NOT LISTED FOR SALE

Estimated Value: $970,000 - $1,419,000

4 Beds
3 Baths
2,080 Sq Ft
$534/Sq Ft Est. Value

Last Sold March 04, 2019

Last sale price $850,000 $409 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,346/month

Highlights

  • Wood Flooring
  • Back and Front Yard
  • 3-minute walk to Newkirk Avenue (2,5 Line)

About This Home

As of March 2019

Stunning, newly-renovated, solid-brick, multi-family property, just hitting the market in Flatbush! Rarely do we see such tremendous opportunities as this 3-family investment property, right in the heart of Flatbush which is an extremely exciting area! With a fresh, modern renovation, this beautiful home is ready to move right in and start making an impressive and lucrative rent roll from day one! The first floor is a 2-bedroom, 1-bathroom railroad style unit, with gorgeous, original parquet floors, updated kitchen with new appliances and lots of closet space. All living areas and bedrooms have multiple windows allowing for loads of natural sunlight, and this great apartment has exclusive access to the beautiful garden in back. Upstairs are 2 identical, 1-bedroom, 1-bathroom apartments, also fully renovated, with lovely parquet floors also ready to move right in! Additionally, there’s a full basement that runs the entire length of the house, with two entrances, so the possibilities are endless and the opportunity for immediate income is extraordinary. This exciting area is experiencing a revitalization effort, with new developments and the Kings Theater nearby! It’s just a few short blocks from the Newkirk Avenue 2 and 5 trains, and near all the great specialty food stores and shopping! Call today!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,161

Year Built

  • Built in 1932

Lot Details

  • 2,050 Sq Ft Lot
  • Lot Dimensions are 103 x 20
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,080 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 5193

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,161

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Borough: Brooklyn
  • Building Length: 57.00
  • 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: Avenue D
  • Cross Street Name2: Clarendon Rd
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Rooms Total Level3: 2
  • Fill Sq Ft Total: 2080
  • Building Stories: 2
  • Street Name I D X: 28
  • Year Built: 1932
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Hardwood
  • Lot Sq Ft: 2050

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 34
  • Roof: Flat

Utilities

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

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 103
  • Lot Size Width: 20
  • Zoning: R6

Tax Info

  • Flip Tax Amount: 5161.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2018
Closed on
Mar 4, 2019
Sold by
703 Franklin Ave Llc
Bought by
Joseph Deborah and Joseph Michael
Sold Price
$850,000
Current Estimated Value
$1,111,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,603
Avg. Annual Appreciation
4.00%
Original Mortgage
$637,500
Outstanding Balance
$558,192
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$553,411

Purchase Details

Closed on
Jul 27, 2018
Sold by
E 28Th Street Holdings Llc
Bought by
703 Franklin Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2016
Sold by
Walsh Jenneta
Bought by
E 28Th Street Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2007
Sold by
Walsh Jenneta
Bought by
Jenly Properties Llc

Purchase Details

Closed on
Nov 24, 2003
Sold by
Moorine Smith
Bought by
Jenneta Walsh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,400
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
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
Joseph Deborah $850,000 --
Joseph Deborah $850,000 --
703 Franklin Ave Llc $825,000 --
703 Franklin Ave Llc $825,000 --
E 28Th Street Holdings Llc $300,000 --
Walsh Jenneta -- --
E 28Th Street Holdings Llc $300,000 --
Walsh Jenneta -- --
Jenly Properties Llc -- --
Jenly Properties Llc -- --
Jenneta Walsh $370,000 --
Jenneta Walsh $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joseph Deborah $637,500
Closed Joseph Deborah $637,500
Previous Owner 703 Franklin Ave Llc $695,000
Previous Owner E 28Th Street Holdings Llc $400,000
Previous Owner Jenneta Walsh $37,800
Previous Owner Jenneta Walsh $302,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2019 03/04/19 Sold $850,000 +77172.7% $409 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
04/09/2013 04/09/13 Rented $1,100 +10.0% --
03/10/2013 03/10/13 Under Contract -- -- --
02/14/2013 02/14/13 For Rent $1,000 -- --
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 $6,468 $58,500 $20,520 $37,980
2024 $6,468 $68,820 $20,520 $48,300
2023 $6,170 $61,020 $20,520 $40,500
2022 $5,722 $49,920 $20,520 $29,400
2021 $6,016 $50,520 $20,520 $30,000
2020 $2,976 $52,980 $20,520 $32,460
2019 $5,614 $48,420 $20,520 $27,900
2018 $5,161 $25,318 $13,099 $12,219
2017 $4,869 $23,886 $10,820 $13,066
2016 $4,762 $23,820 $14,573 $9,247
2015 $2,718 $23,704 $15,410 $8,294
2014 $2,718 $22,364 $14,730 $7,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 422923

Brooklyn Board of REALTORS®

APN: 05193-0034