NOT LISTED FOR SALE

Estimated Value: $1,482,744 - $1,816,000

7 Beds
4 Baths
2,880 Sq Ft
$559/Sq Ft Est. Value

Last Sold August 22, 2018

Last sale price $1,320,000 $458 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $9,260/month

Highlights

  • Brownstone
  • 4-minute walk to 59 Street (N,R Line)
  • Hot Water Heating System
  • IS 220 John J. Pershing Rated A-
  • Wood Flooring
  • 4-minute walk to Rainbow Playground

About This Home

As of August 2018

We are pleased to announce a Beautiful, 2-family Brownstone located in the heart of Sunset Park. Built in 1901, this home has lots of character and is split into the owners duplex and has 4 bedrooms and 2 bathrooms with access to the finished basement and a large yard, the rental unit has 3 bedrooms and 1 bathroom with access to a full, finished attic with 1 full bathroom. Both offer spacious living with separate dining and living rooms, large kitchen areas, hardwood flooring throughout and lots of bright natural light. The building has a new boiler, new roof, new electric and updated plumbing. Close to restaurants & shopping along 5th & 8th Ave, the N & R trains at 53rd St & 59th St and also close access to all highways. (Photos of property were taken before tenant moved in)

Last Agent to Sell the Property

Eufemia (Lolita) Andrade

Keller Williams Realty Empire Listed on: 07/02/2018

Keller Williams Realty Empire

Last Buyer's Agent

Eufemia (Lolita) Andrade

Keller Williams Realty Empire Listed on: 07/02/2018

Keller Williams Realty Empire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,778

Year Built

  • Built in 1901

Lot Details

  • 2,003 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back and Front Yard

Home Design

  • Brownstone
  • Flat Roof Shape
  • Stone Foundation

Interior Spaces

  • 2,880 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Finished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

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

Listing and Financial Details

  • Tax Block 831

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $600
  • Insurance Expense $1,300
  • Utility Expense $350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,778

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Borough: Brooklyn
  • Building Length: 45.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 4th Ave
  • Cross Street Name2: 5th Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Fill Sq Ft Total: 2880
  • Building Stories: 3
  • Street Name I D X: 56
  • Waterfront Present: No
  • Year Built: 1901
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 4
  • Total Bedrooms: 7
  • Flooring: Hardwood
  • Lot Sq Ft: 2003

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Brownstone
  • Foundation Details: Stone
  • Lot Number: 52
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 600.00

Lot Info

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

Multi Family

  • Insurance Expense: 1300.00
  • Annual Utility Expenses: 350.00

Tax Info

  • Flip Tax Amount: 5778.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2018
Closed on
Aug 22, 2018
Sold by
Lema George and Lema Maria T
Bought by
Liu Fuchong and Yao Qinxue
Seller's Agent
Eufemia (Lolita) Andrade
Keller Williams Realty Empire
Buyer's Agent
Eufemia (Lolita) Andrade
Keller Williams Realty Empire
Sold Price
$1,320,000
Current Estimated Value
$1,608,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,936
Avg. Annual Appreciation
2.70%
Original Mortgage
$990,000
Outstanding Balance
$857,983
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$750,953

Purchase Details

Closed on
May 9, 2012
Sold by
Oey Aimee and Oey Han
Bought by
Lema George and Lema Maria T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,500
Interest Rate
3.9%
Mortgage Type
New Conventional
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
Liu Fuchong $1,320,000 --
Lema George $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Fuchong $990,000
Previous Owner Lema George $462,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2018 08/22/18 Sold $1,320,000 -- $458 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $8,667 $100,260 $16,380 $83,880
2024 $8,667 $83,340 $16,380 $66,960
2023 $8,315 $83,520 $16,380 $67,140
2022 $8,166 $84,720 $16,380 $68,340
2021 $8,556 $84,600 $16,380 $68,220
2020 $3,459 $75,900 $16,380 $59,520
2019 $6,512 $71,400 $16,380 $55,020
2018 $5,958 $30,688 $7,040 $23,648
2017 $5,956 $30,688 $8,063 $22,625
2016 $5,778 $30,455 $8,988 $21,467
2015 $3,272 $28,732 $8,635 $20,097
2014 $3,272 $27,108 $9,629 $17,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 421690

Brooklyn Board of REALTORS®

APN: 00831-0052