NOT LISTED FOR SALE

Estimated Value: $1,470,000 - $1,889,000

5 Beds
3 Baths
2,784 Sq Ft
$605/Sq Ft Est. Value

Last Sold March 17, 2022

Last sale price $1,580,000 $568 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,965/month

153 Days on Market

About This Home

As of March 2022

Options, options and more options.......parking, parking and more parking.

269 73rd street located in the heart of Bay Ridge is perfectly situated on an impressive lot measuring 40 x 93.5 feet and boasts almost 4000 square feet of interior space including a four car garage. Its proportions are deceptively hidden from the street and you are instantly surprised at the homes immense size the moment you enter the front door.

This legal three family -- which is currently used as a two-family with five bedrooms and three bathrooms -- gives you a world of options. Its easily used as a rental property with three separate units and four garaged parking spots -- all generating income. Move right in and rent out any of the other floors and parking spots and have your mortgage paid from that income. Bring your contractor and your architect to create your dream home.

The living spaces in this home are expansive and spacious. Featuring wood-burning fireplaces on each floor, this home has the potential to be a spectacular showpiece. The massive lower level includes eight foot ceilings, its own stunning brick fireplace, and separate entrances. This level can easily be converted into additional living space or a family recreation center with tons of storage.

Come sit and enjoy the shade from the enormous specimen tree on the charming front porch and be the envy of all your friends with a 70 foot long private driveway and a recently renovated four car garage.

This home is conveniently located near 3rd Avenues shops & restaurants -- x and close to the Shore Road Promenade and waterfront parks. Easy access to transportation with the R subway, X27/X37 express buses and NYC commuter ferry to Manhattan and Downtown Brooklyn.

Last Agent to Sell the Property

Michael Tannen

Corcoran Group License #10401287448 Listed on: 06/10/2021

Corcoran Group

Co-Listed By

Kirra Caruso

Corcoran Group License #10301221407

Property Details

Home Type

  • Multi-Family

Parking

  • Garage

Home Design

Interior Spaces

  • 3-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Washer Dryer Allowed

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Building Info

  • Units: 3
  • Total Stories: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Mar 16, 2022
Sold by
Wehner Family Irrevocable Trust and Wichaa
Bought by
Lin Chao F and Lin Yanzhen
Seller's Agent
Michael Tannen
Corcoran Group
List Price
$1,950,000
Sold Price
$1,580,000
Premium/Discount to List
-$370,000
-18.97%
Current Estimated Value
$1,683,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,317
Avg. Annual Appreciation
1.69%
Original Mortgage
$999,000
Outstanding Balance
$929,261
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$754,056

Purchase Details

Closed on
Jan 10, 2020
Sold by
Wehner Barbara F
Bought by
The Wehner Family Irrevocable Trust and Wichaa
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
Lin Chao F $1,580,000 --
The Wehner Family Irrevocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Chao F $999,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2022 03/17/22 Sold $1,580,000 -19.0% $568 / Sq Ft
06/10/2021 06/10/21 For Sale $1,950,000 -- $700 / 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 $13,752 $103,560 $21,540 $82,020
2024 $13,752 $121,860 $21,540 $100,320
2023 $13,295 $126,900 $22,440 $104,460
2022 $10,557 $97,800 $22,440 $75,360
2021 $11,129 $96,780 $22,440 $74,340
2020 $8,347 $64,440 $22,440 $42,000
2019 $9,373 $64,440 $22,440 $42,000
2018 $8,610 $46,579 $13,187 $33,392
2017 $8,331 $44,068 $10,807 $33,261
2016 $8,150 $44,068 $13,543 $30,525
2015 $4,589 $43,344 $18,602 $24,742
2014 $4,589 $40,905 $17,429 $23,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10760943

Real Estate Board of New York (REBNY)

APN: 05907-0050