NOT LISTED FOR SALE

Estimated Value: $1,054,736

Studio
-- Bath
2,540 Sq Ft
$415/Sq Ft Est. Value

Sale Details

Date Sold: June 20, 2023

Last sale price $1,025,000 $404 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,173 / mo

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back Yard

About This Home

As of June 2023

Introducing a mixed-use building located in Madison. This two-story property is approximately 2540 sqft. The building features one spacious commercial unit, currently utilized as an office, and two residential units, each comprising 2 bedrooms, 1 bathroom, a living room, and a kitchen. Includes a backyard. Building size 20*64 over Lot size 20*100. Annual property tax of $6540. Situated along Kings Highway and Nostrand Avenue, this property benefits from high business traffic. Nearby are plenty of businesses, restaurants, banks, schools, hospitals, supermarkets, fitness centers, and more. Steps away from B44, B7, B82, and BM4 Buses. Convenient for all!

Last Agent to Sell the Property

Kelly Wu

RE/MAX Edge License #10401268467 Listed on: 05/19/2023

RE/MAX Edge

Co-Listed By

Jimmy Lu

RE/MAX Edge

RE/MAX Edge

Last Buyer's Agent

Jimmy Lu

RE/MAX Edge

RE/MAX Edge
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Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,540

Lot Details

  • 2,100 Sq Ft Lot
  • Lot Dimensions are 105 x 20
  • Back Yard
  • Property is zoned R3-2

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,540 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Tile

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 7690

Property Details

Property Type

Other

Est. Annual Taxes

$6,540

Lot Details

2,100 Sq Ft Lot

Listing Details

  • Basement Amenities: Full, Semi-Finished
  • Borough: Brooklyn
  • Building Length: 64.00
  • Building Width: 20.00
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: Kings Hwy
  • Cross Street Name2: Avenue P
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2540
  • Building Stories: 2
  • Street Name I D X: Nostrand
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpeting, Hardwood, Tile
  • Lot Sq Ft: 2100

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 66
  • Roof: Flat, Other

Utilities

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

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 105
  • Lot Size Width: 20
  • Zoning: R3-2

Tax Info

  • Flip Tax Amount: 6540.00

Multi Family

  • Unit Count: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Jun 20, 2023
Sold by
Bought by
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Jimmy Lu
RE/MAX Edge
List Price
$1,090,000
Sold Price
$1,025,000
Premium/Discount to List
-$65,000
-5.96%
Views
22
Current Estimated Value
$1,054,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,736
Avg. Annual Appreciation
0.92%
Original Mortgage
$407,465
Outstanding Balance
$392,469
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$662,267

Purchase Details

Closed on
Feb 2, 2010
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,025,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $82,534
Open $407,465
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $1,025,000 -6.0% $404 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $1,090,000 -- $429 / Sq Ft
Source: Brooklyn Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,908 $63,000 $12,960 $50,040
2025 $6,908 $68,340 $12,960 $55,380
2024 $6,908 $63,660 $12,960 $50,700
2023 $6,932 $68,460 $12,960 $55,500
2022 $6,363 $62,460 $12,960 $49,500
2021 $6,359 $56,400 $12,960 $43,440
2020 $6,067 $59,760 $12,960 $46,800
2019 $5,996 $53,640 $12,960 $40,680
2018 $5,798 $28,444 $8,247 $20,197
2017 $5,470 $26,836 $8,340 $18,496
2016 $5,061 $25,318 $8,764 $16,554
2015 $3,054 $23,886 $9,572 $14,314
2014 $3,054 $23,886 $10,862 $13,024
Source: Public Records

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 474170

Brooklyn Board of REALTORS®

APN: 07690-0066

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