NOT LISTED FOR SALE

216 88th St Brooklyn, NY 11209

Fort Hamilton Neighborhood

Estimated Value: $1,289,000 - $1,362,000

4 Beds
3 Baths
2,240 Sq Ft
$588/Sq Ft Est. Value

Last Sold October 29, 2019

Last sale price $1,199,000 $535 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,839/month

50 Days on Market

About This Home

As of October 2019

Welcome to 216 88th Street: We are proud to present this solid brick, 2 Family home located in prime Bay Ridge Brooklyn. The building is 66 feet long and offers a spacious layout in both apartments. There is access to a full basement from the owners unit with front entry and rear exit to the backyard. Both units offer 2 bedrooms, changing rooms, an open living room, eat in kitchen, and a full bathroom. The top floor rental unit offers an additional room above the main entrance. Other features include hardwood floors, original moldings, and pocket doors. Positioned off of 3rd Avenue, this property is within close proximity to all the amenities Bay Ridge has to offer. Whether it's a delicious meal at Positano, a serious sandwich at Paneantico, sushi at Fushimi, or just shopping along 86th Street you have it all. Easy access to Manhattan via the express bus, ferry service, or the N/R trains

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,475

Year Built

  • Built in 1905

Lot Details

  • 2,178

Interior Spaces

  • 3-Story Property

Listing and Financial Details

  • Legal Lot and Block 103 / 6061

Community Details

Overview

  • 2 Units
  • Bayridge Subdivision

Amenities

  • Building Terrace

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,475

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Cross Street: 3rd Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: BAYRIDGE
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Exterior Features

  • Patio/Porch Features: Building Terrace

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Natural Gas

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1905

Tax Info

  • Tax Block: 6061
  • Tax Lot: 103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2019
Closed on
Oct 28, 2019
Sold by
Drennen Michael
Bought by
Lam Philip
List Price
$1,199,000
Sold Price
$1,199,000
Current Estimated Value
$1,317,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,729
Avg. Annual Appreciation
1.59%
Original Mortgage
$959,200
Outstanding Balance
$844,688
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$473,041

Purchase Details

Closed on
Nov 13, 2003
Sold by
Lorenzo Benjamin and Lorenzo Margarita
Bought by
Drennen Kathleen and Drennen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 1998
Sold by
White Mary Miller
Bought by
Lorenzo Benjamin and Lorenzo Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.85%
Source: Public Records

Range of Values:

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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
Lam Philip $1,199,000 --
Drennen Kathleen $610,000 --
Drennen Kathleen $610,000 --
Lorenzo Benjamin $275,000 First American Title Ins Co
Lorenzo Benjamin $275,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Not Available From The Data Source $959,200
Previous Owner Drennen Kathleen $413,000
Previous Owner Lorenzo Benjamin $245,000
Closed Drennen Kathleen $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2019 10/29/19 Sold $1,199,000 0.0% $535 / Sq Ft
07/15/2019 07/15/19 Pending -- -- --
05/25/2019 05/25/19 For Sale $1,199,000 -- $535 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $10,475 $73,140 $13,440 $59,700
2024 $10,475 $72,660 $13,440 $59,220
2023 $10,216 $81,060 $13,440 $67,620
2022 $9,527 $76,200 $13,440 $62,760
2021 $9,501 $67,380 $13,440 $53,940
2020 $4,723 $77,100 $13,440 $63,660
2019 $8,799 $77,100 $13,440 $63,660
2018 $8,248 $41,920 $8,046 $33,874
2017 $7,807 $39,770 $7,595 $32,175
2016 $7,211 $37,621 $8,679 $28,942
2015 $4,305 $37,621 $10,478 $27,143
2014 $4,305 $36,218 $11,804 $24,414
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10567895

Real Estate Board of New York (REBNY)

APN: 06061-0013

New York Kings County Brooklyn 11209 Fort Hamilton

216 88th St, Brooklyn, NY

This home is located at 216 88th St, Brooklyn, NY 11209 since 19 May 2019 and is currently estimated at $1,317,729, approximately $588 per square foot. This property was built in 1905. 216 88th St is a home located in Kings County with nearby schools including P.S. 185 Walter Kassenbrock, IS 201 Madeleine Brennan Intermediate School, and Fort Hamilton High School.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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