NOT LISTED FOR SALE

7123 20th Ave Benhurst, NY 11204

Bensonhurst Neighborhood

Estimated Value: $2,082,653

Studio
-- Bath
5,100 Sq Ft
$408/Sq Ft Est. Value

Last Sold October 26, 2024

Last sale price $1,999,000 $392 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $12,955/month

Highlights

  • Wood Flooring
  • P.S. 205 The Clarion School Rated A-
  • Heating System Uses Steam

About This Home

As of October 2024

Brick Building at the corner of 20th Avenue and 72nd Street contains 4 Families and 2 stores
1St floor is fully built on a 20x100 lot: The storefront is occupied by the laundromat, and the rear is occupied by the social club, 2nd floor has 2-2bedroom apartments 3rd floor has bedroom apartments,, a total of 2 stores, and 4 apartments, fully occupied.

Last Agent to Sell the Property

Leonid Sklyar

RE/MAX Edge License #10301207131 Listed on: 06/19/2024

RE/MAX Edge

Co-Listed By

Albert Taye

RE/MAX Edge License #30TA0927395

RE/MAX Edge

Last Buyer's Agent

Albert Taye

RE/MAX Edge License #30TA0927395

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $24,781

Year Built

  • Built in 1927

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Property is zoned R5

Home Design

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

Interior Spaces

  • 5,100 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Ceramic Tile

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Tax Block 6185

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $11,000
  • Insurance Expense $6,200
  • Gross Income $105,000
  • Net Operating Income $57,019

Property Details

Property Type

Other

Est. Annual Taxes

$24,781

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Borough: Brooklyn
  • Building Length: 85.00
  • Building Width: 20.00
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 71st St
  • Cross Street Name2: 72nd St
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 4
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 5100
  • Building Stories: 3
  • Street Name I D X: 20th
  • Waterfront Present: No
  • Year Built: 1927
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Ceramic, Hardwood, Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 1
  • Roof: Flat

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Oil
  • Hot Water: Oil

Fee Information

  • Annual Fuel Expense: 11000.00

Lot Info

  • Lot Dimensions: 20x100
  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R5

Multi Family

  • Annual Gross Expense: 47981.00
  • Annual Gross Income: 105000
  • Insurance Expense: 6200.00
  • Property Net Operating Income: 57019.00
  • Unit Count: 6

Tax Info

  • Flip Tax Amount: 24781.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Oct 25, 2024
Sold by
Nicotra Giuseppe and Nicotra Maria
Bought by
7123 Management Llc
Seller's Agent
Leonid Sklyar
RE/MAX Edge
Buyer's Agent
Albert Taye
RE/MAX Edge
List Price
$2,200,000
Sold Price
$1,999,000
Premium/Discount to List
-$201,000
-9.14%
Views
3
Current Estimated Value
$2,082,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,653
Avg. Annual Appreciation
3.42%
Original Mortgage
$1,199,400
Outstanding Balance
$1,184,890
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$897,763
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
7123 Management Llc $1,999,000 --
7123 Management Llc $1,999,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 7123 Management Llc $1,199,400
Closed 7123 Management Llc $1,199,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2024 10/26/24 Sold $1,999,000 -9.1% $392 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $2,200,000 -- $431 / Sq Ft
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 $24,781 $483,750 $13,050 $470,700
2024 $24,781 $452,700 $13,050 $439,650
2023 $22,514 $402,300 $13,050 $389,250
2022 $21,749 $408,150 $13,050 $395,100
2021 $20,197 $327,150 $13,050 $314,100
2019 $19,230 $361,800 $13,050 $348,750
2018 $17,957 $141,180 $4,897 $136,283
2017 $17,392 $136,740 $5,301 $131,439
2016 $16,328 $126,651 $5,417 $121,234
2015 $10,597 $126,644 $5,361 $121,283
2014 $10,597 $117,287 $5,957 $111,330
Source: Public Records

Agents Affiliated with this Home

  • Leonid Sklyar

    Seller's Agent in 2024

    Leonid Sklyar

    RE/MAX Edge

    (347) 515-3898

    6 in this area

    127 Total Sales

    Leonid Sklyar
    Section Image
  • Albert Taye

    Seller Co-Listing Agent in 2024

    Albert Taye

    RE/MAX Edge

    (917) 592-1281

    5 in this area

    79 Total Sales

    Albert Taye
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 483970

Brooklyn Board of REALTORS®

APN: 06185-0001

New York Kings County Brooklyn 11204 Bensonhurst

7123 20th Ave, Brooklyn, NY

Not Listed for Sale

Other

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