NOT LISTED FOR SALE

Estimated Value: $1,462,000 - $2,097,000

5 Beds
3.5 Baths
3,920 Sq Ft
$460/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $1,930,000 $492 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $10,599/month

27 Days on Market

About This Home

As of November 2023

Gorgeous, gut renovated two-family home for sale in prime Sunset Park, Brooklyn.

450 50th St is an elegantly designed townhouse on a tree-lined block. Renovated in 2018 as an owner's lower duplex with top floor rental, the bright and modern interior is sure to please.

The duplex features an extra-large open concept main floor, three spacious bedrooms, two and a half bathrooms, large backyard and a basement. Unit 2 is comprised of two bedrooms and one bath. Both units have Dishwashers and Washer/Dryers for your convenience.

The duplex is inspiring - created with form and function in mind. The spacious open layout can accommodate an array of living room/dining room configurations. A wall of built-ins provides room for storage or art displays. There is also a convenient built-in office area. The kitchen is elegantly designed with a Quartz marble countertop, and dramatic cobalt blue backsplash. This level is completed with a half bath. From the kitchen, you enter into the sprawling backyard, the perfect place to host barbecues or to simply escape the city without leaving your home.

On the next level, at the top of the stairs is a large area with more built-ins and space for relaxing. This floor has three spacious bedrooms. The master bedroom has a walk-in closet and can fit a King-size bed with ample space to fit additional furniture too. The ensuite bathroom features a towel warmer and a walk-in shower. There are mini-split AC units in every room. There is also a semi-finished basement which has ample space for a gym, play area or media room.

The second unit is laid out in an open concept with plenty of natural light. Comprises of two spacious bedrooms, an open kitchen with lots of cabinets, and a spacious living area. With its pristine condition, dishwasher, mini-splits for AC, and in-unit washer/dryer it is sure to fetch top rental income.

Renovations in 2018 included all new appliances, full bathrooms, new floors, new electrical panels, and plumbing. Custom millwork throughout the house, shelving, closets and cabinets. Staircases were reinforced for structural support.

Comprising 50 row houses framing 50th Street between Fourth and Fifth Avenues, the Sunset Park 50th Street Historic District is one of its neighborhood's finest historic blocks, significant for its cohesive rows of remarkably well-preserved brownstone houses representing the turn-of-the-century development of Sunset Park.

Close to Bush Terminal Park and Industry City. Located just 3 blocks from the R train and all the shopping around, this is an ideal location for your new home.

Last Agent to Sell the Property

Camille Mazurek Licensed as Cathy Mazurek

Douglas Elliman Real Estate License #10301221656 Listed on: 09/06/2023

Douglas Elliman Real Estate

Co-Listed By

Meghna Patel

Douglas Elliman Real Estate License #10401285584

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,120

Year Built

  • Built in 1901

Lot Details

  • 2,003 Sq Ft Lot
  • Lot Dimensions are 100.17x20.00

Interior Spaces

  • 3,920 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • No Cooling

Community Details

  • 2 Units
  • Sunset Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 0027 / 01824

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,120

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Sunset Park
  • Entry Level: 1
  • Structure Type: Townhouse
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Fireplace: No
  • Living Area: 3920.0
  • Living Area Units: Square Feet
  • Rooms (Total): 11
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2003.4
  • Lot Size Dimensions: 100.17x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1901

Tax Info

  • Tax Block: 01824
  • Tax Lot: 0027
  • Tax Annual: 9120.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Nov 17, 2023
Sold by
Spengemann Chelsea and Spengemann Pascal
Bought by
Drummond Katherine and Franzen Carl
Seller's Agent
Camille Mazurek Licensed as Cathy Mazurek
Douglas Elliman Real Estate
List Price
$1,950,000
Sold Price
$1,930,000
Premium/Discount to List
-$20,000
-1.03%
Views
14
Current Estimated Value
$1,801,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$128,012
Avg. Annual Appreciation
-3.82%
Original Mortgage
$1,544,000
Outstanding Balance
$1,519,995
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$281,993

Purchase Details

Closed on
Sep 8, 2017
Sold by
Beckmann Dena A
Bought by
Spengemann Chelsea and Spengemann Pascal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Drummond Katherine $1,930,000 --
Spengemann Chelsea $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drummond Katherine $26,064
Open Drummond Katherine $1,544,000
Previous Owner Spengemann Chelsea $950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $1,930,000 -1.0% $492 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $1,950,000 0.0% $497 / Sq Ft
09/22/2023 09/22/23 Off Market $1,950,000 -- --
09/06/2023 09/06/23 For Sale $1,950,000 -- $497 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $9,354 $104,400 $36,060 $68,340
2024 $9,354 $87,600 $36,060 $51,540
2023 $9,115 $90,780 $36,060 $54,720
2022 $8,747 $93,540 $36,060 $57,480
2021 $8,806 $97,140 $36,060 $61,080
2020 $6,605 $98,520 $36,060 $62,460
2019 $8,119 $108,960 $36,060 $72,900
2017 $6,007 $29,467 $7,100 $22,367
2016 $5,562 $27,825 $7,543 $20,282
2015 $3,353 $26,814 $8,525 $18,289
2014 $3,353 $25,297 $7,495 $17,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10919191

Real Estate Board of New York (REBNY)

APN: 00791-0027