NOT LISTED FOR SALE

Estimated Value: $1,424,811 - $1,704,000

6 Beds
3 Baths
2,003 Sq Ft
$788/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $1,350,000 $674 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,972/month

91 Days on Market

Highlights

  • 0.08 Acre Lot
  • Den
  • Window Unit Cooling System
  • IS 220 John J. Pershing Rated A
  • Formal Dining Room
  • 3-minute walk to Rainbow Playground

About This Home

As of July 2023

Welcome to 654 54th st. This spacious 3 family brick house is a gem in Sunset Park. The house is in the center of everything ; great schools, two blocks away from Maimonides Hospital, parks, restaurants, markets, banks, shopping and transportation. This house has a new gas line for the heating system, the electric has been updated to 220v, 75 gal hot water tank installed , the roof is only 5 years old, and two of the bathrooms have also recently been updated. The house is equipped with a fire sprinkler system. The first floor unit is currently set up as a very spacious one bedroom and one bathroom apartment, with access to backyard and separate front entrance. It also has a large foyer, plenty of closet space and a window eat-in kitchen. The second floor apartment has railroad 2-bedrooms and one bathroom, with access to a deck overlooking the backyard. The third floor apartment has 3 bedrooms and one bathroom. This is a great investment property as well as a primary home with

Last Agent to Sell the Property

Amy Koh

Coldwell Banker Reliable R E License #10301214759 Listed on: 12/06/2022

Coldwell Banker Reliable R E

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,256

Year Built

  • Built in 1920

Lot Details

  • 3,600 Sq Ft Lot
  • Lot Dimensions are 20x100.17
  • No Common Walls
  • Back Yard Fenced

Parking

  • On-Street Parking

Interior Spaces

  • 2,003 Sq Ft Home
  • 3-Story Property
  • Formal Dining Room
  • Den

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Schools

  • Ps 94 Henry Longfellow Elementary School
  • Sunset Park Prep Middle School
  • West Brooklyn Community High School

Utilities

  • Window Unit Cooling System

Listing and Financial Details

  • Legal Lot and Block 30 / 825
  • Assessor Parcel Number 00825-0030

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,256

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1920
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Den/Family Room, Formal Dining
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: None
  • Total Bedrooms: 6
  • Living Area: 2003
  • SquareFootage: 2003.00
  • SquareFootageSource: Other
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Other
  • Fencing: Back Yard
  • FloodZoneReportYN: 1

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Other, See Remarks
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: See Remarks

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Sunset Park Prep

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 20x100.17
  • Lot Size Sq Ft: 3600
  • Lot Size Units: Acres
  • Parcel Number: 00825-0030
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2022-12-07

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 8256
  • Tax Block: 825
  • Tax Lot: 30
  • Tax Map Number: 00825-0030

MLS Schools

  • Elementary School: Ps 94 Henry Longfellow (The)
  • High School: West Brooklyn Community High School
  • Middle School District: Brooklyn 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2022
Closed on
Jul 26, 2023
Sold by
Abusubeih Maher
Bought by
Chen En and Chen Min Qin
Seller's Agent
Amy Koh
Coldwell Banker Reliable R E
Buyer's Agent
Amy Koh
Coldwell Banker Reliable
List Price
$1,888,000
Sold Price
$1,350,000
Premium/Discount to List
-$538,000
-28.5%
Views
82
Current Estimated Value
$1,578,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,203
Avg. Annual Appreciation
7.16%
Original Mortgage
$790,000
Outstanding Balance
$771,661
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$806,542

Purchase Details

Closed on
Nov 4, 2013
Sold by
Abusbeih Khalil Y
Bought by
Abusubeih Maher
Source: Public Records

Range of Values:

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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
Chen En $1,350,000 --
Abusubeih Maher -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen En $790,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2023 07/27/23 Sold $1,350,000 -22.9% $674 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
02/10/2023 02/10/23 Price Changed $1,750,000 -7.3% $874 / Sq Ft
12/06/2022 12/06/22 For Sale $1,888,000 -- $943 / 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 $8,549 $108,360 $27,840 $80,520
2024 $8,549 $103,620 $27,840 $75,780
2023 $8,360 $108,420 $27,840 $80,580
2022 $8,118 $87,960 $27,840 $60,120
2021 $8,081 $68,700 $27,840 $40,860
2020 $3,782 $83,280 $27,840 $55,440
2019 $7,127 $92,100 $27,840 $64,260
2018 $6,933 $35,470 $12,075 $23,395
2017 $6,864 $35,140 $13,107 $22,033
2016 $6,321 $33,171 $13,730 $19,441
2015 $3,779 $31,302 $13,057 $18,245
2014 $3,779 $29,559 $14,610 $14,949
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3446936

OneKey® MLS

APN: 00825-0030