NOT LISTED FOR SALE

Estimated Value: $1,265,442

3 Beds
2 Baths
2,200 Sq Ft
$575/Sq Ft Est. Value

Last Sold November 29, 2023

Last sale price $1,150,000 $523 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,079/month

55 Days on Market

Highlights

  • No HOA
  • No Heating
  • 2-minute walk to Amersfort Park

About This Home

As of November 2023

Introducing an Outstanding Investment Opportunity on 1842 Flatbush Ave!

This remarkable property presents an exceptional investment opportunity in a prime location. Nestled on the border of Flatlands and Midwood, this mixed-use building boasts a commercial store and a charming family residence, complete with a private driveway and two convenient parking spaces. Positioned in a bustling, high-traffic area on Flatbush Ave, this property guarantees excellent visibility and accessibility.

The commercial store features a prominent street entrance on Flatbush Ave, providing unparalleled exposure for any business. The commercial space is currently in a pristine, white-boxed state, offering a blank canvas for customization according to your business needs. Additionally, a cellar downstairs offers ample space for storage or potential expansion.

The private 3-bed, 2-bath residence situated upstairs, providing a haven of comfort and convenience. This home has a dedicated parking area exclusively for residents, accompanied by a private entrance from East 37th St. This provides enhanced privacy and ease of access to the unit. Inside, the residence boasts a thoughtfully designed layout, featuring modern amenities and stylish finishes. The inclusion of a washer and dryer within the unit adds a remarkable level of convenience, kitchen showcases updated appliances, and hardwood floors throughout the unit. This residential unit offers an array of desirable features, ensuring a seamless move-in experience.

Nestled in the vibrant neighborhood of Flatland in Brooklyn, 1842 Flatbush Ave offers a truly dynamic living experience. This prime location places residents in the heart of a bustling community, brimming with a myriad of amenities and conveniences. The neighborhood boasts a diverse selection of shops, restaurants, and cafes along Flatbush Avenue, providing endless options for dining, entertainment, and retail therapy. The nearby presence of major roads and highways ensures seamless connectivity to other parts of Brooklyn and beyond, making commuting a breeze with the 2 Train & B41Bus.

Don't miss out on this exceptional investment opportunity! Whether you're an entrepreneur looking to establish a thriving business or an investor seeking a lucrative property, this mixed-use building on 1842 Flatbush Ave is a must-see. Take advantage of the prime location, renovated units, and the potential for substantial returns. Contact us today to arrange a viewing and secure your future in this remarkable property!

Last Agent to Sell the Property

Justin Martinez

Corcoran Group License #10401225096 Listed on: 06/14/2023

Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,836

Year Built

  • Built in 1931

Lot Details

  • Lot Dimensions are 20.000000x89.000000

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • Midwood Subdivision

Listing and Financial Details

  • Legal Lot and Block 36 / 07637

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,836

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Midwood
  • Entry Level: 1
  • Structure Type: Mixed Use
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dryer, Washer
  • Fireplace: No
  • Living Area: 2200.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 20.000000x89.000000

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1931

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 07637
  • Tax Lot: 36
  • Tax Annual: 4836.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Nov 29, 2023
Sold by
Wz 1842 Llc
Bought by
1842 Flatbush Ave Llc
Seller's Agent
Justin Martinez
Corcoran Group
List Price
$1,350,000
Sold Price
$1,150,000
Premium/Discount to List
-$200,000
-14.81%
Views
2
Current Estimated Value
$1,265,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,442
Avg. Annual Appreciation
5.03%

Purchase Details

Listed on
Jun 1, 2022
Closed on
Sep 12, 2022
Sold by
Wang Thomas Xinyan and Wang Vanessa Jing
Bought by
Wz 1842 Llc
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Jimmy Lu
RE/MAX Edge
Sold Price
$435,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
123.32%

Purchase Details

Closed on
Aug 5, 2019
Sold by
Ren Chu Jun and Wang & Ren Trust
Bought by
Wang Thomas Xinyan and Wang Vanessa Jing

Purchase Details

Closed on
Sep 1, 2017
Sold by
Ren Chu Jun and Wang Jian Sheng
Bought by
Chu Jun Ren As Trustee and Jian Sheng Wang As Trustee

Purchase Details

Closed on
Mar 12, 1998
Sold by
Wang Jian Sheng
Bought by
Wang Jian Sheng and Ren Chu Jun

Purchase Details

Closed on
Dec 1, 1997
Sold by
Cannella Sarafina
Bought by
Wang Jian Sheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 1997
Sold by
Stabile Catherine
Bought by
Cannella Sarafina
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1842 Flatbush Ave Llc $1,150,000 --
1842 Flatbush Ave Llc $1,150,000 --
Wz 1842 Llc $435,000 --
Wz 1842 Llc $435,000 --
Wang Thomas Xinyan -- --
Wang Thomas Xinyan -- --
Chu Jun Ren As Trustee -- --
Chu Jun Ren As Trustee -- --
Wang Jian Sheng -- --
Wang Jian Sheng -- --
Wang Jian Sheng $145,000 --
Wang Jian Sheng $145,000 --
Cannella Sarafina -- --
Cannella Sarafina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Jian Sheng $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2023 11/29/23 Sold $1,150,000 -14.8% $523 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $1,350,000 +210.3% $614 / Sq Ft
09/12/2022 09/12/22 Sold $435,000 -- $198 / Sq Ft View Prior Sale
06/01/2022 06/01/22 Pending -- -- --
Source: Real Estate Board of New York (REBNY)

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 $5,077 $48,420 $9,060 $39,360
2024 $5,077 $44,880 $9,060 $35,820
2023 $4,843 $51,060 $9,060 $42,000
2022 $4,461 $25,080 $9,060 $16,020
2021 $4,807 $35,760 $9,060 $26,700
2020 $4,807 $37,500 $9,060 $28,440
2019 $4,406 $37,500 $9,060 $28,440
2018 $4,051 $19,872 $5,759 $14,113
2017 $4,007 $19,656 $6,107 $13,549
2016 $3,826 $19,140 $6,072 $13,068
2015 $2,017 $18,057 $6,868 $11,189
2014 $2,017 $17,553 $8,007 $9,546
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10946829

Real Estate Board of New York (REBNY)

APN: 07637-0036