NOT LISTED FOR SALE

Estimated Value: $1,462,000 - $1,670,000

7 Beds
2.5 Baths
3,000 Sq Ft
$519/Sq Ft Est. Value

Last Sold May 04, 2022

Last sale price $1,310,000 $437 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $8,826/month

Highlights

  • Wood Flooring
  • 4-minute walk to Ditmas Avenue
  • Back and Front Yard
  • I.S. 223 The Montauk Rated A-
  • Hot Water Heating System

About This Home

As of May 2022

Beautifully renovated semi-detached 2 family solid brick house in prime Kensington, both first and second floor were remodeled a few years ago, upgrading with solid hardwood floor, high end tiles, granite counter tops, and cherry wood kitchen cabinets. 3 bedroom over 4 bedroom (see floor plan). 1st Floor is a 3 bedroom apartment that generates $2400 and 2nd floor is a 4 bedroom that collects $2900 per month. Tenants pay all utilities. Space utilization is maximized, plenty of over-sized windows around the building on both floors. Front and back entrances from ground level to the unfinished full basement, which can be potentially converted to a duplex with the first floor. Building is 20x50, lot is 20x100, 2 brand new separate units of central heating and cooling, 2 gas meters, and 3 electric meters. Excellent location: half a block to Ditmas Ave where stores and shopping are booming and minutes away to F train (Ditmas Ave station). A short train ride to Manhattan.

Last Agent to Sell the Property

Dazhi Simon Su

RE/MAX Edge License #10401276216 Listed on: 12/21/2021

Last Buyer's Agent

Jose Garcia

RE/MAX Real Estate Professionals License #10301211790

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,045

Year Built

  • Built in 1910

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back and Front Yard

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

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 5386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,045

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Full, Separate Entrance, Unfinished
  • Total Bathrooms: 3.00
  • Borough: Brooklyn
  • Building Length: 50.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ditmas Ave
  • Cross Street Name2: Cortelyou Road
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Hot Water, Other
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Other
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Fill Sq Ft Total: 3000
  • Building Stories: 3
  • Street Name I D X: 3rd
  • Building Style: Other
  • Year Built: 1910
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 1
  • Total Bedrooms: 7
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Other
  • Foundation Details: Block
  • Lot Number: 32
  • Roof: Other

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5

Rental Info

  • Rent Income: 63600

Tax Info

  • Flip Tax Amount: 7045.00

Multi Family

  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2021
Closed on
May 3, 2022
Sold by
Ko Chi K and Ko Chi Ka
Bought by
Veig Chaim and Veig Merav
Seller's Agent
Dazhi Simon Su
RE/MAX Edge
Buyer's Agent
Jose Garcia
RE/MAX Real Estate Professionals
Sold Price
$1,310,000
Current Estimated Value
$1,556,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,891
Avg. Annual Appreciation
4.84%
Original Mortgage
$655,000
Outstanding Balance
$621,393
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$935,498

Purchase Details

Closed on
Nov 17, 2011
Sold by
Ko Sheung Tan
Bought by
Ko Chi K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Veig Chaim $1,310,000 --
Ko Chi K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veig Chaim $655,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2022 05/04/22 Sold $1,310,000 -- $437 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
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 $8,031 $78,120 $26,220 $51,900
2024 $8,031 $85,320 $26,220 $59,100
2023 $8,048 $84,300 $26,220 $58,080
2022 $7,467 $76,680 $26,220 $50,460
2021 $7,427 $70,740 $26,220 $44,520
2020 $3,692 $68,220 $26,220 $42,000
2019 $6,970 $68,220 $26,220 $42,000
2018 $6,732 $33,022 $18,383 $14,639
2017 $6,354 $31,170 $16,158 $15,012
2016 $5,879 $29,409 $16,330 $13,079
2015 $3,327 $29,409 $23,742 $5,667
2014 $3,327 $27,768 $22,160 $5,608
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 457893

Brooklyn Board of REALTORS®

APN: 05386-0032