$3,800,000
$695K PRICE DROP

Estimated payment $23,630/month

Total Views 3,505
-- Bed
-- Bath
5,400 Sq Ft
$704 Price per Sq Ft

Highlights

  • Property is near public transit
  • 2-minute walk to 50 Street (D,M Line)
  • Baseboard Heating
  • P.S. 164 Caesar Rodney School Rated A
  • Wood Flooring

About This Home

THE HEART OF HIGH-TRAFFIC 13th AVENUE BORO PARK ONCE-IN-A-LIFETIME REAL ESTATE OPPORTUNITY!! 8 COMMERCIAL UNITS(4 STOREFRONTS/4 OFFICE SPACES) EXTRA-LARGE(5400 SQFT- 20x85 BLDG SIZE) 3 STORY CORNER SOLID BRICK BUILDING- PERFECTLY SITUATED IN THE MOST BUSIEST & BUSTLING BORO PARK 13th AVE RETAIL/COMMERCIAL CORRIDOR... THIS ULTRA-RARE 8 UNIT COMMERCIAL BUILDING IS ABSOLUTELY IDEAL AS AN INCREDIBLE INVESTMENT PROPERTY(OVER $200,000/YEAR RENT ROLL- OVER $300,000 PROJECTED RENT ROLL) FOR A SAVVY INVESTOR OR PERFECT FOR A USER/OWNER SEEKING TO USE COMMERCIAL SPACE FOR THEIR OWN THRIVING BUSINESS WHILE COLLECTING EXCEPTIONALLY HIGH RENTAL INCOME... BUILDING IS CURRENTLY CONFIGURED AS TWO OFFICE SPACES ON THE 3rd FLOOR OVER ANOTHER TWO OFFICE SPACES ON THE 2nd FLOOR OVER FOUR HIGHLY VISIBLE STOREFRONTS ON THE 1st FLOOR/STREET LEVEL OVER A FULL FINISHED BASEMENT WHICH PROVIDES EXTRA-INCOME FOR STORAGE USE... TENANTS PAY ALL THEIR OWN SEPARATE UTILITIES... THE POTENTIAL & THE POSSIBILTIES OF THIS PRIZED PIECE OF REAL ESTATE GOLD ARE ENDLESS; AND THE UPSIDE IS TREMENDOUS- THERE IS NOTHING ELSE LIKE IT ON THE MARKET!! THIS IS TRULY AN OUTSTANDING ONCE-IN-A-LIFETIME OPPORTUNITY TO OWN A PRIME PROPERTY IN OWN OF BROOKLYN'S MOST DESIRABLE & SOUGHT-AFTER LOCATIONS...

Listing Agent

Vito Angelo

REMAX REAL ESTATE PROFESSIONALS Listed on: 11/18/2024

REMAX REAL ESTATE PROFESSIONALS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,714

Year Built

  • Built in 1920

Lot Details

  • 2,017 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,400 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Baseboard Heating
  • Heating System Uses Gas

Community Details

  • Borough Park Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,714

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Percent Basement Finished: Yes
  • FloorHardwood: Yes
  • HeatFuelGas: Yes
  • HeatTypeBaseboard: Yes
  • InteriorAmps: 0
  • LastPriceValue: 4.0E6
  • NearBus: Yes
  • NearTrain: Yes
  • Number Of Stories: 3
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Brooklyn
  • PropertyTownship: Kings
  • Prop. Type: Multi-Unit (5+)
  • PropertyZipCode: 11219
  • PropertyZoneType: 900
  • SForSaleAndRForRental: S
  • SidingBrick: Yes
  • USStateAbbreviation: NY
  • ViewStreet: Yes
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement Type: Full
  • Fireplaces: 0
  • Number of Rooms: 0
  • AboveArea Sq Ft: 5400

Exterior Features

  • Construction Type: Masonry - Brick

Garage/Parking

  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • Units in Building: 0

Lot Info

  • Lot Size Sq Ft: 2017
  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 0
  • Total Taxes: 31714

Tax Info

  • Tax Year: 2024

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $32,983 $301,950 $51,750 $250,200
2024 $32,983 $311,400 $51,750 $259,650
2023 $31,714 $297,900 $51,750 $246,150
2022 $39,831 $377,100 $51,750 $325,350
2021 $36,910 $345,150 $51,750 $293,400
2020 $36,910 $382,500 $51,750 $330,750
2019 $36,327 $382,500 $51,750 $330,750
2018 $34,302 $357,300 $51,750 $305,550
2017 $32,465 $340,200 $51,750 $288,450
2016 $30,928 $326,700 $51,750 $274,950
2015 $13,134 $320,850 $51,750 $269,100
2014 $13,134 $286,200 $51,750 $234,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2025 02/13/25 Price Changed $3,800,000 0.0% $704 / Sq Ft
02/13/2025 02/13/25 Price Changed $3,800,000 -5.0% $704 / Sq Ft
01/30/2025 01/30/25 Price Changed $4,000,000 0.0% $741 / Sq Ft
01/30/2025 01/30/25 Price Changed $4,000,000 -9.0% $741 / Sq Ft
12/05/2024 12/05/24 Price Changed $4,395,000 0.0% $814 / Sq Ft
12/05/2024 12/05/24 Price Changed $4,395,000 -2.2% $814 / Sq Ft
11/18/2024 11/18/24 For Sale $4,495,000 0.0% $832 / Sq Ft
08/08/2024 08/08/24 Price Changed $4,495,000 -9.2% $832 / Sq Ft
07/29/2024 07/29/24 For Sale $4,950,000 -- $917 / Sq Ft
Source: NY State MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $325,089 Commercial
Previous Owner $174,820 Commercial
Source: Public Records

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Source: NY State MLS

MLS Number: 11365230

NY State MLS

APN: 05641-0046