NOT LISTED FOR SALE

1708 86th St Brooklyn, NY 11214

Bath Beach Neighborhood

Estimated Value: $1,992,916

7 Beds
5 Baths
4,800 Sq Ft
$415/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $1,840,000 $383 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,821/month

3 Days on Market

Highlights

  • 0.05 Acre Lot
  • 4-minute walk to 18 Avenue (D,M Line)
  • Heating System Uses Natural Gas
  • P.S. 163 Bath Beach Rated A

About This Home

As of November 2024

Drive by only. Tenant occupied , this is a 5 family multi family, features 2 units with 2 bedrooms and 3 units 1 bedroom . last renovated 1993. Open Violation since 1993 Buyer will have to take it with violation.

Last Agent to Sell the Property

Sal Taormina

Revolution Realty Group License #10301210276 Listed on: 10/22/2024

Last Buyer's Agent

Salvatore Taormina

Robert DeFalco Realty, Inc. License #10301210276

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,281

Year Built

  • Built in 1926

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x80

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,800 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • 220 Volts
  • Individual Gas Meter

Community Details

  • 5 Units
  • Gross Income $118,800

Listing and Financial Details

  • Legal Lot and Block 0041 / 06366
  • Assessor Parcel Number 06366-0041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,281

Year Built

Built in 1926

Lot Details

2,000 Sq Ft Lot

Listing Details

  • Property Sub Type: 5F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Lot Size: 20x80
  • Directions: Follow GPS
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Approx
  • Year Built: 1926
  • General Property Info:Public Remarks3: Drive by only. Tenant occupied , this is a 5 family multi family, features 2 units with 2 bedrooms and 3 units 1 bedroom . last renovated 1993. Open Violation since 1993 Buyer will have to take it with violation.
  • ContractLocation Information:List PriceSqFt2: 416.46
  • General Property Info:Tax Abated: No
  • General Property Info:Irregular: No
  • General Property Info:Condition: Good
  • Income Expenses Gross Income: 118800.0
  • Annual Expenses: 30973.0
  • Income Expenses Net Income: 87870.0
  • General Property Info:Year Built Info: Approx
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1926

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • General Property Info:Stories2: 3.0
  • General Property Info:Basement Type: Full
  • General Property Info Basement Desc: Unfinished

Exterior Features

  • Construction Type: Brick
  • Siding:Brick: Yes
  • General Property Info Pool YN2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking:On Street: Yes
  • Garage Location:None4: Yes

Utilities

  • Green Building Features: Other
  • Cooling Y N: No
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 5.0
  • General Property Info:Air Conditioner: None
  • Sewer:City3: Yes
  • Heat Source:Gas2: Yes
  • Heat System:Other2: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes
  • General Property Info Cooling: No

Lot Info

  • Lot Size Sq Ft: 2000.0
  • Lot Size Units: Square Feet
  • Parcel #: 06366-0041
  • Zoning: R-5
  • ResoLotSizeUnits: SquareFeet
  • General Property Info:Lot Size SqFt: 2000.0
  • General Property Info:Lot Dim: 20x100

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 118800.0
  • Property Net Operating Income: 87870.0
  • Annual Operating Expense: 30973.0

Tax Info

  • Tax Annual Amount: 17281.0
  • Tax Block: 06366
  • Tax Lot: 0041
  • General Property Info:Taxes2: 17281.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Oct 21, 2024
Sold by
Inna Ichtchenko As Successor Trustee and The Iosif And Tatyana Palterman Trust
Bought by
Real Happy Managment Inc
Seller's Agent
Sal Taormina
Revolution Realty Group
Buyer's Agent
Sal Taormina
Revolution Realty Group
List Price
$1,999,000
Sold Price
$1,840,000
Premium/Discount to List
-$159,000
-7.95%
Views
5
Current Estimated Value
$1,992,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,916
Avg. Annual Appreciation
6.44%
Original Mortgage
$880,000
Outstanding Balance
$868,459
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,124,457

Purchase Details

Closed on
May 22, 2018
Sold by
Palterman Iosif and Palterman Tatyana
Bought by
Iosif And Tatyana Palterman Trust and Iosif Palterman Trustee

Purchase Details

Closed on
Mar 30, 1999
Sold by
Arditi Suzan and Uysal Gloria
Bought by
Palterman Iosif and Palterman Tatyana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.39%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Real Happy Managment Inc $1,840,000 --
Real Happy Managment Inc $1,840,000 --
Iosif And Tatyana Palterman Trust -- --
Iosif And Tatyana Palterman Trust -- --
Iosif And Tatyana Palterman Trust -- --
Palterman Iosif $380,000 Commonwealth Land Title Ins
Palterman Iosif $380,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Real Happy Managment Inc $880,000
Closed Real Happy Managment Inc $880,000
Previous Owner Palterman Iosif $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold $1,840,000 -8.0% $383 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/22/2024 10/22/24 For Sale $1,999,000 -- $416 / Sq Ft
Source: Staten Island Multiple Listing Service

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 $19,017 $454,950 $13,050 $441,900
2024 $19,017 $408,150 $13,050 $395,100
2023 $17,281 $378,900 $13,050 $365,850
2022 $15,962 $383,850 $13,050 $370,800
2021 $15,511 $354,150 $13,050 $341,100
2019 $14,757 $391,500 $13,050 $378,450
2018 $13,783 $108,365 $3,427 $104,938
2017 $12,764 $100,353 $3,679 $96,674
2016 $12,539 $97,263 $3,928 $93,335
2015 $7,777 $97,169 $3,986 $93,183
2014 $7,777 $90,005 $4,387 $85,618
Source: Public Records

Agents Affiliated with this Home

  • Sal Taormina

    Seller's Agent in 2024

    Sal Taormina

    Revolution Realty Group

    (718) 938-0662

    3 in this area

    182 Total Sales

    Sal Taormina
    Section Image

  • S

    Buyer's Agent in 2024

    Salvatore Taormina

    Robert DeFalco Realty, Inc.

See All Agents

Map

Source: Staten Island Multiple Listing Service

MLS Number: 2405915

Staten Island Multiple Listing Service

APN: 06366-0041

New York Kings County Brooklyn 11214 Bath Beach

1708 86th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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