NOT LISTED FOR SALE

Estimated Value: $1,620,000 - $2,091,000

3 Beds
1 Bath
-- Sq Ft
3,485 Sq Ft Lot

Highlights

  • Pre War Building
  • Terrace
  • Building Terrace
  • Ditmas Junior High school Rated A-
  • Eat-In Kitchen
  • Window Unit Cooling System

About This Home

As of July 2021

Welcome to 588 East 7th st, no more compromising on location, sq ft/bedroom size, or outdoor space. This floor through residence offers condo quality finishes, multiple exposures, and your very own outdoor space with tree top views and privacy. Greeted by the spacious living room in the center of the home, featuring tall ceilings throughout, white oak flooring, and fully renovated (2 years old) kitchen and bathroom. The spacious eat-in kitchen has multiple windows and offers a large amount of cabinet and counter space. The multiple exposures offer lots of natural light throughout the day. The bedrooms are on opposite ends of the house, and offer flexibility of use. Easily fit queen/king sized beds, or create your very own flex space. This home is centrally located, and accessible by train (F, G and Q trains ), highway (Ocean Parkway / Prospect Expressway) and several express bus lines. Easily access the neighborhood?s many options for organic stores, supermarkets, grocery stores, CVS/Walgreens, and laundromats.
Several amazing bars and restaurants are all near by. Reach out anytime to schedule a visit. Fast and easy application process. Visits are by appointment. Sorry no pets. Bike storage may be available.

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 3,485

Home Design

  • Pre War Building
  • Entry on the 2nd floor

Interior Spaces

  • 2-Story Property
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Terrace
  • Lot Dimensions are 100.0 x 35.0
  • Window Unit Cooling System

Listing and Financial Details

  • Property Available on 6/15/21
  • Tax Block 5390

Community Details

Overview

  • 2 Units
  • Kensington Subdivision

Amenities

  • Building Terrace

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

0

Rental Info

  • Available Date: 2021-06-15

Listing Details

  • Cross Street: Cortelyou Road & Ditmas Avenue
  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Kensington
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Features: Eat-in Kitchen

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 3

Exterior Features

  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Dimensions: 100.0 x 35.0

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1920

Tax Info

  • Tax Block: 5390

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2022
Sold by
Hossain Shahanaz
Bought by
Ferdous Jannat and Hossain Shahanaz
Current Estimated Value
$1,850,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,200
Outstanding Balance
$677,365
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,172,696

Purchase Details

Closed on
Sep 24, 2014
Sold by
Begun Musammat and Begun Hossain
Bought by
Hossain Shahanaz

Purchase Details

Closed on
Apr 28, 2008
Sold by
Begun Mussamat and Hossain Sharif
Bought by
Begun Musammat and Hossain Balal

Purchase Details

Closed on
Dec 12, 2005
Sold by
Akhter Naseema and Wani Zouhoor
Bought by
Begum Musammat and Hossain Sharif

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,200
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 14, 2000
Sold by
Penn Herbert and Penn Aida Luz
Bought by
Akhter Naseema and Wani Zouhoor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,900
Interest Rate
7.88%
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
Ferdous Jannat -- --
Ferdous Jannat -- --
Hossain Shahanaz -- --
Hossain Shahanaz -- --
Begun Musammat -- --
Begun Musammat -- --
Begum Musammat $835,000 --
Begum Musammat $835,000 --
Akhter Naseema $330,000 --
Akhter Naseema $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferdous Jannat $728,200
Closed Ferdous Jannat $728,200
Previous Owner Begum Musammat $125,000
Previous Owner Begum Musammat $641,200
Previous Owner Akhter Naseema $322,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2021 06/16/21 For Rent $2,700 -- --
06/16/2021 06/16/21 Rented -- -- --
Source: Real Estate Board of New York (REBNY)

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 $8,808 $98,640 $27,540 $71,100
2024 $8,808 $89,520 $27,540 $61,980
2023 $8,499 $89,460 $27,540 $61,920
2022 $7,882 $94,260 $27,540 $66,720
2021 $7,842 $82,800 $27,540 $55,260
2020 $3,898 $79,200 $27,540 $51,660
2019 $7,645 $80,640 $27,540 $53,100
2018 $7,109 $34,873 $9,820 $25,053
2017 $6,707 $32,901 $13,064 $19,837
2016 $6,208 $31,053 $16,651 $14,402
2015 $3,744 $31,053 $20,948 $10,105
2014 $3,744 $30,456 $18,019 $12,437
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10726504

Real Estate Board of New York (REBNY)

APN: 05390-0031