NOT LISTED FOR SALE

Estimated Value: $906,051 - $1,278,000

7 Beds
5 Baths
3,100 Sq Ft
$375/Sq Ft Est. Value

Last Sold July 09, 2024

Last sale price $1,075,000 $347 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,673/month

183 Days on Market

Highlights

  • Property is near public transit
  • 1-minute walk to Grant Avenue
  • Park
  • Wood Flooring
  • 1 Car Attached Garage
  • Entrance Foyer

About This Home

As of July 2024

Location! Location! Welcome to this huge 2-family apartment featuring 3 levels with 3 bright & spacious bedrooms, 1.5 baths, 1 car garage, and a private driveway that fits 4 cars. This brick home is a well-maintained property that was built in 1965. Great investment opportunity to own this one-of-kind, income-producing property in the desirable Cypress Hills area. This property is conveniently located just one block away from the A-train, close to the bus, shopping, parkway, and JFK.

Last Agent to Sell the Property

Shobna Kowlessar

Charles Rutenberg Realty Inc Brokerage Phone: 516-967-5661 License #10301221417 Listed on: 10/07/2023

Charles Rutenberg Realty Inc

Last Buyer's Agent

Non Member

NonMember

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,949

Year Built

  • Built in 1965

Lot Details

  • 3,191 Sq Ft Lot
  • Lot Dimensions are 31.75x100.5
  • No Common Walls
  • Back Yard Fenced
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Entrance Foyer
  • Storage
  • Wood Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms

Location

  • Property is near public transit

Schools

  • JHS 218 James P Sinnott Middle School
  • Transit Tech Career And Tech Edu High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas
  • Legal Lot and Block 16 / 4224
  • Assessor Parcel Number 04224-0016

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,949

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Semi Detached
  • Property SubType: Multi Family
  • Property Condition: Excellent
  • Levels: Three Or More
  • Year Built: 1965
  • New Construction: No
  • Attribution Contact: 516-967-5661
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Interior Amenities: Entrance Foyer, Storage
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Basement: None
  • Inclusions: Light Fixtures,Refrigerator,Shed
  • Total Bedrooms: 7
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Brick
  • Fencing: Back Yard
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 4
  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 3
  • SeparateHotwaterHeaterDetail: Y

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 218 James P Sinnott

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 31.75x100.5
  • Lot Size Sq Ft: 3191
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 04224-0016
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-10-09

Rental Info

  • Lease Considered: No
  • Tenant Pays: Cooking Gas
  • Available Date: 2024-06-10

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 6948.92
  • Tax Block: 4224
  • Tax Lot: 16
  • Tax Map Number: 04224-0016
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • High School: Transit Tech Career And Tech Edu
  • Middle School District: Brooklyn 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2023
Closed on
Jul 9, 2024
Sold by
Bahadur Christopher and Bahadur Droomathy C
Bought by
Hossain Mosharef
Seller's Agent
Shobna Kowlessar
Charles Rutenberg Realty Inc
Buyer's Agent
Non Member
NonMember
List Price
$1,299,999
Sold Price
$1,075,000
Premium/Discount to List
-$224,999
-17.31%
Views
210
Current Estimated Value
$1,161,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,263
Avg. Annual Appreciation
5.43%
Original Mortgage
$860,000
Outstanding Balance
$848,101
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$313,162

Purchase Details

Closed on
Jul 24, 2001
Sold by
Bahadur Droomathy C
Bought by
Bahadur Droomathy C and Bahadur Christopher
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
Hossain Mosharef $1,075,000 --
Hossain Mosharef $1,075,000 --
Bahadur Droomathy C -- --
Bahadur Droomathy C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hossain Mosharef $860,000
Closed Hossain Mosharef $860,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $1,075,000 -17.3% $347 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
10/07/2023 10/07/23 For Sale $1,299,999 -- $419 / Sq Ft
Source: OneKey® MLS

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 $7,282 $44,700 $14,280 $30,420
2024 $7,282 $52,620 $14,280 $38,340
2023 $6,949 $52,980 $14,280 $38,700
2022 $6,444 $43,380 $14,280 $29,100
2021 $6,409 $40,800 $14,280 $26,520
2020 $6,409 $49,440 $14,280 $35,160
2019 $6,320 $39,300 $14,280 $25,020
2018 $5,515 $28,513 $11,034 $17,479
2017 $5,184 $26,900 $9,319 $17,581
2016 $4,660 $25,380 $9,984 $15,396
2015 $2,841 $25,380 $14,394 $10,986
2014 $2,841 $25,179 $14,337 $10,842
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3509148

OneKey® MLS

APN: 04224-0016