NOT LISTED FOR SALE

Estimated Value: $1,417,574

-- Bed
-- Bath
-- Sq Ft
2,004 Sq Ft Lot

Last Sold May 11, 2021

Last sale price $1,499,000

Est. 5% decrease in value since last sale

Current estimated payment $8,884/month

220 Days on Market

Highlights

  • Pre War Building
  • P.S. 253 The Magnet School of Multicultural Humanities Rated A
  • 3-minute walk to Grady Playground

About This Home

As of May 2021

Outstanding, 5-family mixed-use investment opportunity, just hitting the market in Brighton Beach! Rarely do we see such amazing, solid-brick, 3-story mixed-use investment properties, with the potential for impressive returns both presently and for years to come, reaching the market at such a desirable price. This beautiful brick building sits on a 20 by 100 square foot lot; the entire building has over 4,000 square feet along with the fully-finished basement that also has a full bathroom; the entire building measures 20 by 76 square feet in all; it even has its highly-visible side-wall, which is a popular space for advertising billboards, an additional stream of passive-income! In a word, it's extraordinary! The 1st floor is the busy storefront, fully-exposed in the high traffic location of Neptune Avenue, this is a popular trendy spot, and the perfect caf? location, complete with outdoor seating in a high traffic area, and it comes with a single-room apartment in back! Next level up are 2 units, each 1-bedroom, 1-bathroom units, each of them are so spacious, they could literally be converted into 2-bedroom units, and the 3rd and top-floor basically mirrors the second, with 2 more, huge 1-bedroom, 1-bathroom apartments; the majority of these units are newly renovated! Imagine acquiring an income producing 5-family mixed-use apartment building, right in this highly coveted area of Brighton Beach for under $1.6 million! Imagine no more, and make the call! Just a short walk to the Ocean Parkway stop along the Q and B line, and just seconds from the World-Famous Coney Island Beach and Boardwalk, home to the original Nathan's Hot Dogs and the NY Aquarium. Perfect investment property in a premier location! Make the call today!

Last Agent to Sell the Property

Gavriel Ilyabayev

Douglas Elliman Real Estate License #10301217187 Listed on: 07/14/2020

Douglas Elliman Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,916

Lot Details

  • 2,004

Home Design

  • Pre War Building

Interior Spaces

  • 3-Story Property

Community Details

  • Brighton Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 7262

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,916

Lot Details

0

Listing Details

  • Cross Street: Brighton 5th Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: BRIGHTON
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Garage/Parking

  • Garage: No

Building Info

  • Total Stories: 3

Tax Info

  • Tax Block: 7262
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2020
Closed on
May 11, 2021
Sold by
Yuger Mikhail and Yuger Rosalya
Bought by
265 Neptune Llc
Seller's Agent
Gavriel Ilyabayev
Douglas Elliman Real Estate
Sold Price
$1,499,000
Current Estimated Value
$1,417,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,426
Avg. Annual Appreciation
-1.29%
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
265 Neptune Llc $1,300,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2021 05/11/21 Sold $1,499,000 0.0% --
01/10/2021 01/10/21 Off Market $1,499,000 -- --
12/31/2020 12/31/20 For Sale -- -- --
11/22/2020 11/22/20 Off Market $1,499,000 -- --
10/27/2020 10/27/20 For Sale -- -- --
10/12/2020 10/12/20 Off Market $1,499,000 -- --
07/20/2020 07/20/20 For Sale $1,599,000 -- --
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 $13,916 $302,850 $9,900 $292,950
2024 $13,916 $252,360 $9,900 $242,460
2023 $12,646 $315,450 $9,900 $305,550
2022 $11,684 $319,950 $9,900 $310,050
2021 $10,853 $295,200 $9,900 $285,300
2020 $5,335 $323,550 $9,900 $313,650
2019 $10,799 $326,250 $9,900 $316,350
2018 $10,086 $79,298 $1,938 $77,360
2017 $9,343 $73,460 $2,056 $71,404
2016 $8,774 $68,056 $2,380 $65,676
2015 $5,693 $68,056 $2,857 $65,199
2014 $5,693 $65,865 $2,765 $63,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10649370

Real Estate Board of New York (REBNY)

APN: 07262-0001