NOT LISTED FOR SALE

Estimated Value: $2,662,000 - $5,093,000

8 Beds
6 Baths
4,750 Sq Ft
$786/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2023

Last sale price $3,000,000 $632 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $21,287 / mo

128 Days on Market

Highlights

  • Balcony
  • Garage
  • 4-minute walk to Frost Playground
  • P.S. 132 The Conselyea School Rated A-

About This Home

As of March 2023

Opportunity Awaits! Reach out for full investment setup. An expansive multi-family townhouse nestled between McCarren Park and Cooper Park, 224 Withers Street is a prime investment opportunity with amazing growth potential. Clad in a classic redbrick façade, the property spreads 8 bedrooms and 6 bathrooms across a trio of spacious rental units. The only house in the vicinity with two income-generating gated parking spots, a private rooftop deck, and a fenced backyard patio with a storage shed. Plans are approved for an additional 1,300 sqft penthouse level and roof deck should owners decide to pursue this option. Each home features hardwood floors, sash windows, airy high ceilings (10-12ft), open-concept layouts, private outdoor space, and corner kitchens with stainless steel appliances including gas-burning stoves. The first apartment is a 2-bedroom, 2-bathroom duplex with backyard access, laundry room, and an expansive lower level that is soundproofed from a previous sound studio setup and has approved plans for an extra full bathroom. It can also easily be used as a home office or workout space. The second and third apartments have 3 bedrooms, 2 bathrooms, with their own front and back balconies. The entry hallway is equipped with a security camera. Built in 2003 and originally conceived as a six-family building, 224 Withers was upgraded to a three-family that is easily convertible back to a six-family or a high-end single family with the right permits and plans. Situated in Williamsburg, the building is moments from dozens of trendy restaurants, bars, cafes, and shops. It is close to McCarren Park, Msgr. McGolrick Park, Cooper Park, Greenpoint, and Brooklyn Steel. Nearby subway lines include the L (Grand Street Stop) and G trains. Lot size: 25 ft x 100 ft

Last Agent to Sell the Property

Jordan March

Serhant License #10301213693 Listed on: 08/23/2022

Co-Listed By

Sean McPeak

Serhant License #10401216522

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25.0 x 100.0

Parking

  • Garage

Interior Spaces

  • 4,750 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Balcony

Community Details

  • 3 Units
  • Williamsburg Subdivision

Listing and Financial Details

  • Tax Block 02875

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

2,500 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 4750.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 6
  • Bathrooms Integer: 6
  • Bedrooms: 8

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Lot Info

  • Lot Size Area: 2500.0
  • Lot Size Dimensions: 25.0 x 100.0

Building Info

  • Units: 3
  • Total Stories: 3
  • Year Built: 2000

Tax Info

  • Tax Block: 02875

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
Aug 23, 2022
Closed on
Mar 31, 2023
Sold by
Bought by
Seller's Agent
Jordan March
Serhant
List Price
$3,920,000
Sold Price
$3,000,000
Premium/Discount to List
-$920,000
-23.47%
Views
32
Current Estimated Value
$3,733,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$733,387
Avg. Annual Appreciation
7.10%
Original Mortgage
$2,250,000
Outstanding Balance
$2,170,279
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,563,108

Purchase Details

Closed on
Apr 11, 2017
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
$1,450,000
Interest Rate
4.1%

Purchase Details

Closed on
Jul 30, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 1999
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 1994
Sold by
Bought by
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

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
$3,000,000 --
$3,000,000 --
$3,000,000 --
-- --
-- --
-- --
$52,000 Fidelity National Title Ins
$52,000 Fidelity National Title Ins
-- --
-- --
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 $2,250,000
Closed $2,250,000
Previous Owner $1,450,000
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
04/02/2023 04/02/23 Off Market $3,899,000 -- --
03/31/2023 03/31/23 Sold $3,000,000 -23.1% $632 / Sq Ft
12/30/2022 12/30/22 Pending -- -- --
12/19/2022 12/19/22 Price Changed $3,899,000 +11.4% $821 / Sq Ft
12/19/2022 12/19/22 Price Changed $3,499,000 -10.7% $737 / Sq Ft
12/01/2022 12/01/22 For Sale $3,920,000 0.0% $825 / Sq Ft
12/01/2022 12/01/22 Off Market $3,920,000 -- --
08/24/2022 08/24/22 Price Changed $3,920,000 -0.8% $825 / Sq Ft
08/23/2022 08/23/22 For Sale $3,950,000 -- $832 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $13,689 $258,120 $23,820 $234,300
2025 $13,689 $296,340 $23,820 $272,520
2024 $13,689 $234,060 $23,820 $210,240
2023 $13,599 $287,160 $23,820 $263,340
2022 $12,610 $311,940 $23,820 $288,120
2021 $12,542 $240,840 $23,820 $217,020
2020 $5,942 $242,640 $23,820 $218,820
2019 $11,881 $242,640 $23,820 $218,820
2018 $11,375 $55,799 $7,431 $48,368
2017 $10,731 $52,641 $8,744 $43,897
2016 $9,928 $49,662 $9,843 $39,819
2015 $5,990 $47,329 $14,065 $33,264
2014 $5,990 $47,329 $11,954 $35,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10845451

Real Estate Board of New York (REBNY)

APN: 02875-0014

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