NOT LISTED FOR SALE

Estimated Value: $2,178,164

-- Bed
-- Bath
3,300 Sq Ft
$660/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $2,000,000 $606 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $14,886/month

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Back Yard
  • I.S. 223 The Montauk Rated A-

About This Home

As of September 2022

AMAZING 8th AVENUE RENOWNED LOCATION- LEGAL 2 FAMILY + OFFICE + STOREFRONT MIXED-USE BUILDING USED AS A LARGE 3 STORY, 2 FAMILY OVER A STORE OVER A FULL BASEMENT + BIG BACKYARD; PERFECTLY SITUATED ON HIGH TRAFFIC/HIGH VISIBILITY 8th AVENUE, IN SENSATIONAL SUNSET PARK- SURROUNDED BY ALL THE MOST ESSENTIAL AMENITIES... THIS AWESOME BUILDING IS IN EXCELLENT CONDITION, AND HAS THREE SEPARATE HEATING SYSTEMS & THREE HOT-WATER TANKS FOR EACH UNIT(TENANTS PAY THEIR OWN HEAT & HOT WATER)… CURRENTLY CONFIGURED AS A 4 BEDROOM- 2 FULL BATHROOM UNIT OVER ANOTHER 4 BEDROOM-2 FULL BATHROOM UNIT OVER LARGE STORE OVER FULL BASEMENT... AN OUTSTANDING OPPORTUNITY FOR ANY END-USER BUSINESS OWNER OR IDEAL AS A HIGH INCOME INVESTMENT PROPERTY... PRICED RIGHT AND EXTREMELY COMPETIVELY FOR TODAY'S ACTIVE MARKET- THERE WILL SURELY BE PLENTY OF EXCITEMENT & BUYER ENTHUSIASM SURROUNDING THIS ALMOST TOO GOOD TO BE TRUE BUILDING... DON'T MISS YOUR CHANCE TO OWN A TRULY PRIZED PIECE OF REAL ESTATE; IN ONE OF BROOKLYN'S MOST SOUGHT-AFTER NEIGHBORHOODS...

Last Agent to Sell the Property

Billy Apter

RE/MAX Real Estate Professiona Listed on: 01/14/2022

RE/MAX Real Estate Professiona

Co-Listed By

Vito Angelo

RE/MAX Real Estate Professionals License #40AN0957928

RE/MAX Real Estate Professionals

Last Buyer's Agent

Vito Angelo

RE/MAX Real Estate Professionals License #40AN0957928

RE/MAX Real Estate Professionals

Property Details

Property Type

  • Other

Year Built

  • Built in 1931

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard
  • Property is zoned R6

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,300 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 732

Property Details

Property Type

Other

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Full, Separate Entrance
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Co List Office Mls Id: 114610
  • Co List Office Phone: (718) 532-2000
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 43rd St
  • Cross Street Name2: 44th St
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3300
  • Building Stories: 3
  • Street Name I D X: 8th
  • Year Built: 1931
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 42
  • Roof: Flat

Utilities

  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Sep 1, 2022
Sold by
Willmore State Inc
Bought by
Eight Nyc Holdings Llc
Seller's Agent
Billy Apter
RE/MAX Real Estate Professiona
Buyer's Agent
Vito Angelo
RE/MAX Real Estate Professionals
Sold Price
$2,000,000
Current Estimated Value
$2,178,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,164
Avg. Annual Appreciation
2.60%
Original Mortgage
$600,000
Outstanding Balance
$572,014
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,606,150

Purchase Details

Closed on
Apr 16, 2002
Sold by
Sciascia Oscar
Bought by
Willmore State Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
7.13%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eight Nyc Holdings Llc $2,000,000 --
Willmore State Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eight Nyc Holdings Llc $600,000
Previous Owner Willmore State Inc $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2022 09/01/22 Sold $2,000,000 -- $606 / Sq Ft
01/14/2022 01/14/22 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 $41,688 $370,800 $12,600 $358,200
2024 $41,688 $333,450 $12,600 $320,850
2023 $38,503 $379,800 $12,600 $367,200
2022 $35,558 $383,850 $12,600 $371,250
2021 $35,651 $370,800 $12,600 $358,200
2020 $17,837 $394,650 $12,600 $382,050
2019 $32,887 $328,860 $12,600 $316,260
2018 $30,709 $241,444 $11,101 $230,343
2017 $28,435 $223,560 $10,886 $212,674
2016 $19,964 $207,000 $12,600 $194,400
2015 $10,519 $182,700 $12,600 $170,100
2014 $10,519 $181,800 $12,600 $169,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 458281

Brooklyn Board of REALTORS®

APN: 00732-0042