NOT LISTED FOR SALE

Estimated Value: $1,191,485 - $1,380,000

5 Beds
3 Baths
2,245 Sq Ft
$572/Sq Ft Est. Value

Last Sold September 18, 2018

Last sale price $825,000 $367 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $7,451/month

38 Days on Market

About This Home

As of September 2018

ATTENTION ALL INVESTORS AND END USERS!!!!! Incredible opportunity now available in Bed Stuy. Introducing 311 Sumpter St, a legal 2 family home with private outdoor space and 2 OFF STREET PARKING SPACES! The owners duplex is a sprawling 3 bed/2 bath apartment with direct access to your backyard. The 1st floor of the owner's unit is comprised of an entry foyer, living/dining room, an open kitchen layout, 2 bedrooms and direct access to your private deck and backyard. The large living space provides sufficient space for family dining and entertaining. Across from the full bathroom on the first floor is a fully equipped laundry room and home's mechanicals. The top floor is an enormous master bedroom with full en suite bathroom, a large walk-in closet, and additional storage. From an investment perspective, similar 3 bed/2 bath apartments in the neighborhood are renting above $3k/month. The rental apartment is a 2 bed 1 bath apartment with a similar layout to the owner's unit. The rental unit has it's own washer/dryer and separate utilities. The current tenant in the rental unit is paying $1650/month on a month to month basis. The projected cap rate is above 6% including the ever elusive private parking spaces!

Last Agent to Sell the Property

Peter Perez

Douglas Elliman Real Estate License #10401260855 Listed on: 07/10/2018

Douglas Elliman Real Estate

Co-Listed By

Aran Scott

Douglas Elliman Real Estate License #40SC1156403

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,370

Year Built

  • Built in 2002

Lot Details

  • 2,265

Interior Spaces

  • 2,245 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Community Details

  • 2 Units
  • Bed Stuy Subdivision

Listing and Financial Details

  • Tax Block 1521

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,370

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Cross Street: Sumpter Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: BED-STUY
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 2245.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 2002

Tax Info

  • Tax Block: 1521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2018
Closed on
Sep 18, 2018
Sold by
Hill Marvin
Bought by
Drazenovic Navarro Ivo and Gomez Veronica
Seller's Agent
Peter Perez
Douglas Elliman Real Estate
List Price
$845,000
Sold Price
$825,000
Premium/Discount to List
-$20,000
-2.37%
Current Estimated Value
$1,283,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,871
Avg. Annual Appreciation
6.39%
Original Mortgage
$810,057
Outstanding Balance
$703,502
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$580,369

Purchase Details

Closed on
Feb 23, 2004
Sold by
Robinson-Hill Vanessa Y
Bought by
Hill Marvin
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
Drazenovic Navarro Ivo $825,000 --
Drazenovic Navarro Ivo $825,000 --
Hill Marvin -- --
Hill Marvin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drazenovic Navarro Ivo $810,057
Closed Drazenovic Navarro Ivo $810,057
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2018 09/18/18 Sold $825,000 -2.4% $367 / Sq Ft
08/19/2018 08/19/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $845,000 -- $376 / 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 $8,370 $74,400 $16,920 $57,480
2024 $8,370 $65,220 $16,920 $48,300
2023 $7,985 $71,940 $16,920 $55,020
2022 $7,404 $58,860 $16,920 $41,940
2021 $6,847 $56,820 $16,920 $39,900
2020 $3,167 $51,900 $16,920 $34,980
2019 $5,824 $49,920 $16,920 $33,000
2018 $4,810 $32,763 $9,850 $22,913
2017 $4,110 $30,909 $9,413 $21,496
2016 $3,464 $29,160 $9,441 $19,719
2015 $605 $29,160 $9,441 $19,719
2014 $605 $28,941 $9,222 $19,719
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10439834

Real Estate Board of New York (REBNY)

APN: 01521-0061