$1,550,000
SOLD FEB 18, 2025
-- Bed
-- Bath
2,700 Sq Ft
2,000 Sq Ft Lot

Recently Sold

$574 Per Sq Ft

2% Below List Price

0 Day on Market

Highlights

  • Wood Flooring
  • 2-minute walk to 77 Street (R Line)
  • Back and Front Yard
  • P.S./I.S. 30 - The Mary White Ovington School Rated A-
  • Baseboard Heating

About This Home

As of February 2025

Bay Ridge Prime 3 story, 2 family limestone with professional/ medical office and full basement with front exterior entrance on doctors' row on 77th street Bay Ridge. The residential units on the top 2 floors are filled with original woodwork, very good condition. The first-floor garden level with professional office is expansive with rear extension, 900 sq ft with access to private rear yard. 3 separate boilers and 3 separate hot water heaters. Great investment opportunity. The First Floor Doctor office rent Leased until July 2025, now paying $3050 Per-Month. The 2nd FL will be vacant around Feb. 2025. And the 3FL is vacant now.

Last Agent to Sell the Property

Qi Kang Mei

RE/MAX Edge License #10401207839 Listed on: 01/07/2025

RE/MAX Edge

Last Buyer's Agent

Qi Kang Mei

RE/MAX Edge License #10401207839 Listed on: 01/07/2025

RE/MAX Edge

Property Details

Property Type

  • Other

Lot Details

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

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,700 Sq Ft Home
  • Partially Finished Basement
  • Basement Cellar

Flooring

  • Wood
  • Ceramic Tile

Utilities

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

Listing and Financial Details

  • Tax Block 5961

Community Details

Overview

  • 2 Units

Building Details

  • Utility Expense $600
  • Gross Income $96,000

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Semi-Finished
  • Borough: Brooklyn
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Doors - 10 ft and under
  • Commercial Features Interior: Fire - Smoke Alarm, Kitchen
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4th Avenue
  • Cross Street Name2: 5th Avenue
  • Heat Delivery: Baseboard
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2700
  • Street Name I D X: 77th
  • Special Features: None

Interior Features

  • Flooring: Ceramic, Hardwood
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Block
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 25
  • 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

Rental Info

  • Rent Income: 8050

Multi Family

  • Annual Gross Expense: 16000.00
  • Annual Gross Income: 96000
  • Unit Count: 3
  • Annual Utility Expenses: 600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2025
Closed on
Mar 5, 2025
Sold by
Hassan Mona and Hassan Nassef
Bought by
Youmona Llc
Seller's Agent
Qi Kang Mei
RE/MAX Edge
Buyer's Agent
Qi Kang Mei
RE/MAX Edge
List Price
$1,588,000
Sold Price
$1,550,000
Premium/Discount to List
-$38,000
-2.39%
Views
17
Current Estimated Value
$1,530,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,279
Avg. Annual Appreciation
-1.34%

Purchase Details

Listed on
Jan 7, 2025
Closed on
Feb 18, 2025
Sold by
Rz Elite Group Llc
Bought by
Hassan Mona and Hassan Nassef
Seller's Agent
Qi Kang Mei
RE/MAX Edge
Buyer's Agent
Qi Kang Mei
RE/MAX Edge
List Price
$1,588,000
Sold Price
$1,550,000
Premium/Discount to List
-$38,000
-2.39%
Views
17

Purchase Details

Listed on
May 17, 2022
Closed on
Oct 21, 2022
Sold by
Nan Andrew P and Nan Andrew Ping
Bought by
Rz Elite Group Llc
Seller's Agent
Qi Kang Mei
RE/MAX Edge
Buyer's Agent
Qi Kang Mei
RE/MAX Edge
Sold Price
$1,388,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.87%
Original Mortgage
$900,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2005
Sold by
Khalil Mousa and Sunset Plumbing Supply Inc
Bought by
Nan Andrew Ping Chuan and Nan Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.7%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Deed -- --
Deed -- --
Deed $1,550,000 --
Deed $1,550,000 --
Deed $1,388,000 --
Deed $1,388,000 --
Deed $858,000 --
Deed $858,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $900,000 Purchase Money Mortgage
Previous Owner $600,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2025 02/18/25 Sold $1,550,000 -2.4% $574 / Sq Ft
01/07/2025 01/07/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $1,588,000 +14.4% $588 / Sq Ft
10/25/2022 10/25/22 Sold $1,388,000 -- $479 / Sq Ft View Prior Sale
05/17/2022 05/17/22 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 $10,319 $92,640 $18,420 $74,220
2024 $10,319 $92,940 $18,420 $74,520
2023 $9,844 $86,460 $18,420 $68,040
2022 $9,056 $72,420 $18,420 $54,000
2021 $10,036 $66,360 $18,420 $47,940
2020 $9,606 $69,240 $18,420 $50,820
2019 $8,956 $72,900 $18,420 $54,480
2018 $8,234 $40,392 $9,936 $30,456
2017 $8,146 $39,960 $10,539 $29,421
2016 $7,988 $39,960 $12,647 $27,313
2015 -- $37,819 $14,369 $23,450
2014 -- $35,679 $16,275 $19,404
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 488328

Brooklyn Board of REALTORS®

APN: 05961-0025