NOT LISTED FOR SALE
7 Beds
4 Baths
3,198 Sq Ft
2,500 Sq Ft Lot

Sale Details

Date Sold: November 20, 2024

Last sale price $950,000 $297 Per Sq Ft

19 Days on Market

About This Home

As of November 2024

Platinum Properties is proud to present 142 E 95th Street, a four unit multifamily building in fast developing East Flatbush. This is a tremendous value-add investment or an owner-occupied multifamily home., this well maintained building is 100% free market (Three 2BR’s and one 1BR). Similar buildings nearby that have been renovated prove that a major increase in rent is possible with only modest renovations. Additional value adds include a potential rentable parking space, basement storage units and laundry.

Nearby train stations for the express 3 / 4 trains make the location very attractive for high price renters who commute to Manhattan. A strong retail community exists on Rutland and 95th. Lincoln Terrace Park is nearby.

Even greater capitalization potential exists due to the lot’s coveted R6 zoning and unused FAR. This allows for an entirely new development to be built. An example of this approach was just completed across the street. The asset also holds the highly desirable 2A tax class, meaning the taxes cannot increase more than 8% per year and no more than 30% over 5 years

With demand for value-add housing stock at an all time high don’t miss a chance for much improved cash flow opportunity. This is a great opportunity to expand a portfolio or the perfect place to start your empire with a high upside asset.

Reach out today for more details or to set up an online viewing.

Investment Highlights
Asking Price: $1,095,000

Current Cap Rate: 4.8

Pro Forma Cap Rate: 8.9

Units: 4

Price/Unit: $273,750

Price/SF: $342

Total GSF: 3,198

Tax Class: 2A

Zoning Residential FAR: R6

Total Buildable SF: 6073

Available Air Rights: 2874

Lot Size: 2,500 sq ft

Floors: 2

Address: 142 E 95th Street Brooklyn NY 11212

Location: East Flatbush

Last Agent to Sell the Property

Jess Prichard

Platinum Forbes Global Properties License #10401356335 Listed on: 06/09/2023

Platinum Forbes Global Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,435

Year Built

  • Built in 1920

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25.00 x 100.00

Home Design

  • Pre War Building

Interior Spaces

  • 3,198 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Community Details

  • Remsen Village Subdivision

Listing and Financial Details

  • Legal Lot and Block 29 / 4613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,435

Year Built

Built in 1920

Lot Details

2,500 Sq Ft Lot

Listing Details

  • Cross Street: Rutland Road/Winthrop Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Remsen Village
  • Architectural Style: Prewar, Walk-Up
  • Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Living Area: 3198.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 7

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: See Remarks

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2500.0
  • Lot Size Dimensions: 25.00 x 100.00

Building Info

  • New Construction: No
  • Total Stories: 2
  • Year Built: 1920

Tax Info

  • Tax Block: 4613
  • Tax Lot: 29
  • Tax Annual: 9435.0

Multi Family

  • Building Area Units: Square Feet

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

Closed on
Dec 19, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
0.0779%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
0.0779%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2022
Sold by
Bought by

Purchase Details

Closed on
Sep 22, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,170
Interest Rate
0.042%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2011
Sold by
Bought by

Purchase Details

Closed on
Oct 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
0.062%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
0.0671%

Purchase Details

Closed on
Feb 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
0.0566%

Purchase Details

Closed on
Feb 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
0.0566%

Purchase Details

Closed on
Oct 22, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
0.0571%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,690
Interest Rate
0.0705%
Mortgage Type
FHA
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- --
$950,000 --
-- --
$585,000 --
$250,000 --
-- --
$670,000 --
$620,000 --
-- --
-- --
$335,000 --
$285,000 Commonwealth Land Title Ins
$343,000 Stewart Title
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 $570,000
Previous Owner $570,170
Previous Owner $536,000
Previous Owner $620,000
Previous Owner $467,000
Previous Owner $73,000
Closed $292,000
Previous Owner $337,690
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
11/20/2024 11/20/24 Sold $950,000 -13.2% $297 / Sq Ft
01/30/2024 01/30/24 Off Market $1,095,000 -- --
09/27/2023 09/27/23 Off Market $1,095,000 -- --
07/12/2023 07/12/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $1,095,000 -- $342 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $11,499 $240,300 $13,950 $226,350
2025 $10,649 $232,200 $13,950 $218,250
2024 $10,649 $193,320 $13,950 $179,370
2023 $10,176 $161,100 $13,950 $147,150
2022 $9,398 $166,500 $13,950 $152,550
2021 $9,375 $150,660 $13,950 $136,710
2020 $4,267 $122,040 $13,950 $108,090
2019 $8,263 $122,040 $13,950 $108,090
2018 $8,116 $63,811 $8,753 $55,058
2017 $7,515 $59,085 $9,113 $49,972
2016 $7,579 $58,786 $11,319 $47,467
2015 $4,579 $54,432 $12,592 $41,840
2014 $4,579 $50,400 $13,950 $36,450
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10929726

Real Estate Board of New York (REBNY)

APN: 04613-0029

Your Personal Tour Guide

Ask me questions while you tour the home.