NOT LISTED FOR SALE

Estimated Value: $2,016,498

Studio
-- Bath
4,300 Sq Ft
$469/Sq Ft Est. Value

Sale Details

Date Sold: July 28, 2020

Last sale price $1,500,000 $349 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $11,371 / mo

Highlights

  • Wood Flooring
  • Ceiling height of 10 feet or more
  • Heating System Uses Steam
  • P.S. 048 Mapleton Rated A-
  • Hot Water Heating System

About This Home

As of July 2020

Capitalize on this Single Family / Mixed Use property that is centrally located in the heart of busy 18th Avenue.

This building consists of a 3 Bedroom, 1 Bathroom apartment on the second floor that spans approximately 1,700 Sq.Ft., with a backyard roof top patio, which could be potentially be rented out for $2,100 monthly.

The 1st floor retail space is currently vacant and mirrors the same square footage of the apartment above at 1,700 Sq.Ft. consisting of access to the basement, which is an additional 900 Sq.Ft. In total, 2,600 Sq.Ft. of retail space, which could be potentially rented out from $5,000 - $6,000 monthly. Rent Roll (ideally) is potentially $97,200 Annually Gross, $82,400 NOI, 3.7% Cap. Rate.

This would make a nice addition to your real estate investor portfolio.

Last Agent to Sell the Property

Lou Guida

Keller Williams Realty Empire Listed on: 09/14/2019

Keller Williams Realty Empire

Last Buyer's Agent

Lou Guida

Keller Williams Realty Empire Listed on: 09/14/2019

Keller Williams Realty Empire

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 1931

Lot Details

  • 1,750 Sq Ft Lot
  • Lot Dimensions are 100 x 17
  • Property is zoned R5

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 4,300 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 10 feet or more
  • Basement Cellar

Flooring

  • Wood
  • Carpet

Utilities

  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Fuel Expense $2,500
  • Insurance Expense $2,000
  • Utility Expense $900
  • Gross Income $97,200
  • Net Operating Income $82,400

Listing and Financial Details

  • Tax Block 5576

Property Details

Property Type

Other

Est. Annual Taxes

$8,000

Year Built

Built in 1931

Lot Details

1,750 Sq Ft Lot

Listing Details

  • Basement Amenities: Cellar
  • Borough: Brooklyn
  • Building Length: 50.00
  • Building Width: 18.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 68th St
  • Cross Street Name2: Bay Ridge Av
  • Heat Delivery: Hot Water, Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4300
  • Building Stories: 2
  • Street Name I D X: 18
  • Year Built: 1931
  • Special Features: None
  • Stories: 2

Interior Features

  • Ceiling: 11-15 Foot
  • Flooring: Carpeting, Hardwood
  • Lot Sq Ft: 1750

Exterior Features

  • Yard: None
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 42
  • Roof: Asphalt/Tar, Flat

Utilities

  • Electric: Circuit Breakers, Other
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2500.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 17
  • Zoning: R5

Rental Info

  • Rent Income: 97200

Multi Family

  • Annual Gross Expense: 14800.00
  • Annual Gross Income: 97200
  • Insurance Expense: 2000.00
  • Property Net Operating Income: 82400.00
  • Unit Count: 2
  • Annual Utility Expenses: 900.00

Tax Info

  • Flip Tax Amount: 8000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2019
Closed on
Jul 28, 2020
Sold by
Traina Salvatore
Bought by
Chan Kar Ming
Seller's Agent
Lou Guida
Keller Williams Realty Empire
Buyer's Agent
Lou Guida
Keller Williams Realty Empire
Sold Price
$1,500,000
Current Estimated Value
$2,016,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$516,498
Avg. Annual Appreciation
5.30%

Purchase Details

Closed on
Dec 30, 2010
Sold by
Aurigemma Lisa
Bought by
Traina Salvatore
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chan Kar Ming $1,500,000 --
Traina Salvatore -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2020 07/28/20 Sold $1,500,000 -- $349 / Sq Ft
09/14/2019 09/14/19 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $8,031 $44,280 $12,720 $31,560
2024 $8,031 $45,840 $12,720 $33,120
2023 $7,661 $54,780 $12,720 $42,060
2022 $7,293 $50,520 $12,720 $37,800
2021 $7,406 $49,020 $12,720 $36,300
2020 $3,177 $62,160 $12,720 $49,440
2019 $6,311 $62,160 $12,720 $49,440
2018 $5,749 $31,435 $7,722 $23,713
2017 $5,454 $29,925 $7,881 $22,044
2016 $5,242 $29,327 $9,266 $20,061
2015 $2,430 $27,934 $10,594 $17,340
2014 $2,430 $27,934 $12,708 $15,226
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 433249

Brooklyn Board of REALTORS®

APN: 05576-0042

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