NOT LISTED FOR SALE

Estimated Value: $1,655,111

Studio
-- Bath
2,600 Sq Ft
$637/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $1,400,000 $538 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $9,681/month

Highlights

  • Wood Flooring
  • 4-minute walk to 25 Avenue
  • Heating System Uses Steam
  • P.S. 95 - The Gravesend Rated A-
  • Multiple cooling system units
  • 2-minute walk to Scarangella Park

About This Home

As of March 2022

Great investment opportunity! Mixed-use building 1 retail store and 4 families in Gravesend. Building size: 20x65, Lot size: 22x100. Tax: $10,006. Zoning R5B. Gross annual income $97,200. Total annual expenses: $10,780. Net income: $76,414. Cap Rate: 5%. Near N train Ave U and D train 25th Ave. Also close to 86th St and Ave U business district. Convenient to all shopping, restaurants, supermarket.

Last Agent to Sell the Property

Kelly Wu

RE/MAX Edge License #10401268467 Listed on: 09/02/2021

RE/MAX Edge

Last Buyer's Agent

Kelly Wu

RE/MAX Edge License #10401268467 Listed on: 09/02/2021

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,006

Year Built

  • Built in 1931

Lot Details

  • 2,200 Sq Ft Lot
  • Lot Dimensions are 100 x 22
  • Back Yard
  • Property is zoned S4

Home Design

  • Mixed Use
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Roof
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 2,600 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Tile

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 7093

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $2,500
  • Utility Expense $480
  • Gross Income $97,200
  • Net Operating Income $76,414

Property Details

Property Type

Other

Est. Annual Taxes

$10,006

Year Built

Built in 1931

Lot Details

2,200 Sq Ft Lot

Listing Details

  • Basement Amenities: Sub-cellar
  • Borough: Brooklyn
  • Building Length: 65.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: Kitchen
  • Confirmed By M L S Y N: Yes
  • Cross Street: 86th St
  • Cross Street Name2: W 13th St
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 4
  • Parking Attributes: Other
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2600
  • Building Stories: 3
  • Street Name I D X: Avenue U
  • Year Built: 1931
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2200

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Wood Frame
  • Exterior: Stucco, Vinyl Siding
  • Foundation Details: Poured Concrete
  • Lot Number: 41
  • Roof: Asphalt/Tar

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 22
  • Zoning: S4

Multi Family

  • Annual Gross Expense: 10780.00
  • Annual Gross Income: 97200
  • Insurance Expense: 2500.00
  • Property Net Operating Income: 76414.00
  • Unit Count: 5
  • Annual Utility Expenses: 480.00

Tax Info

  • Flip Tax Amount: 10006.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2023
Sold by
Tuong Jenny
Bought by
Jam Squared Llc
Current Estimated Value
$1,655,111

Purchase Details

Listed on
Sep 2, 2021
Closed on
Mar 31, 2022
Sold by
Ou Cindy and Ou David
Bought by
Tuong Jenny
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Kelly Wu
RE/MAX Edge
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%
Original Mortgage
$870,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2016
Sold by
Keyserman Noel and Leschinsky Marat
Bought by
Ou Cindy and Ou David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.43%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Jam Squared Llc -- --
Tuong Jenny $1,400,000 --
Ou Cindy $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tuong Jenny $870,000
Previous Owner Ou Cindy $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $1,400,000 -- $538 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $12,841 $295,650 $63,900 $231,750
2024 $12,841 $246,240 $63,900 $182,340
2023 $11,669 $205,200 $63,900 $141,300
2022 $10,778 $255,600 $63,900 $191,700
2021 $10,006 $224,325 $63,900 $160,425
2019 $9,965 $181,440 $63,900 $117,540
2018 $9,307 $73,171 $30,923 $42,248
2017 $8,619 $67,765 $30,071 $37,694
2016 $8,089 $62,747 $34,805 $27,942
2015 $5,252 $62,747 $41,831 $20,916
2014 $5,252 $60,778 $40,519 $20,259
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 455255

Brooklyn Board of REALTORS®

APN: 07093-0041

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