NOT LISTED FOR SALE

Estimated Value: $2,418,949 - $3,269,000

Studio
-- Bath
4,400 Sq Ft
$649/Sq Ft Est. Value

Last Sold July 19, 2016

Last sale price $2,000,000 $455 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $15,481/month

104 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to Marcy Avenue
  • 2-minute walk to Strawberry Playground
  • Garden

About This Home

As of July 2016

337 South 5th Street is a huge 22' x 55' four floor, two family brick townhouse located in Prime Williamsburg. Approximately 4,400 square feet, this property is in need of a total rehab and a new CO but is a rare opportunity for an investor with the price per square foot being under $550. Only one subway stop to Manhattan and very close to Williamsburg's best corridors, including Bedford Ave, the waterfront, Metropolitan, Driggs and Broadway, this property will be a superb investment for a savvy buyer either as a condominium or income producing asset. Property delivered vacant.

Last Agent to Sell the Property

Alexander Maroni

Douglas Elliman Real Estate License #10301201619 Listed on: 03/01/2016

Douglas Elliman Real Estate

Co-Listed By

Jessica Peters

Douglas Elliman Real Estate License #10301209015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 4,400 Sq Ft Home
  • 4-Story Property

Community Details

  • 2 Units
  • Williams Subdivision

Listing and Financial Details

  • Tax Block 2449

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

1,655 Sq Ft Lot

Listing Details

  • Cross Street: Rodney/Keap
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: WILLIAMS
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Living Area: 4400.0
  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Garden

Building Info

  • Units: 2
  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 2449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Jul 19, 2016
Sold by
337 S 5Th Llc
Bought by
337 South 5Th Street Llc
Seller's Agent
Alexander Maroni
Douglas Elliman Real Estate
List Price
$2,400,000
Sold Price
$2,000,000
Premium/Discount to List
-$400,000
-16.67%
Current Estimated Value
$2,855,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$855,737
Avg. Annual Appreciation
3.75%
Original Mortgage
$1,500,000
Outstanding Balance
$1,195,906
Interest Rate
3.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,659,831

Purchase Details

Closed on
Mar 5, 2015
Sold by
Yomi Homes Inc
Bought by
337 S 5Th Llc
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

Date Buyer Sale Price Title Company
337 South 5Th Street Llc $2,000,000 --
337 S 5Th Llc -- --
Yomi Homes Inc $640,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 337 South 5Th Street Llc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2016 07/19/16 Sold $2,000,000 -16.7% $455 / Sq Ft
06/19/2016 06/19/16 Pending -- -- --
03/06/2016 03/06/16 For Sale $2,400,000 -- $545 / 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
2025 $5,506 $215,940 $60,000 $155,940
2024 $5,506 $215,940 $60,000 $155,940
2023 $5,378 $215,940 $60,000 $155,940
2022 $5,115 $177,240 $60,000 $117,240
2021 $5,219 $164,760 $60,000 $104,760
2019 $2,892 $124,140 $14,640 $109,500
2018 $2,659 $13,046 $2,227 $10,819
2017 $2,513 $12,330 $1,699 $10,631
2016 $2,328 $11,643 $2,165 $9,478
2015 $1,403 $11,643 $2,075 $9,568
2014 $1,403 $11,520 $2,381 $9,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10061112

Real Estate Board of New York (REBNY)

APN: 02449-0023

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