Jessica Matute
JM Properties
(646) 828-1068
80 Total Sales
1 in Bay Ridge
$1,450,000 Price
417 85th St Brooklyn, NY 11209
Bay Ridge Neighborhood
--
Beds
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.
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2022
Closed on
Jul 28, 2022
Sold by
Liapis Demitra and Liapis Joanne
Bought by
Seller's Agent
Lou Guida
Keller Williams Realty Empire
Buyer's Agent
Lou Guida
Keller Williams Realty Empire
Sold Price
$1,275,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$629,059
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 21, 1997
Sold by
Liapes Maria
Bought by
Liapis Joanne and Liapis Demitra
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bay Ridge, NY
-
Jessica Matute
-
Christine Olivieri
Christine Olivieri
Ben Bay Realty Co
(866) 849-5388
34 Total Sales
4 in Bay Ridge
$340K - $1.5M Price Range
-
Mitchell Feldman
Mitchell Feldman
Responds Quickly(855) 629-2561
100 Total Sales
1 in Bay Ridge
$250,000 Price
-
Vincent Geraldi
Vincent Geraldi
Coldwell Banker Advantage
(646) 502-6217
18 Total Sales
1 in Bay Ridge
$1,090,000 Price
-
Charles Farraj
Charles Farraj
Responds QuicklyWeichert Realtors 1st Premier
(646) 971-1880
18 Total Sales
3 in Bay Ridge
$310K - $1.1M Price Range
-
Isabel Zhen
Isabel Zhen
King Zone Realty Inc
(646) 518-2904
12 Total Sales
1 in Bay Ridge
$1,150,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,275,000 | -- | ||
| Liapis Joanne | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $665,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $24,958 | $506,250 | $8,100 | $498,150 |
| 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
Seller's Agent in 2022
Lou Guida
Keller Williams Realty Empire
(917) 200-3505
2 in this area
27 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 459050
APN: 06026-0077
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