NOT LISTED FOR SALE

Estimated Value: $1,490,000 - $2,614,000

5 Beds
3 Baths
1,920 Sq Ft
$1,025/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $1,320,000 $688 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $10,843/month

225 Days on Market

Highlights

  • Property is near public transit
  • 2-minute walk to Lorimer Street (L Line)
  • 5-minute walk to Father Giorgio Triangle
  • P.S. 132 The Conselyea School Rated A-
  • Park

About This Home

As of May 2021

This is an ideal opportunity in Williamsburg, Bklyn for a developer or private owner looking to renovate the house of their dreams. The property is 20.00 x 40.00 and sits on a 20.42 x 60.00 lot with FAR to add in prime Williamsburg. Bldg FAR 1.57 Max FAR 2. R6 zoning district. It is located between Lorimer and Leonard Streets on a truly beautiful tree lined street! Within walking distance to everything. Citibike and Zipcar available within blocks. Recently upgraded L-train and G Train literally 2 blocks away. The neighborhood has an extensive choice of restaurants, grocery stores, shops and cafes. Taxes currently approx $4,400 a year. Can be delivered with tenants or vacant. Williamsburg, Brooklyn.

Last Agent to Sell the Property

Claudia Adamo

Davis Real Estate Group LLC Brokerage Phone: 917-995-5746 License #10491207388 Listed on: 08/03/2020

Last Buyer's Agent

Claudia Adamo

Davis Real Estate Group LLC Brokerage Phone: 917-995-5746 License #10491207388 Listed on: 08/03/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1899

Lot Details

  • 1,920 Sq Ft Lot
  • Lot Dimensions are 20.42x60.00
  • 1 Common Wall

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • Public Parking
  • On-Street Parking

Schools

  • Ps 132 Conselyea Elementary School

Additional Features

  • Property is near public transit
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 11 / 2774

Community Details

Overview

  • 2 Units

Recreation

  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1899
  • New Construction: No
  • Attribution Contact: 917-995-5746
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • NumberOfKitchens: 2

Exterior Features

  • FloodZoneReportYN: 0

Garage/Parking

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

Utilities

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 20.42x60.00
  • Lot Size Sq Ft: 1920
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 4400
  • Tax Block: 2774
  • Tax Lot: 11
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Ps 132 Conselyea School (The)
  • Middle School District: Brooklyn 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
May 21, 2021
Sold by
152 Ainslie St Llc
Bought by
Cheng Sucong
Seller's Agent
Claudia Adamo
Davis Real Estate Group LLC
Buyer's Agent
Claudia Adamo
Davis Real Estate Group LLC
List Price
$1,999,999
Sold Price
$1,320,000
Premium/Discount to List
-$679,999
-34%
Current Estimated Value
$1,967,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$647,382
Avg. Annual Appreciation
9.43%
Original Mortgage
$811,800
Outstanding Balance
$733,381
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,234,001

Purchase Details

Closed on
Nov 16, 2019
Sold by
Joann Lentini As Trustee
Bought by
152 Ainslie St Llc

Purchase Details

Closed on
Jun 8, 2007
Sold by
Digruccio Antonetta and Digruccio Antonietta
Bought by
Digruccio Antonietta and Digruccio Carmine
Source: Public Records

Range of Values:

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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
Cheng Sucong $1,320,000 --
Cheng Sucong $1,320,000 --
152 Ainslie St Llc -- --
152 Ainslie St Llc -- --
Digruccio Antonietta -- --
Cotignola Co-Tte Maria -- --
Cotignola Co-Tte Maria -- --
Digruccio Antonietta -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Sucong $811,800
Closed Cheng Sucong $811,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2021 05/21/21 Sold $1,320,000 -17.5% $688 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
02/08/2021 02/08/21 Price Changed $1,599,999 -11.1% $833 / Sq Ft
09/16/2020 09/16/20 Price Changed $1,799,999 -10.0% $937 / Sq Ft
08/03/2020 08/03/20 For Sale $1,999,999 -- $1,042 / Sq Ft
Source: OneKey® MLS

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 $5,317 $93,540 $14,100 $79,440
2024 $5,317 $105,060 $14,100 $90,960
2023 $5,077 $103,500 $14,100 $89,400
2022 $4,928 $113,400 $14,100 $99,300
2021 $4,901 $124,380 $14,100 $110,280
2020 $2,436 $127,740 $14,100 $113,640
2019 $4,322 $137,280 $14,100 $123,180
2018 $3,949 $20,833 $1,956 $18,877
2017 $3,894 $20,571 $2,854 $17,717
2016 $3,570 $19,407 $3,171 $16,236
2015 $2,121 $19,407 $4,756 $14,651
2014 $2,121 $18,385 $4,967 $13,418
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3239246

OneKey® MLS

APN: 02774-0011