NOT LISTED FOR SALE

1671 W 5th St Brooklyn, NY 11223

Gravesend Neighborhood

Estimated Value: $1,188,000 - $1,266,000

-- Bed
-- Bath
1,890 Sq Ft
$650/Sq Ft Est. Value

Last Sold July 17, 2024

Last sale price $1,140,000 $603 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,332/month

18 Days on Market

Highlights

  • 1 Car Attached Garage
  • Window Unit Cooling System
  • Baseboard Heating
  • Is 228 David A Boody Rated A-

About This Home

As of July 2024

Welcome to this fully detached Two-Family house in Gravesend, Brooklyn. Enjoy the convenience of a private built-in garage and separate entrances for the 2nd-floor unit and basement. With 3 bedrooms over 3 bedrooms and a finished basement, this property offers versatility for end users seeking rental income or investors looking for solid returns. Boasting windows on all sides and steps away from restaurants, supermarkets, and pharmacies, it's also conveniently located near the N and F train stations for easy commuting. Don't miss out on this fantastic opportunity for comfortable living or smart investment.

Last Agent to Sell the Property

Jay Zhang

Momentum Real Estate, LLC Brokerage Phone: 718-382-0005 License #10401355690 Listed on: 04/07/2024

Momentum Real Estate, LLC

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,692

Year Built

  • Built in 1925

Lot Details

  • 2,000 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Attached Garage

Home Design

  • 1,890 Sq Ft Home
  • Frame Construction
  • Aluminum Siding
  • Stucco

Schools

  • JHS 227 Edward B Shallow Middle School
  • Franklin D Roosevelt High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 3-06627-0049

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,692

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: 718-382-0005
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Basement: Finished
  • Living Area: 1890
  • SquareFootage: 1890.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Aluminum Siding, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Attached, 1 Car Attached

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 227 Edward B Shallow

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Parcel Number: 3-06627-0049
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 9692
  • Tax Map Number: 3-06627-0049

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Franklin D Roosevelt High School
  • Middle School District: Brooklyn 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2024
Closed on
Jul 17, 2024
Sold by
Kyaw Min Thu and Thant Kyaw Zin
Bought by
Chen Weiwen and Wang Xianyu
Seller's Agent
Jay Zhang
Momentum Real Estate, LLC
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$1,150,000
Sold Price
$1,140,000
Premium/Discount to List
-$10,000
-0.87%
Views
25
Current Estimated Value
$1,228,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,906
Avg. Annual Appreciation
6.19%
Original Mortgage
$798,000
Outstanding Balance
$788,247
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$440,659

Purchase Details

Closed on
Apr 2, 2015
Sold by
Lamonica Nicole and Randazzo Rosemarie
Bought by
Kyaw Min Thu and Thant Kyaw Zin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,632
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage
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
Chen Weiwen $1,140,000 --
Kyaw Min Thu $820,000 --
Kyaw Min Thu $820,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Weiwen $798,000
Previous Owner Kyaw Min Thu $792,632
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2024 07/17/24 Sold $1,140,000 -0.9% $603 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/07/2024 04/07/24 For Sale $1,150,000 -- $608 / 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 $9,715 $58,620 $11,400 $47,220
2024 $9,715 $56,040 $11,400 $44,640
2023 $9,692 $68,400 $11,400 $57,000
2022 $9,012 $74,880 $11,400 $63,480
2021 $9,112 $62,580 $11,400 $51,180
2020 $6,834 $64,680 $11,400 $53,280
2019 $8,432 $63,180 $11,400 $51,780
2018 $8,107 $39,770 $6,414 $33,356
2017 $7,669 $37,621 $7,316 $30,305
2016 $7,213 $36,080 $7,517 $28,563
2015 $1,701 $35,251 $10,147 $25,104
2014 $1,701 $33,591 $11,600 $21,991
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jay Zhang

    Momentum Real Estate, LLC

    Section Image

  • N

    Buyer's Agent in 2024

    Non Non Member-MLS

    Non-Member MLS

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6299434

OneKey® MLS

APN: 06627-0049

New York Kings County Brooklyn 11223 Gravesend

1671 W 5th St, Brooklyn, NY

This home is located at 1671 W 5th St, Brooklyn, NY 11223 since 07 April 2024 and is currently estimated at $1,228,906, approximately $650 per square foot. This property was built in 1925. 1671 W 5th St is a home located in Kings County with nearby schools including P.S.177 The Marlboro, Is 228 David A Boody, and Success Academy Charter School - Bensonhurst.

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