NOT LISTED FOR SALE

Estimated Value: $1,837,000 - $1,854,000

-- Bed
-- Bath
3,365 Sq Ft
$549/Sq Ft Est. Value

Last Sold May 31, 2016

Current estimated payment $10,833/month

293 Days on Market

About This Home

As of May 2016

On a wonderful street just off of 18th Avenue this three story brick two family home (20'by 62') with driveway and private garage provides approx. 3,500 square feet of living space with two three bedroom units on the top two floors. The lower level is easily converted to a separate unit with windows on three sides, egress to front and backyards and currently plumbed for full bath. The owners have taken incredible care of the home. . Excellent opportunity for very high rental income for owner/investor in a most convenient location.

Last Agent to Sell the Property

Charles Ruoff

Brown Harris Stevens Brooklyn LLC License #30RU1048281 Listed on: 07/13/2015

Brown Harris Stevens Brooklyn LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,993

Home Design

Community Details

  • 2 Units
  • Bensonhurst Subdivision

Listing and Financial Details

  • Legal Lot and Block 61 / 5561

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,993

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bensonhurst
  • Special Features: None
  • Property Sub Type: MultiFamily

Building Info

  • Units: 2

Tax Info

  • Tax Block: 5561
  • Tax Lot: 61

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2015
Closed on
May 20, 2016
Sold by
Caroline Martini Family Revocable Trust and Dated May 16 2016
Bought by
Li Xibo and Luo Yueting
Seller's Agent
Charles Ruoff
Brown Harris Stevens Brooklyn LLC
List Price
$1,250,000
Current Estimated Value
$1,845,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$558,991
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,181,782

Purchase Details

Listed on
Jul 13, 2015
Closed on
May 16, 2016
Sold by
Martini Curneen Tara and Martini Glenn
Bought by
Caroline Martini Family Revocable Trust and Dated May 16 2016
Seller's Agent
Charles Ruoff
Brown Harris Stevens Brooklyn LLC
List Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$558,991
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,181,782

Purchase Details

Closed on
Dec 18, 2006
Sold by
Caroline Martini Family Irrevocable Trus and Richard Martini Trustee
Bought by
Martini Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
6.29%

Purchase Details

Closed on
Oct 19, 1998
Sold by
Martini Caroline
Bought by
Martini Richard and Caroline Martini Family Irrevocable Tr
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
Li Xibo $1,180,000 --
Li Xibo $1,180,000 --
Caroline Martini Family Revocable Trust -- --
Caroline Martini Family Revocable Trust -- --
Martini Caroline -- --
Martini Caroline -- --
Martini Richard -- First American Title Ins Co
Martini Richard -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Xibo $700,000
Closed Li Xibo $700,000
Previous Owner Martini Caroline $544,185
Closed Martini Caroline $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold -- -- --
05/01/2016 05/01/16 Pending -- -- --
07/13/2015 07/13/15 For Sale $1,250,000 -- $371 / Sq Ft
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 $11,993 $109,200 $16,020 $93,180
2024 $11,993 $107,760 $16,020 $91,740
2023 $11,441 $96,840 $16,020 $80,820
2022 $7,957 $94,620 $16,020 $78,600
2021 $11,185 $84,300 $16,020 $68,280
2020 $5,518 $82,020 $16,020 $66,000
2019 $10,410 $82,020 $16,020 $66,000
2018 $9,570 $46,946 $10,224 $36,722
2017 $9,029 $44,290 $8,865 $35,425
2016 $8,854 $44,290 $11,481 $32,809
2015 $1,957 $43,956 $14,378 $29,578
2014 $1,957 $41,468 $11,532 $29,936
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10466662

Real Estate Board of New York (REBNY)

APN: 05561-0061