NOT LISTED FOR SALE

Estimated Value: $1,316,000 - $1,662,000

-- Bed
2 Baths
1,984 Sq Ft
$756/Sq Ft Est. Value

Last Sold September 18, 2019

Last sale price $985,000 $496 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $8,579/month

Highlights

  • 2 Car Detached Garage
  • 4-minute walk to Avenue N
  • Back and Front Yard
  • Ceramic Tile Flooring
  • Baseboard Heating

About This Home

As of September 2019

All Brick, Legal 2 family, with updated boilers and new GE electric boxes for each apartment. A diamond in the rough, this 2 family home can be easily converted & decorated to a one family home of your taste. Make this property into your own magnificent home in this most desired location, close to shopping, mass transit, house of worship, schools & more! Sold in "AS IS" condition, features full length basement, generous R%-OP zoning with a max FAR of 1.25 and 113' deep lot.

Last Agent to Sell the Property

Jack Menashe

Brooklyn Residential R E Serv Listed on: 04/11/2019

Last Buyer's Agent

Chunhui Lu

Brooklyn Residential R E Serv

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,966

Year Built

  • Built in 1930

Lot Details

  • 2,260 Sq Ft Lot
  • Lot Dimensions are 113 x 20
  • Back and Front Yard

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,984 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Parking

  • 2 Car Detached Garage
  • Shared Driveway

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6565

Community Details

Overview

  • 2 Units

Building Details

  • 2 Vacant Units
  • Insurance Expense $2,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,966

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 16.00
  • 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: Baseboard, Hot Water
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces, Detached Garage
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 1984
  • Building Stories: 2
  • Street Name I D X: 3
  • Building Style: Duplex
  • Waterfront Present: No
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Flooring: Ceramic, Tile
  • Lot Sq Ft: 2260

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 39
  • Roof: Pitched, Shingle

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 113
  • Lot Size Width: 20
  • Zoning: R5OP

Multi Family

  • Insurance Expense: 2200.00
  • Unit Count: 2

Tax Info

  • Flip Tax Amount: 6966.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
Sep 18, 2019
Sold by
Palmeri Asset Management Trust
Bought by
Chen Hui and Chen Xiang Dong
Seller's Agent
Jack Menashe
Brooklyn Residential R E Serv
Buyer's Agent
Chunhui Lu
Brooklyn Residential R E Serv
Sold Price
$985,000
Current Estimated Value
$1,499,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$514,486
Avg. Annual Appreciation
6.90%
Original Mortgage
$610,000
Outstanding Balance
$534,313
Interest Rate
3.6%
Estimated Equity
$965,173

Purchase Details

Closed on
Jul 10, 2014
Sold by
Palmeri Caterina
Bought by
Caterina Palmeri As Trustee and Palmeri Asset Management Trust

Purchase Details

Closed on
Mar 13, 2014
Sold by
Palmeri Cathy and Palmeri Frank
Bought by
Palmeri Caterina
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Chen Hui $985,000 --
Caterina Palmeri As Trustee -- --
Caterina Palmeri As Trustee -- --
Palmeri Caterina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Hui $610,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2019 09/18/19 Sold $985,000 -- $496 / Sq Ft
04/11/2019 04/11/19 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 $8,955 $76,980 $19,200 $57,780
2024 $8,955 $82,980 $19,200 $63,780
2023 $8,827 $80,760 $19,200 $61,560
2022 $8,186 $70,980 $19,200 $51,780
2021 $8,545 $69,540 $19,200 $50,340
2020 $4,007 $57,480 $19,200 $38,280
2019 $7,773 $57,480 $19,200 $38,280
2018 $7,383 $36,219 $10,791 $25,428
2017 $6,966 $34,172 $13,434 $20,738
2016 $6,764 $33,835 $15,080 $18,755
2015 $3,888 $31,920 $21,360 $10,560
2014 $3,888 $30,964 $17,609 $13,355
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 428932

Brooklyn Board of REALTORS®

APN: 06565-0039