NOT LISTED FOR SALE

242 7th St Brooklyn, NY 11215

Gowanus Neighborhood

Estimated Value: $1,648,000 - $2,265,000

4 Beds
2.5 Baths
1,575 Sq Ft
$1,229/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $1,400,000 $889 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $10,372/month

Highlights

  • Wood Flooring
  • 2-minute walk to 4 Avenue-9 Street (D,M,N,R Line)
  • Back and Front Yard
  • P.S. 124 Silas B Dutcher Rated A-
  • Heating System Uses Steam
  • 4-minute walk to Washington Park Dog Run

About This Home

As of February 2023

Just Price Improved! Welcome to 7th Street. in The Much Desired area of " Park Slope". Offering... This Great and Rare Opportunity to Turn this Blank Canvas into Your Masterpiece Home.
Positioned on a Quiet Tree Lined Block, Just Steps Away from 4th Avenue. This Park Slope Home, Provides Convenient Access to the Ninth Street Station, and Endless Amenities, With Elegant Restaurants along 5th Avenue.
Make Your Dreams Come True , This Federal Style Red Brick Legal 2 Family offers 1,575 sq. of Living and *1,542 Sq. Ft. of Unused Far.
Built in 1881. Do Not Miss this Opportunity. House will Be Delivered Vacant. Come and Call it Yours. Ready to be Sold!
All Information is deemed accurate, Subject to Errors and Omissions. Buyers to do Your Diligence. Being Sold As Is.

Last Agent to Sell the Property

Barbara Horan

RE/MAX Edge Listed on: 10/28/2022

RE/MAX Edge

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $850

Year Built

  • Built in 1881

Lot Details

  • 1,558 Sq Ft Lot
  • Lot Dimensions are 100 x 16
  • Irregular Lot
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,575 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Stove
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Community Details

  • 2 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Block 997

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$850

Year Built

Built in 1881

Lot Details

0

Listing Details

  • Basement Amenities: Sub-cellar, Unfinished
  • Total Bathrooms: 2.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Borough: Brooklyn
  • Building Length: 35.00
  • Building Width: 16.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd Avenue
  • Cross Street Name2: 4th Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Stove
  • Rooms Total Level3: 4
  • Fill Sq Ft Total: 1575
  • Building Stories: 2
  • Street Name I D X: 7th
  • Building Style: Duplex - Reversed
  • Waterfront Present: No
  • Year Built: 1881
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Hardwood, Other
  • Lot Sq Ft: 1558

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick - Federal
  • Foundation Details: Other
  • Lot Number: 36
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 100
  • Lot Size Width: 16
  • Zoning: R6B

Tax Info

  • Flip Tax Amount: 850.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2022
Closed on
Feb 28, 2023
Sold by
Zoey Properties Llc
Bought by
Cowles Silintira and Geissbuhler Christopher Luke
Seller's Agent
Barbara Horan
RE/MAX Edge
Buyer's Agent
NON MEMBER
List Price
$1,799,000
Sold Price
$1,400,000
Premium/Discount to List
-$399,000
-22.18%
Current Estimated Value
$1,936,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$536,337
Avg. Annual Appreciation
11.79%
Original Mortgage
$828,701
Outstanding Balance
$802,684
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,133,653

Purchase Details

Closed on
Oct 26, 2022
Sold by
Cipriano Pauline
Bought by
Zoey Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cowles Silintira $1,400,000 --
Zoey Properties Llc $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cowles Silintira $828,701
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $1,400,000 -6.6% $889 / Sq Ft
11/22/2022 11/22/22 Price Changed $1,499,000 +0.6% $952 / Sq Ft
11/21/2022 11/21/22 Price Changed $1,490,000 -17.2% $946 / Sq Ft
10/28/2022 10/28/22 For Sale $1,799,000 -- $1,142 / Sq Ft
10/28/2022 10/28/22 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 $3,799 $114,060 $23,160 $90,900
2024 $3,799 $105,240 $23,160 $82,080
2023 $3,842 $122,880 $23,160 $99,720
2022 $850 $111,600 $23,160 $88,440
2021 $914 $118,380 $23,160 $95,220
2019 $742 $127,380 $23,160 $104,220
2018 $707 $15,763 $2,826 $12,937
2017 $846 $15,614 $3,346 $12,268
2016 $758 $14,740 $3,506 $11,234
2015 $401 $13,906 $4,963 $8,943
2014 $401 $13,136 $5,624 $7,512
Source: Public Records

Agents Affiliated with this Home

  • Barbara Horan

    Seller's Agent in 2023

    Barbara Horan

    RE/MAX

    (917) 922-2931

    1 in this area

    60 Total Sales

    Barbara Horan
    Section Image

  • N

    Buyer's Agent in 2023

    NON MEMBER

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 468714

Brooklyn Board of REALTORS®

APN: 00997-0036

New York Kings County Brooklyn 11215 Gowanus

242 7th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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