NOT LISTED FOR SALE

Estimated Value: $1,420,000 - $1,771,000

8 Beds
3 Baths
2,172 Sq Ft
$741/Sq Ft Est. Value

Last Sold November 21, 2022

Last sale price $1,520,000 $700 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,554/month

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Multiple cooling system units
  • Junior High School 259 William McKinley Rated A
  • 1 Car Attached Garage
  • 4-minute walk to Leif Ericson Park

About This Home

As of November 2022

Introducing an opportunity to own a 3 family home located in the coveted area of Bay Ridge, Brooklyn. The property features a community driveway with a semi-detached garage that can park 1 vehicle. The property also has a front and back yard perfect for family activities all year round. The property features a walk-in level featuring 1 bedroom, a full bathroom, a living room, a kitchen, a spacious family room, laundry room, and utility room. The first level features 3 bedrooms, a living and dining room combo, an eat-in kitchen, 1 full bath, as well as access to the backyard. The second level features 4 bedrooms, a living and dining room combo, an eat-in kitchen, a full bathroom, and access to a balcony. The property is conveniently located near an abundance of restaurants, shops, supermarkets, and much much more. There are also multiple public transportation options nearby providing an easy commute around the city.

Last Agent to Sell the Property

Shu Yu (Linda) Zeng

Ashford Homes LLC Listed on: 09/06/2022

Last Buyer's Agent

Dan Dong

RE/MAX Edge

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,023

Year Built

  • Built in 1925

Lot Details

  • 2,142 Sq Ft Lot
  • Lot Dimensions are 100 x 21
  • Back and Front Yard

Parking

  • 1 Car Attached Garage

Home Design

  • Colonial Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,172 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Walk-Out Basement
  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Tax Block 5867

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,023

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Walk-in
  • Total Bathrooms: 3.00
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1100
  • Building Length: 55.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Bay Ridge Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: 1 Space, Attached Garage
  • Parking Feature Single: Community Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Dryer, Laundry Area, Refrigerator, Stove, Washer
  • Fill Sq Ft Total: 2172
  • Building Stories: 2
  • Street Name I D X: 7th
  • Street Number I D X: 6811
  • Building Style: Colonial
  • Year Built: 1925
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 8
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2142
  • Total Rooms: 20

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 5
  • Roof: Flat

Utilities

  • Air Conditioning Units: 2
  • Electric: Other
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 21
  • Zoning: R5B

Tax Info

  • Flip Tax Amount: 4023.00

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Nov 18, 2022
Sold by
Cody Lok As Trustee
Bought by
Chen Yin Le and Liu Sai Ying
Seller's Agent
Shu Yu (Linda) Zeng
Ashford Homes LLC
Buyer's Agent
Dan Dong
RE/MAX Edge
Sold Price
$1,520,000
Current Estimated Value
$1,609,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,736
Avg. Annual Appreciation
1.63%
Original Mortgage
$912,000
Outstanding Balance
$885,541
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$705,258

Purchase Details

Closed on
May 23, 2016
Sold by
Lok Cheung Yip and Lok Koon Kiu
Bought by
Cody Lok Trustee
Source: Public Records

Range of Values:

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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 Yin Le $1,520,000 --
Cody Lok Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Yin Le $912,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2022 11/21/22 Sold $1,520,000 -- $700 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $10,213 $89,040 $21,900 $67,140
2024 $10,213 $75,600 $21,900 $53,700
2023 $9,743 $84,300 $21,900 $62,400
2022 $4,030 $82,740 $21,900 $60,840
2021 $4,284 $70,980 $21,900 $49,080
2020 $3,213 $57,120 $21,900 $35,220
2019 $3,773 $57,120 $21,900 $35,220
2018 $3,416 $39,978 $12,493 $27,485
2017 $3,344 $39,148 $13,506 $25,642
2016 $3,683 $39,148 $11,477 $27,671
2015 $2,011 $37,430 $14,570 $22,860
2014 $2,011 $35,312 $14,438 $20,874
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 466452

Brooklyn Board of REALTORS®

APN: 05867-0005