NOT LISTED FOR SALE

Estimated Value: $923,949 - $1,043,000

4 Beds
2 Baths
1,827 Sq Ft
$537/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $980,000 $536 Per Sq Ft

Current estimated payment $5,678/month

35 Days on Market

Highlights

  • City View
  • 4-minute walk to Neck Road
  • Wood Flooring
  • Ps 206 Joseph F Lamb Rated A-
  • Property is near public transit
  • Window Unit Cooling System

About This Home

As of March 2024

Welcome to this charming two-family brick house located in Sheepshead Bay, spanning one story over a walk-in, offering a perfect blend of comfort and convenience. On the ground floor, discover a living space featuring 2 bedrooms, 1 bathroom, a spacious living room, and an inviting kitchen and dining area. Ascend to the upper level, you'll find another 2-bedroom (easily converted into three bedrooms), 1 bathroom, a cozy living room, and an open kitchen and dining area. Both units enjoy direct access to the backyard, providing a private outdoor sanctuary for relaxation, entertainment, or gardening. Parking is a breeze with a dedicated parking space and an attached garage, offering secure and convenient options for your vehicles. Building size 22*47 over Lot size 22*100. Property tax is around $4,060. Surrounded by business districts nearby for shopping, dining, and various amenities. Nearby access to Q Train, B36, B44 and B49 Bus.

Last Agent to Sell the Property

Kelly Wu

RE/MAX Edge Brokerage Phone: 718-288-3835 License #10401268467 Listed on: 12/05/2023

RE/MAX Edge

Last Buyer's Agent

Kelly Wu

RE/MAX Edge Brokerage Phone: 718-288-3835 License #10401268467 Listed on: 12/05/2023

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,063

Year Built

  • Built in 1940

Lot Details

  • 2,200 Sq Ft Lot
  • Lot Dimensions are 22x100
  • Two or More Common Walls

Parking

  • Private Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,827 Sq Ft Home
  • Wood Flooring
  • City Views
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 245 Elementary School
  • JHS 14 Shell Bank Middle School
  • Professional Pathways High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 31 / 7401
  • Assessor Parcel Number 07401-0031

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,063

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Year Built: 1940
  • New Construction: No
  • Attribution Contact: 718-288-3835
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: Finished
  • Inclusions: A/C Units,Refrigerator
  • Total Bedrooms: 4
  • Living Area: 1827
  • SquareFootage: 1827.00
  • SquareFootageSource: Floor Plan
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick
  • View: City
  • View YN: Yes
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Other

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water, Steam
  • Sewer: Other
  • Water Source: See Remarks
  • Hot Water: Gas Stand Alone

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 14 Shell Bank

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 22x100
  • Lot Size Sq Ft: 2200
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 07401-0031
  • Zoning Description: R4
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-12-06

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 4063
  • Tax Block: 7401
  • Tax Lot: 31
  • Tax Map Number: 07401-0031

MLS Schools

  • Elementary School: Ps 245
  • High School: Professional Pathways High School
  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2023
Closed on
Mar 22, 2024
Sold by
Chui-Wan Ng As Trustee and Kin Ling Yan As Trustee
Bought by
Feng Jinqiao and Lei Yong Wen
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Kelly Wu
RE/MAX Edge
List Price
$989,000
Sold Price
$980,000
Premium/Discount to List
-$9,000
-0.91%
Views
653
Current Estimated Value
$980,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$737
Avg. Annual Appreciation
1.61%
Original Mortgage
$510,000
Outstanding Balance
$503,341
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$498,509

Purchase Details

Closed on
Jul 24, 2012
Sold by
Ng Pui Yui and Ng Yuen Ping
Bought by
Ng Family Irrevocable Trust Utd 0/20 and Ng Trustee Chui-Wan

Purchase Details

Closed on
Jan 26, 2006
Sold by
Ng Kin Ling and Ng Pui Yui
Bought by
Ng Pui Yui and Ng Yuen Ping
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
Feng Jinqiao $980,000 --
Feng Jinqiao $980,000 --
Ng Family Irrevocable Trust Utd 0/20 -- --
Ng Family Irrevocable Trust Utd 0/20 -- --
Ng Pui Yui -- --
Ng Pui Yui -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feng Jinqiao $510,000
Closed Feng Jinqiao $510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $980,000 -0.9% $536 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
12/05/2023 12/05/23 For Sale $989,000 -- $541 / Sq Ft
Source: OneKey® MLS

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 $4,018 $60,060 $11,040 $49,020
2024 $4,018 $47,460 $11,040 $36,420
2023 $4,063 $52,200 $11,040 $41,160
2022 $4,032 $48,900 $11,040 $37,860
2021 $3,261 $43,800 $11,040 $32,760
2020 $3,081 $44,940 $11,040 $33,900
2019 $2,828 $47,640 $11,040 $36,600
2018 $2,739 $33,343 $7,602 $25,741
2017 $2,726 $33,087 $8,351 $24,736
2016 $2,499 $31,216 $8,598 $22,618
2015 -- $29,450 $12,196 $17,254
2014 -- $27,786 $11,507 $16,279
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3519621

OneKey® MLS

APN: 07401-0031