NOT LISTED FOR SALE

627 Lincoln Ave Brooklyn, NY 11208

East New York Neighborhood

Estimated Value: $862,033 - $1,041,000

6 Beds
3 Baths
2,120 Sq Ft
$433/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $780,000 $368 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,310/month

33 Days on Market

Highlights

  • Colonial Architecture
  • Eat-In Kitchen
  • Hot Water Heating System
  • Property is near public transit
  • Combination Dining and Living Room
  • 1-minute walk to Robert E Venable Park

About This Home

As of November 2021

Great Opportunity to own this income producing two family. Both 1st and 2nd floor consist of 3 bedrooms, living and dining room, kitchen and full bath. New boiler just over 5 yrs old, new hot water tank, upgraded electrical and plumbing. Roof is just about 8 years old, fairly new siding. High ceiling in the finished basement with own separate entrance. Close to all amenities, schools, shopping, transportation 'A' train, and Q7 & Q8 buses. A Must See!!!

Last Agent to Sell the Property

Souvenir Ramdyal

Prestige Homes NY Inc License #10301201020 Listed on: 07/14/2021

Last Buyer's Agent

Mohammed Rahman

East Coast REALTORS Inc License #10401277172

East Coast REALTORS Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,031

Year Built

  • Built in 1910

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • 1 Common Wall

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Frame Construction

Interior Spaces

  • Combination Dining and Living Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • JHS 218 James P Sinnott Middle School
  • Perf Arts & Tech High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 6 / 4255
  • Assessor Parcel Number 04255-0006

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,031

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Building Size: 16.00 x 65.00
  • Year Built: 1910
  • New Construction: No
  • Attribution Contact: 718-848-2500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator
  • Interior Amenities: Eat-in Kitchen, Living Room / Dining Room
  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Inclusions: Refrigerator
  • Total Bedrooms: 6
  • Kitchens: 2

Exterior Features

  • Construction Materials: Frame
  • Flood Zone Report: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Jhs 218 James P Sinnott

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04255-0006
  • Zoning Description: R5
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2021-11-23
  • Tax Annual Amount: 5031.00
  • Tax Block: 4255
  • Tax Lot: 6
  • Tax Map Number: 04255-0006

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 1
  • Separate Gas Meters: 1

MLS Schools

  • High School: Perf Arts & Tech High School
  • Middle School District: Brooklyn 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Nov 23, 2021
Sold by
Johnson Gary
Bought by
Faisul Mohammed and Faisul Nahid
Seller's Agent
Souvenir Ramdyal
Prestige Homes NY Inc
Buyer's Agent
Mohammed Rahman
East Coast REALTORS Inc
List Price
$789,000
Sold Price
$780,000
Premium/Discount to List
-$9,000
-1.14%
Current Estimated Value
$918,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,508
Avg. Annual Appreciation
4.05%
Original Mortgage
$585,000
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2010
Sold by
Clark Paul
Bought by
Johnson Gary W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Faisul Mohammed $780,000 --
Johnson Gary W $251,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Faisul Mohammed $585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2021 11/23/21 Sold $780,000 -1.1% $368 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $789,000 -- $372 / Sq Ft
Source: OneKey® MLS

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 $6,144 $55,380 $8,640 $46,740
2024 $6,144 $48,000 $8,640 $39,360
2023 $5,861 $51,420 $8,640 $42,780
2022 $5,498 $41,520 $8,640 $32,880
2021 $5,948 $45,540 $8,640 $36,900
2020 $2,827 $40,440 $8,640 $31,800
2019 $5,332 $41,280 $8,640 $32,640
2018 $4,902 $24,048 $5,549 $18,499
2017 $4,801 $23,554 $6,523 $17,031
2016 $4,709 $23,554 $7,622 $15,932
2015 $2,460 $22,516 $5,761 $16,755
2014 $2,460 $21,242 $6,357 $14,885
Source: Public Records

Agents Affiliated with this Home

  • Souvenir Ramdyal

    Seller's Agent in 2021

    Souvenir Ramdyal

    Prestige Homes NY Inc

    3 in this area

    36 Total Sales

    Souvenir Ramdyal
    Section Image

  • M

    Buyer's Agent in 2021

    Mohammed Rahman

    East Coast REALTORS Inc

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3329701

OneKey® MLS

APN: 04255-0006

New York Kings County Brooklyn 11208 East New York

627 Lincoln Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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