NOT LISTED FOR SALE

Estimated Value: $532,000 - $684,000

-- Bed
-- Bath
3,600 Sq Ft
$164/Sq Ft Est. Value

Last Sold August 30, 2023

Last sale price $1,600,000 $444 Per Sq Ft

Current estimated payment $3,485/month

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Back Yard

About This Home

As of August 2023

**PACKAGE DEAL** 245 & 247 86th Street - Mixed Use Commercial Investment Opportunity Fully rented in Prime Bay Ridge Brooklyn, 2 Commercial Units + 2 Residential + Parking. - Package Deal - Combined Lot: 45 x 125 Combined Building: 40 x 60 Zoning: R3-2 Income & Expense Report Available Upon Request Income & Expense Report Available Upon Request

Last Agent to Sell the Property

Charles Fabbella

Ben Bay Realty Co of Bay Ridge Listed on: 02/07/2023

Last Buyer's Agent

Charles Fabbella

Ben Bay Realty Co of Bay Ridge Listed on: 02/07/2023

Property Details

Property Type

  • Other

Year Built

  • Built in 1910

Lot Details

  • 2,503 Sq Ft Lot
  • Lot Dimensions are 125 x 20
  • Back Yard
  • Property is zoned R3-2

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,600 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Shared Driveway

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6033

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $306,570
  • Net Operating Income $220,767

Property Details

Property Type

Other

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd Avenue
  • Cross Street Name2: Ridge Blvd
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 4 Spaces
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3600
  • Building Stories: 3
  • Street Name I D X: 86th
  • Year Built: 1910
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 2503

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 64
  • Roof: Flat

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 125
  • Lot Size Width: 20
  • Zoning: R3-2

Multi Family

  • Annual Gross Expense: 85803.00
  • Annual Gross Income: 306570
  • Property Net Operating Income: 220767.00
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2012
Sold by
Fannie Mae
Bought by
Gabriel-Stewart Estherene and Stewart Garreth
Current Estimated Value
$589,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Outstanding Balance
$160,265
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$429,059

Purchase Details

Closed on
Jul 27, 2012
Sold by
Johnson Tonya
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Outstanding Balance
$160,265
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$429,059

Purchase Details

Closed on
Apr 12, 2007
Sold by
Charles Rene
Bought by
Johnson Tonya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,400
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gabriel-Stewart Estherene $212,839 --
Federal National Mortgage Association $350,871 --
Johnson Tonya $371,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gabriel-Stewart Estherene $232,000
Previous Owner Johnson Tonya $352,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2023 08/30/23 Sold $1,600,000 -54.1% $444 / Sq Ft
03/25/2023 03/25/23 Price Changed $3,489,000 -0.3% $969 / Sq Ft
03/13/2023 03/13/23 Price Changed $3,500,000 -1.4% $972 / Sq Ft
03/06/2023 03/06/23 Price Changed $3,549,000 -0.8% $986 / Sq Ft
03/01/2023 03/01/23 Price Changed $3,578,000 -0.3% $994 / Sq Ft
02/22/2023 02/22/23 Price Changed $3,588,000 -0.3% $997 / Sq Ft
02/15/2023 02/15/23 Price Changed $3,599,000 -1.4% $1,000 / Sq Ft
02/07/2023 02/07/23 For Sale $3,649,000 -- $1,014 / Sq Ft
02/07/2023 02/07/23 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 $4,777 $36,300 $11,040 $25,260
2024 $4,777 $34,200 $11,040 $23,160
2023 $4,541 $35,880 $11,040 $24,840
2022 $4,456 $32,580 $11,040 $21,540
2021 $4,667 $28,980 $11,040 $17,940
2020 $2,179 $24,240 $11,040 $13,200
2019 $4,098 $23,460 $11,040 $12,420
2018 $3,739 $19,800 $10,747 $9,053
2017 $3,737 $19,800 $10,811 $8,989
2016 $3,619 $19,651 $10,480 $9,171
2015 $2,510 $18,539 $11,189 $7,350
2014 $2,510 $17,490 $11,584 $5,906
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 471713

Brooklyn Board of REALTORS®

APN: 07911-0018