NOT LISTED FOR SALE

Estimated Value: $1,555,000 - $1,739,000

5 Beds
3 Baths
3,462 Sq Ft
$476/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $1,325,000 $383 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,569/month

23 Days on Market

About This Home

As of September 2020

248 87th Street and Parking Bayridge Beauty and Parking! This 20 foot wide two family barrel front blonde brick home with rental income and parking will make your heart sing. This prewar stunning home features turn of century details including original inlaid parquet floors, oversized sunny windows and gracious proportions. Creature comforts include a country kitchen, 2 lovely full bathrooms, designer lighting and parking for 2 cars! The parlor level of this sweetheart has a sweeping open floorplan, wonderful for entertaining, cozy den, formal dining, full bath and an wonderful cooks kitchen complete with breakfast bar and great room too! The sweet garden off the great room is perfect for al fresco dining and star gazing. One floor up find 4 plus large bedrooms with a master suite and dressing room fit for a queen. The master has a lovely coffered ceiling and lovely bay window. The new full bath has a stall shower and soaking tub with lovely tile and spa finishes. The garden level is a wonderful renovated one bedroom income producing apartment. Bay Ridge offers easy access to excellent private and public schools, some of Brooklyn's finest restaurants, beautiful parks, and public transportation via subway, express bus, or ferry service to downtown Brooklyn and Manhattan.

Last Agent to Sell the Property

Jessica Buchman

Corcoran Group License #10301200330 Listed on: 06/28/2020

Corcoran Group

Co-Listed By

Bryan Rettaliata

Corcoran Group License #10401235373

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 100.0 x 25.0

Community Details

  • 2 Units
  • Bay Ridge Subdivision

Listing and Financial Details

  • Tax Block 6048

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Ridge Blvd & 3rd Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Beds/Baths

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

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 25.0

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 6048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2020
Closed on
Sep 4, 2020
Sold by
Michele M Graf As Trustee
Bought by
Gizersky Alexander and Gizersky Sofya
Seller's Agent
Jessica Buchman
Corcoran Group
List Price
$1,325,000
Sold Price
$1,325,000
Current Estimated Value
$1,649,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,308
Avg. Annual Appreciation
4.20%
Original Mortgage
$870,000
Outstanding Balance
$770,312
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$878,996

Purchase Details

Closed on
Sep 5, 2008
Sold by
Barbara Michele
Bought by
Michele M Graf Trustee and The Michele M Graf Trust U/T/A Dated Ap

Purchase Details

Closed on
Nov 1, 2000
Sold by
Shields Roderick A
Bought by
Barbara Paul C and Barbara Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.76%
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
Gizersky Alexander $1,450,000 --
Michele M Graf Trustee $894,000 --
Barbara Paul C $360,000 Regal Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gizersky Alexander $870,000
Previous Owner Barbara Paul C $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2020 09/04/20 Sold $1,325,000 0.0% $383 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
06/21/2020 06/21/20 For Sale $1,325,000 -- $383 / 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 $11,140 $107,580 $17,580 $90,000
2024 $11,140 $101,340 $17,580 $83,760
2023 $10,653 $123,000 $17,580 $105,420
2022 $9,956 $127,380 $17,580 $109,800
2021 $9,953 $98,340 $17,580 $80,760
2020 $4,948 $109,020 $17,580 $91,440
2019 $9,669 $109,020 $17,580 $91,440
2018 $8,911 $43,712 $9,051 $34,661
2017 $8,472 $41,560 $8,673 $32,887
2016 $7,879 $39,412 $9,972 $29,440
2015 $4,509 $39,412 $13,232 $26,180
2014 $4,509 $38,517 $14,220 $24,297
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10642381

Real Estate Board of New York (REBNY)

APN: 06048-0021