NOT LISTED FOR SALE

Estimated Value: $1,177,147

5 Beds
3 Baths
2,000 Sq Ft
$589/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $1,000,000 $500 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,113/month

21 Days on Market

About This Home

As of December 2021

Introducing a great opportunity to own this attached legal three-family brick home in the heart of Sheepshead Bay. The entire structure has been renovated, including a brand new roof, boiler, electric/gas meters, new wood flooring, bathrooms and kitchen! All renovations for the apartments are the same, equipped with a Ceaser stone counter, stainless steel oven and dark wood cabinetry. The building is 20 63, sitting on a lot size of 20 100 and is currently vacant.

On the first floor you have a large two bedroom with a living and dinning room and a massive private outdoor space. The second floor has two units, a one bedroom facing the street and a two bedroom facing the back of the building. There is a full sized, unfinished basement that allows you to bring our contractor and make it your own!

Conveniently located by the Q train on Avenue U and the public transit busses.

Last Agent to Sell the Property

Justin Neissani

Corcoran Group License #10401273216 Listed on: 07/27/2021

Corcoran Group

Co-Listed By

Andrew Feldman

Corcoran Group License #30FE1078523

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,391

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • Homecrest Subdivision

Listing and Financial Details

  • Legal Lot and Block 51 / 7343

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,391

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: Avenue U/Avenue V
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Homecrest
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 2000.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 2
  • Year Built: 1930

Tax Info

  • Tax Block: 7343
  • Tax Lot: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Dec 1, 2021
Sold by
May Wong Revocable Trust and Telly Wong As Trustee
Bought by
Xiao Lan Xiang
Seller's Agent
Justin Neissani
Corcoran Group
List Price
$1,000,000
Sold Price
$1,000,000
Current Estimated Value
$1,177,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,147
Avg. Annual Appreciation
2.99%
Original Mortgage
$650,000
Outstanding Balance
$599,056
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$517,147

Purchase Details

Closed on
Jun 16, 2004
Sold by
Wong May
Bought by
May Wong Trustee Under May Wong Revocab
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
Xiao Lan Xiang $1,000,000 --
Xiao Lan Xiang $1,000,000 --
May Wong Trustee Under May Wong Revocab -- --
Wong May -- --
May Wong Trustee Under May Wong Revocab -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xiao Lan Xiang $650,000
Closed Xiao Lan Xiang $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2021 12/01/21 Sold $1,000,000 0.0% $500 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $1,000,000 -- $500 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $8,391 $68,640 $16,500 $52,140
2024 $8,391 $58,680 $16,500 $42,180
2023 $8,004 $51,840 $16,500 $35,340
2022 $7,669 $40,680 $16,500 $24,180
2021 $7,637 $37,860 $16,500 $21,360
2020 $3,796 $46,740 $16,500 $30,240
2019 $7,283 $46,740 $16,500 $30,240
2018 $6,695 $32,844 $13,917 $18,927
2017 $6,526 $32,014 $14,552 $17,462
2016 $6,045 $30,240 $16,500 $13,740
2015 $3,643 $30,240 $16,500 $13,740
2014 $3,643 $29,012 $15,830 $13,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10733910

Real Estate Board of New York (REBNY)

APN: 07343-0051