NOT LISTED FOR SALE

Estimated Value: $1,444,000 - $1,740,000

9 Beds
3 Baths
2,040 Sq Ft
$760/Sq Ft Est. Value

Last Sold February 27, 2019

Last sale price $1,165,000 $571 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $8,655/month

Highlights

  • Wood Flooring
  • 3-minute walk to 45 Street
  • 2-minute walk to Pena Herrera Playground
  • Back Yard

About This Home

As of February 2019

Tremendous, multi-family, investment property, just arriving to market in the heart of Sunset Park! Rarely do we see such exceptional investment opportunities, right on 47th street, between 3rd and 4th Avenue’s and just 2 blocks from the R train and 3 blocks from Sunset Park itself! This 3-story, legal 2-family home is poised for maximum return as a rental property and will be delivered vacant! The first floor is at the walk-in level, which has 2-bedrooms, 1-bathroom, a living room, dining room and kitchen that leads out to the back garden. The second floor is currently set-up as 4-bedrooms and 1-bathroom, and the top floor is a 3-bedroom, 1-bathroom unit, complete with living room and kitchen. There’s also a fully finished basement below, complete with kitchenette and bath. The backyard is enormous, with loads of potential for gardening or entertaining! This area is truly an exciting place to be, with the train two blocks away, and the vibrant, newly renovated, Sunset Park, which features wide expanses of grass, recreation courts as well as an enormous swimming pool, it’s an exceptional opportunity! Call today!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,469

Lot Details

  • 2,003 Sq Ft Lot
  • Lot Dimensions are 102 x 20
  • Back Yard

Home Design

  • Flat Roof Shape
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 764

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,469

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level3: 1.00
  • Baths Total Level4: 1.00
  • Beds Total Level4: 3
  • Borough: Brooklyn
  • Building Length: 37.00
  • Building Width: 20.00
  • Co List Office Mls Id: 117790
  • Co List Office Phone: (718) 942-5952
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd Ave
  • Cross Street Name2: 4th Ave
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Rooms Total Level3: 4
  • Rooms Total Level4: 5
  • Fill Sq Ft Total: 2040
  • Building Stories: 3
  • Street Name I D X: 47
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 9
  • Flooring: Hardwood
  • Lot Sq Ft: 2003

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Block
  • Exterior: Vinyl Siding
  • Foundation Details: Block
  • Lot Number: 32
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 102
  • Lot Size Width: 20
  • Zoning: R6B

Tax Info

  • Flip Tax Amount: 3469.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Feb 21, 2019
Sold by
Lopez Antonio
Bought by
362 47Th Street Llc
Sold Price
$1,165,000
Current Estimated Value
$1,550,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,775
Avg. Annual Appreciation
4.24%
Original Mortgage
$650,000
Outstanding Balance
$567,969
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$982,806

Purchase Details

Closed on
Dec 1, 2004
Sold by
Velez Jose
Bought by
Lopez Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2000
Sold by
Cortes Hermida and Rodriguez Hermida
Bought by
Velez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,616
Interest Rate
8.3%
Mortgage Type
VA

Purchase Details

Closed on
Nov 20, 1996
Sold by
Cortes Hermida and Rodriguez Hermida
Bought by
Cortes Hermida
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
362 47Th Street Llc $1,165,000 --
362 47Th Street Llc $1,165,000 --
362 47Th Street Llc $1,165,000 --
Lopez Antonio $525,000 --
Lopez Antonio $525,000 --
Velez Jose $191,000 Commonwealth Land Title Ins
Velez Jose $191,000 Commonwealth Land Title Ins
Cortes Hermida -- Commonwealth Land Title Ins
Cortes Hermida -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 362 47Th Street Llc $650,000
Closed 362 47Th Street Llc $650,000
Previous Owner Lopez Antonio $462,000
Previous Owner Velez Jose $194,616
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2019 02/27/19 Sold $1,165,000 -- $571 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $7,517 $95,940 $16,260 $79,680
2024 $7,517 $94,440 $16,260 $78,180
2023 $7,601 $96,120 $16,260 $79,860
2022 $7,429 $78,660 $16,260 $62,400
2021 $4,056 $63,540 $16,260 $47,280
2020 $1,902 $64,260 $16,260 $48,000
2019 $3,597 $61,140 $16,260 $44,880
2018 $3,505 $17,196 $6,036 $11,160
2017 $3,469 $17,017 $5,264 $11,753
2016 $3,210 $16,059 $5,447 $10,612
2015 $1,936 $15,151 $4,596 $10,555
2014 $1,936 $14,330 $5,215 $9,115
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 422226

Brooklyn Board of REALTORS®

APN: 00764-0032