NOT LISTED FOR SALE

Estimated Value: $1,722,000 - $1,796,000

-- Bed
2 Baths
2,080 Sq Ft
$840/Sq Ft Est. Value

Last Sold November 27, 2024

Last sale price $1,700,000 $817 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,702/month

Highlights

  • Deck
  • Wood Flooring
  • Garden
  • IS 220 John J. Pershing Rated A-
  • Fenced Yard
  • 2-minute walk to Rainbow Playground

About This Home

As of November 2024

Exceptional Two-Family Home in Sunset Park, Brooklyn – Ideal for Living and Investment

Welcome to this unique opportunity in Sunset Park! Situated on 53rd Street between 6th and 7th Avenue, this two-family house offers a blend of classic charm, modern updates, and potential for future development.

1st & 2nd Floor Apartments:
- Both units are inviting two-bedroom units featuring original crown, baseboard moldings, and original tin ceiling preserving its historic character.
- Enjoy ample natural light through window exposures in both the front master bedroom and the rear living room.
- The updated kitchen and bathroom offer contemporary convenience and style.
- 2nd Floor equipped with washer & dryer, Miele Appliances, Glass Sliding Door for 2nd floor landing

Additional Features:
- Home will be delivered VACANT
- Unfinished Basement: Offers great potential for creating a dedicated laundry room and shared storage space for tenants.
- A well-maintained backyard extends from the first-floor apartment, perfect for outdoor relaxation.

Development Potential:
Situated on a large 20 x 100 lot, this property is appealing to developers. The block features several new constructions, reflecting the area's growth and potential. Benefit from the ongoing development in the Sunset Park area, making this an excellent investment opportunity.

Sunset Park has long been one of Brooklyn's hidden gems. The neighborhoods handsome architecture has merited historic designation. This area contains some of the area's oldest buildings in intact rows, capturing the early development of Sunset Park and its residential character.

This property presents a rare combination of historic charm, modern luxury, and future potential. Whether you're looking for a new home with income possibilities or a prime development opportunity, this house is sure to impress. Contact us today to schedule a viewing and explore all that this exceptional property has to offer!

Last Agent to Sell the Property

Michael Sorensen

Parkview Terrace Realty Listed on: 08/21/2024

Last Buyer's Agent

Yi Lin

Tiger Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,837

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Fenced Yard
  • Garden
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2 Full Bathrooms
  • 2,080 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Basement Cellar
  • Dishwasher

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • Oil Water Heater

Community Details

  • 2 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Block 809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,837

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Unfinished
  • Total Bathrooms: 2.00
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 6th Avenue
  • Cross Street Name2: 7th Avenue
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Seller
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Deck, Dishwasher, Patio Garden, Refrigerator
  • Fill Sq Ft Total: 2080
  • Building Stories: 2
  • Street Name I D X: 53rd
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Flooring: Hardwood
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 68
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Circuit Breakers
  • Heating Fuel: Oil
  • Hot Water: Oil

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20

Tax Info

  • Flip Tax Amount: 6837.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Nov 27, 2024
Sold by
Rutter Karl S
Bought by
Dong Yongzhou and Jiang Yan Zhen
Seller's Agent
Michael Sorensen
Parkview Terrace Realty
Buyer's Agent
Yi Lin
Tiger Realty
List Price
$1,788,800
Sold Price
$1,700,000
Premium/Discount to List
-$88,800
-4.96%
Views
14
Current Estimated Value
$1,748,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,077
Avg. Annual Appreciation
2.62%
Original Mortgage
$750,000
Outstanding Balance
$742,652
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,005,425
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dong Yongzhou $1,700,000 --
Dong Yongzhou $1,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dong Yongzhou $750,000
Closed Dong Yongzhou $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2024 11/27/24 Sold $1,700,000 -5.0% $817 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $1,788,800 -- $860 / Sq Ft
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 $6,837 $75,600 $20,760 $54,840
2024 $6,837 $88,920 $20,760 $68,160
2023 $6,723 $83,760 $20,760 $63,000
2022 $6,234 $73,320 $20,760 $52,560
2021 $6,572 $71,700 $20,760 $50,940
2020 $4,929 $86,940 $20,760 $66,180
2019 $5,934 $96,180 $20,760 $75,420
2016 $4,582 $26,025 $8,794 $17,231
2015 $2,522 $25,056 $10,659 $14,397
2014 $2,522 $23,638 $11,638 $12,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 485465

Brooklyn Board of REALTORS®

APN: 00809-0068