NOT LISTED FOR SALE

2174 E 5th St Brooklyn, NY 11223

Gravesend Neighborhood

Estimated Value: $2,730,000 - $4,327,371

-- Bed
3 Baths
3,960 Sq Ft
$883/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $2,525,000 $638 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $19,113/month

Highlights

  • Wood Flooring
  • Detached Garage
  • Hot Water Heating System
  • P.S. 215 Morris H Weiss Rated A-
  • Multiple cooling system units
  • Laundry Facilities

About This Home

As of July 2023

2 family detached 20 X 66 (3960 sq ft) home on a 29 X 100 lot, on one of the most exclusive blocks in Gravesend thats just a few short steps from Ocean Parkway!
3 bedroom apartment over a 3 bedroom apartment over a full finished basement with tons of square ft.

Last Agent to Sell the Property

Vincent Salino

Wolf Properties Inc Listed on: 09/28/2022

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,838

Year Built

  • Built in 1920

Lot Details

  • 2,900 Sq Ft Lot
  • Lot Dimensions are 100 x 29
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3 Full Bathrooms
  • 3,960 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • Shared Driveway

Utilities

  • Multiple cooling system units
  • Hot Water Heating System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Tax Block 7131

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,838

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 66.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue U
  • Cross Street Name2: Avenue V
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Hot Water
  • Number Of Families: 2
  • Parking Attributes: Detached Garage
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dryer, Laundry Area, Refrigerator, Stove, Washer
  • Fill Sq Ft Total: 3960
  • Building Stories: 2
  • Street Name I D X: 5th
  • Year Built: 1920
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Flooring: Carpeting, Ceramic, Hardwood
  • Lot Sq Ft: 2900

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 11
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 29
  • Zoning: R4

Tax Info

  • Flip Tax Amount: 8838.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Jul 5, 2023
Sold by
Estate Of Theresa Fortunato and George Blaise Fortunato As Administrato
Bought by
Armouth-Levy Rafi
Seller's Agent
Vincent Salino
Wolf Properties Inc
Buyer's Agent
NON MEMBER
List Price
$2,999,000
Sold Price
$2,525,000
Premium/Discount to List
-$474,000
-15.81%
Current Estimated Value
$3,498,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$973,457
Avg. Annual Appreciation
14.05%
Original Mortgage
$1,893,750
Outstanding Balance
$1,848,574
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,649,883
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
Armouth-Levy Rafi $2,525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armouth-Levy Rafi $1,893,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2023 07/05/23 Sold $2,525,000 -9.8% $638 / Sq Ft
11/03/2022 11/03/22 Price Changed $2,799,000 -6.7% $707 / Sq Ft
09/28/2022 09/28/22 For Sale $2,999,000 -- $757 / Sq Ft
09/27/2022 09/27/22 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 $9,413 $227,640 $18,180 $209,460
2024 $9,413 $220,920 $18,180 $202,740
2023 $8,994 $194,700 $18,180 $176,520
2022 $8,838 $159,360 $18,180 $141,180
2021 $3,956 $168,480 $18,180 $150,300
2020 $5,280 $119,280 $18,180 $101,100
2019 $3,426 $119,280 $18,180 $101,100
2018 $3,102 $36,903 $5,446 $31,457
2017 $3,188 $36,903 $5,806 $31,097
2016 $3,032 $36,547 $7,760 $28,787
2015 $1,661 $34,485 $10,995 $23,490
2014 $1,661 $32,546 $10,376 $22,170
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2023

    Vincent Salino

    Wolf Properties Inc

    (718) 382-9653

    14 in this area

    19 Total Sales

    Vincent Salino
    Section Image

  • N

    Buyer's Agent in 2023

    NON MEMBER

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 467021

Brooklyn Board of REALTORS®

APN: 07131-0011

New York Kings County Brooklyn 11223 Gravesend

2174 E 5th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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