NOT LISTED FOR SALE

Estimated Value: $1,565,000 - $2,047,123

7 Beds
6.5 Baths
2,800 Sq Ft
$636/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $1,680,000 $600 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,437/month

Highlights

  • Wood Flooring
  • 2-minute walk to 59 Street (N,R Line)
  • Back and Front Yard
  • Junior High School 227 Edward B Shallow Rated A-
  • Hot Water Heating System

About This Home

As of July 2018

Newly converted 3 family house in the heart of Sunset Park. Buy it, live there. Have your tenants pay your mortgage or even better use it as an investment property. It's very owner friendly. Tenants pay their own gas for heat and hot water. No more calls from tenants in need of more heat. There's a separate heat and hot water system for each unit. 6.5 bathrooms, 4 electric meters and 4 gas meters. Newly installed sprinkler system. 1st floor with extension. 20 x 53 sq. ft. Basement, 2nd and 3rd floor, 20 x 43 sq. ft.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,600

Year Built

  • Built in 1910

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back and Front Yard

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Stone Foundation
  • Poured Concrete
  • Rubber Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 3-Story Property
  • Stove
  • Washer
  • Partially Finished Basement

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5782

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,600
  • Gross Income $90,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,600

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Semi-Finished
  • Total Bathrooms: 7.00
  • Baths Total Level1: 0.50
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Baths Total Level4: 2.00
  • Beds Total Level2: 2
  • Beds Total Level3: 2
  • Beds Total Level4: 3
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1060
  • Building Length: 53.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4th Avenue
  • Cross Street Name2: 5th Avenue
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove, Washer
  • Rooms Total Level2: 6
  • Rooms Total Level3: 4
  • Rooms Total Level4: 5
  • Fill Sq Ft Total: 2800
  • Building Stories: 3
  • Street Name I D X: 60
  • Street Number I D X: 426
  • Year Built: 1910
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 6
  • Basement Half Bathrooms: 1
  • Total Bedrooms: 7
  • Flooring: Ceramic, Hardwood, Tile
  • Lot Sq Ft: 2000
  • Total Rooms: 15

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block, Poured Concrete, Stone, Other
  • Lot Number: 15
  • Roof: Rubber

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6B

Rental Info

  • Rent Income: 90600

Multi Family

  • Annual Gross Income: 90600
  • Insurance Expense: 1600.00
  • Unit Count: 3

Tax Info

  • Flip Tax Amount: 5600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2018
Closed on
Jul 31, 2018
Sold by
Siu Kenneth
Bought by
Sik Mingtsung
Sold Price
$1,680,000
Current Estimated Value
$1,782,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,031
Avg. Annual Appreciation
0.82%

Purchase Details

Closed on
Dec 28, 2005
Sold by
Fay Lambrakos Admn Estate Of Steve Kapas
Bought by
Siu Kenneth

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
6.28%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Sik Mingtsung $1,680,000 --
Siu Kenneth $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siu Kenneth $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2018 07/31/18 Sold $1,680,000 -- $600 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
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 $11,423 $86,880 $27,720 $59,160
2024 $11,423 $91,560 $27,720 $63,840
2023 $10,897 $95,400 $27,720 $67,680
2022 $10,105 $82,800 $27,720 $55,080
2021 $10,050 $79,860 $27,720 $52,140
2020 $4,996 $77,340 $27,720 $49,620
2019 $9,932 $77,340 $27,720 $49,620
2018 $9,296 $45,600 $17,031 $28,569
2017 $7,786 $38,197 $9,718 $28,479
2016 $5,586 $27,945 $7,598 $20,347
2015 $3,370 $27,943 $8,401 $19,542
2014 $3,370 $27,717 $10,000 $17,717
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 419219

Brooklyn Board of REALTORS®

APN: 05782-0015