NOT LISTED FOR SALE

2154 Pitkin Ave Brooklyn, NY 11207

East New York Neighborhood

Estimated Value: $1,238,336

Studio
-- Bath
4,060 Sq Ft
$305/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $1,225,000 $302 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,536/month

Highlights

  • Wood Flooring
  • 3-minute walk to Van Siclen Avenue (A,C Line)
  • Baseboard Heating
  • 4 Car Attached Garage
  • Multiple cooling system units
  • 2-minute walk to Grace Playground

About This Home

As of May 2021

High CAP RATE! Location!!! Location!!!
Amazing opportunity to own a well kept income producing building in East New York!
Mixed-Use property sits on a corner lot!
2 Apartments, Deli & 4 Car Garage that provides a great additional income.

Lot size: 20X100
Zoning: (R7A, C2-4, EC-5)
Transportation ( A, C, B20, B83)

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,190

Year Built

  • Built in 1935

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Property is zoned R7A, C2-4

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 4,060 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement

Flooring

  • Wood
  • Tile

Parking

  • 4 Car Attached Garage
  • Private Driveway

Utilities

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,500
  • Utility Expense $1,500
  • Gross Income $93,600

Property Details

Property Type

Other

Est. Annual Taxes

$11,190

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Basement Amenities: Semi-Finished
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Fire - Smoke Alarm, Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Wyona
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 4 Spaces, Attached Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4060
  • Building Stories: 3
  • Street Name I D X: Pitkin
  • Year Built: 1935
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Other
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Slab Concrete
  • Roof: Flat

Utilities

  • Air Conditioning Units: 2
  • Electric: 110 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R7A, C2-4

Multi Family

  • Annual Gross Expense: 25090.00
  • Annual Gross Income: 93600
  • Insurance Expense: 2500.00
  • Unit Count: 4
  • Annual Utility Expenses: 1500.00

Tax Info

  • Flip Tax Amount: 11190.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2021
Closed on
May 21, 2021
Sold by
Afgani Mohammad A
Bought by
2154 Pitkin Avenue Inc
Sold Price
$1,225,000
Current Estimated Value
$1,238,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,336
Avg. Annual Appreciation
1.77%
Original Mortgage
$840,000
Outstanding Balance
$758,857
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$570,664

Purchase Details

Closed on
Aug 31, 2005
Sold by
Rodriguez Elizabeth
Bought by
Afgani Mohammad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.84%
Mortgage Type
Commercial
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
2154 Pitkin Avenue Inc $1,225,000 --
Afgani Mohammad $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2154 Pitkin Avenue Inc $840,000
Previous Owner Afgani Mohammad $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $1,225,000 -- $302 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
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 $13,501 $216,450 $13,500 $202,950
2024 $13,501 $222,480 $13,500 $208,980
2023 $12,896 $185,400 $13,500 $171,900
2022 $11,910 $219,150 $13,500 $205,650
2021 $11,886 $168,705 $13,500 $155,205
2020 $5,410 $136,620 $13,500 $123,120
2019 $10,477 $136,620 $13,500 $123,120
2018 $10,286 $80,870 $9,589 $71,281
2017 $9,524 $74,880 $10,257 $64,623
2016 $9,609 $74,532 $11,293 $63,239
2015 $5,803 $69,012 $12,178 $56,834
2014 $5,803 $63,900 $13,500 $50,400
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 448331

Brooklyn Board of REALTORS®

APN: 03741-0016

New York Kings County Brooklyn 11207 East New York

2154 Pitkin Ave, Brooklyn, NY

Not Listed for Sale

Other

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