NOT LISTED FOR SALE

548 Monroe St Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,640,622 - $2,399,000

Studio
-- Bath
2,972 Sq Ft
$639/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $1,525,000 $513 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $10,245/month

249 Days on Market

About This Home

As of May 2022

Don't let this opportunity to own property in the rapidly growing Stuyvesant Heights pass you by! Recently renovated in 2019, this multi-family brown stone proves itself to be a great investment for both now and the future. This nearly 3,000 square foot building provides ample space for elegant design. Whether you decide to create the tri-plex haven of your dreams with a garden apartment, to live in the one two floor apartment and rent the rest, or to rent the entire building for even more passive income...opportunity awaits. Location is everything, and this one delivers. Being within walking distance to the many restaurants, shops and stores of vibrant Atlantic Avenue, makes this property a must have. Schedule your appointment today!

Last Agent to Sell the Property

William Lee

Curasi Realty, Inc. License #10401326288 Listed on: 07/15/2021

Curasi Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,845

Year Built

  • Built in 1899

Lot Details

  • 1,651 Sq Ft Lot
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 2,972 Sq Ft Home
  • Basement Fills Entire Space Under The House

Location

  • Property is near public transit

Schools

  • JHS 57 Whitelaw Reid Middle School
  • Boys And Girls High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Electric Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,845

Year Built

Built in 1899

Lot Details

1,651 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1899
  • Attribution Contact: 845-457-9174
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Basement: Full
  • Living Area: 2972.00
  • Square Footage: 2972.00

Exterior Features

  • Construction Materials: Brick, Stone

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Radiant
  • Hot Water: Electric Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 57 Whitelaw Reid

Lot Info

  • Lot Size Acres: 0.0400
  • Lot Size Sq Ft: 1651.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Property Attached: No

Tax Info

  • Close Date: 2022-05-24
  • Tax Annual Amount: 3845.00

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Boys And Girls High School
  • Middle School District: Brooklyn 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
May 24, 2022
Sold by
Stovall Janice and Testman Heywood
Bought by
Hughes Lyrana
Seller's Agent
William Lee
Curasi Realty, Inc.
List Price
$1,800,000
Sold Price
$1,525,000
Premium/Discount to List
-$275,000
-15.28%
Current Estimated Value
$1,899,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,156
Avg. Annual Appreciation
5.91%
Original Mortgage
$1,220,000
Outstanding Balance
$1,157,403
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$741,753

Purchase Details

Closed on
Sep 11, 1998
Sold by
Stovall Catherine and Stovall Enletta
Bought by
Testman Janice and Stovall Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Hughes Lyrana $1,525,000 --
Testman Janice $110,592 Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes Lyrana $1,220,000
Previous Owner Testman Janice $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2022 05/24/22 Sold $1,525,000 -4.7% $513 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
01/31/2022 01/31/22 Price Changed $1,600,000 -11.1% $538 / Sq Ft
07/15/2021 07/15/21 For Sale $1,800,000 -- $606 / Sq Ft
Source: OneKey® MLS

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 $4,361 $96,120 $20,580 $75,540
2024 $4,361 $87,000 $20,580 $66,420
2023 $4,162 $93,180 $20,580 $72,600
2022 $2,897 $81,240 $20,580 $60,660
2021 $3,845 $74,640 $20,580 $54,060
2019 $3,785 $91,920 $20,580 $71,340
2018 $3,481 $17,076 $3,788 $13,288
2017 $3,287 $16,123 $5,037 $11,086
2016 $3,044 $15,225 $6,165 $9,060
2015 $1,835 $15,225 $7,543 $7,682
2014 $1,835 $15,078 $8,962 $6,116
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    William Lee

    Curasi Realty, Inc.

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Map

Source: OneKey® MLS

MLS Number: KEY6120257

OneKey® MLS

APN: 01640-0010

New York Kings County Brooklyn 11221 Bed-Stuy

548 Monroe St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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Based on information submitted to the MLS GRID

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