NOT LISTED FOR SALE

Estimated Value: $987,000 - $1,222,000

7 Beds
2 Baths
1,980 Sq Ft
$551/Sq Ft Est. Value

Last Sold February 03, 2021

Last sale price $995,000 $503 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,481/month

116 Days on Market

Highlights

  • Community Garden
  • 5-minute walk to Chauncey Street
  • 4-minute walk to Thomas Boyland Park
  • Garden
  • Laundry Facilities

About This Home

As of February 2021

Are you looking for a turnkey opportunity to have more space, both indoor and outdoor? Perhaps the opportunity to live in a home, while generating income to offset your mortgage. Or maybe a suitable option for multi-generational living or cooperatively shared ownership.

260 MacDougal Avenue is a legal 2 Family townhouse, in the heart of Ocean Hill, bordering Bedford Stuyvesant and Bushwick. Built in 1899, and subsequently gut renovated, the property has 1,980 sq. ft. of living space, not including the finished basement. The building is 18 × 55 with 2 stories on a 100' lot. For those interested in further expanding the property by adding another floor or extending the rear of the building, an additional FAR allows 2,394 sq. ft. that can be added, “as of right”.

This sun-drenched Ocean Hill home was gut renovated five years ago with a barrel-shaped brick façade and a fenced-in backyard. The house comes equipped with hardwood floors throughout, 12' ceilings, open California style kitchens featuring stainless steel appliances, quartz countertops, and tiled backsplash, exposed brick, skylights, and fully renovated bathrooms and updated HVAC systems. A huge garden awaits your personal touch.

Perfectly divided into two separate units – a spacious three-bedroom, one-bath floor-through garden apartment, intricately tiled bathroom, a finished basement usable as recreational space complete with a wet bar, (easy to duplex with garden apartment), windowed laundry room with washer/dryer and equally sizable four-bedroom upper apartment featuring three skylights, and similar modernized features. The property will be delivered vacant upon closing. Taxes are $4,019/ yr.

Located on a tree-lined residential block, a 20-minute drive to Downtown Brooklyn, a 35-minute train ride to Manhattan, and a 25 minutes' drive to JFK airport. The house is close to Marion Hopkinson Playground and is a short walk to Thomas Boyland and Saratoga Parks. Other neighborhood highlights within walking distance include Daily Press Coffee, Pita Point, Salud Bar & Grill, Tandori Masala, Simmer Down, MacDonough Café, and Lady Moo Moo Ice Cream.

The property is 3 blocks from the Rockaway Avenue C train and is 5 blocks from Broadway Junction station (A, C, L, J, and Z train).

Video, 3D virtual tour, and private showings available upon request.

Last Agent to Sell the Property

Terry Baum

Daniel Gale of Brooklyn LLC License #10301220497 Listed on: 06/26/2020

Daniel Gale of Brooklyn LLC

Co-Listed By

Steve Sallion

Sothebys International Realty License #10301208698

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,318

Year Built

  • Built in 1899

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 18.0 x 100.0
  • Garden

Interior Spaces

  • 1,980 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

Overview

  • 2 Units
  • Ocean Hill Subdivision

Amenities

  • Community Garden
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,318

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Exposures: North,South
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Ocean Hill
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 1980.0
  • Living Area Units: Square Feet
  • Rooms (Total): 11

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 7

Exterior Features

  • Exterior Features: Building Garden, Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area

Lot Info

  • Lot Size Area: 1800.0
  • Lot Size Dimensions: 18.0 x 100.0

Building Info

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

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Feb 3, 2021
Sold by
Ritholz Susan
Bought by
Eggleston James and Scull Patricia
Seller's Agent
Terry Baum
Daniel Gale of Brooklyn LLC
List Price
$1,030,000
Sold Price
$995,000
Premium/Discount to List
-$35,000
-3.4%
Current Estimated Value
$1,118,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,004
Avg. Annual Appreciation
2.85%
Original Mortgage
$58,753
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2015
Sold by
Elul Group Llc
Bought by
Ritholz Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$814,788
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2014
Sold by
Cochran Claudia and Cochran Isaac
Bought by
Elul Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
4.27%

Purchase Details

Closed on
Nov 5, 2005
Sold by
Cochran Claudia and Cochran Isaac
Bought by
Cochran Claudia and Cochran Isaac

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,602
Interest Rate
6.07%

Purchase Details

Closed on
Jul 30, 2002
Sold by
Mullings Yvonne
Bought by
Twana Claudia Cochran and Cochran Harris Isacc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,850
Interest Rate
6.39%

Purchase Details

Closed on
Mar 2, 1997
Sold by
Citibank Na
Bought by
Mullings Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
8.08%
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
Eggleston James $995,000 --
Eggleston James $995,000 --
Ritholz Susan $835,000 --
Ritholz Susan $835,000 --
Elul Group Llc $470,000 --
Elul Group Llc $470,000 --
Cochran Claudia -- --
Cochran Claudia -- --
Twana Claudia Cochran -- --
Twana Claudia Cochran -- --
Mullings Yvonne $90,000 Titleserv
Mullings Yvonne $90,000 Titleserv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eggleston James $58,753
Previous Owner Ritholz Susan $814,788
Previous Owner Elul Group Llc $27,000
Previous Owner Elul Group Llc $423,000
Previous Owner Cochran Claudia $29,611
Previous Owner Cochran Claudia $413,250
Previous Owner Cochran Claudia $340,602
Previous Owner Twana Claudia Cochran $293,850
Previous Owner Mullings Yvonne $81,000
Closed Cochran Claudia $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2023 03/21/23 Off Market $995,000 -- --
02/03/2021 02/03/21 Sold $995,000 -3.4% $503 / Sq Ft
06/14/2020 06/14/20 For Sale $1,030,000 -- $520 / 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 $4,318 $52,560 $17,820 $34,740
2024 $4,318 $61,860 $17,820 $44,040
2023 $4,322 $63,300 $17,820 $45,480
2022 $4,012 $57,720 $17,820 $39,900
2021 $3,996 $53,460 $17,820 $35,640
2020 $1,986 $64,800 $17,820 $46,980
2019 $3,747 $51,540 $17,820 $33,720
2018 $3,615 $17,733 $6,526 $11,207
2017 $3,414 $16,748 $6,668 $10,080
2016 $3,163 $15,823 $7,275 $8,548
2015 $1,686 $15,823 $9,213 $6,610
2014 $1,686 $14,929 $9,481 $5,448
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10815615

Real Estate Board of New York (REBNY)

APN: 01534-0018