NOT LISTED FOR SALE

500 Willoughby Ave Brooklyn, NY 11206

Bed-Stuy Neighborhood

Estimated Value: $1,993,000 - $2,142,000

7 Beds
3 Baths
3,000 Sq Ft
$682/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $2,250,000 $750 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $11,560/month

153 Days on Market

About This Home

As of May 2023

Great looking Bedford-Stuyvesant three-family brownstone nestled on a quiet, tree-lined street in the most coveted areas in Brooklyn. This home has incredible potential, maintaining a lot of its original details including original wood floors, doors, and unique wall trimmings. The layout consists of a garden-level duplex with backyard access and two 2-bedroom apartments. Built around 1899, the structure is R6B zoned, and the residence is 18.75 ? 40 square feet with approximately 3,000 square feet of livable floor space. This property has a lot size of 1,875 square feet with a maximum usable space of 3,750 square feet. It is also close to public transportation near the following subway stops which offer a door-to-door 15-20-minute commute to Midtown Manhattan: Myrtle-Willoughby (G), Bedford-Nostrand (G) Buses (B54 & B44).

Last Agent to Sell the Property

Harun Henry

Coldwell Banker Reliable R E License #10301212329 Listed on: 09/28/2022

Coldwell Banker Reliable R E

Co-Listed By

Javon Johnson

Coldwell Banker Reliable R E License #10301207380

Last Buyer's Agent

Harun Henry

Coldwell Banker Reliable R E License #10301212329 Listed on: 09/28/2022

Coldwell Banker Reliable R E

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,578

Year Built

  • Built in 1899

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100x18.75
  • Two or More Common Walls

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Schools

  • Satellite East Middle School
  • Brooklyn Comm Arts-Media High School

Utilities

  • No Cooling

Listing and Financial Details

  • Legal Lot and Block 36 / 01766
  • Assessor Parcel Number 01766-0036

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,578

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1899
  • New Construction: No
  • Co List Office Mls Id: ONECBRE02
  • Co List Office Phone: 718-921-3100
  • BuildingSize: 3000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: See Remarks
  • Total Bedrooms: 7
  • Living Area: 3000
  • SquareFootage: 3000.00
  • SquareFootageSource: Other
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Other
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Other, See Remarks
  • Sewer: Other
  • Water Source: See Remarks
  • Hot Water: See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Satellite East Middle School

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 100x18.75
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Parcel Number: 01766-0036
  • Zoning Description: R6B
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2022-09-30

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 4578
  • Tax Block: 01766
  • Tax Lot: 36
  • Tax Map Number: 01766-0036

MLS Schools

  • High School: Brooklyn Comm Arts-Media Hs
  • Middle School District: Brooklyn 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2024
Sold by
The Drezdner Group Llc
Bought by
Drezdner Abraham and Posner Chaim
Current Estimated Value
$2,047,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Outstanding Balance
$209,979
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,837,021

Purchase Details

Listed on
Sep 28, 2022
Closed on
Apr 27, 2023
Sold by
Davis Sondra and The Estate Of Thelma Branch
Bought by
The Drezdner Group Llc
Seller's Agent
Harun Henry
Coldwell Banker Reliable R E
Buyer's Agent
Harun Henry
Coldwell Banker Reliable R E
List Price
$2,199,000
Sold Price
$2,250,000
Premium/Discount to List
$51,000
2.32%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.01%
Original Mortgage
$1,912,000
Outstanding Balance
$1,859,837
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$187,163
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
Drezdner Abraham -- --
The Drezdner Group Llc $2,250,000 --
The Drezdner Group Llc $2,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drezdner Abraham $212,000
Open The Drezdner Group Llc $1,912,000
Closed The Drezdner Group Llc $376,000
Closed The Drezdner Group Llc $1,912,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2023 05/05/23 Sold $2,250,000 0.0% $750 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
02/07/2023 02/07/23 Off Market $2,250,000 -- --
09/28/2022 09/28/22 For Sale $2,199,000 -- $733 / 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 $4,879 $94,740 $12,900 $81,840
2024 $4,879 $97,320 $12,900 $84,420
2023 $4,657 $100,860 $12,900 $87,960
2022 $4,578 $88,320 $12,900 $75,420
2021 $4,781 $96,840 $12,900 $83,940
2020 $3,586 $80,940 $12,900 $68,040
2019 $4,234 $89,520 $12,900 $76,620
2018 $3,895 $19,108 $2,996 $16,112
2017 $3,895 $19,108 $3,623 $15,485
2016 $3,785 $18,933 $4,846 $14,087
2015 $1,954 $17,864 $4,441 $13,423
2014 $1,954 $16,869 $5,032 $11,837
Source: Public Records

Agents Affiliated with this Home

  • Harun Henry

    Seller's Agent in 2023

    Harun Henry

    Coldwell Banker Reliable R E

    (718) 921-3100

    4 in this area

    18 Total Sales

    Harun Henry
    Section Image
  • Javon Johnson

    Seller Co-Listing Agent in 2023

    Javon Johnson

    Coldwell Banker Reliable R E

    (917) 743-3940

    2 in this area

    16 Total Sales

    Javon Johnson
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3433488

OneKey® MLS

APN: 01766-0036

New York Kings County Brooklyn 11206 Bed-Stuy

500 Willoughby Ave, Brooklyn, NY

This home is located at 500 Willoughby Ave, Brooklyn, NY 11206 since 28 September 2022 and is currently estimated at $2,047,000, approximately $682 per square foot. This property was built in 1899. 500 Willoughby Ave is a home located in Kings County with nearby schools including P.S. 54 - Samuel C. Barnes, The Brooklyn Charter School, and Success Academy Charter School - Bed-Stuy Middle School.

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