Seller's Agent in 2021
Herng-Hwa (Lynn) Sheu
Keller Williams Realty Empire
(917) 769-8188
1 in this area
22 Total Sales
342 50th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,207,000 - $1,410,000
6
Beds
3
Baths
2,520
Sq Ft
$511/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 4-minute walk to 53 Street
- 4-minute walk to Pena Herrera Playground
- Heating System Uses Steam
- Back and Front Yard
About This Home
As of May 20212 Family Brick in the heart of Sunset Park, preserved with lots of original wood details. This legal two family, 3 story plus full basement property is perfect to live in and collect rent or is also a great opportunity for an investor. It's location has become one of the most desirable neighborhoods in NYC with its amazing views of the Manhattan skyline and the Statue of Liberty. It is close to a variety of shops and restaurants along 5th and 8th Avenue, and within walking distance to Industry City, the waterfront area and the Soho of Sunset Park. Short distance to the Ferry and NYU Hospital. Easy access to highways and subway.
Last Agent to Sell the Property
Keller Williams Realty Empire Listed on: 11/16/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,929
Year Built
- Built in 1910
Lot Details
- 2,003 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back and Front Yard
Home Design
- Brick Exterior Construction
- Block Foundation
- Rubber Roof
Interior Spaces
- 2,520 Sq Ft Home
- 3-Story Property
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
- Stove
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 790
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $2,100
- Utility Expense $148
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2020
Closed on
May 25, 2021
Sold by
Lin Elena and Lin Erik
Bought by
Gao Xing and Zeng Ge Yong
Seller's Agent
Herng-Hwa (Lynn) Sheu
Keller Williams Realty Empire
Buyer's Agent
Eufemia (Lolita) Andrade
Hometown Properties
Sold Price
$1,280,000
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
$6,635
Avg. Annual Appreciation
0.11%
Original Mortgage
$1,000,000
Outstanding Balance
$903,401
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$383,234
Purchase Details
Listed on
Jul 5, 2017
Closed on
Sep 29, 2017
Sold by
Colon Evelyn
Bought by
Lin Elena and Lin Erik
Seller's Agent
Eufemia (Lolita) Andrade
Hometown Properties
Buyer's Agent
Eufemia (Lolita) Andrade
Hometown Properties
Sold Price
$1,230,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.10%
Original Mortgage
$984,000
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 14, 1998
Sold by
Pineiro Luis M
Bought by
Colon Hector and Colon Evelyn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,041
Interest Rate
7.03%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gao Xing | $1,280,000 | -- | |
| Lin Elena | $1,230,000 | -- | |
| Colon Hector | $201,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gao Xing | $1,000,000 | |
| Previous Owner | Lin Elena | $984,000 | |
| Previous Owner | Colon Hector | $195,041 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/25/2021 05/25/21 | Sold | $1,280,000 | +4.1% | $508 / Sq Ft | |
| 11/16/2020 11/16/20 | Pending | -- | -- | -- | |
| 09/29/2017 09/29/17 | Sold | $1,230,000 | -- | $488 / Sq Ft | View Prior Sale |
| 07/05/2017 07/05/17 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
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 | $5,526 | $77,820 | $16,380 | $61,440 |
| 2024 | $5,526 | $81,420 | $16,380 | $65,040 |
| 2023 | $5,312 | $86,880 | $16,380 | $70,500 |
| 2022 | $4,928 | $81,840 | $16,380 | $65,460 |
| 2021 | $4,901 | $68,820 | $16,380 | $52,440 |
| 2019 | $4,797 | $67,440 | $16,380 | $51,060 |
| 2018 | $4,443 | $21,795 | $6,090 | $15,705 |
| 2017 | $3,894 | $20,571 | $5,181 | $15,390 |
| 2016 | $3,570 | $19,407 | $6,573 | $12,834 |
| 2015 | $2,121 | $19,407 | $6,350 | $13,057 |
| 2014 | $2,121 | $19,108 | $7,501 | $11,607 |
Source: Public Records
Agents Affiliated with this Home
-
Herng-Hwa (Lynn) Sheu
-
Eufemia (Lolita) Andrade
Seller Co-Listing Agent in 2021
Eufemia (Lolita) Andrade
Hometown Properties
(718) 921-7018
8 in this area
43 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 445424
APN: 00790-0024
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