Seller's Agent in 2021
Juliette Pannone
Revived Residential
(646) 721-0113
1 in this area
13 Total Sales
365 88th St Unit 1 Brooklyn, NY 11209
Fort Hamilton NeighborhoodEstimated Value: $1,177,143 - $1,363,000
5
Beds
2
Baths
--
Sq Ft
2,004
Sq Ft Lot
Highlights
- Pre War Building
- 3-minute walk to 86 Street (R Line)
- Garden
- P.S. 264 Bay Ridge Elementary School for the Arts Rated A-
About This Home
As of October 2021Introducing 365 88th Street: a fully detached, 20' wide two family home in Bay Ridge! With flexible layouts, pre-war charm, and lots of light, this home offers the opportunity to function as an income producing property on one or both levels, or flexibility to be converted into a single family home.
Enter through a gracious foyer into a completely updated and extremely bright & spacious apartment, featuring original hardwood floors, recessed lighting, and CENTRAL AIR CONDITIONING. There is ample space for both a living and dining area in the sunny and welcoming front room. The charming south-facing sun room offers great flexibility: use it as a bedroom, an office space, or an extension of your living and dining areas! A renovated kitchen leads to your own private retreat with both a deck and an impressive 23' x 33' garden.
Up the stairs, you'll find a sunny second floor-thru apartment, bathed in light through its seven windows. This unit also includes CENTRAL A/C, hardwood floors, an updated kitchen and bath, and nearly 9' ceiling height. An extra room on this level can easily be used as a bedroom, office, or exercise space. Need more storage? A full size basement with a washer and dryer hookup allows for tons of flexibility and space to meet your needs!
Set on a 25' x 76' lot, this home is centrally and conveniently located to many locals' favorite eateries, clothing boutiques, specialty food stores, and notable shops. Near to 4th Avenue, you'll have easy access to the R train on 86th Street and a parking lot on 92nd Street. Opportunity awaits-- don't miss this one!
Last Agent to Sell the Property
Revived Residential License #10401224920 Listed on: 05/04/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,081
Year Built
- Built in 1920
Lot Details
- 2,004
Home Design
- Pre War Building
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Additional Features
- 2-Story Property
- Garden
Community Details
- 2 Units
- Bay Ridge Subdivision
Listing and Financial Details
- Tax Block 6049
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2021
Closed on
Oct 20, 2021
Sold by
365 88 Street Llc
Bought by
Cheng Shing Lai and Tang Vincent
Seller's Agent
Juliette Pannone
Revived Residential
List Price
$1,300,000
Sold Price
$1,155,000
Premium/Discount to List
-$145,000
-11.15%
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
$111,786
Avg. Annual Appreciation
2.55%
Original Mortgage
$924,000
Outstanding Balance
$850,461
Interest Rate
3.01%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$417,403
Purchase Details
Closed on
Jul 20, 2020
Sold by
Hernco Llc
Bought by
365 88 Street Llc
Purchase Details
Closed on
Oct 12, 2010
Sold by
Iosif Loiko As Trustee
Bought by
Hernco Llc
Purchase Details
Closed on
Dec 15, 2006
Sold by
Iosif Loiko Revocable Trust and Loiko
Bought by
Loiko Iosif and Loiko Yelena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,350
Interest Rate
6.14%
Purchase Details
Closed on
Mar 21, 2006
Sold by
Loiko Iosif and Loiko Yelena
Bought by
Iosif Loiko Revocable Trust and Iosif Loiko Trustee
Purchase Details
Closed on
Mar 13, 2003
Sold by
Loiko Iosif and Loiko Yelena
Bought by
Iosif And Yelena Loiko Revocable Trust and Loiko
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
5.86%
Purchase Details
Closed on
May 19, 2000
Sold by
Kavakos Peter
Bought by
Loiko Iosif and Loiko Yelena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
8.48%
Purchase Details
Closed on
Jun 7, 1996
Sold by
Kavakos Claire
Bought by
Kavakos Peter
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cheng Shing Lai | $1,155,000 | -- | |
| Cheng Shing Lai | $1,155,000 | -- | |
| 365 88 Street Llc | -- | -- | |
| 365 88 Street Llc | -- | -- | |
| Hernco Llc | $610,000 | -- | |
| Hernco Llc | $610,000 | -- | |
| Loiko Iosif | -- | -- | |
| Loiko Iosif | -- | -- | |
| Iosif Loiko Revocable Trust | -- | -- | |
| Iosif Loiko Revocable Trust | -- | -- | |
| Iosif And Yelena Loiko Revocable Trust | -- | -- | |
| Iosif And Yelena Loiko Revocable Trust | -- | -- | |
| Loiko Iosif | $230,000 | Commonwealth Land Title Ins | |
| Loiko Iosif | $230,000 | Commonwealth Land Title Ins | |
| Kavakos Peter | -- | Commonwealth Land Title Ins | |
| Kavakos Peter | -- | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cheng Shing Lai | $924,000 | |
| Closed | Cheng Shing Lai | $924,000 | |
| Previous Owner | Loiko Iosif | $71,350 | |
| Previous Owner | Loiko Iosif | $330,000 | |
| Previous Owner | Loiko Iosif | $33,874 | |
| Previous Owner | Loiko Iosif | $207,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2021 10/21/21 | Sold | $1,155,000 | -11.2% | -- |
| 09/21/2021 09/21/21 | Pending | -- | -- | -- |
| 05/04/2021 05/04/21 | For Sale | $1,300,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
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 | $7,081 | $63,360 | $13,800 | $49,560 |
| 2024 | $7,081 | $68,580 | $13,800 | $54,780 |
| 2023 | $6,810 | $77,160 | $13,800 | $63,360 |
| 2022 | $6,351 | $74,100 | $13,800 | $60,300 |
| 2021 | $6,334 | $81,240 | $13,800 | $67,440 |
| 2020 | $3,149 | $76,080 | $13,800 | $62,280 |
| 2019 | $6,146 | $65,340 | $13,800 | $51,540 |
| 2018 | $5,697 | $27,945 | $5,962 | $21,983 |
| 2017 | $5,404 | $26,512 | $7,066 | $19,446 |
| 2016 | $5,014 | $25,081 | $6,223 | $18,858 |
| 2015 | $2,797 | $25,081 | $9,346 | $15,735 |
| 2014 | $2,797 | $24,482 | $9,598 | $14,884 |
Source: Public Records
Agents Affiliated with this Home
-
Juliette Pannone
-
Christopher Sheller
Seller Co-Listing Agent in 2021
Christopher Sheller
Compass
(917) 576-2985
1 in this area
14 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10715744
APN: 06049-0048
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