Brian Cutrone
Exit Realty Achieve
(855) 616-1277
31 Total Sales
1 in Midwood
$1,300,000 Price
502 Avenue M Brooklyn, NY 11230
Midwood NeighborhoodEstimated Value: $2,434,400
Studio
--
Baths
4,800
Sq Ft
$507/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Baseboard Heating
- 5-minute walk to Friends Field
- Multiple cooling system units
- Private Driveway
About This Home
As of March 2018Mixed use building for sale in amazing location, with R6A Zonning! Store + 4 apartments. Each apartment has 2 BR and pays $1800 rent. The store has 1600 sq ft on Walk-In level + 1600 sq ft in finished basement. Rent for store is $5,500. This building was built 10 years ago, and is in very good condition, as you can see from photos. The lot is 20 by 100 ft. Building is 20 by 80 ft. Taxes are $29,662.
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Property Details
Property Type
- Other
Est. Annual Taxes
- $29,662
Year Built
- Built in 1925
Lot Details
- 2,033 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Property is zoned R6A
Home Design
- Mixed Use
- Block Foundation
- Asphalt Roof
- Stucco Exterior
- Stone Exterior Construction
Interior Spaces
- 4,800 Sq Ft Home
- 3-Story Property
- Wood Flooring
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 1 Parking Space
- Private Driveway
Utilities
- Multiple cooling system units
- Baseboard Heating
- Heating System Uses Gas
- 200+ Amp Service
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6568
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $3,000
- Utility Expense $700
- Gross Income $146,400
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 20, 2018
Sold by
Fakse Sonny
Bought by
Current Estimated Value
Purchase Details
Listed on
Oct 19, 2017
Closed on
Mar 13, 2018
Sold by
Taibi Abraham
Bought by
Fakse Sonny
Seller's Agent
Alexey Kogan
RE/MAX Edge
Sold Price
$2,000,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.33%
Purchase Details
Closed on
Mar 7, 2005
Sold by
Rosenberg David and Rosenberg Martin
Bought by
Taibi Abraham
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,000
Interest Rate
5.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 15, 1997
Sold by
Hogh Alter
Bought by
Rosenberg Martin and Rosenberg David
Purchase Details
Closed on
Mar 19, 1997
Sold by
Hoch Henya
Bought by
Hoch Alter
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Midwood, NY
-
Brian Cutrone
-
Dan Patsis
Dan Patsis
Responds QuicklyPOLJAN PROPERTIES INC
(917) 525-4631
68 Total Sales
1 in Midwood
$235,000 Price
-
Paul Griffith
Paul Griffith
Griffith Real Estate LLC
(862) 772-8397
18 Total Sales
3 in Midwood
$250K - $365K Price Range
-
David Castle
David Castle
Keller Williams Realty Greater
(888) 961-6134
24 Total Sales
1 in Midwood
$365,000 Price
-
Yeugena Atayan
Yeugena Atayan
RE/MAX Real Estate Professiona
(866) 450-0598
24 Total Sales
1 in Midwood
$895,000 Price
-
Svetlana (Lana) Shushkovsky
Svetlana (Lana) Shushkovsky
eXp Realty BKNY
(844) 227-6704
20 Total Sales
15 in Midwood
$195K - $470K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- | ||
| Fakse Sonny | $1,700,000 | -- | |
| Taibi Abraham | $750,500 | -- | |
| Rosenberg Martin | $84,500 | Chicago Title Insurance Co | |
| Hoch Alter | -- | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $826,000 | ||
| Previous Owner | Taibi Abraham | $439,000 | |
| Previous Owner | Davidowitz Barry | $61,583 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2018 03/16/18 | Sold | $2,000,000 | -- | $417 / Sq Ft |
| 10/19/2017 10/19/17 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $47,283 | $492,750 | $112,950 | $379,800 |
| 2025 | $46,246 | $435,150 | $112,950 | $322,200 |
| 2024 | $46,246 | $408,150 | $112,950 | $295,200 |
| 2023 | $42,791 | $378,900 | $112,950 | $265,950 |
| 2022 | $20,569 | $383,850 | $112,950 | $270,900 |
| 2021 | $38,196 | $354,150 | $112,950 | $241,200 |
| 2020 | $17,547 | $388,350 | $112,950 | $275,400 |
| 2019 | $35,886 | $391,500 | $112,950 | $278,550 |
| 2018 | $33,288 | $268,329 | $73,367 | $194,962 |
| 2017 | $31,775 | $258,640 | $80,146 | $178,494 |
| 2016 | $29,662 | $239,518 | $70,479 | $169,039 |
| 2015 | $19,060 | $223,822 | $69,701 | $154,121 |
| 2014 | $19,060 | $218,879 | $81,754 | $137,125 |
Source: Public Records
Agents Affiliated with this Home
-
Alexey Kogan
Seller's Agent in 2018
Alexey Kogan
RE/MAX Edge
5 in this area
31 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 415567
APN: 06568-0001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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