NOT LISTED FOR SALE

643 Morgan Ave Brooklyn, NY 11222

Greenpoint Neighborhood

Estimated Value: $2,074,670 - $3,167,000

10 Beds
5 Baths
3,367 Sq Ft
$769/Sq Ft Est. Value

Last Sold February 27, 2024

Last sale price $1,997,000 $593 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $14,258/month

About This Home

If you're looking for an investment that you can both live in and make money then 643 Morgan Avenue is for you. It offers the purchaser an excellent income potential in a low maintenance modern building. If you're considering buying a Condo that is about $2M, why not consider this 3 Family that potentially make you money without the wait of board approval or requirements.

This 3 family property is perfect for a primary residence with two income producing units or as an investment property. Currently, all three units are being used as free market rentals.

Built in 2005 - All units has been renovated with lots of upgrades. All units have an outdoor area. Building has coin operating washer and dryer machine for extra income. Tenants pay all their own utilities. Landlord pays for RE taxes, insurance, water/sewer and common utilities for laundry/hallway/areas, etc.

Income:
$3350 per month / $40,200 annual - 1st Floor duplex with basement - 3 Bedrooms and 2 Bathrooms with a back yard.

$3100 per month / $37,200 annual - 2nd Floor - 3 Bedrooms and 2 Bathrooms with back outdoor balcony.

$4000 per month/ $48,000 annual - 3rd Floor duplex with 4th floor - 4 Bedrooms and 2 Bathrooms with a huge outdoor terrace.

$100 per month / $1,200 annual - Garage (potential garage rent is $400 to $450 per month)

Total Annual Income: $126,600

Located in Greenpoint Brooklyn NY in close proximity to McGolrick Park, small shops, restaurants, transportation, etc... Please note that all showings are by appointments only because all units are currently tenants occupied. For more information, please contact DiTommaso Realty for more information and showing appointment. Thank you!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Feb 26, 2024
Sold by
643 Morgan Ave Llc
Bought by
Home San Blas Llc
Seller's Agent
Suzy Miller
DiTommaso Real Estate
Buyer's Agent
BROKER NON-MLS
Reliable Sell & Buy Realty Inc
List Price
$1,999,000
Sold Price
$1,997,000
Premium/Discount to List
-$2,000
-0.1%
Views
44
Current Estimated Value
$2,590,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,168
Avg. Annual Appreciation
13.60%
Original Mortgage
$1,597,600
Outstanding Balance
$1,567,742
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,022,426

Purchase Details

Closed on
Mar 20, 2015
Sold by
To Kathi
Bought by
643 Morgan Ave Llc

Purchase Details

Closed on
Jun 27, 2013
Sold by
Chen Liang Shou
Bought by
To Kathi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$863,857
Interest Rate
4.46%

Purchase Details

Closed on
Mar 15, 2007
Sold by
M & N Realty Corp
Bought by
Chen Liang Shou
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
Home San Blas Llc $1,997,000 --
Home San Blas Llc $1,997,000 --
Home San Blas Llc $1,997,000 --
643 Morgan Ave Llc -- --
643 Morgan Ave Llc -- --
643 Morgan Ave Llc -- --
To Kathi $1,040,000 --
Chen Liang Shou -- --
Chen Liang Shou -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Home San Blas Llc $1,597,600
Closed Home San Blas Llc $1,597,600
Previous Owner To Kathi $863,857
Closed Chen Liang Shou $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2024 02/27/24 Sold $1,997,000 -4.4% $593 / Sq Ft View Prior Sale
12/24/2023 12/24/23 Off Market $2,088,000 -- --
12/20/2023 12/20/23 Pending -- -- --
11/13/2023 11/13/23 Price Changed $2,088,000 +4.5% $620 / Sq Ft
10/18/2023 10/18/23 For Sale $1,999,000 -- $594 / Sq Ft

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 $11,140 $171,900 $9,840 $162,060
2024 $11,140 $135,780 $9,840 $125,940
2023 $10,626 $145,200 $9,840 $135,360
2022 $9,854 $118,860 $9,840 $109,020
2021 $9,801 $104,580 $9,840 $94,740
2020 $4,872 $101,220 $9,840 $91,380
2019 $9,669 $101,220 $9,840 $91,380
2018 $8,888 $43,603 $6,138 $37,465
2017 $1,388 $41,136 $4,675 $36,461
2016 $1,361 $38,808 $5,954 $32,854
2015 $930 $38,808 $8,918 $29,890
2014 $930 $38,516 $10,621 $27,895
Source: Public Records

Agents Affiliated with this Home

  • Suzy Miller

    Seller's Agent in 2024

    Suzy Miller

    DiTommaso Real Estate

    (718) 667-8000

    1 in this area

    43 Total Sales

    Suzy Miller
    Section Image

  • B

    Buyer's Agent in 2024

    BROKER NON-MLS

    Reliable Sell & Buy Realty Inc

See All Agents

Map

New York Kings County Brooklyn 11222 Greenpoint

643 Morgan Ave, Brooklyn, NY

Not Listed for Sale

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