Seller's Agent in 2023
LONNIE ROBINSON
Corcoran Group
(917) 624-0444
1 in this area
9 Total Sales
163 Chestnut St Brooklyn, NY 11208
Cypress Hills NeighborhoodEstimated Value: $1,138,000 - $1,245,606
11
Beds
3.5
Baths
4,038
Sq Ft
$300/Sq Ft
Est. Value
About This Home
As of June 2023Welcome to 163 Chestnut Street Brooklyn, New York. This beautiful brownstone is located on a tree-lined block in the heart of Cypress Hills with a charm unique to Brooklyn.
This legal three-family has three full floor-through apartments with double and triple entry ways. All kitchens and bathrooms were fully renovated boasting new appliances, high ceilings, recessed lighting, hardwood floors, all new elongated windows with custom window treatments allowing for beautiful sunlight to flood in. With loads of original detail, all units are approximately 1100 Square feet with the top two floors offering three bedrooms convertible to four.
The Garden level is unusually spacious with two-and-a-half bedrooms and the potential to be an owner's duplex connecting to the basement. Access your vast outdoor area directly from your first-floor kitchen and the basement, with plenty of room to garden, BBQ, and entertain on those beautiful Brooklyn spring and summer days or even fall and winter with a heating lamp.
The partially finished basement has a separate entrance to the backyard with endless potential. Design your own space in the basement which has been partially finished with sheet rock already up and plumbing in place. Again, with potential to be combined with the first floor as an owner's duplex; with lots of space to add multiple rooms such as a media room, recreation room, den, office, study, fitness area, library, or whatever you can think of.
You are surrounded by a plethora of retail stores, super markets, and restaurants. Just a stroll away from the renowned Highland Park where you can enjoy Summer concerts and picnics. The J and Z train at Crescent Street Station provides approximately 15-minute ride into lower Manhattan while the local B13 and Q24 Buses make traveling a cinch. Great opportunity for a buyer looking to reside here while earning double income or an investor who desires triple income.
This Multi-family qualifies for a rate of 4.75% on a 30-year fixed loan as well as $4000 credit towards closing with First Republic Bank's Eagle program. Must be used as primary residence to qualify. This opportunity is too good to pass up. Make your appointment today!
Last Agent to Sell the Property
Corcoran Group License #10401344937 Listed on: 12/06/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,599
Lot Details
- 2,004
Home Design
Interior Spaces
- 4,038 Sq Ft Home
- 3-Story Property
- Washer Dryer Allowed
Bedrooms and Bathrooms
- 11 Bedrooms
Community Details
- 3 Units
- East New York Subdivision
Listing and Financial Details
- Tax Block 04128
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 6, 2022
Closed on
Jun 30, 2023
Sold by
Howell Pircilla
Bought by
Reyes Guerrero Alberto L
Seller's Agent
LONNIE ROBINSON
Corcoran Group
List Price
$998,000
Sold Price
$1,150,000
Premium/Discount to List
$152,000
15.23%
Views
228
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,652
Avg. Annual Appreciation
2.22%
Original Mortgage
$938,400
Outstanding Balance
$915,596
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$297,056
Purchase Details
Closed on
Jun 4, 2007
Sold by
Chan Deceased Hon Chung and Chan Deceased Chan
Bought by
Chu Fei Yin
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reyes Guerrero Alberto L | $1,173,000 | -- | |
| Chu Fei Yin | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reyes Guerrero Alberto L | $938,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2023 06/30/23 | Sold | $1,150,000 | 0.0% | $285 / Sq Ft |
| 03/09/2023 03/09/23 | Pending | -- | -- | -- |
| 02/26/2023 02/26/23 | Price Changed | $1,150,000 | -23.3% | $285 / Sq Ft |
| 12/15/2022 12/15/22 | Price Changed | $1,500,000 | +50.3% | $371 / Sq Ft |
| 12/06/2022 12/06/22 | For Sale | $998,000 | -- | $247 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $7,599 | $54,360 | $18,540 | $35,820 |
| 2024 | $7,599 | $52,800 | $18,540 | $34,260 |
| 2023 | $7,611 | $60,180 | $18,540 | $41,640 |
| 2022 | $6,686 | $54,720 | $18,540 | $36,180 |
| 2021 | $6,986 | $57,060 | $18,540 | $38,520 |
| 2020 | $392 | $45,360 | $18,540 | $26,820 |
| 2019 | $6,596 | $45,360 | $18,540 | $26,820 |
| 2018 | $6,366 | $31,230 | $13,515 | $17,715 |
| 2017 | $6,007 | $29,467 | $14,139 | $15,328 |
| 2016 | $5,562 | $27,825 | $16,534 | $11,291 |
| 2015 | $3,133 | $27,817 | $20,300 | $7,517 |
| 2014 | $3,133 | $26,275 | $16,327 | $9,948 |
Source: Public Records
Agents Affiliated with this Home
-
LONNIE ROBINSON
-
Aurora Singleton
Seller Co-Listing Agent in 2023
Aurora Singleton
Corcoran Group
(347) 989-7929
1 in this area
21 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10862927
APN: 04128-0018
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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