NOT LISTED FOR SALE
-- Bed
7 Baths
5,550 Sq Ft
2,620 Sq Ft Lot

Last Sold December 12, 2022

Last sale price $2,188,000 $394 Per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to Bay Ridge Avenue
  • Multiple cooling system units
  • P.S. 102 The Bayview School Rated A
  • Resident Manager or Management On Site
  • Baseboard Heating

About This Home

As of December 2022

EXCELLENT CONDITION SOLID 6 FAMILY IN PRIME BAY RIDGE AREA. RENT STABLIZED WITH VERY STEADY HIGH RENTS. BUILDING WAS GUT RENNOVATED FEW YEARS AGO. SEPARATE GAS/ELECTRIC METERS FOR EACH APARTMENTS. INDIVIDUAL FURNACE AND HOT WATER TANKS FOR EACH APARTMENTS. LANDLORD ONLY PAY COLD WATER. ALL APARTMENTS ARE IN MINT CONDITION. NEWER ROOF. GROSS INCOME $136,800. GROSS EXPENSE $27,000. ACTUAL NET CLOSE TO $111,000.CLOSE TO TRANSPORTATION. RESTAURANT. A MUST SEE INVESTMENT PROPERTY.

Last Agent to Sell the Property

Simon Liang

Real Broker NY LLC Listed on: 06/22/2022

Last Buyer's Agent

Maggie (Cuie) Wu

RE/MAX Edge

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,415

Year Built

  • Built in 1920

Lot Details

  • 2,620 Sq Ft Lot
  • Lot Dimensions are 105 x 25
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Masonry

Interior Spaces

  • 5,550 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Tile

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5854

Community Details

Building Details

  • Insurance Expense $4,000
  • Utility Expense $1,000
  • Gross Income $136,800
  • Net Operating Income $109,800

Additional Features

  • 6 Units
  • Secure Lobby
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,415

Year Built

Built in 1920

Lot Details

2,620 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 74.00
  • Building Width: 25.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd AVENUE
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Refrigerator, Stove
  • Fill Sq Ft Total: 5550
  • Building Stories: 3
  • Street Name I D X: 68th
  • Building Style: Other
  • Year Built: 1920
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Three Quarter Bathrooms: 1
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2620

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick, Masonry
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 65
  • Roof: Asphalt/Tar, Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 105
  • Lot Size Width: 25
  • Zoning: R5B

Rental Info

  • Rent Income: 136800

Multi Family

  • Annual Gross Expense: 27000.00
  • Annual Gross Income: 136800
  • Insurance Expense: 4000.00
  • Miscellaneous Expense: 2000.00
  • Property Net Operating Income: 109800.00
  • Unit Count: 6
  • Annual Utility Expenses: 1000.00

Tax Info

  • Flip Tax Amount: 18415.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2022 12/12/22 Sold $2,188,000 -- $394 / Sq Ft
06/22/2022 06/22/22 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 $21,014 $539,550 $36,450 $503,100
2024 $21,014 $449,550 $36,450 $413,100
2023 $20,571 $488,700 $36,450 $452,250
2022 $19,836 $434,250 $36,450 $397,800
2021 $18,415 $396,900 $36,450 $360,450
2020 $8,382 $413,550 $36,450 $377,100
2019 $16,307 $413,550 $36,450 $377,100
2018 $16,407 $128,994 $9,802 $119,192
2017 $15,862 $124,714 $10,944 $113,770
2016 $14,887 $115,476 $11,477 $103,999
2015 $8,476 $106,923 $12,755 $94,168
2014 $8,476 $99,461 $9,637 $89,824
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 463644

Brooklyn Board of REALTORS®

APN: 05854-0065

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