NOT LISTED FOR SALE

Estimated Value: $1,416,000 - $1,949,000

Studio
-- Bath
3,330 Sq Ft
$474/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2021

Last sale price $1,350,000 $405 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,176 / mo

78 Days on Market

About This Home

As of February 2021

Outstanding, multi-family investment opportunity, just hitting the market, right in the heart of Bay Ridge and a block from the R train at 86th Street! This 3-family home is ready to generate serious income on day one! Solid-brick, 3-family homes are a rare gem in this well-established area. This home is the much coveted, white stone, rounded-front, so typical of classic Bay Ridge. One glance, and you know it's an enormous house with loads of space. The first-floor walk-in level is a 1-bedroom, 1-bathroom unit, complete with a spacious living room and kitchen; the ground floor is also home to 3 separate boilers and 4 electric meters, as well as an abundance of extra storage space. The middle floor is a huge 2-bedroom, 2-bathroom apartment, well-equipped with a spacious living room, full dining room, and eat-in kitchen, not to mention the added convenience of an in-unit washer/dryer! The top floor is a staggering, 4-bedroom layout, with living room, dining room and kitchenette; this wonderful top floor is adorned with multiple skylights, allowing for an abundance of natural light on this level, it also benefits by an in-unit washer/dryer combo. Imagine the investment opportunity of a lifetime for not much more than a million bucks! This impressive multi-family home has over 3,300 square feet of livable space, with stunning original parquet floors from top-to-bottom, it's in terrific shape and ready to move right in. There's a private parking spot, directly in front of the home and a wonderful backyard too! Just around the corner from 3rd Avenue, between 3rd and 4th, in the center of Bay Ridge, right in the midst of a mixture of fine restaurants and shopping along 86th Street. This is a one of a kind Opportunity! Floor plans and virtual tours are available on request. Call today!

Last Agent to Sell the Property

Gavriel Ilyabayev

Douglas Elliman Real Estate License #10301217187 Listed on: 06/11/2020

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Additional Features

  • 3-Story Property
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Bayridge Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 / 6049

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 3rd Avebue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: BAYRIDGE
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Natural Gas

Building Info

  • Units: 3
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 6049
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Feb 24, 2021
Sold by
324 87Th Street Realty Llc
Bought by
Zhang Cj and Zhang Ju Xing
Seller's Agent
Gavriel Ilyabayev
Douglas Elliman Real Estate
List Price
$1,350,000
Sold Price
$1,350,000
Current Estimated Value
$1,497,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,057
Avg. Annual Appreciation
2.99%
Original Mortgage
$890,000
Outstanding Balance
$783,189
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$793,881

Purchase Details

Closed on
Apr 18, 2003
Sold by
Yuger Mikhail and Yuger Rosalya
Bought by
324 87Th Street Realty Llc

Purchase Details

Closed on
Aug 17, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Yuger Mikhail and Yuger Rosalya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.32%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Zhang Cj $1,280,000 --
Zhang Cj $1,280,000 --
Zhang Cj $1,280,000 --
324 87Th Street Realty Llc -- --
324 87Th Street Realty Llc -- --
Yuger Mikhail $200,000 --
Yuger Mikhail $200,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Zhang Cj $890,000
Closed Zhang Cj $890,000
Previous Owner Yuger Mikhail $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2021 02/24/21 Sold $1,350,000 0.0% $405 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $1,350,000 -- $405 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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
2026 $12,691 $87,360 $15,960 $71,400
2025 $12,447 $100,320 $15,960 $84,360
2024 $12,447 $84,960 $15,960 $69,000
2023 $11,874 $93,060 $15,960 $77,100
2022 $8,258 $94,680 $15,960 $78,720
2021 $11,086 $103,860 $15,960 $87,900
2020 $11,081 $71,880 $15,960 $55,920
2019 $10,803 $71,880 $15,960 $55,920
2018 $9,932 $48,721 $9,494 $39,227
2017 $9,370 $45,964 $9,063 $36,901
2016 $8,776 $43,898 $11,688 $32,210
2015 $5,230 $43,879 $12,872 $31,007
2014 $5,230 $43,038 $15,148 $27,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10636718

Real Estate Board of New York (REBNY)

APN: 06049-0014

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