NOT LISTED FOR SALE

Estimated Value: $831,666 - $1,189,000

5 Beds
3 Baths
1,472 Sq Ft
$666/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $820,000 $557 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,648/month

21 Days on Market

About This Home

As of October 2021

Introducing 2629 East 22nd Street, a charming mid 20th century brick two family home located on a leafy block in Sheepshead Bay. The current layout of this 1,472 ft property features two spacious and bright bedrooms on the top level unit, separate eat-in kitchen, formal living area with enough space for your furniture, along with a full windowed bath. The ground level unit features an identical layout, however, it has direct access to the backyard, which is perfect for enjoying the outdoors or entertaining. Additional features include a carport for parking, terrace, front garden, fully finished basement, which can be utilized for additional passive income or for guests, that comes fitted with a kitchen along with a third full bath, plenty of closet and storage space, as well as original hardwood flooring throughout. This property needs some TLC, will be delivered vacant, and 'as-is.' Building dimensions: 32 ft x 23 ft, lot size: 32 ft x 46.42 ft. Only a short jaunt from the B/Q trains at Sheepshead Bay as well as local favorites such as Opera Cafe, Liman, Signature, Sur La Baie, and the additional dining and shopping districts along Emmons Avenue.

Last Agent to Sell the Property

Jerry Minsky

Douglas Elliman Real Estate License #30MI0708058 Listed on: 04/30/2021

Douglas Elliman Real Estate

Co-Listed By

Jason Abrishami

Douglas Elliman Real Estate License #10301216796

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1,394

Home Design

Interior Spaces

  • 1,472 Sq Ft Home
  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 2 Units
  • Sheepshead Bay Subdivision

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Sheepshead Bay
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1472.0
  • Living Area Units: Square Feet

Beds/Baths

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

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Oct 1, 2021
Sold by
Mcfarland Stacy Rose and Mc Farland Thomas
Bought by
Cheng Yunzhi and Yan Hong Tu
Seller's Agent
Jerry Minsky
Douglas Elliman Real Estate
List Price
$972,500
Sold Price
$820,000
Premium/Discount to List
-$152,500
-15.68%
Current Estimated Value
$980,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,667
Avg. Annual Appreciation
4.24%
Original Mortgage
$615,000
Outstanding Balance
$560,823
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$419,844

Purchase Details

Closed on
Apr 6, 2015
Sold by
Mcfarland Thomas
Bought by
Mcfarland Stacy Rose and Mcfarland Thomas
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
Cheng Yunzhi $820,000 --
Mcfarland Stacy Rose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Yunzhi $615,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2021 10/01/21 Sold $820,000 -15.7% $557 / Sq Ft
09/09/2021 09/09/21 For Sale $972,500 -- $661 / 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 $6,855 $62,580 $7,500 $55,080
2024 $6,855 $52,080 $7,500 $44,580
2023 $6,879 $60,900 $7,500 $53,400
2022 $6,379 $60,000 $7,500 $52,500
2021 $6,310 $53,760 $7,500 $46,260
2019 $5,949 $47,820 $7,500 $40,320
2018 $5,754 $28,226 $4,230 $23,996
2017 $5,428 $26,629 $5,113 $21,516
2016 $5,022 $25,122 $5,892 $19,230
2015 $3,347 $23,700 $8,340 $15,360
2014 $3,347 $23,700 $8,340 $15,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10741983

Real Estate Board of New York (REBNY)

APN: 07467-0006