NOT LISTED FOR SALE

Estimated Value: $760,000 - $1,080,000

4 Beds
2 Baths
-- Sq Ft
3,075 Sq Ft Lot

Last Sold September 17, 2024

Last sale price $750,000

Est. 26% increase in value since last sale

Current estimated payment $5,413/month

18 Days on Market

About This Home

As of September 2024

Offering a 2-family property without a Certificate of Occupancy, provided in its current condition with no implied warranties. The property, situated on a 30X102.5 lot (Block 05193 Lot 0027), lies in an Opportunity Zone between Clarendon and Ave D, creating a unique neighborhood near Prospect Lefferts Garden with convenient access to transportation and shopping. This property presents significant potential for expansion, whether by building onto the existing home, constructing additional floors, or applying for a larger multi-unit building. The Flatbush area of Brooklyn, rich in history, was once a wooded plain with farms, attracting early Dutch settlers to America. The neighborhood boasts Victorian architecture, a solid community charm, and a blend of new developments and industries shaping its future. Vibrant restaurants, diverse shopping options, and local businesses contribute to the area's unique character, making it an ideal place to establish roots and grow. If you seek a property to transform into your own vision, a home where you can create something extraordinary, we welcome you to explore this opportunity.

Last Agent to Sell the Property

David Castle

Keller Williams Realty Greater Brokerage Phone: 516-873-7100 License #10401344722 Listed on: 01/12/2024

Keller Williams Realty Greater

Last Buyer's Agent

David Castle

Keller Williams Realty Greater Brokerage Phone: 516-873-7100 License #10401344722 Listed on: 01/12/2024

Keller Williams Realty Greater

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,356

Year Built

  • Built in 1899

Lot Details

  • 3,075 Sq Ft Lot
  • Lot Dimensions are 30x102.5
  • No Common Walls

Parking

  • Off-Street Parking

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement

Schools

  • Andries Hudde Middle School
  • Brooklyn College Academy High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Exclusions: Craft/Table/Bench
  • Legal Lot and Block 27 / 5193
  • Assessor Parcel Number 05193-0027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,356

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Exclusions: Craft/Table/Bench
  • Year Built: 1899
  • New Construction: No
  • Attribution Contact: 516-873-7100
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Unfinished, Walk-Out Access
  • Total Bedrooms: 4
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Frame
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Off Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: None

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Andries Hudde School

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 30x102.5
  • Lot Size Sq Ft: 3075
  • Lot Size Units: Acres
  • Parcel Number: 05193-0027
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 5356
  • Tax Block: 5193
  • Tax Lot: 27
  • Tax Map Number: 05193-0027

MLS Schools

  • High School: Brooklyn College Academy
  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Sep 16, 2024
Sold by
Kings Group Development Llc
Bought by
Essence 1 Holdings Llc
Seller's Agent
David Castle
Keller Williams Realty Greater
Buyer's Agent
David Castle
Keller Williams Realty Greater
List Price
$785,000
Sold Price
$750,000
Premium/Discount to List
-$35,000
-4.46%
Views
49
Current Estimated Value
$943,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,953
Avg. Annual Appreciation
19.68%
Original Mortgage
$751,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2018
Sold by
Estate Of Elaine Holmes and %
Bought by
Kings Group Development Llc

Purchase Details

Closed on
Feb 25, 2000
Sold by
Starks Juanita
Bought by
Holmes Elaine and Holmes Byron R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Essence 1 Holdings Llc $750,000 --
Essence 1 Holdings Llc $750,000 --
Kings Group Development Llc $640,000 --
Kings Group Development Llc $640,000 --
Kings Group Development Llc $640,000 --
Holmes Elaine -- --
Holmes Elaine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Essence 1 Holdings Llc $751,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2024 09/17/24 Sold $750,000 -4.5% --
01/31/2024 01/31/24 Pending -- -- --
01/12/2024 01/12/24 For Sale $785,000 -- --
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

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 $5,615 $64,380 $19,740 $44,640
2024 $5,615 $61,560 $19,740 $41,820
2023 $5,357 $65,220 $19,740 $45,480
2022 $4,967 $55,200 $19,740 $35,460
2021 $5,237 $60,540 $19,740 $40,800
2020 $3,927 $46,080 $19,740 $26,340
2019 $4,873 $46,080 $19,740 $26,340
2018 $4,480 $21,979 $10,029 $11,950
2017 $4,227 $20,736 $9,024 $11,712
2016 $4,145 $20,736 $12,182 $8,554
2015 $2,359 $20,578 $10,658 $9,920
2014 $2,359 $19,414 $8,552 $10,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3525313

OneKey® MLS

APN: 05193-0027