NOT LISTED FOR SALE

Estimated Value: $1,846,257

2 Beds
4 Baths
4,320 Sq Ft
$427/Sq Ft Est. Value

Last Sold July 06, 2023

Last sale price $1,800,000 $417 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $14,343/month

181 Days on Market

About This Home

As of July 2023

297 9th Street is a three story mixed-use building with commercial space on the ground level and residential units on each of the two additional levels. Centrally located in Park Slope just off of 5th avenue this property is within walking distance of the Park and close to many shops and restaurants. Two avenues to the R, F, & G trains. The ground floor tenant is a bar that has been in this location for 10+ years and is under a long term lease. The two residential units are both large free market one-bedroom apartments. The building is currently fully occupied. There is an opportunity to add additional income to the property by renting the side of the building for advertisements. Do not contact tenants.

Last Agent to Sell the Property

Steven Marchetti

Coldwell Banker Reliable R E Brokerage Email: steven.marchetti@cbrnyc.com License #10401289312 Listed on: 11/22/2022

Coldwell Banker Reliable R E

Last Buyer's Agent

Steven Marchetti

Coldwell Banker Reliable R E Brokerage Email: steven.marchetti@cbrnyc.com License #10401289312 Listed on: 11/22/2022

Coldwell Banker Reliable R E

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $50,063

Year Built

  • Built in 1920

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 18x80
  • 1 Common Wall

Interior Spaces

  • 4,320 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Sunset Park High Middle School
  • Sunset Park High School

Utilities

  • No Cooling

Listing and Financial Details

  • Legal Lot and Block 49 / 1004
  • Assessor Parcel Number 01004-0049

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$50,063

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1920
  • New Construction: No
  • Attribution Contact: steven.marchetti@cbrnyc.com
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: See Remarks
  • Total Bedrooms: 2
  • Living Area: 4320
  • SquareFootage: 4320.00
  • SquareFootageSource: Other
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Other
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Other, See Remarks
  • Sewer: Other
  • Water Source: See Remarks
  • Hot Water: See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Sunset Park High School

Lot Info

  • Lot Size Acres: 0.03
  • Lot Size Area: 0.03
  • Lot Dimensions: 18x80
  • Lot Size Sq Ft: 1440
  • Lot Size Units: Acres
  • Parcel Number: 01004-0049
  • Zoning Description: R6A
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2022-11-23

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 50063
  • Tax Block: 1004
  • Tax Lot: 49
  • Tax Map Number: 01004-0049

MLS Schools

  • High School: Sunset Park High School
  • Middle School District: Brooklyn 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2022
Closed on
Aug 8, 2023
Sold by
Broadford Inc
Bought by
5Th And 9Th Llc
Seller's Agent
Steven Marchetti
Coldwell Banker Reliable R E
Buyer's Agent
Steven Marchetti
Coldwell Banker Reliable R E
List Price
$2,500,000
Sold Price
$1,800,000
Premium/Discount to List
-$700,000
-28%
Views
110
Current Estimated Value
$1,846,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,257
Avg. Annual Appreciation
1.56%

Purchase Details

Closed on
Jul 8, 2003
Sold by
Ross Breda C and Ross R
Bought by
Broadford Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.27%
Mortgage Type
Purchase Money Mortgage
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
5Th And 9Th Llc $1,800,000 --
Broadford Inc $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Broadford Inc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Sold $1,800,000 -28.0% $417 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $2,500,000 +38.9% $579 / Sq Ft
03/31/2023 03/31/23 Off Market $1,800,000 -- --
11/22/2022 11/22/22 For Sale $2,500,000 -- $579 / Sq Ft
Source: OneKey® MLS

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 $51,401 $562,050 $65,250 $496,800
2024 $51,401 $512,550 $65,250 $447,300
2023 $51,740 $494,550 $65,250 $429,300
2022 $50,575 $470,250 $65,250 $405,000
2021 $44,273 $414,000 $65,250 $348,750
2020 $49,740 $535,050 $65,250 $469,800
2019 $44,834 $516,150 $65,250 $450,900
2018 $41,646 $486,000 $65,250 $420,750
2017 $36,380 $414,000 $65,250 $348,750
2016 $33,238 $374,400 $65,250 $309,150
2015 $9,484 $341,550 $65,250 $276,300
2014 $9,484 $333,407 $65,250 $268,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3444953

OneKey® MLS

APN: 01004-0049