NOT LISTED FOR SALE

1979 E 1st St Brooklyn, NY 11223

Gravesend Neighborhood

Estimated Value: $2,660,818

Studio
2.5 Baths
2,872 Sq Ft
$926/Sq Ft Est. Value

Sale Details

Date Sold: October 5, 2018

Last sale price $2,400,000 $836 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $15,720 / mo

Highlights

  • Wood Flooring
  • 5-minute walk to Kings Highway (F Line)
  • Back Yard
  • P.S. 215 Morris H Weiss Rated A-
  • Heating System Uses Steam
  • 4-minute walk to McDonald Playground

About This Home

As of October 2018

LOCATION...LOCATION...LOCATION....This is a rare opportunity to own a home on such an amazing block in Gravesend. BUILD YOUR DREAM HOME! The house is a 2 family detached brick home that is sitting on a 30 x 100 lot between Ave S and Ave T. The house is built 20 x 48. Needs work and will be delivered vacant! There is a shared driveway. The house is across the street from the train and is backed up against east 2nd street. The house is priced to sell. Please bring all Buyers and offers.

Last Agent to Sell the Property

Frank Lupi

Wolf Properties Inc Listed on: 11/27/2017

Last Buyer's Agent

Frank Lupi

Wolf Properties Inc Listed on: 11/27/2017

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 100 x 30
  • Back Yard

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Pitched Roof

Parking

  • 2 Parking Spaces
  • Shared Driveway

Utilities

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

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 48.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue T
  • Cross Street Name2: Avenue S
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Street Name I D X: 1
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Flooring: Hardwood
  • Lot Sq Ft: 3000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Roof: Pitched

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 30

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
Nov 27, 2017
Closed on
Oct 5, 2018
Sold by
Estate Of Josephine Petrassi
Bought by
Seller's Agent
Frank Lupi
Wolf Properties Inc
Buyer's Agent
Frank Lupi
Wolf Properties Inc
Sold Price
$2,400,000
Current Estimated Value
$2,660,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,818
Avg. Annual Appreciation
1.30%
Original Mortgage
$871,000
Outstanding Balance
$742,024
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,918,794
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Gravesend, NY

  • John Sprague Real Estate Agent - RE/MAX Elite

    John Sprague

    RE/MAX Elite

    (718) 751-0584

    97 Total Sales

    2 in Gravesend

    $1.6M - $1.7M Price Range

    John Sprague
     Section Image
  • Olga Moldavsky Real Estate Agent - REMAX EDGE

    Olga Moldavsky

    REMAX EDGE

    (888) 477-2209

    139 Total Sales

    19 in Gravesend

    $188K - $1.3M Price Range

    Olga Moldavsky
     Section Image
  • Dazhi Simon Su Real Estate Agent - Re/Max Edge

    Dazhi Simon Su

    Re/Max Edge

    (646) 718-5880

    69 Total Sales

    5 in Gravesend

    $745K - $1.6M Price Range

    Dazhi Simon Su
     Section Image
  • Madeline Caudiano Real Estate Agent - RE/MAX Elite

    Madeline Caudiano

    RE/MAX Elite

    (844) 643-0562

    40 Total Sales

    2 in Gravesend

    $905K - $1.5M Price Range

    Madeline Caudiano
     Section Image
  • Allan Zhu Real Estate Agent - RE/MAX Edge

    Allan Zhu

    Responds Quickly

    RE/MAX Edge

    (833) 369-2730

    102 Total Sales

    6 in Gravesend

    $390K - $1.3M Price Range

    Allan Zhu
     Section Image
  • Steve Caro Real Estate Agent - Robert DeFalco Realty, Inc.

    Steve Caro

    Robert DeFalco Realty, Inc.

    (855) 617-4903

    41 Total Sales

    2 in Gravesend

    $250K - $1.1M Price Range

    Steve Caro
     Section Image
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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
$2,400,000 --
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 $871,000
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
10/05/2018 10/05/18 Sold $2,400,000 -- $836 / Sq Ft
11/27/2017 11/27/17 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 $11,618 $112,380 $38,460 $73,920
2025 $10,197 $129,000 $38,460 $90,540
2024 $10,197 $101,880 $38,460 $63,420
2023 $9,796 $90,060 $38,460 $51,600
2022 $9,037 $98,700 $38,460 $60,240
2021 $9,562 $91,740 $38,460 $53,280
2019 $8,847 $87,360 $38,460 $48,900
2018 $8,087 $42,902 $19,856 $23,046
2017 $7,605 $40,474 $15,119 $25,355
2016 $3,425 $40,474 $16,609 $23,865
2015 $1,864 $40,170 $15,561 $24,609
2014 $1,864 $37,897 $14,858 $23,039
Source: Public Records

Agents Affiliated with this Home

  • Frank Lupi Real Estate Agent - Wolf Properties Inc

    Seller's Agent in 2018

    Frank Lupi

    Wolf Properties Inc

    (646) 773-7624

    12 in this area

    20 Total Sales

    Frank Lupi
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 416347

Brooklyn Board of REALTORS®

APN: 07104-0201

New York Kings County Brooklyn 11223 Gravesend

1979 E 1st St, Brooklyn, NY

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Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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