NOT LISTED FOR SALE

Estimated Value: $1,402,000 - $1,662,362

6 Beds
3 Baths
2,760 Sq Ft
$555/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $1,540,000 $558 Per Sq Ft

Current estimated payment $8,614/month

33 Days on Market

Highlights

  • Cooling Available
  • 4-minute walk to Bay Ridge Avenue
  • Patio
  • P.S./I.S. 30 - The Mary White Ovington School Rated A-

About This Home

As of September 2024

Welcome to 437 72nd Street, a move-in condition, 6 bed/3bath barrel front two-family limestone filled with original details on a tree-lined street in Bay Ridge!This expansive 20-foot-wide townhouse presents a wonderful opportunity to live in your home while earning rental income or create a sprawling single-family residence. It's currently configured as a 2-bedroom rental over an owner's triplex.

The garden level features a sunny, south-facing living room and a formal dining room that leads to a bright, open, eat-in kitchen with stainless-steel appliances including a dishwasher. A glass door off the kitchen leads to a lush, landscaped backyard and garden complete with a fountain. This serene oasis is perfect for sipping your morning coffee, relaxing after a long day, or entertaining guests at your next BBQ. This garden level also features a renovated bathroom with a shower and an additional bedroom perfect for guests.

The parlor level has three sun-filled bedrooms - the spacious primary bedroom is currently being used as a home office/living room featuring oversized south-facing bay windows that bathe the room in natural light. This level also has a fully renovated bathroom with a tub.

The upper-level houses the bright and spacious two-bedroom rental which features a third south-facing living room, a formal dining room, an updated kitchen with a washer/dryer and a renovated bathroom. The basement has high ceilings and currently serves as a workshop, storage area, and laundry room but could easily be converted to additional living space.

Additional features include tin ceilings, hardwood floors, pocket doors, built-ins, picture moldings, wainscoting, decorative fireplaces, ceiling fans, walk-in closets, and abundant storage space.

Ideally located close to the subway and shops, restaurants, and cafes on 3rd and 5th Avenues, and just minutes from nearby greenspaces, dog runs, waterfront parks, playgrounds, and the NYC ferry.

Last Agent to Sell the Property

Gina Bartnik

Corcoran Group License #10301219477 Listed on: 05/28/2024

Corcoran Group

Co-Listed By

Kevin Bartnik

Corcoran Group License #10401352245

Last Buyer's Agent

Direct Deal Listing

Direct Deal License #A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,904

Year Built

  • Built in 1905

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100.00x20.00

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,760 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Additional Features

  • Patio
  • Cooling Available

Community Details

  • 2 Units
  • Bay Ridge Subdivision

Listing and Financial Details

  • Legal Lot and Block 0076 / 05892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,904

Year Built

Built in 1905

Lot Details

2,000 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • Entry Level: 1
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Features: Smoke Free
  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2760.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 6

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Washer Hookup, In Unit
  • Green Building Features: Green Building
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2000.0
  • Lot Size Dimensions: 100.00x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1905

Tax Info

  • Tax Block: 05892
  • Tax Lot: 0076
  • Tax Annual: 8904.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Sep 23, 2024
Sold by
Gates Stephen L and Gates Valerie C
Bought by
Fahimi Azin and Nourbakhsh Sepideh
Seller's Agent
Gina Bartnik
Corcoran Group
Buyer's Agent
Direct Deal Listing
Direct Deal
List Price
$1
Sold Price
$1,540,000
Premium/Discount to List
$1,539,999
153999900%
Views
32
Current Estimated Value
$1,532,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,159
Avg. Annual Appreciation
-0.33%
Original Mortgage
$1,078,000
Outstanding Balance
$1,061,727
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$471,114

Purchase Details

Closed on
Sep 1, 2004
Sold by
E/O Marian A Haney By Kevin H Greene
Bought by
Gates Stephen L and Gates Valerie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.02%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Fahimi Azin $1,540,000 --
Fahimi Azin $1,540,000 --
Gates Stephen L $650,000 --
Gates Stephen L $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fahimi Azin $1,078,000
Closed Fahimi Azin $1,078,000
Previous Owner Gates Stephen L $97,500
Previous Owner Gates Stephen L $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2024 09/24/24 Price Changed $1,540,000 0.0% $558 / Sq Ft
09/23/2024 09/23/24 Sold $1,540,000 +153999900.0% $558 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $1 -- $0 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $8,618 $95,040 $14,820 $80,220
2024 $8,618 $85,260 $14,820 $70,440
2023 $8,205 $84,960 $14,820 $70,140
2022 $8,193 $77,760 $14,820 $62,940
2021 $8,387 $81,480 $14,820 $66,660
2020 $7,989 $76,920 $14,820 $62,100
2019 $7,431 $62,160 $14,820 $47,340
2018 $6,804 $34,836 $9,067 $25,769
2017 $6,802 $34,836 $7,621 $27,215
2016 $6,457 $34,572 $9,353 $25,219
2015 $3,744 $32,616 $9,589 $23,027
2014 $3,744 $30,770 $10,013 $20,757
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10979949

Real Estate Board of New York (REBNY)

APN: 05892-0076

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