NOT LISTED FOR SALE

188 Stuyvesant Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,309,219 - $1,756,000

7 Beds
6.5 Baths
2,925 Sq Ft
$522/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $1,135,000 $388 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $8,715/month

Highlights

  • Wood Flooring
  • Handicap Accessible
  • Baseboard Heating
  • Fenced Yard
  • Multiple cooling system units
  • Back Yard

About This Home

As of December 2020

Beautiful, well maintained, three family brick property located in Bedford-Stuyvesant. This property features one 3 bedroom unit on the third floor, and two 2 bedroom units on the second and first floor. All units are up to date with hardwood floors throughout as well
as stainless steel appliances. Each unit also has two full bathrooms. There is a full unfinished basement with a half bath and a rather cozy backyard which can be accessed from either the basement or first floor unit. This property is located near plenty of shopping, schools, dinning, etc. Public transportation includes the J, A, and C trains. B15, B52, B38, and B46 Buses. The tenants are lovely. Great investment opportunity, don't let it pass you by. Call to schedule a showing today!

Last Agent to Sell the Property

Gary Roger

Century 21 Achievers Listed on: 08/31/2020

Century 21 Achievers

Last Buyer's Agent

Gary Roger

Century 21 Achievers Listed on: 08/31/2020

Century 21 Achievers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,028

Year Built

  • Built in 2005

Lot Details

  • 1,500 Sq Ft Lot
  • Lot Dimensions are 82 x 20
  • Fenced Yard
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,925 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Microwave

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Accessible Home Design

  • Handicap Accessible

Utilities

  • Multiple cooling system units
  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts

Listing and Financial Details

  • Tax Block 1630

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $2,000
  • Utility Expense $396
  • Gross Income $72,180
  • Net Operating Income $58,756

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,028

Year Built

Built in 2005

Lot Details

1,500 Sq Ft Lot

Listing Details

  • Basement Amenities: Full, Unfinished
  • Total Bathrooms: 7.00
  • Borough: Brooklyn
  • Building Length: 52.00
  • Building Width: 19.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Quincy St
  • Cross Street Name2: Gates Av
  • Handicap Access Y N U: Yes
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Microwave
  • Fill Sq Ft Total: 2925
  • Building Stories: 3
  • Street Name I D X: Stuyvesant
  • Building Style: Other
  • Year Built: 2005
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Basement Half Bathrooms: 1
  • Total Bedrooms: 7
  • Flooring: Ceramic, Hardwood, Tile
  • Lot Sq Ft: 1500

Exterior Features

  • Yard: Back, Fenced - Full
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 41
  • Roof: Flat

Utilities

  • Air Conditioning Units: 3
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 82
  • Lot Size Width: 20
  • Zoning: R6A

Multi Family

  • Annual Gross Expense: 13424.00
  • Annual Gross Income: 72180
  • Insurance Expense: 2000.00
  • Property Net Operating Income: 58756.00
  • Unit Count: 3
  • Annual Utility Expenses: 396.00

Tax Info

  • Flip Tax Amount: 8028.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2020
Closed on
Dec 29, 2020
Sold by
Francis Judith and Gordon Homer
Bought by
Chen Feng and Wu Huiyan
Seller's Agent
Gary Roger
Century 21 Achievers
Buyer's Agent
Gary Roger
Century 21 Achievers
Sold Price
$1,135,000
Current Estimated Value
$1,526,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,805
Avg. Annual Appreciation
5.85%
Original Mortgage
$794,500
Outstanding Balance
$705,840
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$820,965

Purchase Details

Closed on
Mar 22, 2006
Sold by
Stuyvesant Ave Development Inc
Bought by
Francis Judith and Gordon Homer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,750
Interest Rate
6.26%

Purchase Details

Closed on
Aug 11, 2005
Sold by
Torkian Djahangir
Bought by
Stuyvesant Ave Development Inc

Purchase Details

Closed on
Nov 17, 2003
Sold by
The City Of New York and City Hall
Bought by
Torkian Djahangir
Source: Public Records

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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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
Chen Feng $1,135,000 --
Chen Feng $1,135,000 --
Chen Feng $1,135,000 --
Francis Judith $675,000 --
Francis Judith $675,000 --
Stuyvesant Ave Development Inc -- --
Stuyvesant Ave Development Inc -- --
Torkian Djahangir $483,669 --
Torkian Djahangir $483,669 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Feng $794,500
Closed Chen Feng $794,500
Previous Owner Francis Judith $33,750
Previous Owner Francis Judith $607,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2020 12/29/20 Sold $1,135,000 -- $388 / Sq Ft
08/31/2020 08/31/20 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 $9,249 $96,000 $19,620 $76,380
2024 $9,249 $75,840 $19,620 $56,220
2023 $9,353 $74,700 $19,620 $55,080
2022 $9,090 $70,140 $19,620 $50,520
2021 $9,074 $76,920 $19,620 $57,300
2020 $8,610 $93,240 $19,620 $73,620
2019 $8,028 $90,720 $19,620 $71,100
2018 $8,028 $38,376 $9,835 $28,541
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Gary Roger

    Century 21 Achievers

    (718) 758-0600

    1 in this area

    7 Total Sales

    Gary Roger
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 443175

Brooklyn Board of REALTORS®

APN: 01630-0041

New York Kings County Brooklyn 11221 Bed-Stuy

188 Stuyvesant Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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