NOT LISTED FOR SALE

Estimated Value: $3,229,000 - $3,705,000

Studio
-- Bath
3,990 Sq Ft
$873/Sq Ft Est. Value

Sale Details

Date Sold: December 12, 2019

Last sale price $3,025,000 $758 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $19,288 / mo

13 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to Lorimer Street (L Line)
  • 2-minute walk to Macri Triangle

About This Home

As of December 2019

If you're looking for an exceptional opportunity to own a unique three family on a tree lined block, look no further.

Underneath the vintage aluminum siding, hides the bones of a classical turn-of-the-century italianate style masonry building ready and waiting for your architect's touch.

For the end user, the existing layouts would lend themselves well towards conversion to a two-family by combining the second floor units, or a single family by combining all three. For the investment buyer; All units are fully leased at present and generating exceptional income. Please contact us for additional income and expense information as well as lease end dates.

Starting with the ground floor, you will find a full floor garage and workshop perfect for the car collector, artist or craftsperson complete with a full bathroom, slop sink and storage. Additionally, this floor includes a front room, which once housed a small store, and contains a small kitchenette and a full bathroom. On the second floor you will find two apartments, each with two bedrooms and one bath. Benefiting from a rare deed restriction on the neighboring one story property, the second floor is built full depth and features windows along the eastern exposure as well as the Northern and western side.

Moving on to the third floor you will find the top apartment with two north facing bedrooms, and a living room with a cozy bay window. The roof of the second floor of the building extends from the back and would be suitable for an expansive rear deck.Current income is over $165K!

Last Agent to Sell the Property

Jordan Levitt

Douglas Elliman Real Estate License #10301208943 Listed on: 11/06/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 1,873

Home Design

  • Pre War Building

Interior Spaces

  • 3-Story Property

Community Details

  • 3 Units
  • Williams Subdivision

Listing and Financial Details

  • Legal Lot and Block 15 / 2756

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

1,873 Sq Ft Lot

Listing Details

  • Cross Street: Lorimer St and Union St
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: WILLIAMS
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Oil

Building Info

  • Units: 3
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 2756
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2019
Closed on
Dec 12, 2019
Sold by
Ursino Brian
Bought by
28 Conselyea Llc
Seller's Agent
Jordan Levitt
Douglas Elliman Real Estate
List Price
$2,995,000
Sold Price
$3,025,000
Premium/Discount to List
$30,000
1%
Current Estimated Value
$3,484,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$459,000
Avg. Annual Appreciation
2.26%

Purchase Details

Closed on
Apr 28, 2016
Sold by
Lombardo Michelle
Bought by
Ursino Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2013
Sold by
Lombardo Michelle
Bought by
Lombardo Michelle
Source: Public Records
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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
28 Conselyea Llc $3,025,000 --
Ursino Brian $2,100,000 --
Lombardo Michelle -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ursino Brian $1,575,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2019 12/12/19 Sold $3,025,000 +1.0% $758 / Sq Ft
11/25/2019 11/25/19 Pending -- -- --
11/11/2019 11/11/19 For Sale $2,995,000 -- $751 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $6,297 $188,580 $16,980 $171,600
2024 $6,297 $156,720 $16,980 $139,740
2023 $6,010 $192,120 $16,980 $175,140
2022 $5,028 $191,580 $16,980 $174,600
2021 $4,916 $187,860 $16,980 $170,880
2020 $2,407 $166,440 $16,980 $149,460
2019 $5,465 $166,440 $16,980 $149,460
2018 $5,027 $24,661 $3,066 $21,595
2017 $4,727 $24,661 $3,093 $21,568
2016 $4,346 $23,288 $3,395 $19,893
2015 $2,586 $23,064 $5,036 $18,028
2014 $2,586 $21,772 $5,068 $16,704
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10575498

Real Estate Board of New York (REBNY)

APN: 02756-0015

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