Seller's Agent in 2014
Alexander Maroni
Douglas Elliman Real Estate
(917) 704-3102
24 in this area
219 Total Sales
505 Hicks St Brooklyn, NY 11231
Cobble Hill NeighborhoodEstimated Value: $3,689,436 - $4,595,000
Studio
--
Bath
4,408
Sq Ft
$941/Sq Ft
Est. Value
About This Home
As of June 2014ONE OF THE BEST VALUES IN COBBLE HILL. This huge four story brick townhome is nearly 22' wide and is located steps to the very best that Cobble Hill offers. IT WILL BE DELIVERED VACANT. This home has had substantial high quality upgrades to the electical, plumbing, and heating but needs minor cosmetic upgrates. This home could be a wonderful primary residence or it could be a superb investment property. Currently configured as a garden/parlor duplex with two rentals overhead, you can easily live in the apartment of your dreams and collect $7,000 in rental income. Alternatively, this property would generate approximately $150,000 per year solely as an investment property. EACH UNIT PAYS IT'S OWN HEAT, so expenses are extremely low. Located between Kane and Degraw Streets, this property is very close to Court Street, Brooklyn Heights, Brooklyn Bridge Park, excellent schools, public transportation, and more. A superb value for a savvy buyer.
Last Agent to Sell the Property
Douglas Elliman Real Estate License #10301201619 Listed on: 03/20/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Home Design
- Pre War Building
Interior Spaces
- 4,408 Sq Ft Home
- 3-Story Property
Listing and Financial Details
- Tax Block 321
Community Details
Overview
- 3 Units
- Cobblehl Subdivision
Building Details
- Water Sewer Expense $1,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2014
Closed on
Jun 16, 2014
Sold by
505 Hicks Street Llc
Bought by
Owens Joseph B
Seller's Agent
Alexander Maroni
Douglas Elliman Real Estate
List Price
$2,499,000
Sold Price
$2,335,000
Premium/Discount to List
-$164,000
-6.56%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,813,609
Avg. Annual Appreciation
4.97%
Purchase Details
Closed on
Feb 26, 2014
Sold by
Matilda Rivera and Matilda Rivera
Bought by
505 Hicks Street Llc
Purchase Details
Closed on
Dec 7, 2005
Sold by
Matilda Rivera Trustee and The Carlos Cotto Revocable Living Trust
Bought by
Lopez Luisa A and Rivera Matilda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 13, 2004
Sold by
Cotto Carlos
Bought by
Cotto Carlos
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Owens Joseph B | $2,335,000 | -- | |
| Owens Joseph B | $2,335,000 | -- | |
| 505 Hicks Street Llc | $1,500,000 | -- | |
| 505 Hicks Street Llc | $1,500,000 | -- | |
| Lopez Luisa A | -- | -- | |
| Rivera Matilda | $275,000 | -- | |
| Lopez Luisa A | -- | -- | |
| Cotto Carlos | -- | -- | |
| Cotto Carlos | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Rivera Matilda | $665,000 | |
| Previous Owner | Lopez Luisa A | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/18/2014 06/18/14 | Sold | $2,335,000 | -6.6% | $530 / Sq Ft |
| 05/19/2014 05/19/14 | Pending | -- | -- | -- |
| 04/11/2014 04/11/14 | For Sale | $2,499,000 | -- | $567 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
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 | $19,162 | $289,320 | $42,480 | $246,840 |
| 2024 | $19,162 | $228,540 | $42,480 | $186,060 |
| 2023 | $18,113 | $254,040 | $42,480 | $211,560 |
| 2022 | $17,073 | $242,520 | $42,480 | $200,040 |
| 2021 | $18,087 | $201,360 | $42,480 | $158,880 |
| 2020 | $17,257 | $244,140 | $42,480 | $201,660 |
| 2019 | $16,089 | $194,100 | $42,480 | $151,620 |
| 2018 | $14,132 | $72,559 | $15,199 | $57,360 |
| 2017 | $14,145 | $72,559 | $14,804 | $57,755 |
| 2016 | $13,775 | $72,014 | $15,058 | $56,956 |
| 2015 | $3,689 | $67,938 | $21,319 | $46,619 |
| 2014 | $3,689 | $64,093 | $17,093 | $47,000 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Maroni
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10060849
APN: 00321-0009
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