NOT LISTED FOR SALE

1787 E 51st St Brooklyn, NY 11234

Flatlands Neighborhood

Estimated Value: $780,000 - $996,000

6 Beds
3 Baths
1,980 Sq Ft
$429/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $760,000 $384 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,076/month

Highlights

  • Detached Garage
  • Heating System Uses Steam
  • Private Driveway
  • Back, Front, and Side Yard

About This Home

As of October 2024

This property represents a promising investment opportunity in Old Mill Basin. With its legal detached two-family layout, private driveway, and garage, it offers multiple avenues for generating income and maximizing returns.

For investors, the potential for rental income from two separate units presents a lucrative prospect. With some renovation and TLC, you can enhance the property's appeal to tenants, thereby increasing rental yields and long-term profitability.

Furthermore, the location in Old Mill Basin provides a strong foundation for investment success. The neighborhood's amenities, proximity to transportation, and community appeal make it a desirable area for renters, ensuring a steady demand for housing.

Whether you're looking to diversify your investment portfolio or establish a foothold in the Brooklyn real estate market, this property offers an attractive opportunity to generate passive income and build wealth over time.

Last Agent to Sell the Property

Charles D'alessandro

MadisonEstates Sothebys Realty Listed on: 09/01/2021

MadisonEstates Sothebys Realty

Last Buyer's Agent

Nick Parascandola

MadisonEstates Sothebys Realty

MadisonEstates Sothebys Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,331

Year Built

  • Built in 1899

Lot Details

  • 2,700 Sq Ft Lot
  • Lot Dimensions are 100 x 27
  • Back, Front, and Side Yard

Home Design

  • Duplex
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,980 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • Detached Garage
  • Private Driveway

Utilities

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

Listing and Financial Details

  • Tax Block 7896

Community Details

Overview

  • 2 Units

Building Details

  • 2 Vacant Units
  • Fuel Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,331

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Total Bathrooms: 3.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 18.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue N
  • Cross Street Name2: Avenue O
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: Detached Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Fill Sq Ft Total: 1980
  • Building Stories: 2
  • Street Name I D X: 51st
  • Building Style: Duplex
  • Waterfront Present: No
  • Year Built: 1899
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Other
  • Lot Sq Ft: 2700

Exterior Features

  • Yard: Back, Front, Side
  • Exterior Building Type: Detached
  • Construction Type: Other
  • Exterior: Aluminum Siding
  • Foundation Details: Other
  • Lot Number: 6
  • Roof: Shingle

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 27
  • Zoning: R3-2

Tax Info

  • Flip Tax Amount: 7331.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 25, 2024
Sold by
Delucchi-Moriarty Dina and Delucchi-Moriarty Dina As
Bought by
1787 E 51St Llc
Seller's Agent
Charles D'alessandro
MadisonEstates Sothebys Realty
Buyer's Agent
Nick Parascandola
MadisonEstates Sothebys Realty
List Price
$821,000
Sold Price
$760,000
Premium/Discount to List
-$61,000
-7.43%
Views
19
Current Estimated Value
$849,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,972
Avg. Annual Appreciation
11.71%
Original Mortgage
$450,000
Outstanding Balance
$445,520
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$404,452

Purchase Details

Closed on
Sep 19, 2008
Sold by
Napolitano Caterina and Napolitano Joseph C
Bought by
Napolitano Caterina
Source: Public Records

Range of Values:

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Average Value
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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
1787 E 51St Llc $750,000 --
Napolitano Caterina -- --
Napolitano Caterina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1787 E 51St Llc $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2024 10/25/24 Sold $760,000 -7.4% $384 / Sq Ft
05/13/2024 05/13/24 For Sale $821,000 -- $415 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $7,539 $44,760 $12,660 $32,100
2024 $7,539 $52,680 $12,660 $40,020
2023 $7,192 $62,340 $12,660 $49,680
2022 $6,954 $50,520 $12,660 $37,860
2021 $7,331 $51,600 $12,660 $38,940
2020 $6,977 $43,140 $12,660 $30,480
2019 $6,543 $41,640 $12,660 $28,980
2018 $6,015 $29,509 $9,744 $19,765
2017 $5,918 $29,030 $9,586 $19,444
2016 $5,803 $29,030 $9,976 $19,054
2015 $3,303 $27,629 $9,438 $18,191
2014 $3,303 $26,066 $8,344 $17,722
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Charles D'alessandro

    MadisonEstates Sothebys Realty

    (646) 921-2241

    8 in this area

    69 Total Sales

    Charles D'alessandro
    Section Image

  • N

    Buyer's Agent in 2024

    Nick Parascandola

    MadisonEstates Sothebys Realty

    (718) 645-1665

    5 in this area

    63 Total Sales

    Nick Parascandola
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 455218

Brooklyn Board of REALTORS®

APN: 07896-0006

New York Kings County Brooklyn 11234 Flatlands

1787 E 51st St, Brooklyn, NY

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