NOT LISTED FOR SALE

Estimated Value: $4,489,153

7 Beds
3.5 Baths
6,050 Sq Ft
$742/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $3,500,000 $579 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $25,504/month

253 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Myrtle Avenue
  • Intercom
  • Terrace
  • Community Garden
  • Garage

About This Home

As of April 2021

Welcome to the most interesting building in Brooklyn -- the original office of the William Ulmer Brewery. Designed by famed architect Theobald M. Engelhardt in 1885 and described by Brownstoner as a "Romanesque Revival Masterpiece in the German Rundbogenstil (round arch) style of architecture," this fully detached two-family mansion features everything you could imagine in a historical masterpiece: Soaring 13' ceilings with arched windows on three sides and giant skylights above; cherry wood floors and moldings with various types (Carrara, Rosa Aurora, Grays Creek, etc.) of marble and granite fixtures; a beautiful wrought iron fence opening into a cobblestone courtyard en route to your 530' private garage; and a Mansard roof highlighted with terra cota trim and tons of original detail...they simply don't build to this level of quality anymore. Boasting a little over 6,000 SF (not including the full basement), you really have to see this building to understand just how massive it feels inside. The upstairs unit is recently renovated and has a tenant through August, while the downstairs unit is recently vacant. Note that the downstairs could be sold separately with an asking price of $2M. For investors, the M1-1 zoning allows any commercial use in one of the Brooklyn's most quickly-appreciating neighborhoods, with an average retail rent of ~$50/SF. This offers investors a unique opportunity for substantial short-term cash-flow, and capability to sell at a premium down the road. A pro-forma can be provided upon request, and the building has been approved for either residential or commercial financing. Please feel free to reach out with any questions, and take care of yourself during this unique time!

Last Agent to Sell the Property

Nathan Horne

Compass License #10301210236 Listed on: 05/26/2020

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1885

Parking

  • Garage

Home Design

  • Pre War Building

Interior Spaces

  • 6,050 Sq Ft Home
  • 2-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 7 Bedrooms

Additional Features

  • Terrace
  • Lot Dimensions are 49.67 x 102.75

Listing and Financial Details

  • Legal Lot and Block 34 / 3135

Community Details

Overview

  • Bushwick Subdivision

Amenities

  • Community Garden
  • Building Terrace
  • Courtyard

Home Details

Home Type

Single Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Cross Street: Broadway/Beaver Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 6050.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 7

Exterior Features

  • Exterior Features: Building Courtyard, Building Garden
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: Yes

Lot Info

  • Lot Size Dimensions: 49.67 x 102.75

Building Info

  • Building Name: William Ulmer Brewery
  • Total Stories: 2
  • Year Built: 1885

Tax Info

  • Tax Block: 3135
  • Tax Lot: 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2020
Closed on
Mar 31, 2021
Sold by
Schachner Lisa and Swift Jay
Bought by
Ziteng Inc
Seller's Agent
Nathan Horne
Compass
List Price
$3,500,000
Sold Price
$3,500,000
Current Estimated Value
$4,489,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$989,153
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
Ziteng Inc $3,500,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2021 04/02/21 Sold $3,500,000 0.0% $579 / Sq Ft
02/03/2021 02/03/21 Pending -- -- --
05/26/2020 05/26/20 For Sale $3,500,000 -- $579 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $26,320 $242,100 $91,800 $150,300
2024 $26,320 $263,250 $91,800 $171,450
2023 $25,573 $273,150 $91,800 $181,350
2022 $24,460 $249,750 $91,800 $157,950
2021 $21,607 $202,050 $91,800 $110,250
2020 $11,866 $254,250 $91,800 $162,450
2019 $21,452 $221,850 $91,800 $130,050
2018 $20,354 $209,250 $91,800 $117,450
2017 $19,446 $204,300 $91,800 $112,500
2016 $18,662 $203,850 $91,800 $112,050
2015 $11,289 $180,900 $91,800 $89,100
2014 $11,289 $169,650 $91,800 $77,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10633980

Real Estate Board of New York (REBNY)

APN: 03135-0034