NOT LISTED FOR SALE

197 E 56th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $625,000 - $776,000

3 Beds
2 Baths
1,613 Sq Ft
$440/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $550,000 $341 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,175/month

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Back Yard
  • Handicap Accessible
  • Private Driveway

About This Home

As of August 2023

Brick 2 family in East Flatbush
A private driveway with a garage needs TLC.
vacant and priced to sell.
Don't miss out!

Last Agent to Sell the Property

Daniel Sosani

Listed on: 03/24/2023

Last Buyer's Agent

Daniel Sosani

Listed on: 03/24/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,295

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Private Driveway

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 110 Volts
  • Electric Water Heater

Additional Features

  • Walk-Out Basement
  • Handicap Accessible

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 4704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,295

Lot Details

0

Listing Details

  • Basement Amenities: Separate Entrance
  • Borough: Brooklyn
  • Building Length: 48.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Church Ave
  • Cross Street Name2: Snyder Ave
  • Handicap Access Y N U: Yes
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Street Name I D X: 56th
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpeting, Hardwood
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 70
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Electric

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20

Tax Info

  • Flip Tax Amount: 5295.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2023
Closed on
Aug 23, 2023
Sold by
Helen M Bowman Trust and Marilyn E Britt As Trustee
Bought by
197 East 56 Llc
Seller's Agent
Daniel Sosani
Buyer's Agent
Daniel Sosani
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%
Views
119
Current Estimated Value
$709,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,542
Avg. Annual Appreciation
11.45%
Original Mortgage
$412,500
Outstanding Balance
$403,360
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$306,182
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
197 East 56 Llc $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 197 East 56 Llc $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2023 08/23/23 Sold $550,000 -15.4% $341 / Sq Ft
04/26/2023 04/26/23 For Sale $650,000 0.0% $403 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
03/24/2023 03/24/23 For Sale $650,000 -- $403 / Sq Ft
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 $5,501 $35,760 $11,700 $24,060
2024 $5,501 $41,820 $11,700 $30,120
2023 $5,387 $43,740 $11,700 $32,040
2022 $4,636 $45,360 $11,700 $33,660
2021 $4,738 $38,040 $11,700 $26,340
2020 $4,738 $25,260 $11,700 $13,560
2019 $4,116 $25,260 $11,700 $13,560
2018 $1,594 $22,104 $10,190 $11,914
2017 $1,607 $22,104 $9,752 $12,352
2016 $1,515 $21,370 $10,685 $10,685
2015 $826 $20,161 $11,513 $8,648
2014 $826 $19,020 $13,020 $6,000
Source: Public Records

Agents Affiliated with this Home

  • Daniel Sosani

    Seller's Agent in 2023

    Daniel Sosani

    (718) 915-6892

    2 in this area

    32 Total Sales

    Daniel Sosani
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 472569

Brooklyn Board of REALTORS®

APN: 04704-0070

New York Kings County Brooklyn 11203 East Flatbush

197 E 56th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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