NOT LISTED FOR SALE

570 Ovington Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated Value: $1,482,000 - $1,707,000

5 Beds
3 Baths
3,192 Sq Ft
$488/Sq Ft Est. Value

Last Sold February 11, 2020

Last sale price $1,200,000 $376 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $9,093/month

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back and Front Yard
  • Junior High School 259 William McKinley Rated A

About This Home

As of February 2020

Bay Ridge Brick 2 Family with an extra large lot. 5 Bedrooms, 3 Baths and a tremendous yard. Needs some TLC so bring your imagination and turn this into your dream home. Building is 20x55 and the lot is a rare 20x153 close to everything Bay Ridge has to offer.

Last Agent to Sell the Property

James Nelson

Ben Bay Realty Co of Bay Ridge Listed on: 09/29/2019

Co-Listed By

Jeffrey Midthassel

Ben Bay Realty Co of Bay Ridge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,511

Lot Details

  • 3,067 Sq Ft Lot
  • Lot Dimensions are 153 x 20
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3,192 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 5893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,511

Lot Details

0

Listing Details

  • Basement Amenities: Semi-Finished
  • Total Bathrooms: 3.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Co List Office Mls Id: 116071
  • Co List Office Phone: (718) 238-6080
  • Confirmed By M L S Y N: Yes
  • Cross Street: 5th Av
  • Cross Street Name2: 6th Av
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Rooms Total Level3: 5
  • Fill Sq Ft Total: 3192
  • Building Stories: 2
  • Street Name I D X: Ovington
  • Building Style: Other
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Carpeting, Hardwood, Laminate
  • Lot Sq Ft: 3067

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 40
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 153
  • Lot Size Width: 20
  • Zoning: R5B

Tax Info

  • Flip Tax Amount: 7511.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2019
Closed on
Feb 11, 2020
Sold by
Carol Ann Schmidt As Trustee and Erich Schmidt Trust
Bought by
Ye Dongmei and Zhang Yingshi
Seller's Agent
James Nelson
Ben Bay Realty Co of Bay Ridge
Sold Price
$1,200,000
Current Estimated Value
$1,559,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,093
Avg. Annual Appreciation
4.51%
Original Mortgage
$470,000
Outstanding Balance
$414,373
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,144,720

Purchase Details

Closed on
Mar 14, 2005
Sold by
Scmidt Erich
Bought by
Erich Schmidt Trustee and The Erich Schmidt Living Trust Utd
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ye Dongmei $1,200,000 --
Ye Dongmei $1,200,000 --
Ye Dongmei $1,200,000 --
Erich Schmidt Trustee -- --
Erich Schmidt Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ye Dongmei $470,000
Closed Ye Dongmei $470,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2020 02/11/20 Sold $1,200,000 -- $376 / Sq Ft
09/29/2019 09/29/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $11,281 $85,140 $25,740 $59,400
2024 $11,281 $79,080 $25,740 $53,340
2023 $10,883 $88,140 $25,740 $62,400
2022 $10,182 $82,020 $25,740 $56,280
2021 $10,734 $89,940 $25,740 $64,200
2020 $4,567 $76,620 $18,780 $57,840
2019 $7,961 $84,720 $18,780 $65,940
2018 $7,302 $39,055 $10,695 $28,360
2017 $6,877 $36,903 $10,240 $26,663
2016 $6,756 $36,903 $11,436 $25,467
2015 $3,760 $36,376 $14,634 $21,742
2014 $3,760 $34,338 $12,082 $22,256
Source: Public Records

Agents Affiliated with this Home

  • James Nelson

    Seller's Agent in 2020

    James Nelson

    Ben Bay Realty Co of Bay Ridge

    (646) 879-2988

    6 in this area

    43 Total Sales

    James Nelson
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jeffrey Midthassel

    Ben Bay Realty Co of Bay Ridge

    (718) 300-9098

    1 Total Sale

    Jeffrey Midthassel
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 433667

Brooklyn Board of REALTORS®

APN: 05893-0040

New York Kings County Brooklyn 11209 Bay Ridge

570 Ovington Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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