Casey Mullin
Compass
(866) 502-4282
16 Total Sales
1 in Gowanus
$845,000 Price
526 4th Ave Brooklyn, NY 11215
Gowanus Neighborhood
--
Bed
--
Bath
8,456
Sq Ft
3,069
Sq Ft Lot
Highlights
- 3,069 Sq Ft lot
- 2 Car Attached Garage
- Private Driveway
- Wood Flooring
About This Home
As of November 2023Perfect for a Builder!
This is a Corner Mix-Use, 7 Family with 2 stores plus a 2+ car garage located on prime 4th Avenue in Park Slope. 7 Apartment units and garage are delivered VACANT; 2 stores are still occupied with short term leases. With the Rezoning on 4th Avenue and Air Rights combined, a builder can build upwards of 12-17+ stories. Approximately 50K+ buildable square feet including affordable housing. The basement is full and each unit has it's own hot water heater. Featuring 12 Bedrooms & 9 Baths! Apartments can be rented AS IS, Renovated to the new owner's specs, or broken down to build a brand new Beautiful Work of Art. This is a Prime Brick Corner Property that won't last long so bring only serious buyers with their POF for showings. Annual Projected ROI is just around $350K with lots of upside potential yearly with a Cap Rate of 5.1%.
This building has 2 addresses: 526-528 4th Ave and 181 14th Street.
Please note, the above information is approximate figures and are subject to change!
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Property Details
Property Type
- Other
Est. Annual Taxes
- $15,220
Year Built
- Built in 1931
Lot Details
- 3,069 Sq Ft Lot
- Lot Dimensions are 93 x 33
- Irregular Lot
- Property is zoned R8A
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 8,456 Sq Ft Home
- 4-Story Property
- Ceiling height between 8 to 10 feet
Flooring
- Wood
- Parquet
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Attached Garage
- Private Driveway
Utilities
- Heating System Uses Gas
- Electric Water Heater
Listing and Financial Details
- Tax Block 1033
Community Details
Overview
- 7 Units
Building Details
- Fuel Expense $8,000
- Insurance Expense $6,000
- Utility Expense $1,500
- Gross Income $282,348
- Net Operating Income $243,102
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
Listed on
Jan 22, 2023
Closed on
Nov 17, 2023
Sold by
Bought by
Seller's Agent
Lana Fraser
Hot Homes Realty LLC.
Buyer's Agent
Hazel Fraser
Hot Homes Realty LLC.
List Price
$6,900,000
Sold Price
$3,750,000
Premium/Discount to List
-$3,150,000
-45.65%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,734,034
Outstanding Balance
$2,665,766
Interest Rate
7.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 9, 2004
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Gowanus, NY
-
Casey Mullin
-
Rachel Wood
Rachel Wood
Brown Harris Stevens Brooklyn LLC
(855) 617-5877
13 Total Sales
1 in Gowanus
$700,000 Price
-
Benjamin Dixon
Benjamin Dixon
Douglas Elliman Real Estate
(646) 681-4023
85 Total Sales
1 in Gowanus
$1,150,000 Price
-
Isabel Zhen
Isabel Zhen
Responds QuicklyKing Zone Realty Inc
(646) 518-2904
12 Total Sales
1 in Gowanus
$1,950,000 Price
-
Patricia Ottati
Patricia Ottati
BERKSHIRE HATHAWAY
(347) 970-8775
29 Total Sales
1 in Gowanus
$1,825,000 Price
-
Jamie Heinlein
Jamie Heinlein
Compass
(646) 933-1437
114 Total Sales
1 in Gowanus
$2,400,000 Price
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 |
|---|---|---|---|
| $3,750,000 | -- | ||
| -- | -- |
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 |
|---|---|---|---|
| Open | $2,734,034 | ||
| Closed | $1,329,828 |
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 |
|---|---|---|---|---|
| 11/20/2023 11/20/23 | Sold | $3,750,000 | -36.4% | $443 / Sq Ft |
| 05/25/2023 05/25/23 | Price Changed | $5,900,000 | -14.5% | $698 / Sq Ft |
| 01/22/2023 01/22/23 | For Sale | $6,900,000 | -- | $816 / Sq Ft |
| 01/22/2023 01/22/23 | 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 | $17,332 | $1,106,100 | $10,800 | $1,095,300 |
| 2025 | $17,335 | $976,950 | $10,800 | $966,150 |
| 2024 | $17,335 | $916,560 | $10,800 | $905,760 |
| 2023 | $16,478 | $1,145,700 | $10,800 | $1,134,900 |
| 2022 | $15,220 | $954,900 | $10,800 | $944,100 |
| 2021 | $14,103 | $1,123,650 | $10,800 | $1,112,850 |
| 2020 | $13,189 | $1,164,780 | $10,800 | $1,153,980 |
| 2019 | $13,452 | $1,164,780 | $10,800 | $1,153,980 |
| 2018 | $13,142 | $103,327 | $1,150 | $102,177 |
| 2017 | $12,171 | $95,690 | $1,130 | $94,560 |
| 2016 | $11,423 | $88,606 | $1,185 | $87,421 |
| 2015 | $7,416 | $82,045 | $1,317 | $80,728 |
| 2014 | $7,416 | $82,045 | $1,526 | $80,519 |
Source: Public Records
Agents Affiliated with this Home
-
Lana Fraser
Seller's Agent in 2023
Lana Fraser
Hot Homes Realty LLC.
(718) 788-5435
1 in this area
7 Total Sales
-
Hazel Fraser
Buyer's Agent in 2023
Hazel Fraser
Hot Homes Realty LLC.
(646) 919-8167
1 in this area
14 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 471328
APN: 01033-0043
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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