NOT LISTED FOR SALE

305 E 38th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $992,000 - $1,184,000

9 Beds
5 Baths
2,160 Sq Ft
$498/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $1,050,000 $486 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,228/month

61 Days on Market

About This Home

As of July 2024

305 East 38th Street in Brooklyn, NY, located in the desirable neighborhood of East Flatbush, is a luxurious two-family property that has been beautifully renovated to offer a sophisticated living experience. Each floor of this stunning residence boasts three spacious bedrooms, providing ample space for comfortable living. Additionally, the property features a finished basement, adding extra living or entertainment space for residents to enjoy. With its elegant design and prime location, this property epitomizes luxury living in Brooklyn's vibrant East Flatbush neighborhood.

Last Agent to Sell the Property

Nina Sabag

5 Boro Realty Corp Brokerage Phone: 855-305-3325 License #10311207532 Listed on: 03/14/2024

Last Buyer's Agent

Gila Benor

5 Boro Realty Corp License #10401386686

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,077

Year Built

  • Built in 1920

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 30x100
  • 1 Common Wall

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Parking

  • Private Parking
  • Driveway

Schools

  • Science & Medicine Middle School
  • High School For Medical Professions

Utilities

  • Cooling Available

Additional Features

  • Finished Basement

Listing and Financial Details

  • Legal Lot and Block 41 / 4892
  • Assessor Parcel Number 04892-0041

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,077

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Year Built: 1920
  • New Construction: No
  • Attribution Contact: 855-305-3325
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 5
  • Basement: Finished
  • Total Bedrooms: 9
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Other
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Driveway

Utilities

  • Cooling: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Science & Medicine Middle School

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 30x100
  • Lot Size Sq Ft: 3000
  • Lot Size Units: Acres
  • Parcel Number: 04892-0041
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 7077
  • Tax Block: 4892
  • Tax Lot: 41
  • Tax Map Number: 04892-0041

MLS Schools

  • High School: High School For Medical Professions
  • Middle School District: Brooklyn 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Jul 23, 2024
Sold by
305 East 38Th Plaza Corp
Bought by
Ferdowsi Mareeha and Kashem Abul
Seller's Agent
Nina Sabag
5 Boro Realty Corp
Buyer's Agent
Gila Benor
5 Boro Realty Corp
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
Views
33
Current Estimated Value
$1,076,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,440
Avg. Annual Appreciation
1.75%
Original Mortgage
$840,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2018
Sold by
305 East 38Th Plaza Corp
Bought by
Michavi Rachel

Purchase Details

Closed on
Dec 11, 2017
Sold by
Jeffrey R Miller Esq
Bought by
305 East 38Th Plaza Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2006
Sold by
Murray Johannah and Murray Lawrence
Bought by
Pilgrim Cavis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.33%

Purchase Details

Closed on
Aug 21, 2002
Sold by
Rossi Randolph
Bought by
Murray Lawrence and Murray Johannah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,250
Interest Rate
6.36%
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
Ferdowsi Mareeha $1,050,000 --
305 East 38Th Plaza Corp -- --
Ferdowsi Mareeha $1,050,000 --
305 East 38Th Plaza Corp -- --
Michavi Rachel -- --
Michavi Rachel -- --
Michavi Rachel -- --
305 East 38Th Plaza Corp $475,000 --
305 East 38Th Plaza Corp $475,000 --
305 East 38Th Plaza Corp $475,000 --
Pilgrim Cavis $585,000 --
Pilgrim Cavis $585,000 --
Murray Lawrence -- --
Murray Lawrence -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferdowsi Mareeha $840,000
Previous Owner 305 East 38Th Plaza Corp $425,000
Previous Owner Pilgrim Cavis $117,000
Previous Owner Pilgrim Cavis $468,000
Previous Owner Murray Lawrence $261,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2024 07/23/24 Sold $1,050,000 -16.0% $486 / Sq Ft
03/15/2024 03/15/24 For Sale $1,250,000 -- $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 $7,254 $56,940 $15,960 $40,980
2024 $7,254 $57,480 $15,960 $41,520
2023 $7,156 $63,120 $15,960 $47,160
2022 $6,636 $51,660 $15,960 $35,700
2021 $6,564 $41,220 $15,960 $25,260
2020 $5,020 $36,540 $15,960 $20,580
2019 $6,296 $36,540 $15,960 $20,580
2018 $5,985 $29,362 $11,000 $18,362
2017 $5,647 $27,702 $12,575 $15,127
2016 $5,312 $26,572 $12,186 $14,386
2015 $3,152 $26,572 $15,430 $11,142
2014 $3,152 $25,081 $16,515 $8,566
Source: Public Records

Agents Affiliated with this Home

  • Nina Sabag

    Seller's Agent in 2024

    Nina Sabag

    5 Boro Realty Corp

    (917) 705-0005

    4 in this area

    40 Total Sales

    Nina Sabag
    Section Image

  • G

    Buyer's Agent in 2024

    Gila Benor

    5 Boro Realty Corp

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3538024

OneKey® MLS

APN: 04892-0041

New York Kings County Brooklyn 11203 East Flatbush

305 E 38th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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