Seller Co-Listing Agent in 2019
Erica Nieves-Negron
Corcoran Group
(646) 764-6094
2 in this area
37 Total Sales
552 50th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,042,578 - $1,867,000
Studio
--
Bath
1,728
Sq Ft
$867/Sq Ft
Est. Value
About This Home
As of August 2019Best value in Sunset Parks opportunity zone. Located in the authentic 1900s building configured block of 50th street, with a little old and new, this two-family home on a 16 x 100 ft lot is the perfect opportunity to live and collect rent or create something larger. Ideal for both investors and end users with additional buildable square footage. Semi fished full basement 7 ft ceilings, private entrance and backyard access is fabulous additional storage or an in-law suite. Large back yard space makes for a sensational entertaining and outdoor living. Conveniently located on a tree lined block in the heart of the Sunset Park. Right off bustling 5th avenue shops, restaurants and minutes away from the R train. This home is in the epicenter of a culturally rich neighborhood. Sunset Park is known for its spectacular views of the city, its gorgeous sunsets, great restaurants and artsy vibe. Prewar details and architectural charm help this block stand out. Minutes to the city by train, bus or by ferry. A short distance away from Bush Terminal Park and water front, to enjoy a day out for a stroll, bike ride or to just take in the view.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1899
Home Design
- Pre War Building
Additional Features
- 2-Story Property
- Lot Dimensions are 100.0 x 16.0
Community Details
- 2 Units
- Sunset Park Subdivision
Listing and Financial Details
- Legal Lot and Block 23 / 792
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2019
Closed on
Aug 23, 2019
Sold by
Nunes Carmen and Nunes Christian
Bought by
Chen Cailin and Chen Xiaohui
List Price
$1,100,000
Sold Price
$1,150,000
Premium/Discount to List
$50,000
4.55%
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
$347,395
Avg. Annual Appreciation
4.20%
Original Mortgage
$805,000
Outstanding Balance
$703,500
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$793,895
Purchase Details
Closed on
Aug 1, 2003
Sold by
Nunes and Carmen
Bought by
Nunes Carmen and Nunes Christian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,500
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Cailin | $1,150,000 | -- | |
| Chen Cailin | $1,150,000 | -- | |
| Chen Cailin | $1,150,000 | -- | |
| Nunes Carmen | -- | -- | |
| Nunes Carmen | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Cailin | $805,000 | |
| Closed | Chen Cailin | $805,000 | |
| Previous Owner | Nunes Carmen | $183,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/23/2019 08/23/19 | Sold | $1,150,000 | +4.5% | $666 / Sq Ft |
| 07/24/2019 07/24/19 | Pending | -- | -- | -- |
| 05/11/2019 05/11/19 | For Sale | $1,100,000 | -- | $637 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
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 | $4,778 | $63,480 | $18,480 | $45,000 |
| 2024 | $4,778 | $69,720 | $18,480 | $51,240 |
| 2023 | $4,561 | $65,460 | $18,480 | $46,980 |
| 2022 | $4,233 | $67,620 | $18,480 | $49,140 |
| 2021 | $4,214 | $52,200 | $18,480 | $33,720 |
| 2020 | $2,093 | $56,100 | $18,480 | $37,620 |
| 2019 | $4,147 | $54,420 | $18,480 | $35,940 |
| 2018 | $3,815 | $18,717 | $5,968 | $12,749 |
| 2017 | $3,602 | $17,672 | $7,041 | $10,631 |
| 2016 | $3,336 | $16,687 | $5,742 | $10,945 |
| 2015 | $1,791 | $16,670 | $7,171 | $9,499 |
| 2014 | $1,791 | $16,520 | $8,117 | $8,403 |
Source: Public Records
Agents Affiliated with this Home
-
Erica Nieves-Negron
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10551511
APN: 00792-0023
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