NOT LISTED FOR SALE
-- Bed
6.5 Baths
6,240 Sq Ft
2,933 Sq Ft Lot

Sale Details

Date Sold: May 25, 2023

Last sale price $1,650,000 $264 Per Sq Ft

Highlights

  • Wood Flooring
  • Bike Room
  • Back and Side Yard
  • P.S. 197 Kings Highway Academy (The) Rated A-
  • Fenced Yard
  • Heating System Uses Steam

About This Home

As of May 2023

Tremendous opportunity for an investor ! Rare find! Huge (26' by 80') brick 3 story legal 6 Fam house in the heart of Midwood! The building is in immaculate condition and was gut renovated 9 years ago: from plumbing to electrics, from new lobby to the roof! The building consists of 6 generously sized 2 bedrooms that all currently rented. Only two of the units are under rent control program. 5 apartments were recently upgraded with new kitchens, tiled bathrooms and beautiful parquet floors. Enormous high ceilings basement contains 5 storage rooms, utility room, half/bathroom and laundromat. All new heating system provides most efficient source of heat: gas and water with 6 separate zones. Every unit has its own thermostat. Two water heaters!
The building offers a beautiful lobby with intercom and a huge backyard that can be a great benefit to any business or use.
Minutes to B and Q trains, multiple choices of shopping options and houses of worship. PLEASE NOTE: THE OWNER IS ABLE TO OFFER PRIVATE FINANCING WITH COMPATIBLE RATE.

Rental breakdown can be presented by request
Serious inquiries only please!!

Last Agent to Sell the Property

Olga Moldavsky

RE/MAX Edge License #10301216091 Listed on: 12/08/2022

RE/MAX Edge

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,028

Year Built

  • Built in 1924

Lot Details

  • 2,933 Sq Ft Lot
  • Lot Dimensions are 26.67 x 110
  • Fenced Yard
  • Irregular Lot
  • Back and Side Yard

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 6,240 Sq Ft Home
  • 3-Story Property
  • Stove

Flooring

  • Wood
  • Parquet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Tax Block 7674

Community Details

Overview

  • 6 Units
  • On-Site Maintenance

Amenities

  • Laundry Facilities
  • Secure Lobby
  • Bike Room
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,028

Year Built

Built in 1924

Lot Details

2,933 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full, Separate Entrance
  • Total Bathrooms: 7.00
  • Borough: Brooklyn
  • Building Length: 80.00
  • Building Width: 26.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ave N
  • Cross Street Name2: Ave O
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 6
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dryer, Laundry Area, Refrigerator, Stove, Washer
  • Fill Sq Ft Total: 6240
  • Building Stories: 3
  • Street Name I D X: Ocean
  • Year Built: 1924
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Basement Half Bathrooms: 1
  • Flooring: Ceramic, Hardwood, Parquet
  • Lot Sq Ft: 2933

Exterior Features

  • Yard: Back, Side, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Block, Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 17
  • Roof: Rubber

Utilities

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

Lot Info

  • Lot Dimensions: 26.67 X 110
  • Lot Size Irregular: Yes
  • Lot Size Length: 110
  • Lot Size Width: 26
  • Zoning: R7A

Tax Info

  • Flip Tax Amount: 24028.00

Multi Family

  • Unit Count: 6

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
Dec 8, 2022
Closed on
May 22, 2023
Sold by
Bought by
Seller's Agent
Olga Moldavsky
RE/MAX Edge
Buyer's Agent
NON MEMBER
List Price
$1,998,000
Sold Price
$1,650,000
Premium/Discount to List
-$348,000
-17.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
0.0639%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2012
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,650,000 --
$750,000 --
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 $980,000
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
05/25/2023 05/25/23 Sold $1,650,000 -5.7% $264 / Sq Ft
02/27/2023 02/27/23 Price Changed $1,750,000 -5.4% $280 / Sq Ft
01/19/2023 01/19/23 Price Changed $1,850,000 -7.4% $296 / Sq Ft
12/08/2022 12/08/22 For Sale $1,998,000 -- $320 / Sq Ft
12/06/2022 12/06/22 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 $28,464 $550,800 $8,100 $542,700
2025 $26,428 $459,000 $8,100 $450,900
2024 $26,428 $382,320 $8,100 $374,220
2023 $24,015 $477,900 $8,100 $469,800
2022 $17,964 $488,250 $8,100 $480,150
2021 $22,462 $445,950 $8,100 $437,850
2020 $10,563 $471,240 $8,100 $463,140
2019 $20,148 $471,240 $8,100 $463,140
2018 $19,154 $150,593 $2,071 $148,522
2017 $19,154 $150,593 $2,442 $148,151
2016 $18,742 $145,377 $2,760 $142,617
2015 $11,671 $134,741 $3,070 $131,671
2014 $11,671 $125,086 $2,281 $122,805
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 469457

Brooklyn Board of REALTORS®

APN: 07674-0017

Your Personal Tour Guide

Ask me questions while you tour the home.