NOT LISTED FOR SALE

287 E 51st St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $1,046,000 - $1,194,000

-- Bed
2 Baths
3,294 Sq Ft
$340/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $770,000 $234 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,386/month

Highlights

  • Wood Flooring
  • Private Driveway
  • Back and Front Yard
  • Heating System Uses Steam

About This Home

As of October 2020

Large Brick 2 family in the much sought after East Flatbush area of Brooklyn. Semi attached with parking for 4 vehicles in the driveway. This property is within walking distance to everything and is expected to go quickly. Full finished basement and no leases

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,346

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 100 x 40
  • Back and Front Yard

Home Design

  • 3,294 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Poured Concrete
  • Asphalt Roof

Flooring

  • Wood
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Private Driveway

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Additional Features

  • Finished Basement

Community Details

  • 2 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Block 4657

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,346

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 65.00
  • Building Width: 22.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Lenox Road
  • Cross Street Name2: Linden Blvd
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: 4 Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 3294
  • Street Name I D X: 51
  • Building Style: Other
  • Waterfront Present: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 2
  • Flooring: Hardwood, Linoleum, Tile
  • Lot Sq Ft: 4000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block, Poured Concrete
  • Lot Number: 50
  • Roof: Asphalt/Tar, Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 40
  • Zoning: R6

Rental Info

  • Rent Income: 55800
  • Tenant Monthly Rent: 4600.00

Tax Info

  • Flip Tax Amount: 5346.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2019
Closed on
Nov 19, 2020
Sold by
Archer Olive and Wallace Calvert
Bought by
Wallace Calvert
Sold Price
$770,000
Current Estimated Value
$1,119,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,926
Avg. Annual Appreciation
7.44%

Purchase Details

Closed on
May 25, 2005
Sold by
Archer Olive
Bought by
Archer Olive and Wallace Calbert

Purchase Details

Closed on
Mar 29, 2000
Sold by
Burnett Rosalie
Bought by
Archer Olive

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,750
Outstanding Balance
$89,829
Interest Rate
8.21%
Estimated Equity
$1,030,097

Purchase Details

Closed on
Oct 16, 1998
Sold by
Baker Rita M
Bought by
Ollivierre Hermon and Ollivierre Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
10.5%
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
Wallace Calvert -- --
Wallace Calvert -- --
Wallace Calvert -- --
Archer Olive -- --
Archer Olive -- --
Archer Olive $285,000 --
Archer Olive $285,000 --
Ollivierre Hermon $70,000 --
Ollivierre Hermon $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Archer Olive $270,750
Closed Archer Olive $270,750
Previous Owner Ollivierre Hermon $187,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $770,000 -- $234 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $6,217 $67,500 $30,540 $36,960
2024 $6,217 $61,440 $30,540 $30,900
2023 $6,228 $71,460 $30,540 $40,920
2022 $5,779 $67,080 $30,540 $36,540
2021 $5,753 $58,860 $30,540 $28,320
2020 $5,783 $49,200 $30,540 $18,660
2019 $4,025 $46,380 $30,540 $15,840
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 432001

Brooklyn Board of REALTORS®

APN: 04657-0050

New York Kings County Brooklyn 11203 East Flatbush

287 E 51st St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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