H
Seller's Agent in 2023
Hang Chen
RE/MAX
(646) 239-5999
26 in this area
206 Total Sales
5812 8th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $3,278,732
Studio
--
Bath
3,300
Sq Ft
$994/Sq Ft
Est. Value
Highlights
- Tile Flooring
- 3-minute walk to 8 Avenue
- Back Yard
- P.S. 69 Vincent D Grippo School Rated A-
- Hot Water Heating System
About This Home
As of August 2023Mixed-use 1 store and 2 family located at 8th Avenue between 58th St and 59th St in Sunset Park. 1st floor is a bakery with a legal extension of 20X80. 2nd floor is a single family with 2 bedrooms. 3rd floor is 3 bedrooms. It has 3 separate gas meters, 5 separate gas lines, 3 separate electric panels, and separate boilers.
Property Details
Property Type
- Other
Est. Annual Taxes
- $5,551
Year Built
- Built in 1931
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 80 x 20
- Back Yard
- Property is zoned R6
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 3,300 Sq Ft Home
- 3-Story Property
- Tile Flooring
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tax Block 858
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 28, 2022
Closed on
Aug 9, 2023
Sold by
5812 8 Ave Llc
Bought by
58 Bk Ny Llc
Seller's Agent
Hang Chen
RE/MAX Real Estate Professionals
Buyer's Agent
Hang Chen
RE/MAX Real Estate Professionals
List Price
$5,880,000
Sold Price
$3,200,000
Premium/Discount to List
-$2,680,000
-45.58%
Views
2
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
$78,732
Original Mortgage
$2,000,000
Outstanding Balance
$1,950,495
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 7, 2020
Sold by
Khalil Jamal A and Khalil Monzer
Bought by
5812 8 Avenue Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 27, 2000
Sold by
Khalil Khalid
Bought by
Khalil Jamal A
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 58 Bk Ny Llc | $3,200,000 | -- | |
| 58 Bk Ny Llc | $3,200,000 | -- | |
| 58 Bk Ny Llc | $3,200,000 | -- | |
| 5812 8 Avenue Llc | $1,600,000 | -- | |
| 5812 8 Avenue Llc | $1,600,000 | -- | |
| 5812 8 Avenue Llc | $1,600,000 | -- | |
| Khalil Jamal A | -- | Commonwealth Land Title Ins | |
| Khalil Jamal A | -- | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 58 Bk Ny Llc | $2,000,000 | |
| Closed | 58 Bk Ny Llc | $2,000,000 | |
| Previous Owner | 5812 8 Avenue Llc | $1,600,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2023 08/09/23 | Sold | $3,200,000 | -20.0% | $970 / Sq Ft |
| 03/28/2023 03/28/23 | Price Changed | $4,000,000 | -4.8% | $1,212 / Sq Ft |
| 03/22/2023 03/22/23 | Price Changed | $4,200,000 | -8.7% | $1,273 / Sq Ft |
| 03/22/2023 03/22/23 | Price Changed | $4,600,000 | -20.7% | $1,394 / Sq Ft |
| 11/10/2022 11/10/22 | Price Changed | $5,800,000 | -1.4% | $1,758 / Sq Ft |
| 03/28/2022 03/28/22 | For Sale | $5,880,000 | -- | $1,782 / Sq Ft |
| 03/28/2022 03/28/22 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Tax History Compared to Growth
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 | $5,702 | $108,180 | $10,140 | $98,040 |
| 2024 | $5,702 | $111,240 | $10,140 | $101,100 |
| 2023 | $5,440 | $98,340 | $10,140 | $88,200 |
| 2022 | $5,278 | $77,220 | $10,140 | $67,080 |
| 2021 | $5,551 | $71,940 | $10,140 | $61,800 |
| 2019 | $4,949 | $49,560 | $10,140 | $39,420 |
| 2018 | $4,550 | $22,320 | $5,483 | $16,837 |
| 2017 | $4,491 | $22,032 | $5,800 | $16,232 |
| 2016 | $4,394 | $21,979 | $6,943 | $15,036 |
| 2015 | $2,507 | $20,736 | $7,857 | $12,879 |
| 2014 | $2,507 | $19,716 | $8,957 | $10,759 |
Source: Public Records
Agents Affiliated with this Home
-
Hang Chen
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 460234
APN: 00858-0042
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