NOT LISTED FOR SALE

7023 20th Ave Brooklyn, NY 11204

Bensonhurst Neighborhood

Estimated Value: $1,955,810

-- Bed
-- Bath
5,400 Sq Ft
$362/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $1,815,000 $336 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $12,927/month

About This Home

As of July 2022

CALLING INVESTORS. Amazing 20th Ave renowned Location- Four Families and Two Stores. Mixed-Use Building. Use as a large Three Story Four Families over Two Stores & a Full-basement; Perfectly situated on a high traffic/high visibility, 20th Ave, In a sensation community- surrounded by all the most essential amenities... This awesome property is in excellent condition. The ground floor is a restaurant and an office. Second-floor front & Third Floor rear feature Full bath, 2-bedrooms, kitchen, & living room. Second-floor rear and Third-floor front feature 3-bedrooms, full bath, kitchen, & living room. An outstanding opportunity for any end-user business owner or ideal as a high-income investment property (Over 4% CAP)... Price is right and extremely competitive for today's active market- There will surely be plenty of excitement & buyer enthusiasm surrounding this almost too good to be true building... Don't miss your chance to WIN a truly prized piece of real estate; In one of Brooklyn's most sought-after neighborhoods...

Last Agent to Sell the Property

Kevin Lam

Momentum Real Estate LLC Listed on: 03/10/2022

Last Buyer's Agent

Ronald Chui

Momentum Real Estate LLC

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $20,783

Year Built

  • Built in 1928

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Property is zoned R5

Home Design

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

Interior Spaces

  • 5,400 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas

Listing and Financial Details

  • Tax Block 6174

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $7,800
  • Insurance Expense $4,000
  • Utility Expense $1,800
  • Gross Income $152,400

Property Details

Property Type

Other

Est. Annual Taxes

$20,783

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1800
  • Building Length: 90.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 70th Street
  • Cross Street Name2: 71st Street
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 4
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 5400
  • Building Stories: 3
  • Street Name I D X: 20th
  • Street Number I D X: 7023
  • Year Built: 1928
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Other
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Other
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 1
  • Roof: Flat, Rubber

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Fee Information

  • Annual Fuel Expense: 7800.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5

Multi Family

  • Annual Gross Expense: 39300.00
  • Annual Gross Income: 152400
  • Insurance Expense: 4000.00
  • Unit Count: 6
  • Annual Utility Expenses: 1800.00

Tax Info

  • Flip Tax Amount: 20783.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Jul 27, 2022
Sold by
5803 Fifth Avenue Realty Corp
Bought by
Luu Star Llc
Seller's Agent
Kevin Lam
Momentum Real Estate LLC
Buyer's Agent
Ronald Chui
Momentum Real Estate LLC
Sold Price
$1,815,000
Current Estimated Value
$1,955,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,810
Avg. Annual Appreciation
2.75%
Original Mortgage
$900,000
Outstanding Balance
$863,972
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,106,223

Purchase Details

Closed on
Oct 6, 2017
Sold by
Mcs Enterprises Llc
Bought by
5803 Fifth Avenue Realty Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2004
Sold by
Sainato Mario
Bought by
Mcs Enterprises L L C
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Luu Star Llc $1,815,000 --
Luu Star Llc $1,815,000 --
5803 Fifth Avenue Realty Corp $2,000,000 --
5803 Fifth Avenue Realty Corp $2,000,000 --
Mcs Enterprises L L C -- --
Mcs Enterprises L L C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luu Star Llc $900,000
Closed Luu Star Llc $900,000
Previous Owner 5803 Fifth Avenue Realty Corp $1,000,000
Previous Owner Mcs Enterprises Llc $145,572
Previous Owner Mcs Enterprises Llc $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2022 07/27/22 Sold $1,815,000 -- $336 / Sq Ft
03/10/2022 03/10/22 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 $25,495 $575,100 $6,750 $568,350
2024 $25,495 $479,250 $6,750 $472,500
2023 $24,015 $426,150 $6,750 $419,400
2022 $22,387 $379,350 $6,750 $372,600
2021 $20,783 $446,400 $6,750 $439,650
2020 $10,217 $478,440 $6,750 $471,690
2019 $19,784 $478,440 $6,750 $471,690
2018 $19,154 $150,593 $2,549 $148,044
2017 $17,902 $140,747 $2,666 $138,081
2016 $16,801 $130,322 $2,723 $127,599
2015 $10,908 $130,321 $2,692 $127,629
2014 $10,908 $120,668 $2,992 $117,676
Source: Public Records

Agents Affiliated with this Home

  • Kevin Lam

    Seller's Agent in 2022

    Kevin Lam

    Momentum Real Estate LLC

    (347) 605-6073

    23 in this area

    127 Total Sales

    Section Image
  • Ronald Chui

    Buyer's Agent in 2022

    Ronald Chui

    Momentum Real Estate LLC

    (646) 210-2768

    18 in this area

    94 Total Sales

    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 459676

Brooklyn Board of REALTORS®

APN: 06174-0001

New York Kings County Brooklyn 11204 Bensonhurst

7023 20th Ave, Brooklyn, NY

This home is located at 7023 20th Ave, Brooklyn, NY 11204 since 10 March 2022 and is currently estimated at $1,955,810, approximately $362 per square foot. This property was built in 1928. 7023 20th Ave is a home located in Kings County with nearby schools including P.S. 205 The Clarion School, Seth Low Intermediate School 96, and James Madison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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