H
Seller's Agent in 2025
Hugo Salazar
RE/MAX
(917) 804-3713
3 in this area
35 Total Sales
5624 5th Ave Brooklyn, NY 11220
Sunset Park Neighborhood
--
Bed
--
Bath
7,700
Sq Ft
2,077
Sq Ft Lot
Highlights
- Tile Flooring
- 5-minute walk to 59 Street (N,R Line)
- 4-minute walk to Rainbow Playground
- IS 220 John J. Pershing Rated A-
- Back Yard
About This Home
As of February 2025Corner building 2 stores 6 family @ 5th Ave. Building size 26X75, Lot size 26X81. Annual income $270,564, gross expense $56,746, net $213,818, 7% return. Great location, near restaurant, subway & shopping.
Last Agent to Sell the Property
RE/MAX Real Estate Professionals License #31SA1010105 Listed on: 04/08/2024
Property Details
Property Type
- Other
Est. Annual Taxes
- $24,122
Year Built
- Built in 1907
Lot Details
- 2,077 Sq Ft Lot
- Lot Dimensions are 81 x 26
- Back Yard
- Property is zoned C4-3A
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 7,700 Sq Ft Home
- 4-Story Property
- Tile Flooring
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 839
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $8,638
- Insurance Expense $10,599
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2024
Closed on
Feb 28, 2025
Sold by
5624 Llc
Bought by
5624 5Th Ave Llc
Seller's Agent
Hugo Salazar
RE/MAX Real Estate Professionals
Buyer's Agent
Hang Chen
RE/MAX Real Estate Professionals
List Price
$3,200,000
Sold Price
$2,500,000
Premium/Discount to List
-$700,000
-21.88%
Views
9
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
$47,337
Avg. Annual Appreciation
2.08%
Original Mortgage
$1,800,000
Outstanding Balance
$1,787,859
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$759,478
Purchase Details
Closed on
Dec 5, 2016
Sold by
Villar Richard
Bought by
5624 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
4.03%
Mortgage Type
Commercial
Purchase Details
Closed on
May 19, 2011
Sold by
Villar Mirtha and Villar Richard
Bought by
Villar Richard
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,500,000 | -- | |
| Deed | $2,500,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,800,000 | Purchase Money Mortgage | |
| Closed | $1,800,000 | Purchase Money Mortgage | |
| Previous Owner | $1,300,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $2,500,000 | -21.9% | $325 / Sq Ft |
| 04/08/2024 04/08/24 | Pending | -- | -- | -- |
| 04/08/2024 04/08/24 | For Sale | $3,200,000 | -- | $416 / 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 |
|---|---|---|---|---|
| 2025 | $26,551 | $524,250 | $13,050 | $511,200 |
| 2024 | $26,551 | $655,200 | $13,050 | $642,150 |
| 2023 | $24,122 | $607,500 | $13,050 | $594,450 |
| 2022 | $24,059 | $616,050 | $13,050 | $603,000 |
| 2021 | $22,545 | $567,900 | $13,050 | $554,850 |
| 2020 | $10,541 | $623,250 | $13,050 | $610,200 |
| 2019 | $20,603 | $633,240 | $13,050 | $620,190 |
| 2018 | $19,933 | $151,262 | $2,494 | $148,768 |
| 2017 | $19,239 | $151,262 | $2,641 | $148,621 |
| 2016 | $18,226 | $141,376 | $2,722 | $138,654 |
| 2015 | $11,723 | $134,456 | $2,805 | $131,651 |
| 2014 | $11,723 | $125,664 | $3,147 | $122,517 |
Source: Public Records
Agents Affiliated with this Home
-
Hugo Salazar
-
Hang Chen
H
Buyer's Agent in 2025
Hang Chen
RE/MAX
(646) 239-5999
26 in this area
204 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 481129
APN: 00839-0045
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