Seller's Agent in 2020
Kelly Wu
RE/MAX Edge
(917) 345-6368
14 in this area
226 Total Sales
5805 8th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $5,403,010
Studio
--
Bath
3,240
Sq Ft
$1,668/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 4-minute walk to 8 Avenue
- Baseboard Heating
- P.S. 105 The Blythebourne Rated A-
About This Home
As of December 2020Excellent investment opportunity!!! Rare find solid brick 1 retail store and 2 residential units mixed use building located on super busy location 8th Avenue business district of Sunset Park. The restaurant currently occupies the retail space and basement. 2nd floor and 3rd floor both feature 4 bedrooms with 1.5 full bathroom each; Building size: 20x54, Lot size:20x80. the whole building were renovated from top to bottom on August 2017. All 3 unit have separate heat and hot water. The restaurant responsible for 50% property tax. The seller only pay 50% property tax and building insurance. Gross current annual income $261,600.(Market rent:312,000). Total expenses:$21,500. the net operating income is $240,100. CAP RATE: 5%. Convenient to all. Can't miss it.
Property Details
Property Type
- Other
Est. Annual Taxes
- $33,000
Year Built
- Built in 1931
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 80 x 20
- Property is zoned R6
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 3,240 Sq Ft Home
- 3-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 5700
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $5,000
- Gross Income $261,600
- Net Operating Income $240,100
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2020
Closed on
Dec 22, 2020
Sold by
Bought by
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Kelly Wu
RE/MAX Edge
Sold Price
$4,680,000
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
$723,010
Avg. Annual Appreciation
2.59%
Original Mortgage
$180,574
Interest Rate
0.027%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 7, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
0.0432%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 18, 2015
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,680,000 | -- | ||
| $4,000,000 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $180,574 | ||
| Previous Owner | $2,800,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2020 12/22/20 | Sold | $4,680,000 | -- | $1,444 / Sq Ft |
| 09/09/2020 09/09/20 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $37,077 | $583,650 | $23,850 | $559,800 |
| 2025 | $35,796 | $375,750 | $23,850 | $351,900 |
| 2024 | $35,796 | $337,950 | $23,850 | $314,100 |
| 2023 | $35,949 | $359,550 | $23,850 | $335,700 |
| 2022 | $35,079 | $343,800 | $23,850 | $319,950 |
| 2021 | $32,676 | $305,550 | $23,850 | $281,700 |
| 2020 | $17,128 | $346,050 | $23,850 | $322,200 |
| 2019 | $26,167 | $333,450 | $23,850 | $309,600 |
| 2018 | $19,772 | $301,950 | $23,850 | $278,100 |
| 2017 | $13,960 | $283,050 | $23,850 | $259,200 |
| 2016 | $8,594 | $304,200 | $23,850 | $280,350 |
| 2015 | $3,072 | $25,550 | $9,686 | $15,864 |
| 2014 | $3,072 | $24,104 | $10,966 | $13,138 |
Source: Public Records
Agents Affiliated with this Home
-
Kelly Wu
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 443472
APN: 05700-0008
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