Seller's Agent in 2024
Kelly Wu
RE/MAX Edge
(917) 345-6368
14 in this area
225 Total Sales
672 59th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,461,000 - $1,857,000
6
Beds
3
Baths
2,200
Sq Ft
$737/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Hot Water Heating System
- Back Yard
- P.S. 69 Vincent D Grippo School Rated A-
- Community Storage Space
About This Home
As of November 2024Welcome to this 2-family brick home, nestled in the highly sought-after Sunset Park neighborhood.
With R7A and C2-4 zoning, this property offers an amazing opportunity for property owners looking to develop or invest in properties that can serve both residential and commercial needs with great Floor Area Ratio (FAR) potential. The Residential FAR is 4, with a Facility FAR of 4. The FAR currently built is 1.09, and the maximum usable floor area of 8,048 sq ft, with the current usable floor area being 2,193 sq ft. This leaves an unused FAR of 5,855 sq ft.
The property offers two stories over a basement, featuring a total of 6 bedrooms and 3 bathrooms. Each unit boasts 3 bedrooms, a full bathroom, a large living room, and a kitchen. The basement adds additional storage, and a boiler room. Convenient access to the backyard. Outside, you'll find the backyard, ideal for gardening or outdoor gatherings. The property is also equipped with 2 electric and gas meters, offering convenience and flexibility for multi-family living.
Building size of 20x55 on a 20x100 lot. The property tax is a manageable $7,199.
Located just minutes away from 8th Avenue Chinatown, you'll enjoy easy access to a variety of shopping options, diverse restaurants, and grocery stores. Commuting is a breeze with multiple public transportation options, including the B9, B70, B16, and B63 bus routes and the N, D, and R trains, ensuring seamless connections to the rest of Brooklyn and beyond.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,199
Year Built
- Built in 1910
Lot Details
- 2,011 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,200 Sq Ft Home
- 2-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
- Stove
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Community Details
- 2 Units
- Community Storage Space
Listing and Financial Details
- Tax Block 865
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2024
Closed on
Nov 18, 2024
Sold by
Bought by
Seller's Agent
Kelly Wu
RE/MAX Edge
Buyer's Agent
Kelly Wu
RE/MAX Edge
List Price
$1,999,000
Sold Price
$1,580,000
Premium/Discount to List
-$419,000
-20.96%
Views
3
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
$40,659
Avg. Annual Appreciation
1.57%
Purchase Details
Closed on
Jun 8, 2015
Sold by
Bought by
Purchase Details
Closed on
Feb 5, 1997
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,500
Interest Rate
7.8%
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,580,000 | -- | ||
| $1,580,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| $219,000 | -- | ||
| $219,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $109,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2024 11/18/24 | Sold | $1,580,000 | -21.0% | $718 / Sq Ft |
| 08/23/2024 08/23/24 | Pending | -- | -- | -- |
| 08/23/2024 08/23/24 | For Sale | $1,999,000 | -- | $909 / Sq Ft |
Source: Brooklyn Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $7,999 | $84,240 | $30,240 | $54,000 |
| 2025 | $7,546 | $81,420 | $30,240 | $51,180 |
| 2024 | $7,546 | $91,740 | $30,240 | $61,500 |
| 2023 | $7,199 | $95,700 | $30,240 | $65,460 |
| 2022 | $5,007 | $93,420 | $30,240 | $63,180 |
| 2021 | $7,037 | $83,520 | $30,240 | $53,280 |
| 2019 | $6,550 | $78,300 | $30,240 | $48,060 |
| 2018 | $6,022 | $29,539 | $13,105 | $16,434 |
| 2017 | $5,681 | $27,867 | $14,244 | $13,623 |
| 2016 | $5,571 | $27,867 | $12,331 | $15,536 |
| 2015 | $2,951 | $27,657 | $11,234 | $16,423 |
| 2014 | $2,951 | $26,092 | $10,437 | $15,655 |
Source: Public Records
Agents Affiliated with this Home
-
Kelly Wu
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 485472
APN: 00865-0040
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