NOT LISTED FOR SALE
16 Beds
8 Baths
5,500 Sq Ft
2,500 Sq Ft Lot Lot

Sale Details

Date Sold: May 26, 2022

Last sale price $4,712,500 $857 Per Sq Ft

112 Days on Market

Highlights

  • Property is near public transit
  • 3-minute walk to Bedford Avenue
  • Cooling System Mounted In Outer Wall Opening
  • Cathedral Ceiling
  • Wood Flooring
  • Park

About This Home

As of May 2022

8 Family in Williamsburg's Prime Northside! Very Rare Investor's Opportunity! Located on North 9th St, right between Bedford Ave and Berry St, this property is only 3 blocks away from the waterfront, Marsha Johnson State Park and McCarren Park, 0.5 miles to East River Ferry, 2 blocks away from Bedford Ave L train station, and is surrounded by trendy shops, stores, supermarkets, restaurants, eateries and so much more. This frame 8 family building with legal basement office is the perfect investment property with healthy upside. With an NOI of $210,000 and rents below market this investment piece has great potential. Currently 7 of the 8 units are FREE MARKET with a single studio remaining on the first floor. All tenants have 1 year leases allowing for the building to be gradually vacated over a 12 month period. Building: 25 x 55 ft Lot: 25 x 100 ft Zoning: R6B FAR: 2.20; Max FAR: 2 Taxes: $9,201/Yr Great Investment Opportunity!

Last Agent to Sell the Property

Theo Eastwind

Capri Jet Realty Corp License #10301212398 Listed on: 09/15/2021

Last Buyer's Agent

Theo Eastwind

Capri Jet Realty Corp License #10301212398 Listed on: 09/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,201

Year Built

  • Built in 1910

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x100
  • Two or More Common Walls
  • Private Entrance
  • Back Yard Fenced
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 5,500 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 17 Henry D Woodworth Elementary School
  • JHS 50 John D Wells Middle School
  • Williamsburg Prep High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 17 / 2311
  • Assessor Parcel Number 02311-0017

Community Details

Overview

  • 8 Units

Recreation

  • Park

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,201

Year Built

Built in 1910

Lot Details

2,500 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Building Size: 25 x 55 ft
  • Year Built: 1910
  • New Construction: No
  • Attribution Contact: 718-388-2188
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cathedral Ceiling(s)
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 8
  • Full Bathrooms: 8
  • Basement: Full
  • Total Bedrooms: 16
  • Living Area: 5500.00
  • Kitchens: 8
  • Square Footage: 5500.00

Exterior Features

  • Construction Materials: Frame
  • Flood Zone Report: No
  • Fencing: Back Yard
  • Exterior Features: Private Entrance

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 50 John D Wells

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Dimensions: 25x100
  • Lot Size Sq Ft: 2500.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 02311-0017
  • Zoning Description: R6B
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-05-26
  • Tax Annual Amount: 9201.00
  • Tax Block: 2311
  • Tax Lot: 17
  • Tax Map Number: 02311-0017

Multi Family

  • Units Total: 8
  • Separate Electric Meters: 8
  • Separate Gas Meters: 8

MLS Schools

  • Elementary School: Ps 17 Henry D Woodworth
  • High School: Williamsburg Prep School
  • Middle School District: Brooklyn 14
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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
05/26/2022 05/26/22 Sold $4,712,500 -15.8% $857 / Sq Ft
01/05/2022 01/05/22 Pending -- -- --
09/15/2021 09/15/21 For Sale $5,600,000 -- $1,018 / Sq Ft
Source: OneKey® MLS

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 $10,457 $945,450 $8,550 $936,900
2024 $10,457 $886,950 $8,550 $878,400
2023 $9,506 $823,500 $8,550 $814,950
2022 $9,481 $823,050 $8,550 $814,500
2021 $9,201 $769,050 $8,550 $760,500
2020 $4,189 $841,500 $8,550 $832,950
2019 $8,114 $807,750 $8,550 $799,200
2018 $7,581 $59,607 $685 $58,922
2017 $7,581 $59,607 $796 $58,811
2016 $7,438 $57,697 $883 $56,814
2015 $4,619 $53,427 $982 $52,445
2014 $4,619 $49,491 $982 $48,509
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3345695

OneKey® MLS
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