NOT LISTED FOR SALE

650 E 87th St Brooklyn, NY 11236

Canarsie Neighborhood

Estimated Value: $731,000 - $1,062,807

2 Beds
1 Bath
1,710 Sq Ft
$539/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $280,000 $164 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $5,483/month

Highlights

  • Water Access
  • Window Unit Cooling System
  • Hot Water Heating System
  • Property is near public transit

About This Home

As of October 2020

This is a short sale cash only their is no access drive by squatters in building

Last Agent to Sell the Property

Darnel Shillingford

Vision Alliance Realty Inc. License #31SH0949975 Listed on: 05/28/2019

Last Buyer's Agent

Dan Radulescu

Century 21 Fortune Realty Inc License #30RA0821858

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,420

Year Built

  • Built in 1920

Lot Details

  • 3,420 Sq Ft Lot
  • No Common Walls

Parking

  • On-Street Parking

Home Design

  • 1,710 Sq Ft Home
  • Split Level Home
  • Brick Exterior Construction
  • Frame Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Natural Gas Water Heater

Additional Features

  • Water Access
  • Property is near public transit
  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for electricity, gas

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,420

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Split Level
  • Property SubType: Multi Family
  • Year Built: 1920
  • Attribution Contact: 718-994-6557
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Basement: Unfinished
  • Total Bedrooms: 2
  • Living Area: 1710.00
  • Square Footage: 1710.00

Exterior Features

  • Construction Materials: Brick, Frame
  • Waterfront Features: Water Access

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0800
  • Lot Dimensions: 3420.0000
  • Lot Size Sq Ft: 3420.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Property Attached: No

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Close Date: 2020-10-23
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 10420.00

Multi Family

  • Units Total: 2
  • Two Bedrooms: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Brooklyn 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2023
Sold by
Mnb 87 St Llc
Bought by
Reid Benjamin J and Reid Benjamin
Current Estimated Value
$921,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,000
Outstanding Balance
$770,103
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$151,349

Purchase Details

Listed on
May 28, 2019
Closed on
Oct 23, 2020
Sold by
Caton Gorvis and Caton Gorvis Hugo
Bought by
Mnb 87 St Llc
Seller's Agent
Darnel Shillingford
Vision Alliance Realty Inc.
Buyer's Agent
Dan Radulescu
Century 21 Fortune Realty Inc
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.85%

Purchase Details

Closed on
Oct 6, 2005
Sold by
Elegant Travel Inc
Bought by
Caton Gorvis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.72%

Purchase Details

Closed on
May 26, 2005
Sold by
Carol Lilienfeld Esq As Referee
Bought by
Elegant Travel Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2001
Sold by
Jackson Harvey Lee
Bought by
Thomas Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2000
Sold by
Majestic Capital
Bought by
Jackson Harvey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,700
Interest Rate
8.31%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 25, 2000
Sold by
Countrywide Home Loans Inc
Bought by
Majestic Capital Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,700
Interest Rate
8.31%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 24, 1998
Sold by
Bartley Bertram and Bartley Patricia
Bought by
Countrywide Home Loans Inc
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
Reid Benjamin J $995,000 --
Reid Benjamin J $995,000 --
Mnb 87 St Llc $280,000 --
Mnb 87 St Llc $280,000 --
Caton Gorvis $540,000 --
Caton Gorvis $540,000 --
Elegant Travel Inc $380,000 --
Elegant Travel Inc $380,000 --
Thomas Laura -- --
Thomas Laura -- --
Jackson Harvey L $303,000 --
Jackson Harvey L $303,000 --
Majestic Capital Corp $210,000 Commonwealth Land Title Ins
Majestic Capital Corp $210,000 Commonwealth Land Title Ins
Countrywide Home Loans Inc $500 --
Countrywide Home Loans Inc $500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reid Benjamin J $796,000
Closed Reid Benjamin J $796,000
Previous Owner Caton Gorvis $108,000
Previous Owner Caton Gorvis $432,000
Previous Owner Elegant Travel Inc $400,000
Previous Owner Thomas Laura $342,000
Previous Owner Jackson Harvey L $272,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2020 10/23/20 Sold $280,000 0.0% $164 / Sq Ft
07/28/2020 07/28/20 Off Market $280,000 -- --
05/28/2019 05/28/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $280,000 -- $164 / 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 $7,858 $47,520 $13,500 $34,020
2024 $7,858 $43,380 $13,500 $29,880
2023 $7,509 $46,440 $13,500 $32,940
2022 $6,983 $40,920 $13,500 $27,420
2021 $6,945 $33,000 $13,500 $19,500
2020 $2,588 $42,600 $13,500 $29,100
2019 $6,820 $42,600 $13,500 $29,100
2018 $6,281 $30,812 $9,256 $21,556
2017 $5,989 $29,378 $10,559 $18,819
2016 $5,873 $29,378 $10,713 $18,665
2015 $3,343 $28,764 $12,946 $15,818
2014 $3,343 $27,169 $11,700 $15,469
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Darnel Shillingford

    Vision Alliance Realty Inc.

    Section Image

  • D

    Buyer's Agent in 2020

    Dan Radulescu

    Century 21 Fortune Realty Inc

  • Tara Shillingford

    Buyer's Agent in 2020

    Tara Shillingford

    Houlihan Lawrence Inc.

    (718) 994-6557

    7 Total Sales

    Tara Shillingford
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY4936763

OneKey® MLS

APN: 07991-0057

New York Kings County Brooklyn 11236 Canarsie

650 E 87th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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