NOT LISTED FOR SALE

532 Willoughby Ave Brooklyn, NY 11206

Bed-Stuy Neighborhood

Estimated Value: $1,301,000 - $2,277,000

5 Beds
3 Baths
2,250 Sq Ft
$746/Sq Ft Est. Value

Last Sold February 21, 2019

Last sale price $1,200,000 $533 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $9,535/month

80 Days on Market

About This Home

As of February 2019

Adorable 3 story, 3-family brick townhouse with basement in prime Bed Stuy location. This property works great for someone looking to occupy one unit and use the rent from other two units to pay the mortgage, living virtually for free. With projected income of $82,800/year and a Cap Rate of 5.3% this is also an ideal building for investment and works well for 1031 Exchange buyers. Set up as two one bedrooms each garnering approx. $1,700/month for maximum per square foot rental income and a 3 bedroom duplex garnering approx. $3,500/month. Spacious layouts, bright light and high ceilings, updated bathrooms and kitchens with stainless steel appliances. On the same block as Willoughby General and ideally located a block from the Myrtle/Willoughby G train plus great bus and bike lane access. All mechanicals are in good condition and the building is fully functioning. Vacant and delivered as such. Income and expense sheet available upon request.

Co-Listed By

David Beegun

Corcoran Group License #10401261934

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,145

Lot Details

  • 1,873

Home Design

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 1767

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,145

Lot Details

0

Listing Details

  • Cross Street: Marcy Avenue & Tompkins Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford - Stuyvesant
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Rooms (Total): 10

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 3

Tax Info

  • Tax Block: 1767

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2018
Closed on
Feb 21, 2019
Sold by
Breukelen 532 Willoughby Llc
Bought by
Lebowitz Abraham
List Price
$1,349,000
Sold Price
$1,200,000
Premium/Discount to List
-$149,000
-11.05%
Current Estimated Value
$1,678,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,527
Avg. Annual Appreciation
5.44%
Original Mortgage
$257,710
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2011
Sold by
Black Spruce Properties Llc
Bought by
Breukelen 532 Willoughby Llc

Purchase Details

Closed on
Mar 31, 2010
Sold by
Hsbc Bank Usa National Association As and % 3 Ada
Bought by
Hsbc Bank Usa National Association As

Purchase Details

Closed on
Mar 18, 2010
Sold by
Romero Manuel
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Dec 30, 2005
Sold by
Mortgage Electronic Registration Systems
Bought by
Gross Group Inc

Purchase Details

Closed on
Oct 13, 2005
Sold by
Barbaro As Referee Stephen V
Bought by
Mortgage Electronic Registration Systems
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
Lebowitz Abraham $1,200,000 --
Breukelen 532 Willoughby Llc -- --
Black Spruce Properties Llc $320,000 --
Hsbc Bank Usa National Association As -- --
Hsbc Bank Usa National Association $3,812 --
Gross Group Inc $425,000 --
Mortgage Electronic Registration Systems $449,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lebowitz Abraham $208,500
Closed Lebowitz Abraham $257,710
Previous Owner Breukelen 532 Willoughby Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2019 02/21/19 Sold $1,200,000 -11.0% $533 / Sq Ft
01/22/2019 01/22/19 Pending -- -- --
11/02/2018 11/02/18 For Sale $1,349,000 -- $600 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,145 $113,280 $10,860 $102,420
2024 $4,145 $89,460 $10,860 $78,600
2023 $4,075 $92,160 $10,860 $81,300
2022 $3,848 $92,280 $10,860 $81,420
2021 $3,830 $84,660 $10,860 $73,800
2020 $1,902 $72,180 $10,860 $61,320
2019 $2,701 $78,960 $10,860 $68,100
2018 $3,408 $16,719 $2,993 $13,726
2017 $3,274 $16,063 $4,536 $11,527
2016 $3,032 $15,166 $5,779 $9,387
2015 $1,828 $15,151 $6,499 $8,652
2014 $1,828 $14,330 $5,577 $8,753
Source: Public Records

Agents Affiliated with this Home

  • David Beegun

    Seller Co-Listing Agent in 2019

    David Beegun

    Corcoran Group

    (917) 369-0228

    3 in this area

    25 Total Sales

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10507084

Real Estate Board of New York (REBNY)

APN: 01767-0013

New York Kings County Brooklyn 11206 Bed-Stuy

532 Willoughby Ave, Brooklyn, NY

This home is located at 532 Willoughby Ave, Brooklyn, NY 11206 since 02 November 2018 and is currently estimated at $1,678,527, approximately $746 per square foot. 532 Willoughby Ave is a home located in Kings County with nearby schools including P.S. 23 - Carter G. Woodson, The Brooklyn Charter School, and Walk in Love Christian Academy.

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.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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