NOT LISTED FOR SALE

Estimated Value: $2,855,000 - $4,054,000

8 Beds
4 Baths
3,468 Sq Ft
$947/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $3,970,000 $1,145 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $19,130/month

Highlights

  • 6,000 Sq Ft lot
  • Wood Flooring
  • Private Driveway
  • James Madison High School Rated A-
  • Detached Garage
  • 3-minute walk to Colonel David Marcus Playground

About This Home

As of November 2021

Extraordinary 2-Family brick home situated on a 40’ x 150’ lot right on sunny Ocean Parkway! This home features a large front porch, private driveway, and huge basement. The 1st floor units include three bedrooms, and the 2 nd and 3rd floor duplex contain a total of 5 bedrooms. Each unit features an eat in kitchen, center hall, and large living and dining areas. This home also has a large, beautiful backyard and a two-car garage. Do not miss this opportunity. Call us today for a private showing!

Last Agent to Sell the Property

Melanie Kishk

Century 21 MK Realty Listed on: 08/10/2021

Last Buyer's Agent

Melanie Kishk

Century 21 MK Realty Listed on: 08/10/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,667

Year Built

  • Built in 1935

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 150 x 40
  • Back Yard

Interior Spaces

  • 3,468 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • Detached Garage
  • Private Driveway

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 6613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,667

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1950
  • Building Length: 75.00
  • Building Width: 26.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue O
  • Cross Street Name2: Avenue P
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Detached Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Microwave, Refrigerator, Stove
  • Fill Sq Ft Total: 3468
  • Building Stories: 2
  • Street Name I D X: Ocean
  • Street Number I D X: 1579
  • Year Built: 1935
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 4
  • Total Bedrooms: 8
  • Flooring: Hardwood
  • Lot Sq Ft: 6000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Other
  • Exterior: Other
  • Foundation Details: Other
  • Lot Number: 67
  • Roof: Other

Utilities

  • Air Conditioning Units: 0
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 150
  • Lot Size Width: 40
  • Zoning: R5

Tax Info

  • Flip Tax Amount: 13667.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2022
Sold by
Sultan Stacy and Sultan Stephen
Bought by
1579 Op Llc
Current Estimated Value
$3,284,997

Purchase Details

Listed on
Aug 10, 2021
Closed on
Nov 18, 2021
Sold by
1579 Ocean Parkway Llc
Bought by
Sultan Stacy and Sultan Stephen
Seller's Agent
Melanie Kishk
Century 21 MK Realty
Buyer's Agent
Melanie Kishk
Century 21 MK Realty
Sold Price
$3,970,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.85%
Original Mortgage
$2,000,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2021
Sold by
Alice Setton 2010 Living Trust
Bought by
1579 Ocean Parkway Llc

Purchase Details

Closed on
Apr 2, 2019
Sold by
Setton Alice
Bought by
Alice Setton 2010 Living Trust and Alice Setton As Trustee

Purchase Details

Closed on
May 20, 1994
Sold by
Ades Alan and Ades Renee
Bought by
Safdie Roberta and Setton Alice
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1579 Op Llc -- --
Sultan Stacy $3,970,000 --
1579 Ocean Parkway Llc -- --
Alice Setton 2010 Living Trust -- --
Safdie Roberta -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sultan Stacy $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2021 11/18/21 Sold $3,970,000 -- $1,145 / Sq Ft
08/10/2021 08/10/21 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 $14,777 $187,740 $40,320 $147,420
2024 $14,777 $150,000 $40,320 $109,680
2023 $14,829 $151,620 $40,320 $111,300
2022 $13,752 $166,140 $40,320 $125,820
2021 $13,677 $147,720 $40,320 $107,400
2020 $3,207 $126,120 $40,320 $85,800
2019 $12,825 $126,120 $40,320 $85,800
2018 $12,404 $60,848 $23,115 $37,733
2017 $11,702 $57,404 $17,598 $39,806
2016 $10,826 $54,156 $19,420 $34,736
2015 $6,532 $51,092 $27,497 $23,595
2014 $6,532 $51,092 $24,591 $26,501
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 454517

Brooklyn Board of REALTORS®

APN: 06613-0067