Seller's Agent in 2022
Nathan Horne
Compass
(706) 255-5657
1 in this area
18 Total Sales
4812 3rd Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,378,817
5
Beds
3
Baths
3,094
Sq Ft
$446/Sq Ft
Est. Value
Highlights
- City View
- Terrace
- Garden
- Pre War Building
- Building Terrace
- 2-minute walk to Pena Herrera Playground
About This Home
As of March 2022Come and be part of the booming Sunset Park real estate market with this investor's delight at 4812 3rd Avenue! This brick two-family over a store currently measures 18.75'X55' over three stories for a total of 3,094 SF plus a full basement. It is zoned M1-2D (allowing residential use) and has previously approved plans to extend the first floor to the back of the 100' lot for use as a performing arts studio with a parking space, as well as a bulkhead addition on the roof to allow residents to enjoy the incredible views of downtown Manhattan and the Statue of Liberty. The approved plans can be provided upon request and result in a net above-grade square footage of 3,731 SF and 4,774 SF including the basement. There are numerous possibilities here ranging from residential renovation with parking for an end-user, to an investor completing the first floor expansion and leasing it for solid rate of return (in an Opportunity Zone), to a developer building commercial, residential, or even utilizing the 4.8 community facility FAR (up to 9,000 BSF). Feel free to reach out with any questions. Co-brokers encouraged at 2.5%.
Home Details
Home Type
- Single Family
Year Built
- Built in 1931
Lot Details
- Lot Dimensions are 18.0 x 100.0
- Garden
Home Design
- Pre War Building
Interior Spaces
- 3,094 Sq Ft Home
- 3-Story Property
- City Views
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Terrace
Community Details
- Sunset Park Subdivision
- Building Terrace
Listing and Financial Details
- Legal Lot and Block 39 / 772
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2021
Closed on
Mar 3, 2022
Sold by
Community Music Llc
Bought by
4812 Third Llc
Seller's Agent
Nathan Horne
Compass
List Price
$1,235,000
Sold Price
$1,235,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,817
Avg. Annual Appreciation
2.89%
Original Mortgage
$926,250
Outstanding Balance
$865,416
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$513,401
Purchase Details
Closed on
Aug 22, 2019
Sold by
Wacks Daniel R
Bought by
Sprecher Sandra J
Purchase Details
Closed on
Sep 26, 2016
Sold by
4812 3Rd Ave Llc
Bought by
Community Music Llc
Purchase Details
Closed on
May 5, 2014
Sold by
Soriano Ana
Bought by
4812 3Rd Ave Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 4812 Third Llc | $1,235,000 | -- | |
| Sprecher Sandra J | -- | -- | |
| Community Music Llc | $1,175,000 | -- | |
| 4812 3Rd Ave Llc | $499,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 4812 Third Llc | $926,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/03/2022 03/03/22 | Sold | $1,235,000 | 0.0% | $399 / Sq Ft |
| 04/13/2021 04/13/21 | For Sale | $1,235,000 | -- | $399 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $5,279 | $78,720 | $9,420 | $69,300 |
| 2024 | $5,279 | $69,360 | $9,420 | $59,940 |
| 2023 | $5,036 | $61,320 | $9,420 | $51,900 |
| 2022 | $4,899 | $56,520 | $9,420 | $47,100 |
| 2021 | $5,018 | $51,540 | $9,420 | $42,120 |
| 2020 | $2,354 | $52,860 | $9,420 | $43,440 |
| 2019 | $4,582 | $45,960 | $9,420 | $36,540 |
| 2018 | $4,212 | $20,664 | $5,085 | $15,579 |
| 2017 | $4,168 | $20,448 | $5,395 | $15,053 |
| 2016 | $3,973 | $19,872 | $6,290 | $13,582 |
| 2015 | $2,327 | $18,748 | $7,127 | $11,621 |
| 2014 | $2,327 | $18,253 | $8,330 | $9,923 |
Source: Public Records
Agents Affiliated with this Home
-
Nathan Horne
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10760628
APN: 00772-0039
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