NOT LISTED FOR SALE

6717 6th Ave Brooklyn, NY 11220

Bay Ridge Neighborhood

Estimated Value: $1,505,336 - $1,936,000

Studio
-- Bath
2,232 Sq Ft
$743/Sq Ft Est. Value

Last Sold December 18, 2018

Last sale price $1,338,000 $599 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,415/month

8 Days on Market

About This Home

As of December 2018

Amazing investment opportunity 3-family brick building located on a lot 31 x 85 with a building size of 31 x 55. Conveniently located in Bay Ridge on 6th Avenue and 67th Street. The property is open, airy, spacious and features 2-3 bedroom apartments; 1-2 bedroom apartment; and a full basement. The property is centrally located near all services and amenities; restaurants; bars; shopping; grocery and specialty stores that make Brooklyn and Bay Ridge so desirable! The building requires some renovations and can be delivered fully vacant. Great potential for any user and/or investor!

Property Details

Home Type

  • Apartment

Community Details

  • 3 Units
  • Bay Ridge Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 5857

Property Details

Home Type

Apartment

Lot Details

0

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bay Ridge
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Garage/Parking

  • Garage: No

Building Info

  • Units: 3

Tax Info

  • Tax Block: 5857
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2018
Closed on
Dec 17, 2018
Sold by
Errol R Brybag As Trustee
Bought by
Li Guanghua
List Price
$1,338,000
Sold Price
$1,338,000
Current Estimated Value
$1,658,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,334
Avg. Annual Appreciation
3.09%
Original Mortgage
$780,000
Outstanding Balance
$687,197
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$971,137
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Li Guanghua $1,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Guanghua $780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2018 12/18/18 Sold $1,338,000 0.0% $599 / Sq Ft
08/10/2018 08/10/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $1,338,000 -- $599 / 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 $9,036 $80,220 $11,340 $68,880
2024 $9,036 $79,140 $11,340 $67,800
2023 $9,137 $90,360 $11,340 $79,020
2022 $8,776 $85,140 $11,340 $73,800
2021 $8,728 $86,760 $11,340 $75,420
2019 $7,843 $87,180 $11,340 $75,840
2018 $6,983 $37,490 $6,846 $30,644
2017 $6,822 $36,633 $8,352 $28,281
2016 $2,833 $34,560 $6,699 $27,861
2015 $1,645 $32,624 $9,489 $23,135
2014 $1,645 $31,242 $9,911 $21,331
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10437030

Real Estate Board of New York (REBNY)

APN: 05857-0007

New York Kings County Brooklyn 11220 Bay Ridge

6717 6th Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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