NOT LISTED FOR SALE

673 Knickerbocker Ave Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,640,000 - $2,635,000

9 Beds
3 Baths
3,600 Sq Ft
$537/Sq Ft Est. Value

Last Sold July 18, 2024

Last sale price $1,700,000 $472 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,929/month

97 Days on Market

Highlights

  • Pre War Building
  • Bike Room
  • ENERGY STAR Qualified Equipment
  • No HOA
  • Cooling Available
  • 1-minute walk to Bushwick Playground

About This Home

As of July 2024

Brick & Mortar is pleased to exclusively represent the sale of 673 Knickerbocker Avenue. As built a 3600 sq ft 3 family spanning 3 floors with a rear garden and full basement. Each unit is separately metered for all utilities. Delivered vacant, this building has a huge upside with the addition of 1026 sq ft as of right bringing total sf to 4617 sf.. The community facility FAR of 4.8 makes this is a great opportunity for a developer to have a great income producer with a 4.8 CF FAR bringing potential sq ft to 8740 sf ft. Bring your architect and a master plan for this rare opportunity with R6 zoning. Existing building has 3 floor through 3 bedroom units.

4.8 CF FAR

Huge upside for development

6 story R6 zoned

Delivered vacant - no leases to run out or tenant buyouts

Solid brick construction

Shown by appointment.

Last Agent to Sell the Property

Jason LaRusso

Brick & Mortar LLC License #40LA0893965 Listed on: 12/29/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,087

Year Built

  • Built in 1910

Lot Details

  • 1,900

Home Design

  • Pre War Building

Interior Spaces

  • 3,600 Sq Ft Home
  • 3-Story Property

Kitchen

  • Free-Standing Gas Oven
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling Available
  • Heating Available
  • Separate Meters
  • ENERGY STAR Qualified Water Heater

Additional Features

  • ENERGY STAR Qualified Equipment
  • 1,900 Sq Ft Lot

Listing and Financial Details

  • Property Available on 1/3/24
  • Legal Lot and Block 6 / 3378

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Bushwick Subdivision

Amenities

  • Workshop Area
  • Bike Room

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,087

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Exposures: East,West
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bushwick
  • Architectural Style: Prewar
  • Efficiency: Appliances
  • Structure Type: Multi Family
  • ResoPropertyType: Residential
  • Pets No Pets Comments: Call Listing Agent,Building Pets Allowed Comments:Call Listing Agent
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Water Heater, Free-Standing Gas Oven, Microwave
  • Living Area: 3600.0
  • Living Area Units: Square Feet
  • Rooms (Total): 15

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 9

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Bike Storage, Other, Workshop Area
  • Cooling: ENERGY STAR Qualified Equipment
  • Cooling: Yes
  • Heating: Separate Meters
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1900.0
  • Lot Size Dimensions: x

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 3
  • Year Built: 1910

Rental Info

  • Available Date: 2024-01-03

Tax Info

  • Tax Block: 3378
  • Tax Lot: 6

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
Jul 16, 2024
Sold by
Gonzalez Wanda
Bought by
673 Knickerbocker Llc
Seller's Agent
Jason LaRusso
Brick & Mortar LLC
List Price
$1,995,000
Sold Price
$1,700,000
Premium/Discount to List
-$295,000
-14.79%
Views
37
Current Estimated Value
$1,931,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,836
Avg. Annual Appreciation
11.98%
Original Mortgage
$1,275,000
Outstanding Balance
$1,260,572
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$671,264

Purchase Details

Closed on
Jul 13, 2001
Sold by
Gonzalez Modesto
Bought by
Gonzalez Wanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.08%

Purchase Details

Closed on
Jul 17, 1995
Sold by
Garcia Virginia
Bought by
Gonzalez Modesto
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
673 Knickerbocker Llc $1,700,000 --
Gonzalez Wanda -- --
Gonzalez Wanda -- --
Gonzalez Modesto $1,000 Chicago Title Insurance Co
Gonzalez Modesto $1,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 673 Knickerbocker Llc $685,000
Open 673 Knickerbocker Llc $1,275,000
Previous Owner Gonzalez Wanda $15,000
Previous Owner Gonzalez Wanda $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2024 07/18/24 Sold $1,700,000 -14.8% $472 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $1,995,000 -- $554 / 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 $5,087 $88,680 $8,700 $79,980
2024 $5,087 $84,780 $8,700 $76,080
2023 $4,852 $87,720 $8,700 $79,020
2022 $3,261 $81,840 $8,700 $73,140
2021 $3,364 $82,740 $8,700 $74,040
2020 $2,577 $86,400 $8,700 $77,700
2019 $4,122 $76,020 $8,700 $67,320
2018 $3,761 $19,911 $2,315 $17,596
2017 $3,535 $18,810 $2,416 $16,394
2016 $3,241 $17,764 $3,081 $14,683
2015 -- $17,764 $3,417 $14,347
2014 -- $17,588 $4,061 $13,527
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10948456

Real Estate Board of New York (REBNY)

APN: 03378-0006