NOT LISTED FOR SALE

525 Hancock St Unit Building Brooklyn, NY 11233

Bed-Stuy Neighborhood

Estimated Value: $1,446,000 - $2,457,409

-- Bed
4 Baths
2,460 Sq Ft
$800/Sq Ft Est. Value

About This Home

This home is located at 525 Hancock St Unit Building, Brooklyn, NY 11233 and is currently estimated at $1,968,352, approximately $800 per square foot. 525 Hancock St Unit Building is a home located in Kings County with nearby schools including P.S. 262 El Hajj Malik El Shabazz Elementary School, La Cima Charter School, and Ember Charter School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2021
Sold by
Guge Ashley and Guge Brett
Bought by
Forman Eric and Hu Caitlin
Current Estimated Value
$1,968,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,480
Outstanding Balance
$635,024
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,333,328

Purchase Details

Closed on
Mar 11, 2015
Sold by
525 Hancock St Llc
Bought by
Guge Ashley and Guge Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,350
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2014
Sold by
Gurley Hezron A
Bought by
525 Hancock St Llc

Purchase Details

Closed on
Feb 12, 1997
Sold by
Salavaria Ian T
Bought by
Gurley Hezron A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,900
Interest Rate
7.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Forman Eric $2,195,000 --
Guge Ashley $1,200,500 --
525 Hancock St Llc $635,000 --
Gurley Hezron A $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forman Eric $700,480
Previous Owner Guge Ashley $840,350
Previous Owner Gurley Hezron A $145,900
Source: Public Records

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 $6,197 $96,600 $19,320 $77,280
2024 $6,197 $84,360 $19,320 $65,040
2023 $6,266 $85,620 $19,320 $66,300
2022 $6,112 $93,120 $19,320 $73,800
2021 $6,079 $71,880 $19,320 $52,560
2020 $4,547 $86,880 $19,320 $67,560
2019 $5,379 $69,060 $19,320 $49,740
2018 $5,241 $25,712 $10,414 $15,298
2017 $5,201 $25,516 $8,341 $17,175
2016 $4,812 $24,073 $8,749 $15,324
2015 $2,684 $22,711 $12,394 $10,317
2014 $2,684 $21,427 $11,986 $9,441
Source: Public Records

Map

New York Kings County Brooklyn 11221 Bed-Stuy

525 Hancock St Unit Building, Brooklyn, NY

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