$1,125,000

Estimated payment $6,798/month

Total Views 4,517
-- Bed
-- Bath
1,840 Sq Ft
$611 Price per Sq Ft

Highlights

  • Heating System Uses Steam
  • 4-minute walk to Bay Parkway (N Line)
  • 1-Story Property
  • James Madison High School Rated A-

About This Home

Opportunity to all investors and builders R5B zoning, this property is sold with 159 and 165 Avenue O Property at 165 Avenue O is a 40x100 buildable lot zoned R6. Offer at $6,250,000 for all three properties. Consult your Architect.

Listing Agent

John Sprague

Listed on: 03/28/2024

Co-Listing Agent

James Grant

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,019

Year Built

  • Built in 1931

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Property is zoned R5B

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,840 Sq Ft Home
  • 1-Story Property
  • Ceiling height between 8 to 10 feet

Utilities

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

Community Details

  • Fuel Expense $1,000
  • Insurance Expense $2,000
  • Utility Expense $1,200
  • Gross Income $20,000
  • Net Operating Income $6,800

Listing and Financial Details

  • Tax Block 6580

Property Details

Property Type

Other

Est. Annual Taxes

$7,019

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Other
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 920
  • Building Length: 46.00
  • Building Width: 20.00
  • Co List Office Mls Id: 118130
  • Co List Office Phone: (718) 690-3900
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: West 4th Street
  • Cross Street Name2: West 5th Street
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 1
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 1840
  • Building Stories: 1
  • Street Name I D X: Avenue O
  • Street Number I D X: 161
  • Waterfront Present: No
  • Year Built: 1931
  • Special Features: None
  • Stories: 1

Interior Features

  • Ceiling: 8-10 Foot
  • Flooring: Other
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Other
  • Exterior Building Type: Attached
  • Construction Type: Block, Brick
  • Exterior: Other
  • Foundation Details: Block
  • Lot Number: 33
  • Road Frontage: 20
  • Roof: Other

Utilities

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

Fee Information

  • Annual Fuel Expense: 1000.00

Lot Info

  • Lot Dimensions: 20x100
  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5B

Rental Info

  • Rent Income: 20000

Multi Family

  • Annual Gross Expense: 13200.00
  • Annual Gross Income: 20000
  • Insurance Expense: 2000.00
  • Miscellaneous Expense: 1200.00
  • Property Net Operating Income: 6800.00
  • Annual Utility Expenses: 1200.00

Tax Info

  • Flip Tax Amount: 7019.00

Map

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

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 $7,174 $51,240 $12,840 $38,400
2024 $7,174 $53,700 $12,840 $40,860
2023 $6,843 $62,400 $12,840 $49,560
2022 $6,658 $52,080 $12,840 $39,240
2021 $6,980 $49,200 $12,840 $36,360
2020 $3,548 $62,400 $12,840 $49,560
2019 $6,226 $62,400 $12,840 $49,560
2018 $5,724 $28,080 $6,931 $21,149
2017 $5,665 $27,792 $7,352 $20,440
2016 $5,556 $27,792 $8,824 $18,968
2015 $3,162 $26,292 $10,011 $16,281
2014 $3,162 $24,804 $11,342 $13,462
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Price Changed $1,125,000 -10.0% $611 / Sq Ft
05/01/2024 05/01/24 Price Changed $1,250,000 -35.9% $679 / Sq Ft
03/28/2024 03/28/24 For Sale $1,950,000 -- $1,060 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 480916

Brooklyn Board of REALTORS®

APN: 06580-0033