Seller's Agent in 2024
Suzy Miller
DiTommaso Real Estate
(718) 667-8000
1 in this area
39 Total Sales
643 Morgan Ave Brooklyn, NY 11222
Greenpoint NeighborhoodEstimated Value: $1,912,000 - $2,492,000
10
Beds
5
Baths
3,367
Sq Ft
$642/Sq Ft
Est. Value
Highlights
- Cooling Available
- Hot Water Baseboard Heater
- 5-minute walk to McGolrick Playground
About This Home
As of February 2024If 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!
Last Agent to Sell the Property
DiTommaso Real Estate License #10401289790 Listed on: 10/18/2023
Last Buyer's Agent
BROKER NON-MLS
Reliable Sell & Buy Realty Inc
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,626
Year Built
- Built in 2005
Lot Details
- 1,123 Sq Ft Lot
- Lot Dimensions are 18.23x46.18
Parking
- 1 Car Garage
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 3,367 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Hot Water Baseboard Heater
- 220 Volts
- Individual Gas Meter
Community Details
- 3 Units
- Gross Income $126,000
Listing and Financial Details
- Legal Lot and Block 134 / 2659
- Assessor Parcel Number 2659-134
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,026
Avg. Annual Appreciation
0.53%
Original Mortgage
$1,597,600
Outstanding Balance
$1,573,978
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$438,533
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.33%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Home San Blas Llc | $1,997,000 | -- | |
| Home San Blas Llc | $1,997,000 | -- | |
| 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 | |
| Previous Owner | M & N Realty Corp | $600,000 | |
| Closed | Chen Liang Shou | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/27/2024 02/27/24 | Sold | $1,997,000 | -4.4% | $593 / Sq Ft |
| 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 |
Source: Staten Island Multiple Listing Service
Tax History Compared to Growth
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
-
-
B
Buyer's Agent in 2024
BROKER NON-MLS
Reliable Sell & Buy Realty Inc
Map
Source: Staten Island Multiple Listing Service
MLS Number: 1164980
APN: 02659-0134
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Certain real estate listing data is provided by Staten Island MLS under its Internet Data Exchange program. This data is provided exclusively for consumers’ personal, non-commercial use and may only be used for identifying prospective properties consumers may be interested in purchasing or renting. Any other use of the data is hereby prohibited. Data deemed reliable but is not guaranteed accurate by Staten Island MLS and should be independently verified. Copyright 2025 Staten Island Multiple Listing Service, Inc. All rights reserved.
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