NOT LISTED FOR SALE

Estimated Value: $941,039 - $1,099,000

7 Beds
2 Baths
3,680 Sq Ft
$285/Sq Ft Est. Value

Last Sold November 02, 2021

Last sale price $900,000 $245 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,079/month

65 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Eat-In Kitchen
  • Westridge Elementary School Rated A+
  • Skylights
  • Park

About This Home

As of November 2021

Price Adjustment! Beautiful Legal Two Family Home Located in Cypress Hills, has a full finished roomy basement with OE. Second floor unit completely renovated with a new kitchen, bathroom, beautiful hardwood floors throughout ! Light and bright with outdoor space, this is a great home with wonderful income potential and is perfectly situated near transportation, parkways, restaurants and schools! New Windows, New Roof, New Boiler and Hot Water Tank. Home has smart meters from Con Ed and gas meters that can be read from outside. Three Blocks to the A and J Trains too! Lovely curb appeal and beautifully maintained make this a home plus great income opportunity!, Additional information: Appearance:Mint,Separate Hotwater Heater:Y

Last Agent to Sell the Property

Elaine Richheimer

Douglas Elliman Real Estate Brokerage Phone: 516-623-4500 License #10401255409 Listed on: 06/08/2021

Douglas Elliman Real Estate

Last Buyer's Agent

Qiulan Li

E Realty International Corp License #10401311754

E Realty International Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,049

Year Built

  • Built in 1899 | Remodeled in 2020

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100

Parking

  • On-Street Parking

Home Design

  • Duplex
  • 3-Story Property
  • Brick Exterior Construction
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Skylights
  • Wood Flooring
  • Finished Basement
  • Walk-Out Basement
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Ps 7 Abraham Lincoln Elementary School
  • Is 171 Abraham Lincoln Middle School
  • Cypress Hills Collegiate Prep High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 7 / 4152
  • Assessor Parcel Number 04152-0007

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,049

Year Built

Built in 1899 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Property Condition: Actual
  • Levels: Bi-Level, Three Or More
  • Year Built: 1899
  • Year Built Effective: 2020
  • Attribution Contact: 516-623-4500
  • CurrentPrice: 900000.00
  • MlsMajorChangeType: Price Decrease
  • ListPrice_By_OriginalListPrice: 0.95859
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Basement: Walk-Out Access, Finished
  • Total Bedrooms: 7
  • Fireplace: No
  • Window Features: Skylight(s)
  • Basement YN: No

Exterior Features

  • Construction Materials: Block, Brick
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking Description: On Street

Utilities

  • Heating: Hot Water, Natural Gas
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Is 171 Abraham Lincoln

Lot Info

  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Parcel Number: 04152-0007
  • Property Attached: Yes
  • Additional Parcels: No

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 6049
  • Tax Block: 4152
  • Tax Lot: 7

MLS Schools

  • Elementary School: Ps 7 Abraham Lincoln
  • High School: Cypress Hills Collegiate Prep School
  • Middle School District: Brooklyn 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Nov 2, 2021
Sold by
Martinez Josephine
Bought by
Li Ying Mei
Seller's Agent
Elaine Richheimer
Douglas Elliman Real Estate
Buyer's Agent
Qiulan Li
E Realty International Corp
List Price
$990,000
Sold Price
$900,000
Premium/Discount to List
-$90,000
-9.09%
Current Estimated Value
$1,050,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,510
Avg. Annual Appreciation
3.83%
Original Mortgage
$540,000
Outstanding Balance
$495,228
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$555,282
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Li Ying Mei $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Ying Mei $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2021 11/02/21 Sold $900,000 -5.2% $245 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
08/06/2021 08/06/21 Price Changed $949,000 -4.1% $258 / Sq Ft
06/08/2021 06/08/21 For Sale $990,000 -- $269 / 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 $6,822 $66,360 $16,800 $49,560
2024 $6,822 $59,100 $16,800 $42,300
2023 $6,549 $52,320 $16,800 $35,520
2022 $6,344 $50,220 $16,800 $33,420
2021 $6,015 $53,400 $16,800 $36,600
2020 $4,513 $39,780 $16,800 $22,980
2019 $5,628 $39,780 $16,800 $22,980
2018 $5,180 $26,872 $13,040 $13,832
2017 $5,099 $26,482 $16,119 $10,363
2016 $4,685 $24,988 $13,882 $11,106
2015 $2,793 $24,980 $16,815 $8,165
2014 $2,793 $23,588 $13,946 $9,642
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3319509

OneKey® MLS

APN: 04152-0007