NOT LISTED FOR SALE

3042 Brighton 5th St Brooklyn, NY 11235

Brighton Beach Neighborhood

Estimated Value: $830,652 - $1,187,000

6 Beds
3 Baths
2,000 Sq Ft
$494/Sq Ft Est. Value

Last Sold December 18, 2023

Last sale price $930,000 $465 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,828/month

Highlights

  • Back and Side Yard
  • 2-minute walk to Brighton Beach
  • Private Driveway
  • P.S. 253 The Magnet School of Multicultural Humanities Rated A
  • Multiple cooling system units

About This Home

As of December 2023

Welcome to prime Brighton Beach. This detached 2 family houses is in excellent condition,with shared drive way , and finish basement making it an attractive opportunity for potential buyers.

The location is highly desirable, as it is just a few blocks away from public transportation options such as trains and convenient busy shopping centers. This proximity to transportation and amenities adds to the overall appeal of the property.

The property is situated in an R6 zoning area, indicating that it is primarily designated for residential use. The residential floor area ratio (FAR) is 2.43, the facility FAR is 4.8, The property offers a generous allowed usable floor area of 6318 square feet[Can be sold as package together with 3038 Brighton 5 Street[detached 3 family $1,199,999]. Total lot will be 52'x 100'.allowed usable floor area of 12636 spft. This makes it particularly enticing for developers, builders, or end-users looking for ample space to customize and create their desired living or commercial environment.

Overall, this presents an excellent opportunity for those seeking a well-maintained property in a prime location with the potential for further development or customization.

Last Agent to Sell the Property

Joe Zhu

RE/MAX Edge License #10401312891 Listed on: 05/17/2023

RE/MAX Edge

Last Buyer's Agent

Joe Zhu

RE/MAX Edge License #10401312891 Listed on: 05/17/2023

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,110

Lot Details

  • 2,600 Sq Ft Lot
  • Lot Dimensions are 100 x 26
  • Back and Side Yard

Home Design

Interior Spaces

  • 2,000 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Private Driveway

Utilities

  • Multiple cooling system units

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 8674

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,110

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 19.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Brighton Beach Ave
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 6+ Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Fill Sq Ft Total: 2000
  • Building Stories: 3
  • Street Name I D X: Brighton 5th
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Other
  • Lot Sq Ft: 2600

Exterior Features

  • Yard: Back, Side, Other
  • Exterior Building Type: Detached
  • Construction Type: Other
  • Exterior: Other
  • Foundation Details: Other
  • Lot Number: 19
  • Roof: Other

Utilities

  • Air Conditioning Units: 2
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 26
  • Zoning: r6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Dec 18, 2023
Sold by
You Sun Ja and You Tae Sun
Bought by
Lucky 9988 Inc
Seller's Agent
Joe Zhu
RE/MAX Edge
Buyer's Agent
Joe Zhu
RE/MAX Edge
List Price
$1,199,999
Sold Price
$930,000
Premium/Discount to List
-$269,999
-22.5%
Views
40
Current Estimated Value
$1,014,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,145
Avg. Annual Appreciation
3.14%
Original Mortgage
$465,000
Outstanding Balance
$457,282
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$531,381

Purchase Details

Closed on
Nov 15, 2005
Sold by
Jiminez Ricardo and Jiminez Sonia
Bought by
You Sun Ja and You Tae Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
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
Lucky 9988 Inc $930,000 --
You Sun Ja $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucky 9988 Inc $465,000
Previous Owner You Sun Ja $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2023 12/18/23 Sold $930,000 -11.4% $465 / Sq Ft
06/24/2023 06/24/23 Price Changed $1,050,000 -4.5% $525 / Sq Ft
05/25/2023 05/25/23 Price Changed $1,099,999 -8.3% $550 / Sq Ft
05/17/2023 05/17/23 For Sale $1,199,999 -- $600 / Sq Ft
05/17/2023 05/17/23 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 $6,110 $38,520 $14,400 $24,120
2024 $6,110 $30,420 $14,400 $16,020
2023 $6,568 $32,340 $14,400 $17,940
2022 $6,310 $32,160 $14,400 $17,760
2021 $6,276 $29,820 $14,400 $15,420
2020 $2,998 $31,860 $14,400 $17,460
2019 $5,656 $34,440 $14,400 $20,040
2018 $5,512 $27,038 $9,529 $17,509
2017 $5,470 $26,833 $12,906 $13,927
2016 $5,061 $25,315 $10,350 $14,965
2015 $3,053 $23,883 $9,993 $13,890
2014 $3,053 $22,532 $9,428 $13,104
Source: Public Records

Agents Affiliated with this Home

  • Joe Zhu

    Seller's Agent in 2023

    Joe Zhu

    RE/MAX Edge

    (347) 791-7011

    5 in this area

    90 Total Sales

    Joe Zhu
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 474131

Brooklyn Board of REALTORS®

APN: 08674-0019

New York Kings County Brooklyn 11235 Brighton Beach

3042 Brighton 5th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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