NOT LISTED FOR SALE

246 88th St Brooklyn, NY 11209

Fort Hamilton Neighborhood

Estimated Value: $1,216,000 - $1,350,876

5 Beds
2 Baths
2,264 Sq Ft
$571/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $1,170,000 $517 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,233/month

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back and Front Yard
  • P.S. 185 Walter Kassenbrock Rated A

About This Home

As of May 2022

Location, location, location! Don't miss this opportunity to own a 2-family brick home in prime Bay Ridge! The first thing you'll notice upon entering is the impressive 66' length of this home. The basement runs the full length and has front & back entrances. The kitchen offers entry to a sweet yard, perfect for entertaining. The sunny second floor boasts beautiful parquet floors! This solid home does require updating. Property to be delivered vacant. *Second floor shown only on second showing.

Last Agent to Sell the Property

Mary-Jo Tobin

Listed on: 03/07/2022

Last Buyer's Agent

Mary-Jo Tobin

Listed on: 03/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,547

Year Built

  • Built in 1905

Lot Details

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

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,264 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 6061

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,547

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Beds Total Level1: 2
  • Beds Total Level2: 3
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1320
  • Building Length: 66.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ridge Blvd
  • Cross Street Name2: 3rd Av
  • 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: Dishwasher, Dryer, Refrigerator, Washer
  • Rooms Total Level1: 5
  • Rooms Total Level2: 6
  • Fill Sq Ft Total: 2264
  • Building Stories: 2
  • Street Name I D X: 88th
  • Street Number I D X: 246
  • Building Style: Duplex
  • Year Built: 1905
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Carpeting, Hardwood
  • Lot Sq Ft: 2000
  • Total Rooms: 11

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 28
  • Roof: Flat

Utilities

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

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R3-2

Tax Info

  • Flip Tax Amount: 8547.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2022
Closed on
May 24, 2022
Sold by
Robert Kern As Successor Trustee Of and The Kern 2011 Family Trust
Bought by
Chan Yung and Kwok Miao Lan
Seller's Agent
Mary-Jo Tobin
Buyer's Agent
Mary-Jo Tobin
Sold Price
$1,170,000
Current Estimated Value
$1,340,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,828
Avg. Annual Appreciation
4.03%
Original Mortgage
$700,000
Outstanding Balance
$666,994
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$661,771

Purchase Details

Closed on
Sep 15, 2011
Sold by
Kern Flora Joan
Bought by
Kern 2011 Family Trust and Kern As Trustee Flora Joan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chan Yung $1,170,000 --
Kern 2011 Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Yung $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $1,170,000 -- $517 / Sq Ft
03/07/2022 03/07/22 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 $10,708 $80,220 $16,080 $64,140
2024 $10,708 $82,680 $16,080 $66,600
2023 $10,216 $93,480 $16,080 $77,400
2022 $9,240 $87,600 $16,080 $71,520
2021 $8,547 $75,480 $16,080 $59,400
2020 $8,650 $84,360 $16,080 $68,280
2019 $8,399 $84,360 $16,080 $68,280
2018 $7,661 $41,920 $9,481 $32,439
2017 $7,455 $39,770 $9,017 $30,753
2016 $6,861 $37,621 $10,351 $27,270
2015 $3,881 $37,621 $12,055 $25,566
2014 $3,881 $37,024 $11,775 $25,249
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mary-Jo Tobin

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 459607

Brooklyn Board of REALTORS®

APN: 06061-0028

New York Kings County Brooklyn 11209 Fort Hamilton

246 88th St, Brooklyn, NY

This home is located at 246 88th St, Brooklyn, NY 11209 since 07 March 2022 and is currently estimated at $1,292,469, approximately $570 per square foot. This property was built in 1905. 246 88th St is a home located in Kings County with nearby schools including P.S. 185 Walter Kassenbrock, IS 201 Madeleine Brennan Intermediate School, 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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