Seller's Agent in 2023
Jay Zhen
Momentum Real Estate LLC
(917) 688-7768
2 in this area
126 Total Sales
652 59th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,617,000 - $1,853,000
Studio
--
Bath
2,760
Sq Ft
$642/Sq Ft
Est. Value
Highlights
- Cooling Available
- Hot Water Baseboard Heater
- 5-minute walk to Rainbow Playground
- P.S. 69 Vincent D Grippo School Rated A-
About This Home
As of March 2023Rare Opportunity to Own this Beautiful Limestone 3 Family Home in the heart of Sunset Park. Total of 4 floors, 3 Stories of living space plus finished basement. First Floor features a 3 bedroom unit with living room, dining room, Kitchen, and 2 Full Bathrooms. 2nd Floor is also a 3 bedroom unit with living room, dining room, kitchen and 2 Full Bathrooms. 3rd Floor features a 4 bedroom unit with living room, dining room, kitchen and 2 Full Bathrooms. Monthly Rental Income of $7,800. Separated Utilities. This property speaks for itself as it is situated in one of Brooklyn's Most Desirable locations. Conveniently near a Multitude of Restaurants, Shopping Outlets, Bakeries, Supermarkets, Banks, Libraries, and Parks that 5th and 8th Ave has to offer. Public Transportation B9, B63 Buses, and N & R Train are easily accessible. Not to mention, the Belt Parkway, and Verrazano Bridge are only minutes away. Building: 20x50, Lot:20x100. Zoning R6B.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,508
Year Built
- Built in 1901
Lot Details
- 2,003 Sq Ft Lot
- Lot Dimensions are 20x46
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 2,760 Sq Ft Home
- 3-Story Property
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Hot Water Baseboard Heater
- 110 Volts
- Individual Gas Meter
Community Details
- 3 Units
- Gross Income $93,600
Listing and Financial Details
- Legal Lot and Block 0029 / 00865
- Assessor Parcel Number 00865-0029
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 17, 2022
Closed on
Mar 14, 2023
Sold by
Liu Bifu and Lu Feng
Bought by
Jiang Xiang Wu and Lin Li Ping
Seller's Agent
Jay Zhen
Momentum Real Estate LLC
Buyer's Agent
Fei Lin
Winzone Realty Inc
List Price
$1,999,000
Sold Price
$1,680,000
Premium/Discount to List
-$319,000
-15.96%
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
$17,993
Avg. Annual Appreciation
1.90%
Original Mortgage
$990,000
Outstanding Balance
$957,791
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$814,889
Purchase Details
Closed on
Aug 28, 2014
Sold by
Lu Feng and Wang Xiu Qin
Bought by
Liu Bifu and Lu Feng
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,296
Interest Rate
4.14%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 29, 2008
Sold by
Liu Bifu and Lu Feng
Bought by
Lu Feng and Wang Xiu Qin
Purchase Details
Closed on
Jan 24, 2008
Sold by
Feng Lu and Wang Xiu Qin
Bought by
Liu Bifu and Lu Feng
Purchase Details
Closed on
Feb 16, 2007
Sold by
Molloy Daniel Joseph and Molloy Florence Anne
Bought by
Feng Lu and Wang Xiu Qin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.27%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jiang Xiang Wu | $1,680,000 | -- | |
| Jiang Xiang Wu | $1,680,000 | -- | |
| Liu Bifu | -- | -- | |
| Liu Bifu | -- | -- | |
| Lu Feng | -- | -- | |
| Lu Feng | -- | -- | |
| Liu Bifu | -- | -- | |
| Liu Bifu | -- | -- | |
| Feng Lu | $790,000 | -- | |
| Feng Lu | $790,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jiang Xiang Wu | $990,000 | |
| Closed | Jiang Xiang Wu | $990,000 | |
| Previous Owner | Liu Bifu | $156,296 | |
| Previous Owner | Feng Lu | $150,000 | |
| Previous Owner | Feng Lu | $533,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/14/2023 03/14/23 | Sold | $1,680,000 | -16.0% | $609 / Sq Ft |
| 11/28/2022 11/28/22 | Pending | -- | -- | -- |
| 11/17/2022 11/17/22 | For Sale | $1,999,000 | -- | $724 / 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 | $10,319 | $104,580 | $31,200 | $73,380 |
| 2024 | $10,319 | $92,100 | $31,200 | $60,900 |
| 2023 | $10,253 | $97,080 | $31,200 | $65,880 |
| 2022 | $9,508 | $86,400 | $31,200 | $55,200 |
| 2021 | $9,502 | $80,760 | $31,200 | $49,560 |
| 2020 | $4,479 | $79,860 | $31,200 | $48,660 |
| 2019 | $8,957 | $83,460 | $31,200 | $52,260 |
| 2018 | $8,576 | $42,069 | $16,686 | $25,383 |
| 2017 | $8,090 | $39,688 | $17,715 | $21,973 |
| 2016 | $7,522 | $37,626 | $14,281 | $23,345 |
| 2015 | $4,296 | $35,680 | $17,917 | $17,763 |
| 2014 | $4,296 | $35,680 | $20,140 | $15,540 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Zhen
-
Fei Lin
F
Buyer's Agent in 2023
Fei Lin
Winzone Realty Inc
(646) 683-6988
10 in this area
48 Total Sales
Map
Source: Staten Island Multiple Listing Service
MLS Number: 1158796
APN: 00865-0029
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