NOT LISTED FOR SALE

481 Schenectady Ave Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $817,482 - $1,205,000

Studio
-- Bath
1,771 Sq Ft
$574/Sq Ft Est. Value

Last Sold September 25, 2019

Last sale price $1,050,000 $593 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,788/month

71 Days on Market

About This Home

As of September 2019

Unique opportunity. Beautiful house! Recently renovated, charming 2 fam. Rare corner home. East borrow of Crown Heights / North borrow of East Flatbush. Sure to capture your attention from the first sight: 2.5 bathrooms, 2.5 BedR over 2 BedR rental. Great outdoor space. R7-1 zoning / garage and driveway parking / Building: 23x50 / Huge kitchen, dining, living area / move-in ready / FAR: 4.8 (currently used/built 0.77) Unused FAR: 6,141 SF

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Parking

  • Garage

Additional Features

  • 2-Story Property
  • Lot Dimensions are 100.0 x 28.0

Community Details

  • 2 Units
  • Crown Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 64 / 4589

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Maple Street & Midwood Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Crown Heights
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Garage/Parking

  • Garage: Yes

Lot Info

  • Lot Size Dimensions: 100.0 x 28.0

Building Info

  • Units: 2
  • Total Stories: 2
  • Year Built: 1945

Tax Info

  • Tax Block: 4589
  • Tax Lot: 64

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2019
Closed on
Sep 25, 2019
Sold by
Moodie-Mckenzie Sharlene
Bought by
Minkowitz Naftoli
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Current Estimated Value
$1,016,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,629
Avg. Annual Appreciation
-0.51%
Original Mortgage
$750,000
Outstanding Balance
$654,131
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$362,240

Purchase Details

Closed on
Mar 30, 2012
Sold by
Cyslin M Gardner Living Trust and Gardner
Bought by
Moodie Mckenzie Sharlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,307
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 1999
Sold by
Gardner Cyslin M
Bought by
Cyslin M Gardner Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Minkowitz Naftoli $1,050,000 --
Minkowitz Naftoli $1,050,000 --
Minkowitz Naftoli $1,050,000 --
Moodie Mckenzie Sharlene $402,800 --
Moodie Mckenzie Sharlene $402,800 --
Cyslin M Gardner Living Trust -- First American Title Ins Co
Cyslin M Gardner Living Trust -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minkowitz Naftoli $750,000
Closed Minkowitz Naftoli $750,000
Previous Owner Moodie Mckenzie Sharlene $392,307
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2019 09/25/19 Sold $1,050,000 -4.5% $593 / Sq Ft
08/26/2019 08/26/19 Pending -- -- --
06/15/2019 06/15/19 For Sale $1,100,000 -- $621 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $6,117 $40,560 $19,020 $21,540
2024 $6,117 $43,920 $19,020 $24,900
2023 $5,835 $53,520 $19,020 $34,500
2022 $2,430 $43,800 $19,020 $24,780
2021 $5,392 $47,700 $19,020 $28,680
2020 $4,036 $42,660 $19,020 $23,640
2019 $5,309 $46,740 $19,020 $27,720
2018 $4,881 $23,943 $10,615 $13,328
2017 $3,232 $22,602 $15,816 $6,786
2016 $3,647 $21,349 $14,939 $6,410
2015 $2,133 $21,349 $12,986 $8,363
2014 $2,133 $21,150 $10,948 $10,202
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10561858

Real Estate Board of New York (REBNY)

APN: 04589-0064

New York Kings County Brooklyn 11203 East Flatbush

481 Schenectady Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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