Seller's Agent in 2022
Lou Guida
Keller Williams Realty Empire
(917) 200-3505
3 in this area
27 Total Sales
417 85th St Brooklyn, NY 11209
Bay Ridge Neighborhood
--
Bed
6
Baths
3,480
Sq Ft
2,475
Sq Ft Lot
Highlights
- Wood Flooring
- 1-minute walk to 86 Street (R Line)
- Back Yard
- P.S./I.S. 104 The Fort Hamilton School Rated A-
- Heating System Uses Steam
About This Home
As of July 2022This is a 6 Family Property consisting of all 3 room 1 Bedroom apartments. 5 of the 6 units are currently occupied. 1 of the 6 is currently vacant. The condition of the property is Excellent! No Violations, No Headaches. Great Cashflow! The location is ideally located in a highly desirable area for prospective tenants. The owner never had an issue with renting these apartments. It is a "Cash Cow" Cap Rate is 4%. Seller is motivated and ready to sell open to hearing all offers. Make this property one of your newest additions to your real estate investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,290
Year Built
- Built in 1922
Lot Details
- 2,475 Sq Ft Lot
- Lot Dimensions are 100 x 25
- Back Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 6 Full Bathrooms
- 3,480 Sq Ft Home
- 3-Story Property
- Unfinished Basement
Flooring
- Wood
- Tile
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6026
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $10,000
- Insurance Expense $4,722
- Utility Expense $720
- Gross Income $104,388
- Net Operating Income $60,656
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2022 07/28/22 | Sold | $1,275,000 | -- | $366 / Sq Ft |
| 02/15/2022 02/15/22 | 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 | $23,126 | $422,100 | $8,100 | $414,000 |
| 2024 | $23,126 | $378,000 | $8,100 | $369,900 |
| 2023 | $21,014 | $352,350 | $8,100 | $344,250 |
| 2022 | $20,290 | $306,000 | $8,100 | $297,900 |
| 2021 | $18,843 | $324,000 | $8,100 | $315,900 |
| 2019 | $17,946 | $338,400 | $8,100 | $330,300 |
| 2018 | $16,760 | $131,770 | $3,621 | $128,149 |
| 2017 | $16,225 | $127,567 | $4,050 | $123,517 |
| 2016 | $15,233 | $118,157 | $4,254 | $113,903 |
| 2015 | $9,886 | $118,142 | $5,100 | $113,042 |
| 2014 | $9,886 | $109,456 | $3,840 | $105,616 |
Source: Public Records
Agents Affiliated with this Home
-
Lou Guida
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 459050
APN: 06026-0077
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