Seller's Agent in 2020
Larry Cricchio
(516) 790-2509
4 in this area
8 Total Sales
1740 E 4th St Brooklyn, NY 11223
Gravesend Neighborhood
11
Beds
6
Baths
6,450
Sq Ft
2,500
Sq Ft Lot
Highlights
- Wood Flooring
- 4-minute walk to Avenue P
- Back Yard
- Hot Water Heating System
- Heating System Uses Steam
- 3-minute walk to Colonel David Marcus Playground
About This Home
As of December 2020A rare opportunity to purchase a VACANT multi-family property. This semi-attached six family three-story building is all brick with a full basement, built in the early 1900. The building is 25 by 86 on a 25 x 100 lot, it offers two units on each floor, two 820 sq. ft. two bedroom apartments on the second and third floors, one 640 sq. ft. 1-bedroom apartment and one 820 sq. ft. two bedroom apartment on the ground floor. This building has a full basement with a separate, locked, storage-area and plenty of space to create a coin-operated laundry room. Upgraded amenities within the last 10 to 15 years include, new roof, new windows, new electrical wiring and new gas boiler. In addition, three apartments were renovated, creating market value rent, plus current DHCRs show the legal projected rents competitive with today’s rental market and offer a projected cap rate of 6.03%. The building is located three blocks from F-train subway line, walking distance from Ocean Parkway, a short driving distance to Manhattan and major highways. Close to Avenue P and MC Donald Avenue shopping areas. This is an excellent opportunity for investing in a solid financial building or converting/developing into condominium project.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,609
Year Built
- Built in 1927
Lot Details
- 2,500 Sq Ft Lot
- Lot Dimensions are 100 x 25
- Back Yard
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Masonry
Interior Spaces
- 6,450 Sq Ft Home
- 3-Story Property
- Stove
Flooring
- Wood
- Linoleum
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Full Bathrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Hot Water Heating System
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 6635
Community Details
Overview
- 6 Units
Building Details
- 6 Vacant Units
- Fuel Expense $3,920
- Insurance Expense $8,537
- Utility Expense $1,054
- Gross Income $146,634
- Net Operating Income $6
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/09/2020 12/09/20 | Sold | $1,655,000 | -- | $257 / Sq Ft |
| 03/15/2020 03/15/20 | Pending | -- | -- | -- |
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 | $22,945 | $592,200 | $8,100 | $584,100 |
| 2024 | $22,945 | $522,450 | $8,100 | $514,350 |
| 2023 | $22,514 | $494,100 | $8,100 | $486,000 |
| 2022 | $21,719 | $504,900 | $8,100 | $496,800 |
| 2021 | $20,167 | $536,400 | $8,100 | $528,300 |
| 2020 | $9,195 | $608,400 | $8,100 | $600,300 |
| 2019 | $17,806 | $608,400 | $8,100 | $600,300 |
| 2018 | $17,957 | $141,180 | $2,053 | $139,127 |
| 2017 | $17,368 | $136,548 | $2,293 | $134,255 |
| 2016 | $16,303 | $126,460 | $2,404 | $124,056 |
| 2015 | $10,582 | $117,287 | $2,676 | $114,611 |
| 2014 | $10,582 | $108,600 | $2,525 | $106,075 |
Source: Public Records
Agents Affiliated with this Home
-
Larry Cricchio
-
Xiaobing Zhang
X
Buyer's Agent in 2020
Xiaobing Zhang
Momentum Real Estate LLC
(646) 215-1531
15 in this area
71 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 437556
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