Seller's Agent in 2025
Kevin Stile
Bergen Basin Realty LLC
(917) 627-3169
9 in this area
30 Total Sales
5507 Avenue N Brooklyn, NY 11234
Flatlands NeighborhoodEstimated Value: $1,119,786
Studio
--
Bath
3,450
Sq Ft
$325/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Heating System Uses Steam
- Back Yard
About This Home
As of June 2025Our Commercial division is delighted to present this well sought after semi-detached mixed-use building in the Old Mill Basin section of Brooklyn NY. The oversized property is 3,450 interior usable space. The top floor consists of a 3-bedroom ,1 bath unit that is in need of renovation and the projected rent for a large 3 bedroom is Impressive. The second floor is set-up as a BEAUTIFUL office space with a conference room, private offices and administration station and has European bathroom. The space is ideal for end user or professional tenant to occupy. The first-floor tenant is a well-established nail salon and spa in the community, they utilize the first floor and the finished basement plus pay (90% of water bill). All the tenants pay their own gas and electric, all mechanicals have been up-dated. This is an ideal investment property for anyone's portfolio or owner user.
Property Details
Property Type
- Other
Est. Annual Taxes
- $11,201
Lot Details
- 1,950 Sq Ft Lot
- Lot Dimensions are 100 x 19
- Back Yard
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 3,450 Sq Ft Home
- 3-Story Property
- Finished Basement
Flooring
- Wood
- Tile
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 7880
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2024
Closed on
Jun 4, 2025
Sold by
5507 Avenue N Llc
Bought by
5507 N Assoc Llc
Seller's Agent
Kevin Stile
Bergen Basin Realty LLC
Buyer's Agent
Jason Sciulara
Bergen Basin Realty LLC
List Price
$1,289,000
Sold Price
$1,100,000
Premium/Discount to List
-$189,000
-14.66%
Views
10
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
$19,786
Avg. Annual Appreciation
1.96%
Original Mortgage
$770,000
Outstanding Balance
$763,213
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$356,573
Purchase Details
Closed on
Sep 8, 2003
Sold by
Evangelista Diana and Evangelista Peter
Bought by
5507 Avenue N Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 5507 N Assoc Llc | $1,100,000 | -- | |
| 5507 Avenue N Llc | -- | -- | |
| 5507 Avenue N Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 5507 N Assoc Llc | $770,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Sold | $1,100,000 | -14.7% | $319 / Sq Ft |
| 11/07/2024 11/07/24 | For Sale | $1,289,000 | +17.2% | $374 / Sq Ft |
| 11/06/2024 11/06/24 | Off Market | $1,100,000 | -- | -- |
| 10/14/2024 10/14/24 | Price Changed | $1,289,000 | -4.4% | $374 / Sq Ft |
| 09/20/2024 09/20/24 | For Sale | $1,349,000 | 0.0% | $391 / Sq Ft |
| 05/09/2024 05/09/24 | Pending | -- | -- | -- |
| 05/09/2024 05/09/24 | For Sale | $1,349,000 | -- | $391 / Sq Ft |
Source: Brooklyn Board of REALTORS®
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 |
|---|---|---|---|---|
| 2026 | $12,911 | $159,300 | $19,800 | $139,500 |
| 2025 | $9,676 | $139,500 | $19,800 | $119,700 |
| 2024 | $9,676 | $91,350 | $19,800 | $71,550 |
| 2023 | $11,258 | $105,750 | $19,800 | $85,950 |
| 2022 | $15,003 | $139,500 | $19,800 | $119,700 |
| 2021 | $13,234 | $123,750 | $19,800 | $103,950 |
| 2020 | $7,520 | $157,500 | $19,800 | $137,700 |
| 2019 | $15,178 | $157,500 | $19,800 | $137,700 |
| 2018 | $14,364 | $152,100 | $19,800 | $132,300 |
| 2017 | $13,740 | $141,300 | $19,800 | $121,500 |
| 2016 | $13,333 | $136,800 | $19,800 | $117,000 |
| 2015 | $9,011 | $134,100 | $19,800 | $114,300 |
| 2014 | $9,011 | $118,800 | $19,800 | $99,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Stile
-
Jason Sciulara
Seller Co-Listing Agent in 2025
Jason Sciulara
Bergen Basin Realty LLC
(917) 440-9356
29 in this area
194 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 481973
APN: 07880-0008
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