NOT LISTED FOR SALE

1593 McDonald Ave Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $1,917,787

-- Bed
-- Bath
3,200 Sq Ft
$599/Sq Ft Est. Value

Last Sold February 21, 2018

Last sale price $1,398,000 $437 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $11,199/month

Highlights

  • Heating System Uses Steam
  • 1-minute walk to Avenue N
  • 5-minute walk to Community Playground
  • James Madison High School Rated A-

About This Home

As of February 2018

Prime Bensonhurst Corner Building – 3 Stores & 2 Apartments. Building is ideally located in front of F Train Exit – a lot of commuters traffic! 2nd Floor Rear Apartment pays Heat for both apartments. Both apartments pay their own Hot Water. Very good condition! Gross income $103,200 – Expenses $12,052. NET Operating Income $91,148. 5.4% Cap Rate.

Last Agent to Sell the Property

Sal Calabrese

Listed on: 10/31/2017

Last Buyer's Agent

Jin Xiu Li Chen

Century 21 Realty First

Century 21 Realty First

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,952

Year Built

  • Built in 1931

Lot Details

  • 1,640 Sq Ft Lot
  • Lot Dimensions are 82 x 20
  • Property is zoned R5

Home Design

  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6564

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,600
  • Gross Income $103,200
  • Net Operating Income $91,148

Property Details

Property Type

Other

Est. Annual Taxes

$6,952

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Full, Semi-Finished
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1600
  • Building Length: 80.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue M
  • Cross Street Name2: Avenue N
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3200
  • Building Stories: 2
  • Street Name I D X: McDonald
  • Street Number I D X: 1593
  • Year Built: 1931
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Other
  • Lot Sq Ft: 1640

Exterior Features

  • Yard: Other
  • Exterior Building Type: Semi-Detached
  • Construction Type: Other
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 52
  • Roof: Other

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 82
  • Lot Size Width: 20
  • Zoning: R5

Multi Family

  • Annual Gross Expense: 12052.00
  • Annual Gross Income: 103200
  • Insurance Expense: 2600.00
  • Property Net Operating Income: 91148.00
  • Unit Count: 5

Tax Info

  • Flip Tax Amount: 6952.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2017
Closed on
Feb 21, 2018
Sold by
Alamia Angela
Bought by
Vista 1593 Llc
Seller's Agent
Sal Calabrese
Buyer's Agent
Jin Xiu Li Chen
Century 21 Realty First
Sold Price
$1,398,000
Current Estimated Value
$1,917,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$519,787
Avg. Annual Appreciation
4.29%
Original Mortgage
$800,000
Outstanding Balance
$681,468
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,236,319

Purchase Details

Closed on
Jul 18, 2007
Sold by
Alamia Angela
Bought by
Alamia Angelo
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
Vista 1593 Llc $1,398,000 --
Alamia Angelo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vista 1593 Llc $800,000
Previous Owner Alamia Angela $300,000
Previous Owner Braswell Husband $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2018 02/21/18 Sold $1,398,000 -- $437 / Sq Ft
10/31/2017 10/31/17 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 $8,995 $101,520 $16,020 $85,500
2024 $8,995 $105,480 $16,020 $89,460
2023 $8,581 $95,340 $16,020 $79,320
2022 $8,331 $90,900 $16,020 $74,880
2021 $8,782 $80,040 $16,020 $64,020
2020 $4,138 $81,600 $16,020 $65,580
2019 $7,807 $70,980 $16,020 $54,960
2018 $7,177 $35,208 $9,534 $25,674
2017 $7,089 $34,776 $10,093 $24,683
2016 $6,952 $34,776 $12,106 $22,670
2015 $3,957 $32,966 $12,503 $20,463
2014 $3,957 $31,100 $14,146 $16,954
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sal Calabrese

  • Jin Xiu Li Chen

    Buyer's Agent in 2018

    Jin Xiu Li Chen

    Century 21 Realty First

    (917) 637-9128

    26 Total Sales

    Jin Xiu Li Chen
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 415819

Brooklyn Board of REALTORS®

APN: 06564-0052

New York Kings County Brooklyn 11204 Midwood

1593 McDonald Ave, Brooklyn, NY

This home is located at 1593 McDonald Ave, Brooklyn, NY 11230 since 31 October 2017 and is currently estimated at $1,917,787, approximately $599 per square foot. This property was built in 1931. 1593 McDonald Ave is a home located in Kings County with nearby schools including P.S. 226 Alfred De B. Mason, James Madison High School, and Yeshiva Of Brooklyn Girls Div.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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