NOT LISTED FOR SALE

Estimated Value: $1,552,816

4 Beds
4.5 Baths
2,494 Sq Ft
$623/Sq Ft Est. Value

Last Sold May 14, 2024

Last sale price $1,550,000 $621 Per Sq Ft

Current estimated payment $8,712/month

132 Days on Market

Highlights

  • Newly Remodeled
  • 2-minute walk to Rockaway Avenue (A,C Line)
  • Cooling Available
  • Modern Architecture
  • 4 Car Attached Garage
  • 4-minute walk to Marion Hopkinson Playground

About This Home

As of May 2024

Beautiful renovated corner mixed use property situated in the heart of Ocean Hill, two residential units that could be rented for 5000+ two commercial stores on the bottom and guess what, four parking spaces! All this for only $3,070 a year in taxes. Calculate your cap rate and see for yourself how amazing of an opportunity this is for either an end-user or an investment.

Last Agent to Sell the Property

Nina Sabag

5 Boro Realty Corp Brokerage Phone: 855-305-3325 License #10311207532 Listed on: 12/26/2023

Last Buyer's Agent

Nina Sabag

5 Boro Realty Corp Brokerage Phone: 855-305-3325 License #10311207532 Listed on: 12/26/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,036

Year Built

  • Built in 1899 | Newly Remodeled

Lot Details

  • 1,823 Sq Ft Lot
  • Lot Dimensions are 18.75x97.25
  • 1 Common Wall

Parking

  • 4 Car Attached Garage

Home Design

  • Modern Architecture

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Brooklyn Environmental Exploration Middle School
  • Metropolitan Diploma Plus High Sch

Additional Features

  • 3-Story Property
  • Cooling Available

Listing and Financial Details

  • Legal Lot and Block 66 / 1537
  • Assessor Parcel Number 01537-0066

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,036

Year Built

Built in 1899 | Newly Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Modern
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1899
  • New Construction: Yes
  • Attribution Contact: 855-305-3325
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: See Remarks
  • Total Bedrooms: 4
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Other
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4
  • Garage: Yes
  • Parking Description: Private, Attached, 4+ Car Attached

Utilities

  • Cooling: Yes
  • Heating: Other, See Remarks
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Brooklyn Environmental Exploration

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 18.75x97.25
  • Lot Size Sq Ft: 1823
  • Lot Size Units: Acres
  • Parcel Number: 01537-0066
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 3036
  • Tax Block: 1537
  • Tax Lot: 66
  • Tax Map Number: 01537-0066

MLS Schools

  • High School: Metropolitan Diploma Plus High Sch
  • Middle School District: Brooklyn 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2023
Closed on
Jun 3, 2024
Sold by
Moonbow Realty And Builders Inc
Bought by
O'Dowd Matthew C and O'Dowd Paolina M
Seller's Agent
Nina Sabag
5 Boro Realty Corp
Buyer's Agent
Nina Sabag
5 Boro Realty Corp
List Price
$1,900,000
Sold Price
$1,550,000
Premium/Discount to List
-$350,000
-18.42%
Views
99
Current Estimated Value
$1,552,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,816
Avg. Annual Appreciation
0.14%
Original Mortgage
$1,498,014
Outstanding Balance
$1,482,167
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$70,649

Purchase Details

Listed on
Apr 28, 2022
Closed on
Nov 28, 2022
Sold by
Sll Npl Llc
Bought by
Moonbow Realty And Builders Inc
Seller's Agent
Linh Ho
Liberty Chateau Realty Inc
Buyer's Agent
Linh Ho
Liberty Chateau Realty
List Price
$1,050,000
Sold Price
$895,000
Premium/Discount to List
-$155,000
-14.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.21%

Purchase Details

Listed on
Apr 28, 2022
Closed on
Nov 14, 2022
Sold by
Sll Funding Llc
Bought by
Sll Npl Llc
Seller's Agent
Linh Ho
Liberty Chateau Realty Inc
Buyer's Agent
Linh Ho
Liberty Chateau Realty
List Price
$1,050,000
Sold Price
$895,000
Premium/Discount to List
-$155,000
-14.76%

Purchase Details

Listed on
Apr 28, 2022
Closed on
Nov 4, 2022
Sold by
Nyc Reo Llc
Bought by
Sll Npl Llc
Seller's Agent
Linh Ho
Liberty Chateau Realty Inc
Buyer's Agent
Linh Ho
Liberty Chateau Realty
List Price
$1,050,000
Sold Price
$895,000
Premium/Discount to List
-$155,000
-14.76%

Purchase Details

Closed on
Apr 7, 2022
Sold by
Laspina Esq. As Referee Gregory M
Bought by
Sll Npl Llc

Purchase Details

Closed on
Mar 28, 2018
Sold by
Nyc Reo Llc
Bought by
Sll Funding Llc

Purchase Details

Closed on
Dec 8, 2016
Sold by
Miller Darryl A
Bought by
Nyc Reo Llc

Purchase Details

Closed on
Dec 21, 2005
Sold by
Whittingham George
Bought by
Miller Darryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,400
Interest Rate
6.28%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2002
Sold by
Cipollina Annette and Franjomar Realty Inc
Bought by
Morgan William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.4%
Mortgage Type
Commercial
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
O'Dowd Matthew C $1,550,000 --
Moonbow Realty And Builders Inc $895,000 --
Moonbow Realty And Builders Inc $895,000 --
Sll Npl Llc -- --
Sll Npl Llc -- --
Sll Npl Llc -- --
Sll Npl Llc -- --
Sll Npl Llc $1,000 --
Sll Npl Llc $1,000 --
Sll Funding Llc $550,000 --
Sll Funding Llc $550,000 --
Nyc Reo Llc $30,000 --
Nyc Reo Llc $30,000 --
Miller Darryl A $385,000 --
Miller Darryl A $385,000 --
Morgan William $250,000 --
Whittingham George $350,000 --
Morgan William $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open O'Dowd Matthew C $1,498,014
Previous Owner Miller Darryl A $400,400
Previous Owner Whittingham George $272,000
Closed Whittingham George $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2024 05/14/24 Sold $1,550,000 -18.4% $621 / Sq Ft
12/26/2023 12/26/23 For Sale $1,900,000 +112.3% $762 / Sq Ft
11/15/2022 11/15/22 Sold $895,000 -10.5% $359 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
05/04/2022 05/04/22 Price Changed $999,999 -4.8% $401 / Sq Ft
04/28/2022 04/28/22 For Sale $1,050,000 -- $421 / Sq Ft
Source: OneKey® MLS

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 $3,216 $60,180 $9,720 $50,460
2024 $3,216 $56,040 $9,720 $46,320
2023 $3,070 $66,420 $9,720 $56,700
2022 $2,140 $52,140 $9,720 $42,420
2021 $2,842 $44,940 $9,720 $35,220
2020 $691 $47,100 $9,720 $37,380
2019 $2,791 $42,060 $9,720 $32,340
2018 $2,568 $12,597 $3,494 $9,103
2017 $2,428 $11,911 $3,540 $8,371
2016 $2,250 $11,253 $4,015 $7,238
2015 $1,355 $11,244 $4,819 $6,425
2014 $1,355 $11,120 $5,060 $6,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3522373

OneKey® MLS

APN: 01537-0066