NOT LISTED FOR SALE

494 Jamaica Ave Brooklyn, NY 11208

Cypress Hills Neighborhood

Estimated Value: $1,052,000 - $1,406,000

8 Beds
4 Baths
4,638 Sq Ft
$268/Sq Ft Est. Value

Last Sold May 01, 2021

Last sale price $1,200,000 $259 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,318/month

194 Days on Market

Highlights

  • 0.22 Acre Lot
  • Hot Water Heating System
  • 3-minute walk to Highland Park
  • P.S. 108 - Sal Abbracciamento Rated 9+

About This Home

As of May 2021

Development site being sold with approved plans to build (4) three family houses totaling 9,978 sqft. Stamped approved site plan from DOB.

Last Agent to Sell the Property

Joseph Barretta

Metro Net Realty LLC Brokerage Phone: 718-208-7011 License #10491202143 Listed on: 08/08/2020

Co-Listed By

Philip Maltaghati

Metro Net Realty LLC Brokerage Phone: 718-208-7011 License #10401314859

Last Buyer's Agent

Joseph Barretta

Metro Net Realty LLC Brokerage Phone: 718-208-7011 License #10491202143 Listed on: 08/08/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,078

Year Built

  • Built in 1899

Lot Details

  • 9,571 Sq Ft Lot
  • Lot Dimensions are 85.33x112.17
  • No Common Walls

Parking

  • Private Parking

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 11 / 3909
  • Assessor Parcel Number 03909-0011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,078

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Property Condition: average
  • Year Built: 1899
  • New Construction: No
  • Attribution Contact: 718-208-7011
  • Co List Office Mls Id: ONEBAJO01
  • Co List Office Phone: 718-208-7011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • NumberOfKitchens: 2

Exterior Features

  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Private

Utilities

  • Heating: Natural Gas, Hot Water

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Dimensions: 85.33x112.17
  • Lot Size Sq Ft: 9571
  • Lot Size Units: Acres
  • Parcel Number: 03909-0011
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2020-08-11

Rental Info

  • Lease Considered: No
  • Available Date: 2021-03-01

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 7078
  • Tax Block: 3909
  • Tax Lot: 11
  • Tax Map Number: 03909-0011

MLS Schools

  • Middle School District: Brooklyn 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2020
Closed on
Apr 16, 2021
Sold by
Deokinanan Nalini and Deokinanan Rajendra
Bought by
494 Jamaica Avenue Llc
Seller's Agent
Joseph Barretta
Metro Net Realty LLC
Buyer's Agent
Joseph Barretta
Metro Net Realty LLC
List Price
$1,800,000
Sold Price
$1,200,000
Premium/Discount to List
-$600,000
-33.33%
Current Estimated Value
$1,244,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,524
Avg. Annual Appreciation
0.83%
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
494 Jamaica Avenue Llc $1,200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 494 Jamaica Avenue Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2021 05/01/21 Sold $1,200,000 -20.0% $259 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
12/28/2020 12/28/20 Price Changed $1,500,000 -16.7% $323 / Sq Ft
08/08/2020 08/08/20 For Sale $1,800,000 -- $388 / Sq Ft
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 $6,447 $36,060 $36,060 --
2024 $6,447 $32,100 $32,100 $0
2023 $6,799 $33,480 $33,480 $0
2022 $7,501 $128,640 $33,480 $95,160
2021 $7,460 $102,840 $33,480 $69,360
2020 $1,749 $68,340 $33,480 $34,860
2019 $6,995 $68,340 $33,480 $34,860
2018 $6,765 $33,188 $18,744 $14,444
2017 $6,383 $31,310 $16,783 $14,527
2016 $5,905 $29,539 $21,268 $8,271
2015 $3,563 $27,867 $18,011 $9,856
2014 $3,563 $27,867 $16,803 $11,064
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Joseph Barretta

    Metro Net Realty LLC

    Section Image

  • P

    Seller Co-Listing Agent in 2021

    Philip Maltaghati

    Metro Net Realty LLC

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3240865

OneKey® MLS

APN: 03909-0011

New York Kings County Brooklyn 11207 Cypress Hills

494 Jamaica Ave, Brooklyn, NY

This home is located at 494 Jamaica Ave, Brooklyn, NY 11208 since 08 August 2020 and is currently estimated at $1,244,524, approximately $268 per square foot. This property was built in 1899. 494 Jamaica Ave is a home located in Kings County with nearby schools including P.S. 108 - Sal Abbracciamento, Liberty Avenue Middle School, and Vista Academy.

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