NOT LISTED FOR SALE

Estimated Value: $1,270,000 - $1,667,445

Studio
2.5 Baths
1,030 Sq Ft
$1,431/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $1,275,000 $1,238 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $9,428/month

Highlights

  • 4,900 Sq Ft lot
  • 4-minute walk to 86 Street (R Line)
  • Back and Side Yard
  • P.S. 264 Bay Ridge Elementary School for the Arts Rated A-
  • 6 Car Detached Garage
  • Cooling Available

About This Home

As of July 2021

Bay Ridge - First time on the market! Unique 2 family house with a private driveway situated on a massive 4,900 SF lot. The first-floor 1 bedroom apartment, offers an exceptionally large living room, a spacious kitchen with an eating area with a door that gives access from the house to the back yard and the parking area. The second and third-level apartment features an updated kitchen with stainless steel appliances, a generous size eating area, and a large living room. A staircase leads to the third floor where there are 2 spacious bedrooms and one full bathroom. The basement is used as storage space and utility room. There is a detached 3 cars garage, private driveway that leads to a huge fenced-in backyard with an additional 3 cars parking and another detached storage area.

Last Agent to Sell the Property

Frank Di Marco

RE/MAX Edge License #10301215378 Listed on: 05/04/2021

RE/MAX Edge

Last Buyer's Agent

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,069

Lot Details

  • 4,900 Sq Ft Lot
  • Lot Dimensions are 98x100x137.5
  • Irregular Lot
  • Back and Side Yard

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Cellar
  • Stove

Flooring

  • Parquet
  • Carpet
  • Ceramic Tile

Parking

  • 6 Car Detached Garage
  • Private Driveway

Utilities

  • Cooling Available
  • Heating System Uses Steam
  • Heating System Uses Oil
  • 110 Volts
  • Oil Water Heater

Listing and Financial Details

  • Tax Block 6064

Community Details

Building Details

  • Fuel Expense $3,000
  • Insurance Expense $2,200

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,069

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Unfinished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3rd Avenue
  • Cross Street Name2: 4th Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 6+ Spaces, Detached Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Stove
  • Building Stories: 3
  • Street Name I D X: 89
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Flooring: Carpeting, Ceramic, Parquet
  • Lot Sq Ft: 4900

Exterior Features

  • Yard: Back, Side
  • Exterior Building Type: Detached
  • Construction Type: Wood Frame
  • Exterior: Vinyl Siding
  • Foundation Details: Poured Concrete
  • Lot Number: 23
  • Roof: Pitched, Shingle

Utilities

  • Air Conditioning Units: 1
  • Electric: 110 V, Circuit Breakers
  • Heating Fuel: Oil
  • Hot Water: Oil

Fee Information

  • Annual Fuel Expense: 3000.00

Lot Info

  • Lot Dimensions: 98x100x137.5
  • Lot Size Irregular: Yes
  • Lot Size Length: 100
  • Lot Size Width: 98
  • Zoning: R4-1

Multi Family

  • Insurance Expense: 2200.00
  • Unit Count: 2

Tax Info

  • Flip Tax Amount: 10069.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
Jul 26, 2021
Sold by
Palmiotto Michael and Palmiotto Rose
Bought by
Choi Raymond Man Wai and Choi Simon
Seller's Agent
Frank Di Marco
RE/MAX Edge
Buyer's Agent
NON MEMBER
Sold Price
$1,275,000
Current Estimated Value
$1,595,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,579
Avg. Annual Appreciation
3.29%
Original Mortgage
$1,020,000
Outstanding Balance
$924,917
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$549,444

Purchase Details

Closed on
Sep 3, 2005
Sold by
Palmiotto Michael and Palmiotto Rose
Bought by
Palmiotto Michael

Purchase Details

Closed on
Jun 17, 1998
Sold by
Palmiotto Guy
Bought by
Palmiotto Michael and Palmiotto Rose
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Choi Raymond Man Wai $1,275,000 --
Choi Raymond Man Wai $1,275,000 --
Choi Raymond Man Wai $1,275,000 --
Palmiotto Michael -- --
Palmiotto Michael -- --
Palmiotto Michael $250,000 Commonwealth Land Title Ins
Palmiotto Michael $250,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Raymond Man Wai $1,020,000
Closed Choi Raymond Man Wai $1,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $1,275,000 -- $1,238 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $11,528 $93,000 $39,540 $53,460
2024 $11,528 $92,640 $39,540 $53,100
2023 $10,998 $94,440 $39,540 $54,900
2022 $10,295 $82,560 $39,540 $43,020
2021 $10,014 $78,960 $39,540 $39,420
2020 $4,975 $93,660 $39,540 $54,120
2019 $9,713 $93,660 $39,540 $54,120
2018 $8,901 $45,126 $14,229 $30,897
2017 $8,461 $42,976 $15,056 $27,920
2016 $7,851 $40,825 $19,313 $21,512
2015 $4,670 $40,807 $28,272 $12,535
2014 $4,670 $39,860 $25,333 $14,527
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 450800

Brooklyn Board of REALTORS®

APN: 06064-0023