651 Vanderbilt Ave Proshei, NY 11238
Prospect Heights NeighborhoodEstimated Value: $2,886,537
6
Beds
2.5
Baths
--
Sq Ft
1,873
Sq Ft Lot
Highlights
- Pre War Building
- P.S. 9 The Sarah Smith Garnet School Rated A
- 4-minute walk to Grand Army Plaza
About This Home
As of July 2021All showings by private appointment only.
An incredible investment opportunity awaits on one of Brooklyn?s premier retail corridor in Prospect Heights. 651 Vanderbilt Avenue is a stunning, brick, 3 story, mixed use townhouse with a thriving retail space and two free market, 3 bedroom apartments situated just blocks from the Prospect Park promenade.
This 18.75 ft x 55 ft building with a classic, well-maintained 1930?s brick façade, sits on an 18.75 ft x100 ft lot creating an incredible 3,100 sqft above grade with an over 1000 sqft basement and a huge backyard.
As currently configured, this 3 Unit mixed use building generates a 5% cap rate and is a turnkey money maker with an abundance upside for years to come. The savvy investor can untap its true potential with over 4,400 sqft of unused FAR or consider it as an owner occupier of the available vacant residential or for future business endeavor.
The thriving and established retail space features a highly respected wine store that sits on one of the most well trafficked commercial corridors in Brooklyn and the two full floor apartments feature warm, inviting 3 bedroom layouts with large windows allowing for an abundance light and picturesque sunsets.
651 Vanderbilt Avenue is located just 3 blocks from Grand Army Plaza, Prospect Park which offers a plethora of social, cultural events the farmer?s market as well as blocks to all the major cultural institutions like the Brooklyn Museum, Brooklyn Central Library, the Brooklyn Botanic Gardens and many more. This location is truly a focal point to all must have amenities and established retails in Prime Prospect Heights, a premier Brooklyn neighborhood offering popular variety of restaurants, coffee shops, and trendy retail stores. It also offers fantastic public transportation of the B,Q,2,3 Subways. Do not miss this chance at this rare offering at 651 Vanderbilt Avenue.
Additional photos and videos are available upon request.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,142
Year Built
- Built in 1930
Lot Details
- 1,873
Home Design
- Pre War Building
Bedrooms and Bathrooms
- 6 Bedrooms
Community Details
- 3 Units
- Prospect Heights Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 29, 2021
Closed on
Jul 20, 2021
Sold by
Cher-Ricky Tan Llc
Bought by
2955 Vallejo Llc
Seller's Agent
Tom Le
Corcoran Group
List Price
$2,895,000
Sold Price
$2,700,000
Premium/Discount to List
-$195,000
-6.74%
Total Days on Market
114
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
$186,537
Avg. Annual Appreciation
1.54%
Purchase Details
Closed on
Feb 21, 2020
Sold by
Carr Max and Rogers Maura
Bought by
Campbell Jeffrey and Campbell Kate
Purchase Details
Closed on
Feb 28, 2013
Sold by
Covington William J and Trunk Carl F
Bought by
Cher-Ricky Tan Llc
Purchase Details
Closed on
Jul 19, 2001
Sold by
Jeune Faliere Louis and Janvier Gladys
Bought by
Trunk Carl F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,603
Interest Rate
6.93%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 4, 2000
Sold by
Louis Jeune Faliere
Bought by
Louis Jeune Faliere and Janvier Gladys
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,500
Interest Rate
8.21%
Mortgage Type
Commercial
Similar Homes in the area
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 |
|---|---|---|---|
| 2955 Vallejo Llc | $2,600,000 | -- | |
| 2955 Vallejo Llc | $2,600,000 | -- | |
| Campbell Jeffrey | $865,000 | -- | |
| Cher-Ricky Tan Llc | $1,548,500 | -- | |
| Cher-Ricky Tan Llc | $1,548,500 | -- | |
| Trunk Carl F | -- | -- | |
| Trunk Carl F | -- | -- | |
| Louis Jeune Faliere | -- | First American Title Ins Co | |
| Louis Jeune Faliere | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cher-Ricky Tan Llc | $1,200,000 | |
| Previous Owner | Louis Jeune Faliere | $240,000 | |
| Previous Owner | Trunk Carl F | $78,603 | |
| Previous Owner | Louis Jeune Faliere | $159,500 | |
| Previous Owner | Louis Jeune Faliere | $18,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2021 07/20/21 | Sold | $2,700,000 | -6.7% | -- |
| 01/29/2021 01/29/21 | For Sale | $2,895,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
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 |
|---|---|---|---|---|
| 2024 | $7,142 | $178,140 | $17,700 | $160,440 |
| 2023 | $6,813 | $157,440 | $17,700 | $139,740 |
| 2022 | $4,909 | $123,600 | $17,700 | $105,900 |
| 2021 | $6,284 | $116,700 | $17,700 | $99,000 |
| 2020 | $3,124 | $86,520 | $17,700 | $68,820 |
| 2019 | $6,199 | $86,520 | $17,700 | $68,820 |
| 2018 | $5,699 | $27,955 | $6,861 | $21,094 |
| 2017 | $5,376 | $26,374 | $6,940 | $19,434 |
| 2016 | $4,974 | $24,883 | $7,859 | $17,024 |
| 2015 | $3,001 | $24,883 | $9,435 | $15,448 |
| 2014 | $3,001 | $24,693 | $11,241 | $13,452 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Le
Seller's Agent in 2021
Tom Le
Corcoran Group
(917) 364-4267
5 in this area
104 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10696484
APN: 01159-0009
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