NOT LISTED FOR SALE

Estimated Value: $815,123

2 Beds
4 Baths
-- Sq Ft
1,523 Sq Ft Lot

Last Sold March 30, 2022

Last sale price $700,000

Est. 16% increase in value since last sale

Current estimated payment $5,579/month

47 Days on Market

Highlights

  • City View
  • 5-minute walk to New Lots Avenue (L Line)
  • Zoned Cooling
  • Property is near public transit

About This Home

As of March 2022

Welcome to 48 New Lots Ave! The property is equipped with one commercial space with good foot traffic. The space is currently occupied with a lease expiring in 3 years, paying $2900 and going up to $3000 this year. The units on the second level, consist of 2 one bedrooms units that are occupied but can be delivered vacant and can generate over $3000 per month.

Last Agent to Sell the Property

Katherine Loman

Fave Realty Inc License #10401313960 Listed on: 01/27/2021

Fave Realty Inc

Co-Listed By

Rahreese Kenchen

Fave Realty Inc License #10311204106

Last Buyer's Agent

Katherine Loman

Fave Realty Inc License #10401313960 Listed on: 01/27/2021

Fave Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,547

Year Built

  • Built in 1930

Lot Details

  • 1,523 Sq Ft Lot
  • Lot Dimensions are 21.19x71.87
  • Two or More Common Walls

Interior Spaces

  • 2-Story Property
  • City Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Brooklyn Collegiate Middle School
  • Brooklyn Collegiate High School

Additional Features

  • Property is near public transit
  • Zoned Cooling

Listing and Financial Details

  • Legal Lot and Block 3 / 3860
  • Assessor Parcel Number 03860-0003

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,547

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Levels: Two
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 516-519-8049
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Full, Unfinished
  • Total Bedrooms: 2
  • Kitchens: 2

Exterior Features

  • Construction Materials: Other
  • Flood Zone Date: 2021-01-29
  • Flood Zone Report: Yes
  • View: City
  • View YN: Yes

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: Zoned
  • Cooling: Yes
  • Heating: Other, See Remarks
  • Hot Water: See Remarks
  • Sewer: Other
  • Water Source: See Remarks

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Brooklyn Collegiate
  • High School: Brooklyn Collegiate
  • Middle School: Brooklyn Collegiate

Lot Info

  • Lot Size Acres: 0.0300
  • Lot Size Area: 0.0300
  • Lot Dimensions: 21.19x71.87
  • Lot Size Sq Ft: 1523.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03860-0003
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-03-30
  • Tax Annual Amount: 14547.00
  • Tax Block: 3860
  • Tax Lot: 3
  • Tax Map Number: 03860-0003

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

MLS Schools

  • High School: Brooklyn Collegiate
  • Middle School District: Brooklyn 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2022
Sold by
Ramsay Sophia
Bought by
F & L 48 New Lots Ave Llc
Current Estimated Value
$815,123

Purchase Details

Closed on
Jan 4, 2022
Sold by
48 New Lots Ave Llc
Bought by
Ramsay Sophia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,560
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2020
Sold by
Rodriguez Gladys
Bought by
48 New Lots Ave Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
F & L 48 New Lots Ave Llc -- --
Ramsay Sophia $742,000 --
48 New Lots Ave Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramsay Sophia $728,560
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $700,000 0.0% --
06/27/2021 06/27/21 Off Market $700,000 -- --
03/15/2021 03/15/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $750,000 -- --
Source: OneKey® MLS

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 $15,300 $151,200 $27,000 $124,200
2024 $15,300 $144,450 $27,000 $117,450
2023 $15,589 $151,650 $27,000 $124,650
2022 $15,623 $148,950 $27,000 $121,950
2021 $14,389 $134,550 $27,000 $107,550
2020 $14,389 $145,350 $27,000 $118,350
2019 $13,664 $145,350 $27,000 $118,350
2018 $12,614 $145,800 $27,000 $118,800
2017 $10,456 $131,850 $27,000 $104,850
2016 $8,602 $115,650 $20,250 $95,400
2015 $3,152 $111,150 $20,250 $90,900
2014 $3,152 $95,400 $20,250 $75,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3283746

OneKey® MLS

APN: 03860-0003