NOT LISTED FOR SALE

1725 Bath Ave Brooklyn, NY 11214

Bath Beach Neighborhood

Estimated Value: $1,071,803

Studio
-- Bath
2,880 Sq Ft
$372/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $990,000 $344 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,138/month

Highlights

  • Wood Flooring
  • P.S. 163 Bath Beach Rated A
  • Heating System Uses Steam

About This Home

As of November 2023

This is A CORNER PROPERTY WITH 1 STORE AND One 3 BEDROOM apartment on the second floor. THE business is a dry cleaner. The business's gross annual income is $200,000. The business is for sale along with the property sale. The apartment above is a 3-bedroom with an eat-in kitchen. The current rent is $2,200 month-to-month. The building has a full basement, The property dimension is 20' X 48' sqft. and the lot size is 20' X 58' sqft. Zoning is R5 C2-2. The property is located on a busy traffic in the HEART of BATH BEACH.

Last Agent to Sell the Property

Ronald Chui

Momentum Real Estate LLC Listed on: 06/28/2022

Last Buyer's Agent

Qi Kang Mei

RE/MAX Edge License #10401207839

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,243

Year Built

  • Built in 1920

Lot Details

  • 1,160 Sq Ft Lot
  • Lot Dimensions are 58 x 20
  • Property is zoned R5

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,880 Sq Ft Home
  • Ceiling height between 8 to 10 feet
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts

Community Details

  • Insurance Expense $2,500

Listing and Financial Details

  • Tax Block 6401

Property Details

Property Type

Other

Est. Annual Taxes

$6,243

Year Built

Built in 1920

Lot Details

1,160 Sq Ft Lot

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 48.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Fence - Partial
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: Bay 16th Street
  • Cross Street Name2: Bay 17th Street
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2880
  • Street Name I D X: Bath
  • Waterfront Present: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Ceiling: 8-10 Foot
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 1160

Exterior Features

  • Yard: None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 10
  • Roof: Flat

Utilities

  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 58
  • Lot Size Width: 20
  • Zoning: R5

Rental Info

  • Rent Income: 56000

Multi Family

  • Annual Gross Expense: 11983.00
  • Insurance Expense: 2500.00
  • Unit Count: 2

Tax Info

  • Flip Tax Amount: 6243.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Oct 31, 2023
Sold by
William 1725 Inc
Bought by
L & M 268 Inc
Seller's Agent
Ronald Chui
Momentum Real Estate LLC
Buyer's Agent
Qi Kang Mei
RE/MAX Edge
List Price
$1,250,000
Sold Price
$990,000
Premium/Discount to List
-$260,000
-20.8%
Views
4
Current Estimated Value
$1,071,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,803
Avg. Annual Appreciation
3.39%
Original Mortgage
$550,000
Outstanding Balance
$540,387
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$531,416

Purchase Details

Closed on
Feb 21, 2019
Sold by
Tsui Hok Pang
Bought by
William 1725 Inc

Purchase Details

Closed on
Sep 21, 2009
Sold by
Tsui Hok Pang and Yu Kam Heung
Bought by
Tsui Hok Pang

Purchase Details

Closed on
Jan 18, 2006
Sold by
Luk Miu Yuk and Tang Miu Lan
Bought by
Tsui Hok Pang and Yu Kam Heung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.31%
Mortgage Type
Commercial
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
L & M 268 Inc $990,000 --
William 1725 Inc $980,000 --
Tsui Hok Pang -- --
Tsui Hok Pang $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open L & M 268 Inc $550,000
Previous Owner Tsui Hok Pang $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold $990,000 -20.8% $344 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $1,250,000 -- $434 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 $6,732 $76,620 $11,940 $64,680
2024 $6,732 $68,040 $11,940 $56,100
2023 $6,422 $76,020 $11,940 $64,080
2022 $6,244 $62,460 $11,940 $50,520
2021 $6,582 $53,460 $11,940 $41,520
2020 $4,664 $29,400 $11,940 $17,460
2019 $5,843 $29,400 $11,940 $17,460
2018 $5,372 $26,352 $9,104 $17,248
2017 $5,313 $26,064 $9,659 $16,405
2016 $5,210 $26,064 $8,207 $17,857
2015 $2,746 $24,673 $9,317 $15,356
2014 $2,746 $23,277 $10,551 $12,726
Source: Public Records

Agents Affiliated with this Home

  • Ronald Chui

    Seller's Agent in 2023

    Ronald Chui

    Momentum Real Estate LLC

    (646) 210-2768

    13 in this area

    108 Total Sales

    Ronald Chui
    Section Image
  • Qi Kang Mei

    Buyer's Agent in 2023

    Qi Kang Mei

    RE/MAX Edge

    (718) 288-3835

    7 in this area

    47 Total Sales

    Qi Kang Mei
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 463715

Brooklyn Board of REALTORS®

APN: 06401-0010

New York Kings County Brooklyn 11214 Bath Beach

1725 Bath Ave, Brooklyn, NY

Not Listed for Sale

Other

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