NOT LISTED FOR SALE

1431 E 2nd St Brooklyn, NY 11230

Midwood Neighborhood
15 Beds
15 Baths
12,400 Sq Ft
4,520 Sq Ft Lot

Last Sold November 10, 2022

Last sale price $2,400,000 $194 Per Sq Ft

Highlights

  • 4,520 Sq Ft lot
  • 3-minute walk to Avenue N
  • Secure Lobby
  • Wood Flooring
  • Heating System Uses Steam
  • Back and Front Yard

About This Home

As of November 2022

*** 15 FAMILY ***RESIDENTIAL BUILDING. 6 APARTMENTS VACANT ON 2ND AND 3RD FLOOR ( 2 -TWO BEDROOMS AND 4 -ONE BEDROOMS). IDEAL FOR USER / INVESTOR ALSO. THERE ARE 4 - TWO BEDROOMS AND 11 - ONE BEDROOMS IN TOTAL. THIS IS A RARE OPPORTUNITY!!! RUNS ON STRAIGHT GAS FOR HEAT AND HOT WATER. $293,530 ANNUAL RENT ROLL AND NOI OF $206,726 . OVERSIZED BUILDING BUILT 40 X 100 WITH A LOT SIZE OF 40 X 118. 4 STORY WALK UP. ONE BLOCK FROM F TRAIN .

Last Agent to Sell the Property

Ralph Stroffolino

Stroffolino Realty LLC Listed on: 03/03/2022

Last Buyer's Agent

Ralph Stroffolino

Stroffolino Realty LLC Listed on: 03/03/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,517

Lot Details

  • 4,520 Sq Ft Lot
  • Lot Dimensions are 118 x 40
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 15 Full Bathrooms
  • 12,400 Sq Ft Home
  • Basement Cellar

Flooring

  • Wood
  • Parquet

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6565

Community Details

Building Details

  • Fuel Expense $16,085
  • Insurance Expense $10,579
  • Utility Expense $902
  • Net Operating Income $206,726

Additional Features

  • 15 Units
  • Secure Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,517

Lot Details

0

Listing Details

  • Basement Amenities: Cellar
  • Borough: Brooklyn
  • Building Length: 100.00
  • Building Width: 40.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue M
  • Cross Street Name2: Avenue N
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 15
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 12400
  • Street Name I D X: 2nd
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 15
  • Flooring: Hardwood, Parquet
  • Lot Sq Ft: 4520

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 62
  • Roof: Flat, Rubber

Utilities

  • Air Conditioning Units: 0
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 16085.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 118
  • Lot Size Width: 40

Multi Family

  • Insurance Expense: 10579.00
  • Property Net Operating Income: 206726.00
  • Unit Count: 1
  • Annual Utility Expenses: 902.00

Tax Info

  • Flip Tax Amount: 46517.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2022 11/10/22 Sold $2,400,000 -- $194 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $51,342 $462,600 $101,700 $360,900
2024 $51,342 $416,250 $101,700 $314,550
2023 $50,167 $430,200 $101,700 $328,500
2022 $49,122 $408,600 $101,700 $306,900
2021 $47,473 $387,000 $89,100 $297,900
2019 $44,643 $407,700 $89,100 $318,600
2018 $43,201 $392,850 $89,100 $303,750
2017 $39,218 $342,900 $89,100 $253,800
2016 $35,412 $328,500 $89,100 $239,400
2015 $17,591 $312,300 $89,100 $223,200
2014 $17,591 $321,750 $89,100 $232,650
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Ralph Stroffolino

    Stroffolino Realty LLC

    (718) 256-3800

    1 in this area

    28 Total Sales

    Ralph Stroffolino
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 459501

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11230 Midwood

1431 E 2nd St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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