Seller's Agent in 2020
Harjot Nayar
Keller Williams NYC
(646) 598-8598
25 Total Sales
705 Schenck Ave Brooklyn, NY 11207
East New York NeighborhoodEstimated Value: $826,169 - $1,007,000
6
Beds
5
Baths
1,785
Sq Ft
$521/Sq Ft
Est. Value
Highlights
- Balcony
- Building Patio
- Garden
- Eat-In Kitchen
- Patio
- 4-minute walk to Sankofa Park
About This Home
As of July 2020We can arrange direct showings for serious buyers. Walkthrough video: https://youtu.be/TEo2oxkfw9w
Turnkey investment with an above average 7% cap rate, or make this your home and earn rental income.
Move-in ready, two-family home. 3 bed/2 bath over a 3 bed/3 bath duplex, totaling 1785 usable SF. This is a 17' x 35' freestanding house on a 20' x 100' lot with 1,380 SF unused FAR.
The home was fully gutted in 2017 including new plumbing, heating, roofing, and electrical. Both units feature modern kitchens and bathrooms, large closets, bamboo hardwood flooring,and recessed lighting. The finished basement has two private entrances and full bath. When you want to grill or garden, enjoy another 800 SF of outdoor space; have your choice of the garden patio, fenced backyard or balcony with French doors.
With these low taxes, record-low mortgage rates, and a high demand of rentals, this is a low-risk & high-return purchase. Investors: enjoy $64,000 in immediate rental income for a 7% cap rate. Owner-occupants: move in to your apartment of choice and offset your mortgage with rental income.
East New York is a thriving market, and this property is conveniently situated in the middle of its best. Reach Manhattan in 30 minutes, after just 5 minutes to the3 subway or further to the L. For a nature-loving day, drive 10 minutes to the new 407-acre Shirley Chisholm State Park or any of the other parks and piers. On the way, stop at the Gateway Center mega-plaza for shopping & restaurant (calling Target lovers!). Or there are grocery stores, schools and parks around the block. Need a vacation? JFK Airport is 15 minutes away. This area is appreciating quickly.
Contact agent today for private & virtual tours, and more information.
Last Agent to Sell the Property
Keller Williams NYC License #10401291584 Listed on: 03/18/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,662
Lot Details
- Garden
Home Design
- Duplex
Interior Spaces
- 1,785 Sq Ft Home
- 2-Story Property
- Eat-In Kitchen
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Balcony
- Patio
Community Details
Overview
- 2 Units
- New Lots Subdivision
Amenities
- Building Patio
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 18, 2020
Closed on
Jul 16, 2020
Sold by
Correa Cesar G and Correa Karla V
Bought by
Levine Jordan and Levine Lauren
Seller's Agent
Harjot Nayar
Keller Williams NYC
List Price
$840,000
Sold Price
$840,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,315
Avg. Annual Appreciation
0.64%
Original Mortgage
$630,000
Outstanding Balance
$562,364
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$305,447
Purchase Details
Closed on
Jul 25, 2017
Sold by
705 Schenck Ave 2016 Corp
Bought by
Correa Cesar G and Correa Karla V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Nov 21, 2016
Sold by
Gregory M Laspina Esq Referee
Bought by
705 Schenck Ave 2016 Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.52%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 22, 2008
Sold by
Uddin Mohammed B
Bought by
Rodriguez Evelin Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 9, 2006
Sold by
Secretary Of Housing And Urban Developme
Bought by
Uddin Mohammed B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,200
Interest Rate
6.59%
Purchase Details
Closed on
Mar 4, 2004
Sold by
Clarke Esq As Referee Donald
Bought by
Secretary Of Housing And Urban Developme
Purchase Details
Closed on
Mar 21, 2001
Sold by
G And I Development Corp
Bought by
Greene Valmay and Hinds Leslie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,950
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 2000
Sold by
Port Realty Group Llc
Bought by
G & I Development Inc
Purchase Details
Closed on
Feb 16, 2000
Sold by
Good Housing Inc
Bought by
Port Realty Group Llc
Purchase Details
Closed on
Feb 15, 2000
Sold by
Hud
Bought by
Good Housing Inc
Purchase Details
Closed on
Nov 12, 1999
Sold by
Norwest Mtg Inc
Bought by
Hud
Purchase Details
Closed on
Oct 4, 1999
Sold by
Baker Patricia M and The City Of New York Parking Violations
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
Apr 8, 1996
Sold by
Landmark Equities Corp
Bought by
Baker Patricia M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,385
Interest Rate
8.01%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 16, 1995
Sold by
Citibank Na
Bought by
Landmark Equities Corp
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Levine Jordan | $840,000 | -- | |
| Correa Cesar G | $680,000 | -- | |
| 705 Schenck Ave 2016 Corp | $291,000 | -- | |
| Rodriguez Evelin Patricia | $595,000 | -- | |
| Rodriguez Evelin Patricia | $595,000 | -- | |
| Uddin Mohammed B | $401,000 | -- | |
| Uddin Mohammed B | $401,000 | -- | |
| Secretary Of Housing And Urban Developme | $340,000 | -- | |
| Secretary Of Housing And Urban Developme | $340,000 | -- | |
| Greene Valmay | -- | -- | |
| Greene Valmay | -- | -- | |
| G & I Development Inc | $212,500 | -- | |
| G & I Development Inc | $212,500 | -- | |
| Port Realty Group Llc | $117,000 | Titleguard Inc | |
| Port Realty Group Llc | $117,000 | Titleguard Inc | |
| Good Housing Inc | $52,500 | Titleguard Inc | |
| Good Housing Inc | $52,500 | Titleguard Inc | |
| Hud | -- | -- | |
| Hud | -- | -- | |
| Norwest Mtg Inc | $189,500 | -- | |
| Norwest Mtg Inc | $189,500 | -- | |
| Baker Patricia M | $159,000 | -- | |
| Baker Patricia M | $159,000 | -- | |
| Landmark Equities Corp | $59,000 | Commonwealth Land Title Ins | |
| Landmark Equities Corp | $59,000 | Commonwealth Land Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Levine Jordan | $630,000 | |
| Previous Owner | Correa Cesar G | $78,238 | |
| Previous Owner | Correa Cesar G | $510,000 | |
| Previous Owner | 705 Schenck Ave 2016 Corp | $310,000 | |
| Previous Owner | Rodriguez Evelin Patricia | $533,500 | |
| Previous Owner | 705 Century Corp | $96,089 | |
| Previous Owner | Uddin Mohammed B | $80,200 | |
| Previous Owner | Uddin Mohammed B | $320,800 | |
| Previous Owner | Greene Valmay | $257,950 | |
| Previous Owner | Baker Patricia M | $158,385 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2020 07/16/20 | Sold | $840,000 | 0.0% | $471 / Sq Ft |
| 05/14/2020 05/14/20 | Pending | -- | -- | -- |
| 03/17/2020 03/17/20 | For Sale | $840,000 | -- | $471 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $1,662 | $31,020 | $14,400 | $16,620 |
| 2024 | $1,662 | $36,480 | $14,400 | $22,080 |
| 2023 | $1,586 | $33,000 | $14,400 | $18,600 |
| 2022 | $1,473 | $31,440 | $14,400 | $17,040 |
| 2021 | $1,470 | $30,480 | $14,400 | $16,080 |
| 2020 | $731 | $25,500 | $14,400 | $11,100 |
| 2019 | $1,442 | $21,840 | $14,400 | $7,440 |
| 2018 | $1,326 | $6,506 | $3,206 | $3,300 |
| 2017 | $1,253 | $6,148 | $2,928 | $3,220 |
| 2016 | $1,163 | $5,820 | $3,204 | $2,616 |
| 2015 | $480 | $5,820 | $4,111 | $1,709 |
| 2014 | $480 | $5,746 | $4,870 | $876 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10628583
APN: 04308-0035
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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