NOT LISTED FOR SALE

Estimated Value: $789,998 - $1,079,000

6 Beds
2 Baths
2,048 Sq Ft
$449/Sq Ft Est. Value

Last Sold January 24, 2023

Last sale price $710,000 $347 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,482/month

68 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to Norwood Avenue (J,Z Lines)
  • Hot Water Heating System
  • Antique Architecture
  • Park
  • 1-minute walk to Highland Park

About This Home

As of January 2023

Here is your opportunity to put your unique touch on a property full of that original old world Brooklyn charm. 37 Hale is 2 family house located in Cypress Hills Brooklyn right at the foot of the luscious Highland Park and the Ridgewood Reservoir also known for its amazing bike and walking trails, views of the city, and access to tennis, basketball and baseball areas and the Cypress Hills YMCA which has an indoor pool. Access to transportation is a breeze via the Jackie Robinson Expressway and the J/Z train at Norwood Avenue. The home boasts 6 beds and 2 full baths plus a full height unfinished basement which can be converted into additional living space. The home boasts tall 10-foot ceilings and original moldings that can be restored. You also have an enclosed yard for outdoor entertaining. With a blank canvas like this the possibilities are endless. Schedule your architect and bring your contractor, you won't be disappointed.

Last Agent to Sell the Property

Scarla Pineda

Peace of Mind Realty License #10311209866 Listed on: 07/21/2022

Last Buyer's Agent

Scarla Pineda

Peace of Mind Realty License #10311209866 Listed on: 07/21/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,679

Year Built

  • Built in 1910

Lot Details

  • 2,284 Sq Ft Lot
  • Lot Dimensions are 22.5x101.5
  • No Common Walls

Parking

  • Shared Driveway

Home Design

  • 2,048 Sq Ft Home
  • Antique Architecture
  • Frame Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 89 Cypress Hills Elementary School
  • Is 171 Abraham Lincoln Middle School
  • Transit Tech Career And Tech Edu High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Septic Needed

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Legal Lot and Block 1 / 3916
  • Assessor Parcel Number 03916-0001

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,679

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Antique/Hist
  • Property SubType: Multi Family
  • Property Condition: Needs TLC
  • Year Built: 1910
  • New Construction: No
  • Attribution Contact: 347-221-0100
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Total Bedrooms: 6
  • Living Area: 2048.00
  • Kitchens: 2
  • Square Footage: 2048.00

Exterior Features

  • Construction Materials: Frame
  • Flood Zone Date: 2022-07-25
  • Flood Zone Report: Yes

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Shared Driveway, Other

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Septic Needed
  • Water Source: Public

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Ps 89 Cypress Hills
  • Middle School: Is 171 Abraham Lincoln
  • High School: Transit Tech Career And Tech Edu
  • Middle School: Is 171 Abraham Lincoln

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Area: 0.0500
  • Lot Dimensions: 22.5x101.5
  • Lot Size Sq Ft: 2284.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03916-0001
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2023-01-24
  • Tax Annual Amount: 4679.00
  • Tax Block: 3916
  • Tax Lot: 1
  • Tax Map Number: 03916-0001

Multi Family

  • Units Total: 2
  • Three Bedrooms: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Ps 89 Cypress Hills
  • High School: Transit Tech Career And Tech Edu
  • Middle School District: Brooklyn 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Dec 6, 2022
Sold by
Shelley Surviving Tenant Alice M
Bought by
Ortiz Michael and Ortiz Rosa
Seller's Agent
Scarla Pineda
Peace of Mind Realty
Buyer's Agent
Scarla Pineda
Peace of Mind Realty
List Price
$875,000
Sold Price
$710,000
Premium/Discount to List
-$165,000
-18.86%
Views
7
Current Estimated Value
$918,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,750
Avg. Annual Appreciation
8.75%
Original Mortgage
$568,000
Outstanding Balance
$552,643
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$325,873
Source: Public Records

Range of Values:

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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
Ortiz Michael $710,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ortiz Michael $568,000
Previous Owner Shelley Alice M $50,000
Previous Owner Shelley Alice M $41,959
Previous Owner Shelley Alice M $225,000
Previous Owner Sheelley Alice M $200,000
Previous Owner Shelley Leander A $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2023 01/24/23 Sold $710,000 -10.7% $347 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
08/19/2022 08/19/22 Price Changed $795,000 -9.1% $388 / Sq Ft
07/21/2022 07/21/22 For Sale $875,000 -- $427 / Sq Ft
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 $5,717 $41,580 $15,480 $26,100
2024 $5,717 $48,900 $15,480 $33,420
2023 $5,762 $43,200 $15,480 $27,720
2022 $4,748 $35,340 $15,480 $19,860
2021 $4,853 $36,840 $15,480 $21,360
2020 $3,640 $44,700 $15,480 $29,220
2019 $4,303 $45,180 $15,480 $29,700
2018 $4,161 $23,644 $10,740 $12,904
2017 $3,955 $22,572 $10,474 $12,098
2016 $1,560 $21,825 $12,541 $9,284
2015 $226 $20,736 $11,761 $8,975
2014 $226 $19,767 $13,443 $6,324
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3417710

OneKey® MLS

APN: 03916-0001