NOT LISTED FOR SALE

255 Bay Ridge Ave Brooklyn, NY 11220

Bay Ridge Neighborhood

Estimated Value: $2,078,737

-- Bed
-- Bath
3,136 Sq Ft
$663/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $1,650,000 $526 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $14,271/month

Highlights

  • Wood Flooring
  • 4-minute walk to Bay Ridge Avenue
  • Back Yard
  • P.S. 102 The Bayview School Rated A
  • Heating System Uses Steam

About This Home

As of March 2018

Prime Bay Ridge. 2 fam / 2 stores full basement. Stores will be delivered vacant apt have 7 and 11 month left on the lease.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $19,041

Year Built

  • Built in 1931

Lot Details

  • 2,753 Sq Ft Lot
  • Lot Dimensions are 86 x 31
  • Back Yard
  • Property is zoned R5B

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Poured Concrete
  • Block Wall
  • Wood Frame Construction
  • Stucco Exterior

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Block 5862

Property Details

Property Type

Other

Est. Annual Taxes

$19,041

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1960
  • Building Length: 70.00
  • Building Width: 28.00
  • Co List Office Mls Id: 112180
  • Co List Office Phone: (718) 377-1500
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Fence - Full, Outside Storage Area
  • Commercial Features Interior: Heated, Window Display
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ridge Blvd
  • Cross Street Name2: 3rd Av
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3136
  • Building Stories: 2
  • Street Name I D X: Bay Ridge
  • Street Number I D X: 255
  • Waterfront Present: No
  • Year Built: 1931
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 2753
  • Walls: Block

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Wood Frame
  • Exterior: Stucco
  • Foundation Details: Poured Concrete
  • Lot Number: 62
  • Roof: Flat

Utilities

  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Dimensions: 2753
  • Lot Size Irregular: No
  • Lot Size Length: 86
  • Lot Size Width: 31
  • Zoning: R5B

Rental Info

  • Tenant Monthly Rent: 2750.00

Tax Info

  • Flip Tax Amount: 19041.00

Multi Family

  • Unit Count: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2017
Closed on
Mar 1, 2018
Sold by
J N L Realty Llc
Bought by
Li Brother Realty Inc
Sold Price
$1,650,000
Current Estimated Value
$2,078,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,737
Avg. Annual Appreciation
3.25%
Original Mortgage
$965,000
Outstanding Balance
$826,048
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,267,977

Purchase Details

Closed on
Mar 9, 2006
Sold by
Or Wai A and Or Wai S
Bought by
J N L Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.37%
Mortgage Type
Commercial
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
Li Brother Realty Inc $1,650,000 --
J N L Realty Llc $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Brother Realty Inc $965,000
Previous Owner J N L Realty Llc $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $1,650,000 -- $526 / Sq Ft
06/12/2017 06/12/17 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 $34,664 $301,500 $80,550 $220,950
2024 $34,664 $333,450 $80,550 $252,900
2023 $34,464 $326,700 $80,550 $246,150
2022 $35,041 $344,250 $80,550 $263,700
2021 $24,880 $232,650 $80,550 $152,100
2020 $14,786 $264,600 $80,550 $184,050
2019 $26,211 $264,600 $80,550 $184,050
2018 $24,044 $288,000 $80,550 $207,450
2017 $21,365 $269,550 $80,550 $189,000
2016 $19,041 $243,450 $80,550 $162,900
2015 $11,005 $180,900 $80,550 $100,350
2014 $11,005 $161,550 $80,550 $81,000
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 411269

Brooklyn Board of REALTORS®

APN: 05862-0062

New York Kings County Brooklyn 11209 Bay Ridge

255 Bay Ridge Ave, Brooklyn, NY

This home is located at 255 Bay Ridge Ave, Brooklyn, NY 11220 since 12 June 2017 and is currently estimated at $2,078,737, approximately $662 per square foot. This property was built in 1931. 255 Bay Ridge Ave is a home located in Kings County with nearby schools including P.S. 102 The Bayview School, Junior High School 259 William McKinley, 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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