Seller's Agent in 2020
John Reinhardt
eXp Realty BKNY
(888) 883-8509
2 in this area
17 Total Sales
3842 Flatlands Ave Brooklyn, NY 11234
Marine Park NeighborhoodEstimated Value: $820,881
Studio
--
Bath
2,600
Sq Ft
$316/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Fenced Yard
- Back Yard
- PS 222 Katherine R Snyder Rated A
- Heating System Uses Steam
- 1-minute walk to Sarsfield Playground
About This Home
As of June 2020Investment Opportunity - This is a handyman special, but it's in a an area that is in high demand.
Collect rent from 3 tenants and one store or live in one of the apartments that are on a month to month basis.
The building requires a major renovation cosmetically but the bones seem to be all good and working.
Flatlands Avenue is heavily trafficked and is only a few blocks from Mt Sanai Kings Highway Hospital. There are ample schools and houses of worship in the community and there is a park across the street.
You're only a stone's throw from one of Brooklyn's most famous commercial strips...FLATBUSH AVE.
This is a true diamond in the rough. The building is currently underperforming and with the proper care and improvements, it can become a beautiful shiny opportunity in an area that is buzzing with excitement.
If you're looking for a project that can be most rewarding financially, then you owe it to yourself to come and see this special opportunity.
Property Details
Property Type
- Other
Est. Annual Taxes
- $12,685
Year Built
- Built in 1931
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 20x100
- Fenced Yard
- Back Yard
- Property is zoned R3-2
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Plaster Walls
Interior Spaces
- 2,600 Sq Ft Home
- 2-Story Property
- Ceiling height between 8 to 10 feet
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 7858
Community Details
Overview
- 3 Units
Building Details
- 1 Vacant Unit
- Fuel Expense $3,900
- Insurance Expense $2,800
- Utility Expense $2,400
- Gross Income $55,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2020
Closed on
Jun 5, 2020
Sold by
Musante Veronica and Shay Veronica
Bought by
3842 Flatlands Llc
Seller's Agent
John Reinhardt
eXp Realty BKNY
Buyer's Agent
John Reinhardt
eXp Realty BKNY
Sold Price
$680,000
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
$140,881
Avg. Annual Appreciation
3.36%
Original Mortgage
$510,000
Outstanding Balance
$452,919
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$367,962
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 3842 Flatlands Llc | $680,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 3842 Flatlands Llc | $510,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2020 06/05/20 | Sold | $680,000 | -- | $262 / Sq Ft |
| 01/10/2020 01/10/20 | 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 | $16,529 | $181,800 | $62,550 | $119,250 |
| 2024 | $16,529 | $151,650 | $62,550 | $89,100 |
| 2023 | $15,017 | $140,850 | $62,550 | $78,300 |
| 2022 | $13,869 | $144,000 | $62,550 | $81,450 |
| 2021 | $12,875 | $126,000 | $62,550 | $63,450 |
| 2020 | $11,455 | $152,100 | $62,550 | $89,550 |
| 2019 | $12,826 | $190,350 | $62,550 | $127,800 |
Source: Public Records
Agents Affiliated with this Home
-
John Reinhardt
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 435833
APN: 07858-0045
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
Nearby Homes
- 1532 Kimball St
- 1513 Kimball St
- 3524 Avenue M
- 1443 E 35th St
- 1345 E 38th St
- 3626 Kings Hwy
- 3626 Kings Hwy Unit 6C
- 3710 Avenue P
- 1632 E 38th St
- 3402 Kings Hwy
- 1628 Hendrickson St
- 1623 Hendrickson St Unit 1625
- 1649 E 37th St
- 1217 E 36th St
- 1344 E 35th St
- 2075 Flatbush Ave
- 4306 Avenue M
- 1569 E 34th St
- 2230 Troy Ave
- 1638 E 36th St
- 3840 Flatlands Ave
- 3840 Flatlands Ave Unit 1
- 3846 Flatlands Ave
- 3838 Flatlands Ave
- 1516 Kimball St
- 3836 Flatlands Ave
- 3834 Flatlands Ave
- 1520 Kimball St
- 3832 Flatlands Ave
- 1522 Kimball St
- 3850 Flatlands Ave
- 3830 Flatlands Ave
- 3852 Flatlands Ave
- 1515 Ryder St
- 3828 Flatlands Ave
- 1519 Ryder St
- 1526 Kimball St
- 3854 Flatlands Ave
- 1521 Ryder St
- 1408 E 38th St
Your Personal Tour Guide
Ask me questions while you tour the home.