Seller's Agent in 2022
Margaret Wu
Compass
(917) 596-1474
1 in this area
24 Total Sales
320 E 56th St Brooklyn, NY 11203
East Flatbush NeighborhoodEstimated Value: $1,080,000 - $1,396,864
8
Beds
5.5
Baths
3,680
Sq Ft
$326/Sq Ft
Est. Value
About This Home
As of June 2022Matterport available upon request
Low carrying costs and a high cap rate combine to create a prime investment opportunity with incredible value. Boasting three income-producing rental units with modern finishes and private parking, this spacious redbrick rowhouse is a paradigm of classic East Flatbush living. Each unit is currently occupied but the property can be delivered vacant.
Features include updated water tanks, hardwood floors, large windows, through-wall A/C, open plan layouts, windowed corner kitchens, a private driveway, and front and rear patios perfect for parking and outdoor hobbies and BBQs.
The first unit is a 2-bedroom, 1.5-bathroom garden-level duplex with ample closet space and access to the finished basement. The basement level is completely open and can be used as a recreation room, lounge, or office.
The second and third units have 3 bedrooms, 2 bathrooms, and sit on the second and third floors, respectively. Primary bedrooms have full en-suite bathrooms, and all bedrooms have private closet space.
Located in East Flatbush, 320 East 56th Street is moments from several schools and has easy access to Kings Highway and Linden Boulevard. The building is a few blocks from a variety of dining and shopping options and is also close to The Wyckoff House Museum.
*some images are virtually staged
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,807
Year Built
- Built in 2007
Lot Details
- 2,666 Sq Ft Lot
- Lot Dimensions are 26.66 x 100.0
- Garden
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
Listing and Financial Details
- Tax Block 04727
Community Details
Overview
- 2 Units
- Northeast Flatbush Subdivision
Amenities
- Community Garden
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 4, 2022
Closed on
Jun 3, 2022
Sold by
Cleophat Evans and Cleophat Evens
Bought by
Razzak Md Abdur and Sarmin Rubaiya
Seller's Agent
Margaret Wu
Compass
List Price
$1,250,000
Sold Price
$1,180,000
Premium/Discount to List
-$70,000
-5.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,466
Avg. Annual Appreciation
0.44%
Original Mortgage
$1,158,627
Outstanding Balance
$1,107,374
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$89,537
Purchase Details
Closed on
Jan 10, 2008
Sold by
Ped Group Inc
Bought by
Cleophat Evans
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,500
Interest Rate
6.17%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Razzak Md Abdur | $1,180,000 | -- | |
| Cleophat Evans | $725,000 | -- | |
| Cleophat Evans | $725,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Razzak Md Abdur | $1,158,627 | |
| Previous Owner | Cleophat Evans | $72,500 | |
| Previous Owner | Cleophat Evans | $580,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/08/2022 06/08/22 | Off Market | $1,180,000 | -- | -- |
| 06/07/2022 06/07/22 | Sold | $1,180,000 | -5.6% | $321 / Sq Ft |
| 02/11/2022 02/11/22 | For Sale | $1,250,000 | -- | $340 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $8,807 | $75,780 | $21,120 | $54,660 |
| 2024 | $8,807 | $72,420 | $21,120 | $51,300 |
| 2023 | $8,759 | $71,700 | $21,120 | $50,580 |
| 2022 | $6,409 | $60,300 | $21,120 | $39,180 |
| 2021 | $8,498 | $46,560 | $21,120 | $25,440 |
| 2020 | $3,985 | $39,180 | $21,120 | $18,060 |
| 2019 | $7,518 | $35,940 | $21,120 | $14,820 |
| 2018 | $8,259 | $40,513 | $19,861 | $20,652 |
| 2017 | $7,791 | $38,220 | $21,120 | $17,100 |
| 2016 | $7,365 | $36,840 | $21,120 | $15,720 |
| 2015 | $4,607 | $37,800 | $23,460 | $14,340 |
| 2014 | $4,607 | $37,800 | $23,460 | $14,340 |
Source: Public Records
Agents Affiliated with this Home
-
Margaret Wu
-
Olivia Marquez
Seller Co-Listing Agent in 2022
Olivia Marquez
Compass
(917) 526-0532
1 in this area
19 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10868599
APN: 04727-0129
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