$1,318,000
SOLD JAN 16, 2025
5 Beds
3 Baths
2,200 Sq Ft
1,828 Sq Ft Lot

Recently Sold

$599 Per Sq Ft

13% Below List Price

Highlights

  • Wood Flooring
  • Porch
  • Heating System Uses Steam
  • P.S./I.S. 30 - The Mary White Ovington School Rated A-
  • Multiple cooling system units
  • Back Yard

About This Home

As of January 2025

Welcome to this exquisite solid brick two-family residence in the coveted Bay Ridge neighborhood. This charming property presents a unique opportunity for both homeowners and investors. Boasting two stories plus a finished above-ground basement, this home is 20x55 sitting on a 20x91.42 lot. The first-floor apartment offers an elegant living space with a large living room, dining room, and two generously sized bedrooms. It also features a spacious closet, a full bath, and a well-appointed eat-in kitchen with access to the backyard, perfect for outdoor activities. The second-floor apartment is equally impressive and features a large living room, a sophisticated dining area, and three spacious bedrooms. It includes a full bath, an eat-in kitchen, and a delightful balcony for enjoying your morning coffee or evening breeze. The basement provides additional space for family gatherings or entertainment, complete with a separate front entrance and convenient access to the backyard.
This home is the first time on the market in the past 30 years and is ready for its new owners to create lasting memories. This home will be delivered vacant upon closing.

Last Agent to Sell the Property

Allen Luo

Re Max Team Listed on: 08/19/2024

Last Buyer's Agent

Yifei Zhao

Tiger Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,126

Year Built

  • Built in 1905

Lot Details

  • 1,828 Sq Ft Lot
  • Lot Dimensions are 91 x 20
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • Stove
  • Finished Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Community Details

  • 2 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Block 5919

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,126

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Borough: Brooklyn
  • Building Length: 55.00
  • 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: Steam/Radiator
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Porch, Refrigerator, Stove, Other
  • Fill Sq Ft Total: 2200
  • Building Stories: 2
  • Street Name I D X: 73rd
  • Waterfront Present: No
  • Year Built: 1905
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Carpeting, Hardwood
  • Lot Sq Ft: 1828

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 33
  • Roof: Flat

Utilities

  • Air Conditioning Units: 4
  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 91
  • Lot Size Width: 20
  • Zoning: R5B

Tax Info

  • Flip Tax Amount: 8126.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Jan 16, 2025
Sold by
Alma Imerukaj As Trustee and Life Tenant Ramo Imerukaj
Bought by
Lam Fan and Lin Xiaoyun
Seller's Agent
Allen Luo
Re Max Team
Buyer's Agent
Yifei Zhao
Tiger Realty
List Price
$1,520,000
Sold Price
$1,318,000
Premium/Discount to List
-$202,000
-13.29%
Views
58
Current Estimated Value
$1,371,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,902
Avg. Annual Appreciation
4.36%
Original Mortgage
$660,000
Outstanding Balance
$654,283
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$717,619

Purchase Details

Closed on
Sep 12, 2024
Sold by
Imerukaj Ramo
Bought by
Imerukaj Alma and The Ramo Imerukaj Irrevocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $1,318,000 --
Deed $1,318,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $660,000 Purchase Money Mortgage
Closed $660,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2025 01/16/25 Sold $1,318,000 -5.8% $599 / Sq Ft
09/25/2024 09/25/24 Price Changed $1,399,000 -6.5% $636 / Sq Ft
09/09/2024 09/09/24 Price Changed $1,496,000 -1.6% $680 / Sq Ft
08/19/2024 08/19/24 For Sale $1,520,000 -- $691 / Sq Ft
08/19/2024 08/19/24 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 $8,236 $82,680 $14,640 $68,040
2024 $8,236 $74,700 $14,640 $60,060
2023 $7,842 $68,160 $14,640 $53,520
2022 $7,701 $65,880 $14,640 $51,240
2021 $8,060 $69,900 $14,640 $55,260
2020 $6,045 $81,840 $14,640 $67,200
2019 $7,100 $81,840 $14,640 $67,200
2018 $6,499 $33,343 $7,162 $26,181
2017 $6,497 $33,343 $7,112 $26,231
2016 $6,305 $33,087 $9,216 $23,871
2015 $3,794 $31,216 $9,570 $21,646
2014 $3,794 $29,450 $10,039 $19,411
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 485381

Brooklyn Board of REALTORS®

APN: 05919-0033