NOT LISTED FOR SALE

Estimated Value: $1,362,000 - $1,965,000

Studio
4.5 Baths
3,790 Sq Ft
$418/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $1,350,000 $356 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $9,233/month

Highlights

  • 3 Car Attached Garage
  • Multiple cooling system units
  • Back Yard
  • Tile Flooring
  • Heating System Uses Steam
  • 5-minute walk to Bill Brown Memorial Playground

About This Home

As of April 2021

Sheepshead Bay, great potential prime location in Brooklyn-Legal three-family Brick house with full finished basement. The 1st floor is spacious with 3 bedrooms, living room, dining room, kitchen, dinette full bath and half bath, gorgeous terrace its occupant by owner. The 2nd floor is a massive 7-room apartment with 4 bedrooms, large living room, formal dining room, dinette, kitchen, 2 full baths & a gorgeous terrace. 2nd floor has tenants and generate income of $3800 per month. Full finished basement has 1bedroom and full bath apartment it’s rented and tenant pays $1050 per month. Parking space in the back , and a big garage with reinforced cement. Close to transportation (Q and BM3), shopping, restaurants, playground, and public school. Great school district #22. ID#19-046. The home is in excellent move-in condition, lots of storage closets and includes new solar system, newer roof. Perfect for investment. Priced for immediate sale! Owner is ready to hear all qualified offers!

Last Agent to Sell the Property

Eric Zhukovsky

Listed on: 09/04/2020

Last Buyer's Agent

Eric Zhukovsky

Listed on: 09/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,830

Year Built

  • Built in 1930

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back Yard

Home Design

  • 3,790 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Flooring

  • Parquet
  • Tile

Parking

  • 3 Car Attached Garage
  • Shared Driveway

Utilities

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

Additional Features

  • Stove
  • Finished Basement

Community Details

  • 3 Units
  • Insurance Expense $3,500

Listing and Financial Details

  • Tax Block 7422

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,830

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 5.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ave X
  • Cross Street Name2: Ave Y
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: 3 Spaces, Attached Garage
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Refrigerator, Stove
  • Fill Sq Ft Total: 3790
  • Street Name I D X: 22
  • Waterfront Present: No
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 4
  • Basement Half Bathrooms: 1
  • Flooring: Parquet, Tile
  • Lot Sq Ft: 2500

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Slab Concrete
  • Lot Number: 214
  • Roof: Flat

Utilities

  • Air Conditioning Units: 4
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: R4

Rental Info

  • Rent Income: 57600
  • Tenant Monthly Rent: 4850.00

Multi Family

  • Insurance Expense: 3500.00
  • Unit Count: 2

Tax Info

  • Flip Tax Amount: 9830.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Apr 30, 2021
Sold by
Zhitnik Igor
Bought by
Yong Yau Ching
Seller's Agent
Eric Zhukovsky
Buyer's Agent
Eric Zhukovsky
Sold Price
$1,350,000
Current Estimated Value
$1,585,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,463
Avg. Annual Appreciation
3.49%
Original Mortgage
$653,550
Outstanding Balance
$590,418
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$995,045

Purchase Details

Closed on
Jul 6, 1999
Sold by
Karapetyan Boris
Bought by
Zhitnik Igor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.83%
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
Yong Yau Ching $1,350,000 --
Zhitnik Igor $392,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yong Yau Ching $653,550
Previous Owner Zhitnik Igor $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $1,350,000 -- $356 / Sq Ft
09/04/2020 09/04/20 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 $11,315 $90,960 $10,860 $80,100
2024 $11,315 $77,640 $10,860 $66,780
2023 $8,104 $94,860 $10,860 $84,000
2022 $7,441 $99,480 $10,860 $88,620
2021 $7,805 $92,700 $10,860 $81,840
2019 $9,820 $76,800 $10,860 $65,940
2018 $9,130 $44,788 $7,086 $37,702
2017 $8,724 $42,798 $7,904 $34,894
2016 $8,404 $42,039 $10,481 $31,558
2015 $4,650 $39,660 $12,060 $27,600
2014 $4,650 $39,121 $11,896 $27,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 443321

Brooklyn Board of REALTORS®

APN: 07422-0214