Seller's Agent in 2023
Dan Dong
RE/MAX
(929) 291-9897
31 in this area
270 Total Sales
5518 7th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,510,000 - $2,385,790
--
Bed
--
Bath
1,984
Sq Ft
$1,066/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Heating System Uses Steam
- 2-minute walk to Rainbow Playground
- P.S. 105 The Blythebourne Rated A-
- Back Yard
About This Home
As of September 2023GREAT FOR INVESTORS!!! Zoning R7A, COMMERCIAL OVERLAY C2-4! First time on the market attached property currently using as residential 2 family home in the Prime Location on 7 Avenue between 55th and 56th Street! Building size 16x62 on a 16x72 lot. First floor is a 2 bedrooms (can be easily converted into 3 bedrooms). 2nd floor features 2 bedrooms but can be used as 3 bedrooms. Approximately 1000 sqft per floor plus high ceiling basement! Low property tax with only $5,813/year. One of the busiest foot traffic streets! The investment potential is endless! WILL BE DELIVERED VACANT!
Property Details
Property Type
- Other
Est. Annual Taxes
- $5,813
Year Built
- Built in 1945
Lot Details
- 1,152 Sq Ft Lot
- Lot Dimensions are 72 x 16
- Back Yard
- Property is zoned R7A
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 1,984 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Cellar
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 833
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2023
Closed on
Sep 22, 2023
Sold by
Friello Premises Trust and Mary
Bought by
Royal J And J Llc
Seller's Agent
Dan Dong
RE/MAX Edge
Buyer's Agent
Ping Chen
RE/MAX Edge
List Price
$2,388,000
Sold Price
$2,235,000
Premium/Discount to List
-$153,000
-6.41%
Views
4
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
-$119,302
Avg. Annual Appreciation
-2.58%
Original Mortgage
$1,350,000
Outstanding Balance
$1,322,786
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$792,912
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Royal J And J Llc | $2,235,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Royal J And J Llc | $1,350,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/22/2023 09/22/23 | Sold | $2,235,000 | -6.4% | $1,127 / Sq Ft |
| 03/17/2023 03/17/23 | Pending | -- | -- | -- |
| 03/17/2023 03/17/23 | For Sale | $2,388,000 | -- | $1,204 / Sq Ft |
Source: Brooklyn Board of REALTORS®
Tax History Compared to Growth
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 | $6,447 | $64,500 | $18,660 | $45,840 |
| 2024 | $6,447 | $61,680 | $18,660 | $43,020 |
| 2023 | $6,156 | $75,660 | $18,660 | $57,000 |
| 2022 | $4,286 | $68,760 | $18,660 | $50,100 |
| 2021 | $5,026 | $54,720 | $18,660 | $36,060 |
| 2020 | $4,428 | $64,260 | $18,660 | $45,600 |
| 2019 | $4,937 | $62,820 | $18,660 | $44,160 |
| 2018 | $4,490 | $25,258 | $6,519 | $18,739 |
| 2017 | $4,217 | $23,856 | $9,711 | $14,145 |
| 2016 | $1,629 | $22,510 | $8,121 | $14,389 |
| 2015 | $918 | $22,492 | $10,763 | $11,729 |
| 2014 | $918 | $22,293 | $12,793 | $9,500 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Dong
-
Ping Chen
Buyer's Agent in 2023
Ping Chen
RE/MAX
(917) 536-3632
21 in this area
124 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 472589
APN: 00833-0046
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