NOT LISTED FOR SALE

Estimated Value: $2,595,000 - $2,967,761

3 Beds
3 Baths
2,520 Sq Ft
$1,074/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $2,250,000 $893 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $15,326/month

Highlights

  • Pre War Building
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • 5-minute walk to Dean Playground

About This Home

As of April 2021

Fabulous three unit home only minutes away from the Barclays center! This classic three unit brick townhouse built on an extra large lot makes for a wonderful home with rental income or a chance opportunity for an investor. The apartment on the second floor is currently vacant which allows for easy owner occupancy. All three apartments have been newly renovated, and include in unit washer/dryers, and outdoor space. The ground floor unit has access to a large backyard, while the upper two units each have a terrace. Convenient location AND outdoor space make for highly desirable apartments. The building is 20X50. The lot is 20X110.

~6% Cap Rate

The current rents are:

Apt 1 $3900.00/month

Apt 2 $4000.00/month (market rent currently vacant)

Apt 3 $4000.00/month

The annual income is $142,800.00

The building's annual expenses are:

Electric $755.00

Water $1,591.00

RE Taxes of $3,597.00.

Located right off the corner of Vanderbilt Avenue, occupants will be just seconds away from Olmstead, Weather Up, Ample Hills, The Vanderbilt, Chuko Ramen, Tin Kettle, R&D Foods and Faun as well as numerous other local shops and restaurants. The Dean playground, which features a large sports field and basketball courts, is only a block away! A project is currently underway to build the Pacific Park development which will feature an 8 acre public park, designed by Thomas Balsey, including several playgrounds, a dog run, basketball and boccie courts, and beautiful green space/garden directly across the street. It is also just a few blocks away from Atlantic terminal and the LIRR making the commute to Manhattan and beyond a breeze!

Short to Grand Army Plaza welcomes easy access to the Brooklyn Museum, Brooklyn Public Library, Botanic Gardens, and Prospect Park! There is simply no shortage of activities easily available to anyone who lives in the building.

Last Agent to Sell the Property

Charlie Pigott

Corcoran Group License #10301210078 Listed on: 05/18/2021

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,548

Lot Details

  • 2,222

Home Design

  • Pre War Building

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 3 Units
  • Prospect Heights Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,548

Lot Details

0

Listing Details

  • Cross Street: Carlton Avenue & Vanderbilt Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Building Info

  • Units: 3
  • Total Stories: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Apr 15, 2021
Sold by
652 Dean Street Llc
Bought by
652 Dean Llc
Seller's Agent
Charlie Pigott
Corcoran Group
List Price
$2,250,000
Sold Price
$2,250,000
Current Estimated Value
$2,706,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,440
Avg. Annual Appreciation
4.11%
Original Mortgage
$1,575,000
Outstanding Balance
$1,432,323
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,238,464

Purchase Details

Closed on
Oct 1, 2015
Sold by
Six K Associates Llc
Bought by
652 Dean Street Llc

Purchase Details

Closed on
Nov 6, 2014
Sold by
652 Cypress Equities Corp
Bought by
Six K Associates Llc

Purchase Details

Closed on
Jul 31, 2014
Sold by
Warren Margarita
Bought by
652 Cypress Equities Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2006
Sold by
Baptiste Theresa
Bought by
Warren Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
652 Dean Llc $2,250,000 --
652 Dean Street Llc -- --
Six K Associates Llc $1,815,000 --
652 Cypress Equities Corp $400,000 --
Warren Margarita $820,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 652 Dean Llc $1,575,000
Previous Owner 652 Cypress Equities Corp $950,000
Previous Owner Warren Margarita $800,000
Previous Owner Warren Margarita $656,000
Previous Owner Baptiste Theresa $330,000
Previous Owner Baptiste Theresa $260,000
Previous Owner Baptiste Theresa $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2021 05/18/21 For Sale $2,250,000 0.0% $893 / Sq Ft
04/15/2021 04/15/21 Sold $2,250,000 -- $893 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,548 $136,920 $30,480 $106,440
2024 $4,548 $161,100 $30,480 $130,620
2023 $4,555 $156,600 $30,480 $126,120
2022 $4,227 $171,600 $30,480 $141,120
2021 $4,207 $132,480 $30,480 $102,000
2020 $1,974 $150,960 $30,480 $120,480
2019 $3,947 $150,240 $30,480 $119,760
2018 $3,810 $18,688 $2,899 $15,789
2017 $3,597 $17,644 $4,317 $13,327
2016 $3,330 $16,660 $5,503 $11,157
2015 $2,008 $15,724 $6,450 $9,274
2014 $2,008 $15,724 $7,738 $7,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10719096

Real Estate Board of New York (REBNY)

APN: 01137-0043