1412 Herkimer Realty Corp

Purchase Details

Closed on
Feb 22, 2014
Sold by
Behlin George and Behlin Peter
Bought by
Jsa Equities Inc

Purchase Details

Closed on
May 30, 2006
Sold by
Adams Wendell
Bought by
Blue Pen Development Inc
Source: Public Records

Range of Values:

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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
Townhouse Rental Llc -- --
Townhouse Rental Ii Llc $1,495,000 --
Joe 516 849 1406 Llc $765,000 --
United Herkimer Llc $650,000 --
1412 Herkimer Realty Corp $130,000 --
1412 Herkimer Realty Corp -- --
1412 Herkimer Realty Corp -- --
1412 Herkimer Realty Corp $100,000 --
Jsa Equities Inc $295,749 --
Blue Pen Development Inc $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Townhouse Rental Llc $79,979,094
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2022 01/12/22 Sold $1,450,000 -3.0% $532 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $1,495,000 -- $549 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

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 $8,493 $89,220 $18,840 $70,380
2024 $8,493 $104,940 $18,840 $86,100
2023 $8,587 $109,320 $19,620 $89,700
2022 $2,296 $51,960 $19,620 $32,340
2021 $2,284 $57,000 $19,620 $37,380
2020 $1,595 $56,040 $19,620 $36,420
2019 $2,023 $44,580 $19,620 $24,960
2018 $1,972 $9,672 $4,888 $4,784
2017 $1,953 $9,583 $5,760 $3,823
2016 $1,808 $9,043 $5,548 $3,495
2015 $1,090 $8,533 $6,023 $2,510
2014 $1,090 $8,060 $5,689 $2,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10752050

Real Estate Board of New York (REBNY)

APN: 01572-0012