Seller's Agent in 2023
Kelly Wu
RE/MAX Edge
(917) 345-6368
15 in this area
228 Total Sales
612 51st St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,493,000 - $1,825,000
11
Beds
5
Baths
2,850
Sq Ft
$588/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Hot Water Heating System
- Back Yard
- IS 220 John J. Pershing Rated A-
- Community Storage Space
- 4-minute walk to Rainbow Playground
About This Home
As of August 2023Welcome to this 2-family attached brick house located in the sought-after neighborhood of Sunset Park. This spacious property is approximately 2,850 square feet and is spread across 2 stories over a basement. The home features 11 bedrooms and 5 bathrooms, making it perfect for large families. As you enter the property, you are greeted by a brick exterior. On the first floor, you will find 4 spacious bedrooms, 2 bathrooms, and a fully equipped kitchen and living room. On the second floor, is another unit with 4 bedrooms and 2 bathrooms, a kitchen, and a living room. The basement is also fully finished, adding additional livable space to the property. Building size 20*50 over Lot size 20*80. Annual property tax of $5,221. Zoning R6A, Residential and Facility Far: 3, Far as built 1.84. Allowed usable floor area 4,638, usable floor area as built 2,845, unused far 1793. Please confirm with your architect.
This property is conveniently situated nearby the 8th Ave business district, providing easy access to a variety of shops, restaurants, and entertainment options. Nearby transit includes R, N trains, B11, and B63 buses. Overall, this stunning 2-family attached brick house offers ample space, modern amenities, and a prime location, making it a must-see for any homebuyer looking for a comfortable and convenient home or investment purpose.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,220
Lot Details
- 1,547 Sq Ft Lot
- Lot Dimensions are 80 x 20
- Back Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Asphalt Roof
Interior Spaces
- 2,850 Sq Ft Home
- Finished Basement
- Basement Fills Entire Space Under The House
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 11 Bedrooms
- 5 Full Bathrooms
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Community Details
- 2 Units
- Community Storage Space
Listing and Financial Details
- Tax Block 801
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2023
Closed on
Aug 30, 2023
Sold by
Dai Xiu Zhen and Zhao Fu Shi
Bought by
Wei & Lin International Llc
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Kelly Wu
RE/MAX Edge
List Price
$1,350,000
Sold Price
$1,450,000
Premium/Discount to List
$100,000
7.41%
Views
9
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
$224,566
Avg. Annual Appreciation
6.00%
Original Mortgage
$740,000
Outstanding Balance
$722,413
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$952,153
Purchase Details
Closed on
May 2, 1997
Sold by
Gahre Thor H
Bought by
Zhao Fu Shi and Dai Xiu Zhen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 11, 1996
Sold by
Gahre Thor H and Shortridge Anne
Bought by
Gahre Thor H
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wei & Lin International Llc | $1,450,000 | -- | |
| Wei & Lin International Llc | $1,450,000 | -- | |
| Wei & Lin International Llc | $1,450,000 | -- | |
| Zhao Fu Shi | $170,000 | -- | |
| Zhao Fu Shi | $170,000 | -- | |
| Gahre Thor H | $56,500 | Chicago Title Insurance Co | |
| Gahre Thor H | -- | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wei & Lin International Llc | $740,000 | |
| Closed | Wei & Lin International Llc | $740,000 | |
| Previous Owner | Zhao Fu Shi | $119,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/30/2023 08/30/23 | Sold | $1,450,000 | -3.3% | $509 / Sq Ft |
| 04/19/2023 04/19/23 | Price Changed | $1,499,000 | +11.0% | $526 / Sq Ft |
| 03/20/2023 03/20/23 | For Sale | $1,350,000 | -- | $474 / Sq Ft |
| 03/20/2023 03/20/23 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
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 | $6,117 | $96,000 | $23,520 | $72,480 |
| 2024 | $6,117 | $75,840 | $23,520 | $52,320 |
| 2023 | $5,551 | $93,060 | $23,520 | $69,540 |
| 2022 | $2,291 | $81,840 | $23,520 | $58,320 |
| 2021 | $2,384 | $86,160 | $23,520 | $62,640 |
| 2019 | $2,362 | $85,020 | $23,520 | $61,500 |
| 2018 | $2,143 | $23,943 | $8,410 | $15,533 |
| 2017 | $2,004 | $22,602 | $8,265 | $14,337 |
| 2016 | $1,824 | $21,349 | $9,047 | $12,302 |
| 2015 | $2,352 | $21,349 | $10,638 | $10,711 |
| 2014 | $2,352 | $21,150 | $12,328 | $8,822 |
Source: Public Records
Agents Affiliated with this Home
-
Kelly Wu
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 472618
APN: 00801-0010
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