NOT LISTED FOR SALE

1687 E 48th St Brooklyn, NY 11234

Flatlands Neighborhood

Estimated Value: $877,000 - $1,174,000

8 Beds
5 Baths
2,338 Sq Ft
$460/Sq Ft Est. Value

Last Sold November 01, 2024

Last sale price $1,100,000 $470 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,210/month

105 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • 3-minute walk to Power Playground

About This Home

As of November 2024

Wheater you are looking to live & earn or for a mature cash flow property, 1687 will provide you with the best of both worlds. Located in a quiet suburb of Brooklyn, 1687 is a hidden gem that must be witnessed to appreciate its beauty. The amenities for this property include: - 3-bedrooms 2 bathrooms / 3-bedrooms 2 bathrooms / 2-bedrooms 1 bathroom - 10ft High Ceilings - Exposed Brick - Stainless Steel Appliances - Granite Countertops - Each unit has a dedicated heating and cooling unit - Hardwood floors throughout - 2-Year-old roof - Balcony - Video Intercom System - Separate Entrances for each unit - Integrated security cameras - Clean and Spacious Backyard

Last Agent to Sell the Property

Sheraz Ali

Suits Realty LLC Brokerage Phone: 646-714-9366 License #10491204640 Listed on: 04/17/2024

Last Buyer's Agent

Sheraz Ali

Suits Realty LLC Brokerage Phone: 646-714-9366 License #10491204640 Listed on: 04/17/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,254

Year Built

  • Built in 1915

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • 1 Common Wall

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Schools

  • JHS 78 Roy H Mann Middle School
  • James Madison High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 14 / 7873
  • Assessor Parcel Number 07873-0014

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,254

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Year Built: 1915
  • New Construction: No
  • Attribution Contact: 646-714-9366
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 5
  • Basement: Finished
  • Total Bedrooms: 8
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Yes
  • Heating: Electric, Natural Gas, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 78 Roy H Mann

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Parcel Number: 07873-0014
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 7253.92
  • Tax Block: 7873
  • Tax Lot: 14
  • Tax Map Number: 07873-0014
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • High School: James Madison High School
  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
Nov 1, 2024
Sold by
Jahad Islam
Bought by
Afrane-Berko Joyce and Berko Francesca Afrane
Seller's Agent
Sheraz Ali
Suits Realty LLC
Buyer's Agent
Sheraz Ali
Suits Realty LLC
List Price
$1,299,000
Sold Price
$1,100,000
Premium/Discount to List
-$199,000
-15.32%
Views
39
Current Estimated Value
$1,076,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,436
Avg. Annual Appreciation
-1.75%
Original Mortgage
$1,007,325
Outstanding Balance
$995,139
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$81,425

Purchase Details

Listed on
Nov 13, 2021
Closed on
Jun 1, 2022
Sold by
Chu Edwin and Zhu Ivan Yan
Bought by
Jahad Islam
Seller's Agent
Stephanie Chin
New World Realty Group LLC
Buyer's Agent
Stephanie Chin
New World Realty Group LLC
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.23%
Original Mortgage
$828,700
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2018
Sold by
Mnb Developers Llc
Bought by
Chu Edwin and Zhu Ivan Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2017
Sold by
Mccrimmon Willie
Bought by
Mnb Developers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2006
Sold by
Mccrimmon Sarah
Bought by
Mccrimmon Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.79%

Purchase Details

Closed on
Mar 4, 2005
Sold by
Mccrimmon Derek and Mccrimmon Jamel
Bought by
Mccrimmon Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.64%

Purchase Details

Closed on
Jan 5, 2001
Sold by
Trager Robert and Bizzoco Drew
Bought by
Mccrimmon Derek and Mccrimmon Jamel

Purchase Details

Closed on
Apr 7, 2000
Sold by
Cangeme Nicholas
Bought by
Trager Robert and Bizzoco Drew
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Afrane-Berko Joyce $1,100,000 --
Afrane-Berko Joyce $1,100,000 --
Jahad Islam $1,496,718 --
Jahad Islam $1,496,718 --
Jahad Islam $1,496,718 --
Chu Edwin $932,500 --
Chu Edwin $932,500 --
Chu Edwin $932,500 --
Mnb Developers Llc $360,000 --
Mnb Developers Llc $360,000 --
Mnb Developers Llc $360,000 --
Mccrimmon Willie $558,000 --
Mccrimmon Willie $558,000 --
Mccrimmon Willie $558,000 --
Mccrimmon Sarah $450,000 --
Mccrimmon Sarah $450,000 --
Mccrimmon Sarah $450,000 --
Mccrimmon Derek $290,000 --
Mccrimmon Derek $290,000 --
Trager Robert $190,000 Stewart Title
Trager Robert $190,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Afrane-Berko Joyce $1,007,325
Closed Afrane-Berko Joyce $1,007,325
Previous Owner Jahad Islam $828,700
Previous Owner Chu Edwin $537,250
Previous Owner Mnb Developers Llc $360,000
Previous Owner Mccrimmon Willie $500,000
Previous Owner Mccrimmon Sarah $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2024 11/01/24 Sold $1,100,000 -7.9% $470 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
07/26/2024 07/26/24 Price Changed $1,195,000 -4.3% $511 / Sq Ft
06/18/2024 06/18/24 Price Changed $1,249,000 -3.5% $534 / Sq Ft
05/20/2024 05/20/24 Price Changed $1,294,000 -0.4% $553 / Sq Ft
04/18/2024 04/18/24 For Sale $1,299,000 +30.6% $556 / Sq Ft
06/01/2022 06/01/22 Sold $995,000 -- $478 / Sq Ft View Prior Sale
11/13/2021 11/13/21 Pending -- -- --
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 $7,636 $49,380 $9,240 $40,140
2024 $7,636 $50,820 $9,240 $41,580
2023 $7,335 $51,840 $9,240 $42,600
2022 $6,866 $43,200 $9,240 $33,960
2021 $7,239 $37,620 $9,240 $28,380
2020 $3,436 $37,140 $9,240 $27,900
2019 $6,628 $37,140 $9,240 $27,900
2018 $6,135 $30,097 $8,306 $21,791
2017 $5,843 $28,663 $7,212 $21,451
2016 $5,730 $28,663 $8,917 $19,746
2015 $3,042 $27,370 $8,372 $18,998
2014 $3,042 $26,403 $9,084 $17,319
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Sheraz Ali

    Suits Realty LLC

    (646) 492-0915

    6 in this area

    24 Total Sales

    Sheraz Ali
    Section Image

  • S

    Seller's Agent in 2022

    Stephanie Chin

    New World Realty Group LLC

    (718) 872-6300

    1 in this area

    19 Total Sales

    Stephanie Chin
    Section Image

  • B

    Seller Co-Listing Agent in 2022

    Big Kee

    New World Realty Group LLC

    (718) 872-6300

    1 in this area

    11 Total Sales

    Big Kee
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3545477

OneKey® MLS

APN: 07873-0014

New York Kings County Brooklyn 11234 Flatlands

1687 E 48th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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