NOT LISTED FOR SALE

1774 Flatbush Ave Brooklyn, NY 11210

Flatlands Neighborhood

Estimated Value: $1,255,216

Studio
-- Bath
3,480 Sq Ft
$361/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2023

Last sale price $1,150,000 $330 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,133 / mo

Highlights

  • Wood Flooring
  • Front Yard
  • 3-minute walk to Amersfort Park
  • Heating System Uses Steam

About This Home

As of August 2023

Prime Mixed-use attached brick beauty for sale in the thriving East Flatbush neighborhood. It consists of 2x three-bedroom apartments and 1 commercial unit with a restaurant, the property is fully leased. This building is well kept and has potential for additional income from a residential units (currently leased below market value), the yearly gross income is $ 85,872 and it nets $66,938 yearly. The property is located at a major HUB for transportation and shopping, (short distance to the junction). There is an option for a package deal 1776 Flatbush Avenue is also for sale (same type of property) which is perfect for an investor to add these buildings to their portfolio. This opportunity simply will not last long.

Last Agent to Sell the Property

Kevin Stile

Bergen Basin Realty LLC Listed on: 03/20/2023

Co-Listed By

Jason Sciulara

Bergen Basin Realty LLC

Last Buyer's Agent

NON MEMBER

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,334

Lot Details

  • 1,622 Sq Ft Lot
  • Lot Dimensions are 81 x 20
  • Irregular Lot
  • Front Yard
  • Property is zoned R5 C2-2

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 3,480 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Utilities

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

Listing and Financial Details

  • Tax Block 7617

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $6,000
  • Insurance Expense $6,000
  • Utility Expense $600
  • Gross Income $85,872
  • Net Operating Income $66,938

Property Details

Property Type

Other

Est. Annual Taxes

$5,334

Lot Details

1,622 Sq Ft Lot

Listing Details

  • Basement Amenities: Full, Semi-Finished
  • Borough: Brooklyn
  • Building Length: 58.00
  • Building Width: 20.00
  • Co List Office Mls Id: 110270
  • Co List Office Phone: (718) 763-4110
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue K
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3480
  • Building Stories: 3
  • Street Name I D X: Flatbush
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Laminate
  • Lot Sq Ft: 1622

Exterior Features

  • Yard: Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 53
  • Roof: Flat

Utilities

  • Electric: 110 V, 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 6000.00

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 81
  • Lot Size Width: 20
  • Zoning: R5 C2-2

Multi Family

  • Annual Gross Income: 85872
  • Insurance Expense: 6000.00
  • Property Net Operating Income: 66938.00
  • Unit Count: 3
  • Annual Utility Expenses: 600.00

Tax Info

  • Flip Tax Amount: 5334.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Aug 16, 2023
Sold by
Gerard Napolitano & Associates Inc
Bought by
Bing & Fang Realty Llc
Seller's Agent
Kevin Stile
Bergen Basin Realty LLC
Buyer's Agent
NON MEMBER
List Price
$1,499,000
Sold Price
$1,150,000
Premium/Discount to List
-$349,000
-23.28%
Views
6
Current Estimated Value
$1,255,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,216
Avg. Annual Appreciation
3.33%
Original Mortgage
$495,000
Outstanding Balance
$484,032
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$771,184

Purchase Details

Closed on
Nov 16, 2001
Sold by
Greater New York Corp Of
Bought by
Gerard Napolitano & Asso
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bing & Fang Realty Llc $1,150,000 --
Gerard Napolitano & Asso -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bing & Fang Realty Llc $495,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2023 08/16/23 Sold $1,150,000 -11.5% $330 / Sq Ft
05/05/2023 05/05/23 Price Changed $1,299,000 -7.1% $373 / Sq Ft
04/13/2023 04/13/23 Price Changed $1,399,000 -6.7% $402 / Sq Ft
03/20/2023 03/20/23 For Sale $1,499,000 -- $431 / Sq Ft
03/20/2023 03/20/23 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 $5,665 $51,780 $10,080 $41,700
2024 $5,665 $56,220 $10,080 $46,140
2023 $5,404 $62,640 $10,080 $52,560
2022 $4,969 $60,300 $10,080 $50,220
2021 $5,336 $54,900 $10,080 $44,820
2019 $4,917 $38,400 $10,080 $28,320
2018 $4,521 $22,176 $5,688 $16,488
2017 $4,462 $21,888 $6,018 $15,870
2016 $4,247 $21,246 $6,697 $14,549
2015 $2,490 $20,044 $7,584 $12,460
2014 $2,490 $19,588 $8,894 $10,694
Source: Public Records

Agents Affiliated with this Home

  • Kevin Stile

    Seller's Agent in 2023

    Kevin Stile

    Bergen Basin Realty LLC

    (917) 627-3169

    9 in this area

    31 Total Sales

    Kevin Stile
    Section Image
  • Jason Sciulara

    Seller Co-Listing Agent in 2023

    Jason Sciulara

    Bergen Basin Realty LLC

    (917) 440-9356

    29 in this area

    192 Total Sales

    Jason Sciulara
    Section Image

  • N

    Buyer's Agent in 2023

    NON MEMBER

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 472623

Brooklyn Board of REALTORS®

APN: 07617-0053

New York Kings County Brooklyn 11210 Flatlands

1774 Flatbush Ave, Brooklyn, NY

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.

Brooklyn Board of REALTORS® 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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.