NOT LISTED FOR SALE

497 Glenmore Ave Brooklyn, NY 11207

East New York Neighborhood

Estimated Value: $646,066 - $887,000

-- Bed
3 Baths
1,500 Sq Ft
$502/Sq Ft Est. Value

Last Sold June 14, 2018

Last sale price $710,000 $473 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,185/month

Highlights

  • 5,000 Sq Ft lot
  • 3-minute walk to Van Siclen Avenue (A,C Line)
  • Back Yard
  • Wood Flooring
  • Hot Water Heating System
  • 5-minute walk to Grace Playground

About This Home

As of June 2018

Three family building plus an 25x100 lot attached for sale as a package.

3 Family zoning!

497 & 501 located in East New York Brooklyn, near Bradford Street & Miller Ave. Selling BOTH LOTS as a package, the Zoning is R5 building class C0 which is the building class for a three family property. 497-501 Glenmore Ave is around the corner from the Van Siclen Ave C train, food and shopping just one block away. East New York has been rezoned and has a huge upside.

497 Glenmore Ave. has a finished basement. 1st floor is a two bedroom unit, 2nd floor is a two bedroom unit and the 3rd floor (which is an attic) is a studio apartment.

Potential rent for each unit: 1st $1800, 2nd $1800, 3rd $1100.

501 Glenmore Ave currently is a 25x100 lot, which is included in the sale price.

Property potential* (Based on type of renovations, and finishing) rent-roll If Converted Into An 6-8 Unit Building, Two bedrooms in this market $1600-$2600* (Based on type of renovation, and finishing) For more information on this property contact Listing Agent

Co-Listed By

Aldo Adamo

RE/MAX Edge

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,655

Year Built

  • Built in 1930

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 100 x 50
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3-Story Property
  • Finished Basement

Flooring

  • Wood
  • Carpet

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,655

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Total Bathrooms: 3.00
  • Borough: Brooklyn
  • Co List Office Mls Id: 117340
  • Co List Office Phone: (718) 954-8400
  • Confirmed By M L S Y N: Yes
  • Cross Street: Miller Ave
  • Cross Street Name2: Bradford Street
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: None
  • Building Stories: 3
  • Street Name I D X: Glenmore
  • Year Built: 1930
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Flooring: Carpeting, Hardwood
  • Lot Sq Ft: 5000
  • Basement Type: Triplex

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Vinyl Siding
  • Foundation Details: Slab Concrete
  • Roof: Asphalt/Tar

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 50
  • Zoning: R5

Rental Info

  • Tenant Monthly Rent: 1250.00

Multi Family

  • Unit Count: 2

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2018 06/14/18 Sold $710,000 -- $473 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $2,655 $41,700 $12,900 $28,800
2024 $2,655 $38,340 $12,900 $25,440
2023 $2,539 $34,320 $12,900 $21,420
2022 $1,770 $31,020 $12,900 $18,120
2021 $2,352 $32,520 $12,900 $19,620
2020 $1,764 $37,800 $12,900 $24,900
2019 $2,304 $39,960 $12,900 $27,060
2018 $403 $10,419 $4,316 $6,103
2017 $358 $9,852 $5,031 $4,821
2016 $310 $9,313 $5,593 $3,720
2015 $682 $9,304 $4,969 $4,335
2014 $682 $9,180 $5,103 $4,077
Source: Public Records

Agents Affiliated with this Home

  • Aldo Adamo

    Seller Co-Listing Agent in 2018

    Aldo Adamo

    RE/MAX

    (201) 694-4929

    1 Total Sale

    Aldo Adamo
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 417131

Brooklyn Board of REALTORS®

APN: 03708-0032

New York Kings County Brooklyn 11207 East New York

497 Glenmore Ave, Brooklyn, NY

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Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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