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

4,520 Sq Ft Lot

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
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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

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

    27 Total Sales

    Ralph Stroffolino
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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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Brooklyn Board of REALTORS® 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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