NOT LISTED FOR SALE

5708 7th Ave Unit 5A Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated Value: $514,000 - $647,000

2 Beds
1 Bath
581 Sq Ft
2008 Built

Last Sold February 17, 2022

Last sale price $560,000 $964 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,194/month

Highlights

  • Intercom to Front Desk
  • P.S. 69 Vincent D Grippo School Rated A
  • 4-minute walk to Rainbow Playground

About This Home

As of February 2022

Introducing an opportunity to own this condo located in the coveted area of Sunset Park, Brooklyn. There are 12 years of tax abatement left. The condo is approximately 581 sq ft use as two bedrooms, 1 full bathroom, a living room, and an open kitchen concept. The condo also features an in-unit washer and dryer for your own convenience as well as an elevator for easy ups and downs. The condo is only a short distance away from the popular 8th Avenue and it is flooded with restaurants, shops, doctors' offices, pharmacies, and supermarkets. The property is located conveniently by public transportation options including B9, B16, B70, and the N train.

Last Agent to Sell the Property

WeiXing(Winston) Lao

E House Realty & Mgt. Inc. Listed on: 10/12/2021

Co-Listed By

MingQin Sun (Phoebe)

E House Realty & Mgt. Inc

Last Buyer's Agent

MingQin Sun (Phoebe)

E House Realty & Mgt. Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $153

Year Built

  • Built in 2008

Home Design

  • 581 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Stove
  • Window Unit Cooling System

Listing and Financial Details

  • Tax Block 849
  • Property eligible for a tax abatement

Community Details

Overview

  • 10 Units
  • Association Phone (212) 349-5392
  • Condo
  • Property managed by Bethel Management Inc

Amenities

  • Intercom to Front Desk
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$153

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Beds Total Level1: 2
  • Borough: Brooklyn
  • Co List Office Mls Id: 117391
  • Co List Office Phone: (718) 551-4795
  • Confirmed By M L S Y N: Yes
  • Cross Street: Between 57th St and 58th St
  • Down Payment Required: 20
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: Unknown
  • Maintenance Common Fee: 288.00
  • Negotiate Thru: Broker
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Dryer, Elevator, Refrigerator, Stove, Washer
  • Rooms Total Level1: 2
  • Fill Sq Ft Total: 581
  • Street Name I D X: 7th
  • Street Number I D X: 5708
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Floor: 5
  • Room Count: 3
  • Total Rooms: 2
  • Basement Type: Apartment

Exterior Features

  • Lot Number: 1009

Utilities

  • Air Conditioning Units: 0
  • Utilities: Sewer, Water

Condo/Co-op/Association

  • Management Company: Bethel Management Inc
  • Manager Phone: 212-349-5392
  • Units In Building: 10

Lot Info

  • Building Project Name: Condo

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 153.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Feb 17, 2022
Sold by
Chan Hiu Wai and Lin Yan
Bought by
Leong Wai Moon
Seller's Agent
WeiXing(Winston) Lao
E House Realty & Mgt. Inc.
Buyer's Agent
MingQin Sun (Phoebe)
E House Realty & Mgt. Inc
Sold Price
$560,000
Current Estimated Value
$583,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,933
Avg. Annual Appreciation
1.49%
Original Mortgage
$388,000
Outstanding Balance
$362,902
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$226,795

Purchase Details

Closed on
Sep 25, 2017
Sold by
Zheng Ri Ji
Bought by
Chan Hiu Wai and Lin Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2012
Sold by
Trahall Realty Inc
Bought by
Zheng Ri Ji
Source: Public Records

Range of Values:

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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
Leong Wai Moon $560,000 --
Chan Hiu Wai $470,000 --
Zheng Ri Ji $218,010 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leong Wai Moon $388,000
Previous Owner Chan Hiu Wai $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2022 02/17/22 Sold $560,000 -- $964 / Sq Ft
10/12/2021 10/12/21 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 $156 $66,491 $4,853 $61,638
2024 $156 $68,939 $4,853 $64,086
2023 $153 $69,429 $4,853 $64,576
2022 $152 $70,628 $4,853 $65,775
2021 $153 $61,594 $4,853 $56,741
2020 $75 $69,605 $4,853 $64,752
2019 $157 $69,471 $4,853 $64,618
2018 $158 $64,220 $4,853 $59,367
2017 $158 $61,327 $4,853 $56,474
2016 $160 $67,469 $4,854 $62,615
2015 $125 $45,350 $4,853 $40,497
2014 $125 $42,947 $4,854 $38,093
Source: Public Records

Agents Affiliated with this Home

  • WeiXing(Winston) Lao

    Seller's Agent in 2022

    WeiXing(Winston) Lao

    E House Realty & Mgt. Inc.

    (347) 839-8822

    8 in this area

    27 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2022

    MingQin Sun (Phoebe)

    E House Realty & Mgt. Inc

    (917) 821-1966

    19 in this area

    102 Total Sales

    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 456310

Brooklyn Board of REALTORS®

APN: 00849-1009

New York Kings County Brooklyn 11220 Sunset Park

5708 7th Ave Unit 5A, Brooklyn, NY

This home is located at 5708 7th Ave Unit 5A, Brooklyn, NY 11220 since 12 October 2021 and is currently estimated at $569,807, approximately $980 per square foot. This property was built in 2008. 5708 7th Ave Unit 5A is a home located in Kings County with nearby schools including P.S. 69 Vincent D Grippo School, IS 220 John J. Pershing, and Fort Hamilton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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