NOT LISTED FOR SALE

229 57th St Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated Value: $1,020,000 - $1,179,000

5 Beds
2.5 Baths
2,520 Sq Ft
$441/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $980,000 $389 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,308/month

Highlights

  • Heating System Uses Steam
  • Back Yard
  • 3-minute walk to Martin Luther Playground
  • IS 220 John J. Pershing Rated A

About This Home

As of September 2023

First time on the market! Don’t miss the opportunity to own this 2 family home in the heart of Sunset Park!
Level 1 (ground level) - Living room and dining room combo, huge eat-in kitchen with access to backyard, 1/2 bath and basement access.
Level 2- 3 bedrooms and full bath.
Level 3 - 2 bedroom and full bath
Currently set up with additional point of entry from hallway.
Home offers great potential with a little TLC.
Conveniently located near shopping and transportation.

Last Agent to Sell the Property

Xiao Xia Lu

JM Properties of Brooklyn Listed on: 01/03/2023

Last Buyer's Agent

Leeya Qiu

Robert Defalco Realty Inc

Robert Defalco Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,101

Year Built

  • Built in 1901

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Wood Frame Construction
  • Aluminum Siding

Interior Spaces

  • 2,520 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 837

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,101

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Basement Amenities: Unfinished
  • Total Bathrooms: 3.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3th ave
  • Cross Street Name2: 2nd ave
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 2520
  • Building Stories: 3
  • Street Name I D X: 57th
  • Street Number I D X: 229
  • Building Style: Duplex - Up/Down
  • Year Built: 1901
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Laminate
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Wood Frame
  • Exterior: Aluminum Siding, Brick
  • Foundation Details: Block
  • Lot Number: 67
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: r6

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2023
Closed on
Sep 22, 2023
Sold by
Fe De Leon Gloria C and Roy Fe De Leon Deceased
Bought by
Cheng Leung and Lin Yan
Seller's Agent
Xiao Xia Lu
JM Properties of Brooklyn
Buyer's Agent
Leeya Qiu
Robert Defalco Realty Inc
List Price
$1,299,900
Sold Price
$980,000
Premium/Discount to List
-$319,900
-24.61%
Views
11
Current Estimated Value
$1,110,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,289
Avg. Annual Appreciation
6.68%
Original Mortgage
$588,000
Outstanding Balance
$576,911
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$533,378

Purchase Details

Closed on
Jan 6, 1997
Sold by
Elderts Management Corp
Bought by
Fedeleon Roy and Fedeleon Gloria C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,650
Interest Rate
7.6%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 27, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Elderts Management Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,650
Interest Rate
7.6%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Cheng Leung $980,000 --
Fedeleon Roy $143,000 Commonwealth Land Title Ins
Elderts Management Corp $83,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Leung $588,000
Previous Owner Fe De Leon Gloria C $500,000
Previous Owner Fe De Leon Gloria C $143,500
Previous Owner Leon Gloria Fe De $164,000
Previous Owner Fedeleon Roy $144,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $980,000 -18.3% $389 / Sq Ft
03/24/2023 03/24/23 Price Changed $1,199,900 -4.0% $476 / Sq Ft
01/14/2023 01/14/23 Price Changed $1,249,900 -3.8% $496 / Sq Ft
01/03/2023 01/03/23 For Sale $1,299,900 -- $516 / Sq Ft
01/03/2023 01/03/23 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 $3,101 $80,340 $16,380 $63,960
2024 $3,101 $63,480 $16,380 $47,100
2023 $2,676 $65,700 $16,380 $49,320
2022 $2,459 $53,760 $16,380 $37,380
2021 $2,448 $48,900 $16,380 $32,520
2020 $1,836 $59,280 $16,380 $42,900
2019 $2,399 $52,500 $16,380 $36,120
2018 $2,179 $12,148 $3,773 $8,375
2017 $2,037 $11,462 $3,383 $8,079
2016 $1,862 $10,866 $4,330 $6,536
2015 $1,084 $10,846 $4,401 $6,445
2014 $1,084 $10,723 $3,743 $6,980
Source: Public Records

Agents Affiliated with this Home

  • X

    Seller's Agent in 2023

    Xiao Xia Lu

    JM Properties of Brooklyn

    (718) 801-7911

    1 in this area

    1 Total Sale

    Xiao Xia Lu
    Section Image

  • L

    Buyer's Agent in 2023

    Leeya Qiu

    Robert Defalco Realty Inc

    (347) 220-9981

    2 in this area

    119 Total Sales

    Leeya Qiu
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 470820

Brooklyn Board of REALTORS®

APN: 00837-0067

New York Kings County Brooklyn 11220 Sunset Park

229 57th St, Brooklyn, NY

This home is located at 229 57th St, Brooklyn, NY 11220 since 03 January 2023 and is currently estimated at $1,110,289, approximately $440 per square foot. This property was built in 1901. 229 57th St is a home located in Kings County with nearby schools including P.S. 503: The School of Discovery, IS 220 John J. Pershing, and Fort Hamilton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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