NOT LISTED FOR SALE

Estimated Value: $1,217,443 - $1,631,000

5 Beds
3 Baths
2,892 Sq Ft
$495/Sq Ft Est. Value

Last Sold February 07, 2023

Last sale price $1,400,000 $484 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,341/month

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Heating System Uses Steam
  • Ps 206 Joseph F Lamb Rated A-
  • Baseboard Heating
  • 3-minute walk to Bill Brown Memorial Playground

About This Home

As of February 2023

Semi-detached Two-Family Brick House Located in Sheepshead bay. Two Stories with a full and finished basement. Features 5 bedrooms and 3 bathrooms. Approx 2,892 sqft. The first floor features 2 bedrooms, 1 Baths, Living Room, Dining Room, and Kitchen. Second floor features 3 bedrooms, 1 Bath, Living Room, Dining Room, and Kitchen. Each floor has a separate AC split-air system. Each floor has a separate water heating. Separate entrance to the basement. Close to Shopping and Transportation.

Last Agent to Sell the Property

Kelly Wu

RE/MAX Edge License #10401268467 Listed on: 02/05/2023

RE/MAX Edge

Last Buyer's Agent

Kelly Wu

RE/MAX Edge License #10401268467 Listed on: 02/05/2023

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,575

Lot Details

  • 2,400 Sq Ft Lot
  • Lot Dimensions are 100 x 24
  • Back Yard

Home Design

  • 2,892 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Rubber Roof

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Shared Driveway

Utilities

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

Listing and Financial Details

  • Tax Block 7405

Community Details

Overview

  • 2 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,575

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full, Separate Entrance
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1000
  • Building Length: 50.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue W
  • Cross Street Name2: Avenue X
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Baseboard, Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
  • Fill Sq Ft Total: 2892
  • Street Name I D X: 24th
  • Street Number I D X: 2368
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2400

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 328
  • Roof: Flat, Rubber

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 24

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2024
Sold by
Kwan Lap and Kwan Wing Fun Wong
Bought by
Kwan Family Irrevocable Trust Utd 2-7-20 and Michael Kwan
Current Estimated Value
$1,431,361

Purchase Details

Listed on
Feb 5, 2023
Closed on
Jan 24, 2023
Sold by
Shvets Marina and Shvets Steve
Bought by
Kwan Lap and Kwan Michael
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Kelly Wu
RE/MAX Edge
List Price
$1,400,000
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.27%
Original Mortgage
$499,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2004
Sold by
Cacciuttolo Rose Anne
Bought by
Bacarella Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage
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
Kwan Family Irrevocable Trust Utd 2-7-20 -- --
Kwan Family Irrevocable Trust Utd 2-7-20 -- --
Kwan Lap $1,400,000 --
Kwan Lap $1,400,000 --
Bacarella Peter $425,000 --
Bacarella Peter $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kwan Lap $499,000
Previous Owner Shvets Marina $650,000
Previous Owner Shvets Marina $307,662
Previous Owner Shvets Marina $9,728
Previous Owner Bacarella Peter $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2023 02/07/23 Sold $1,400,000 0.0% $484 / Sq Ft
02/05/2023 02/05/23 Pending -- -- --
02/05/2023 02/05/23 For Sale $1,400,000 -- $484 / Sq Ft
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 $8,575 $73,560 $10,920 $62,640
2024 $8,575 $67,380 $10,920 $56,460
2023 $8,147 $77,040 $10,920 $66,120
2022 $7,867 $73,020 $10,920 $62,100
2021 $8,300 $74,940 $10,920 $64,020
2020 $3,919 $66,480 $10,920 $55,560
2019 $7,652 $66,480 $10,920 $55,560
2018 $7,006 $35,830 $7,402 $28,428
2017 $6,639 $34,038 $6,576 $27,462
2016 $6,495 $34,038 $8,498 $25,540
2015 $3,653 $32,400 $12,120 $20,280
2014 $3,653 $31,648 $11,839 $19,809
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 471441

Brooklyn Board of REALTORS®

APN: 07405-0328