NOT LISTED FOR SALE

1776 Flatbush Ave Brooklyn, NY 11210

Flatlands Neighborhood

Estimated Value: $1,260,700

Studio
-- Baths
3,480 Sq Ft
$362/Sq Ft Est. Value

Sale Details

Date Sold: November 28, 2023

Last sale price $1,100,000 $316 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,439 / mo

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back Yard

About This Home

As of November 2023

Prime Mixed-use attached brick beauty for sale in the thriving East Flatbush neighborhood. It consists of 2 three-bedroom apartments and 1 commercial unit with a hair salon, the property is fully leased. This building is well kept and has potential for additional income from the residential units (currently leased below market value), the building gross income yearly is $ 84,000 with a net income of $ 66,466. 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 1774 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

Kevin Stile

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

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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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
  • Back Yard

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

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $6,000
  • Insurance Expense $4,000
  • Utility Expense $600
  • Gross Income $84,000
  • Net Operating Income $66,466

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
  • 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: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • 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

Multi Family

  • Annual Gross Income: 84000
  • Insurance Expense: 4000.00
  • Property Net Operating Income: 66466.00
  • Unit Count: 3
  • Annual Utility Expenses: 600.00

Tax Info

  • Flip Tax Amount: 5334.00

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 20, 2023
Closed on
Nov 28, 2023
Sold by
Napolitano Brooklyn Realty Llc
Bought by
Seller's Agent
Kevin Stile
Bergen Basin Realty LLC
Buyer's Agent
Kevin Stile
Bergen Basin Realty LLC
List Price
$1,499,000
Sold Price
$1,100,000
Premium/Discount to List
-$399,000
-26.62%
Views
18
Current Estimated Value
$1,260,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,700
Avg. Annual Appreciation
5.03%
Original Mortgage
$660,000
Outstanding Balance
$643,705
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$616,995

Purchase Details

Closed on
Feb 19, 2015
Sold by
Napolitano Gerard
Bought by
Napolitano Brooklyn Realty Llc

Purchase Details

Closed on
Sep 14, 1999
Sold by
Greater New York Corp Of Sevent Day Adve
Bought by
Napolitano Gerard
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Flatlands, NY

  • Jack Yao Real Estate Agent - Realmart Realty, LLC

    Jack Yao

    Realmart Realty, LLC

    (732) 838-6992

    1,395 Total Sales

    1 in Flatlands

    $700,000 Price

    Jack Yao
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  • Cristina Candio Real Estate Agent - Perch Society

    Cristina Candio

    Perch Society

    (833) 409-1692

    26 Total Sales

    1 in Flatlands

    $675,000 Price

    Cristina Candio
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  • Scarla Pineda Real Estate Agent - Peace of Mind Realty

    Scarla Pineda

    Peace of Mind Realty

    (833) 213-1431

    32 Total Sales

    2 in Flatlands

    $775K - $828K Price Range

    Scarla Pineda
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  • Viola Taliaferrow Real Estate Agent - Keller Williams Realty Group

    Viola Taliaferrow

    Keller Williams Realty Group

    (914) 758-1743

    34 Total Sales

    1 in Flatlands

    $750,000 Price

    Viola Taliaferrow
     Section Image
  • Gabriel Kashi Real Estate Agent - KEYSTONE REALTY USA CORP

    Gabriel Kashi

    KEYSTONE REALTY USA CORP

    (347) 658-5258

    399 Total Sales

    13 in Flatlands

    $515K - $1.3M Price Range

    Gabriel Kashi
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  • Danny Chung Real Estate Agent

    Danny Chung

    (866) 968-7198

    95 Total Sales

    4 in Flatlands

    $600K - $955K Price Range

    Danny Chung
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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
$1,100,000 --
Napolitano Brooklyn Realty Llc -- --
Napolitano Gerard $195,000 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 -- $660,000
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
11/28/2023 11/28/23 Sold $1,100,000 -15.3% $316 / 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

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 $5,797 $54,540 $10,080 $44,460
2025 $5,665 $58,200 $10,080 $48,120
2024 $5,665 $57,540 $10,080 $47,460
2023 $5,404 $63,480 $10,080 $53,400
2022 $4,969 $56,220 $10,080 $46,140
2021 $5,336 $51,360 $10,080 $41,280
2019 $4,917 $39,240 $10,080 $29,160
2018 $4,521 $22,176 $5,679 $16,497
2017 $4,462 $21,888 $6,008 $15,880
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 Real Estate Agent - Bergen Basin Realty LLC

    Seller's Agent in 2023

    Kevin Stile

    Bergen Basin Realty LLC

    (917) 627-3169

    9 in this area

    27 Total Sales

    Kevin Stile
    Section Image
  • Jason Sciulara Real Estate Agent - Bergen Basin Realty LLC

    Seller Co-Listing Agent in 2023

    Jason Sciulara

    Bergen Basin Realty LLC

    (917) 440-9356

    28 in this area

    180 Total Sales

    Jason Sciulara
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 472627

Brooklyn Board of REALTORS®

APN: 07617-0054

New York Kings County Brooklyn 11210 Flatlands

1776 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.

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