NOT LISTED FOR SALE

Estimated Value: $3,244,371

Studio
-- Baths
3,500 Sq Ft
$927/Sq Ft Est. Value

Sale Details

Date Sold: November 29, 2021

Last sale price $2,850,000 $814 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $18,966 / mo

Highlights

  • Tile Flooring
  • 1-minute walk to 20 Avenue (D,M Line)
  • Back Yard
  • Is 281 Joseph B Cavallaro Rated 9+
  • Heating System Uses Steam

About This Home

As of November 2021

Mixed use three unit building located in the heart of 86th street. There are two 2 bedroom apartments currently paying $1800 per unit and the store is paying $6,000 per month with no lease. Tremendous amount of pedestrian and vehicular traffic. Building has very low expenses with the taxes only at $10,700 per year. Great opportunity for an owner user of for an investment. Can be delivered vacant.

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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Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,700

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 3,500 Sq Ft Home
  • Tile Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $3,000
  • Insurance Expense $2,600
  • Utility Expense $960
  • Gross Income $115,200
  • Net Operating Income $98,100

Property Details

Property Type

Other

Est. Annual Taxes

$10,700

Lot Details

2,000 Sq Ft Lot

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 86th street
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3500
  • Street Name I D X: 86th
  • Waterfront Present: No
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Road Frontage: 20
  • Roof: Asphalt/Tar

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Other

Fee Information

  • Annual Fuel Expense: 3000.00

Lot Info

  • Lot Dimensions: 20x100
  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20

Multi Family

  • Annual Gross Expense: 17100.00
  • Annual Gross Income: 115200
  • Insurance Expense: 2600.00
  • Property Net Operating Income: 98100.00
  • Unit Count: 1
  • Annual Utility Expenses: 960.00

Tax Info

  • Flip Tax Amount: 10700.00

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
Jul 26, 2021
Closed on
Nov 29, 2021
Sold by
Bought by
Sold Price
$2,850,000
Current Estimated Value
$3,244,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,371
Avg. Annual Appreciation
2.77%
Original Mortgage
$1,840,000
Outstanding Balance
$1,656,551
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,587,820

Purchase Details

Closed on
Oct 15, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.04%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,850,000 --
-- --
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 $1,840,000
Previous Owner $982,706
Previous Owner $400,000
Previous Owner $1,200,000
Previous Owner $600,000
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
11/29/2021 11/29/21 Sold $2,850,000 -- $814 / Sq Ft
07/26/2021 07/26/21 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 $14,013 $115,860 $19,980 $95,880
2025 $13,339 $106,920 $19,980 $86,940
2024 $13,339 $99,540 $19,980 $79,560
2023 $10,721 $90,180 $19,980 $70,200
2022 $10,418 $77,280 $19,980 $57,300
2021 $10,983 $74,820 $19,980 $54,840
2019 $5,989 $94,920 $19,980 $74,940
2018 $8,968 $43,992 $11,115 $32,877
2017 $8,865 $43,488 $11,783 $31,705
2016 $8,694 $43,488 $14,142 $29,346
2015 $4,948 $41,190 $16,080 $25,110
2014 $4,948 $38,859 $17,653 $21,206
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 454201

Brooklyn Board of REALTORS®

APN: 06346-0062

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