Kawing Chiu
Responds Quickly
Ashford Homes LLC
(844) 251-3656
107 Total Sales
2 in Gravesend
$400,000 Price Range
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.
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2020
Closed on
Dec 9, 2020
Sold by
Bought by
Seller's Agent
Larry Cricchio
Buyer's Agent
Xiaobing Zhang
Momentum Real Estate LLC
Sold Price
$1,655,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Outstanding Balance
$952,075
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 6, 2015
Sold by
Bought by
Purchase Details
Closed on
Feb 11, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Gravesend, NY
-
Kawing Chiu
-
Gary Fleming
Gary Fleming
Emerald Elite Realty
(848) 281-3975
64 Total Sales
1 in Gravesend
$950,000 Price
-
Thomas Smith
Thomas Smith
Re/Max Edge
(855) 247-4454
84 Total Sales
1 in Gravesend
$1,210,000 Price
-
Isabel Zhen
Isabel Zhen
Responds QuicklyKing Zone Realty Inc
(646) 518-2904
12 Total Sales
1 in Gravesend
$1,230,000 Price
-
Igor Yakubinskiy
Igor Yakubinskiy
Century 21 Homefront Realty
(929) 543-5528
26 Total Sales
1 in Gravesend
$390,000 Price
-
Boris Gelfand
Boris Gelfand
Gelfand Realty, Inc.
(833) 994-3095
77 Total Sales
1 in Gravesend
$275,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,655,000 | -- | ||
| -- | -- | ||
| -- | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,090,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $24,777 | $663,750 | $8,100 | $655,650 |
| 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
Seller's Agent in 2020
Larry Cricchio
(516) 790-2509
3 in this area
5 Total Sales
-
Xiaobing Zhang
XZ
Buyer's Agent in 2020
Xiaobing Zhang
Momentum Real Estate LLC
(646) 215-1531
13 in this area
64 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 437556
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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