NOT LISTED FOR SALE

718 E 39th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $648,758 - $788,000

3 Beds
2 Baths
1,280 Sq Ft
$555/Sq Ft Est. Value

Last Sold October 26, 2022

Last sale price $725,000 $566 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,361/month

16 Days on Market

Highlights

  • Colonial Architecture
  • Main Floor Primary Bedroom
  • Hot Water Heating System
  • Property is near public transit
  • Park
  • 2-minute walk to Paerdegat Park

About This Home

As of October 2022

Amazing opportunity in one of Brooklyn's hottest rental markets. This is a 2 family building with 2 units; 1 Bedroom unit on first floor and a 2 bedroom apartment on the second floor. This home can be converted back to a one family with basement with ample ceiling height. Located close to all shopping and transportation. This property is waiting on your unique touch to turn it into a very lucrative rental opportunity OR make it a one family if you prefer. Easy commute to the city and close to all major highways. Don't let this opportunity pass you by.!

Last Agent to Sell the Property

Temra Taylor

Charles Rutenberg Realty Inc License #40TA1102859 Listed on: 07/15/2022

Charles Rutenberg Realty Inc

Last Buyer's Agent

Temra Taylor

Charles Rutenberg Realty Inc License #40TA1102859 Listed on: 07/15/2022

Charles Rutenberg Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,446

Year Built

  • Built in 1920

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • No Common Walls

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Shared Driveway

Location

  • Property is near public transit

Schools

  • Ps 198 Elementary School
  • Andries Hudde Middle School
  • James Madison High School

Utilities

  • No Cooling
  • 2 Heating Zones
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Oil Water Heater

Listing and Financial Details

  • Legal Lot and Block 39 / 4972
  • Assessor Parcel Number 04972-0039

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,446

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Levels: Two
  • Year Built: 1920
  • New Construction: No
  • Attribution Contact: 516-575-7500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Master Downstairs
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full
  • Total Bedrooms: 3
  • Living Area: 1280.00
  • Kitchens: 2
  • Square Footage: 1280.00

Exterior Features

  • Construction Materials: Brick, Aluminum Siding
  • Flood Zone Report: No

Garage/Parking

  • Total Parking Spaces: 1.00
  • Attached Garage: No
  • Garage: No
  • Parking Description: Shared Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Hot Water: Fuel Oil Stand Alone
  • Heating Zones: 2
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Ps 198
  • Middle School: Andries Hudde School
  • High School: James Madison High School
  • Middle School: Andries Hudde School

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Area: 0.0500
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04972-0039
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-10-26
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 5446.00
  • Tax Block: 4972
  • Tax Lot: 39
  • Tax Map Number: 04972-0039

Multi Family

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

MLS Schools

  • Elementary School: Ps 198
  • High School: James Madison High School
  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Oct 25, 2022
Sold by
Rhone Eulalee and Rhone Maxlyn
Bought by
Ismail Arafat and Ismail Kazi
Seller's Agent
Temra Taylor
Charles Rutenberg Realty Inc
Buyer's Agent
Temra Taylor
Charles Rutenberg Realty Inc
List Price
$649,999
Sold Price
$725,000
Premium/Discount to List
$75,001
11.54%
Views
4
Current Estimated Value
$704,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,906
Avg. Annual Appreciation
-2.04%
Original Mortgage
$543,750
Outstanding Balance
$527,236
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,226

Purchase Details

Closed on
Oct 20, 2016
Sold by
Rhone Eula Lee
Bought by
Rhone Eulalee and Rhone Maxlyn
Source: Public Records

Range of Values:

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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
Ismail Arafat $725,000 --
Rhone Eulalee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ismail Arafat $543,750
Previous Owner Rhone Eulalee $175,600
Previous Owner Rhone Eula Lee $141,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2022 10/26/22 Sold $725,000 +11.5% $566 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $649,999 -- $508 / 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 $6,070 $36,240 $10,860 $25,380
2024 $6,070 $39,300 $10,860 $28,440
2023 $5,791 $39,060 $10,860 $28,200
2022 $5,475 $31,980 $10,860 $21,120
2021 $5,446 $33,180 $10,860 $22,320
2020 $4,085 $29,640 $10,860 $18,780
2019 $5,268 $29,640 $10,860 $18,780
2016 $4,311 $21,565 $9,162 $12,403
2015 $2,601 $21,565 $10,836 $10,729
2014 $2,601 $20,988 $10,707 $10,281
Source: Public Records

Agents Affiliated with this Home

  • Temra Taylor

    Seller's Agent in 2022

    Temra Taylor

    Charles Rutenberg Realty Inc

    (516) 851-4861

    1 in this area

    13 Total Sales

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Map

Source: OneKey® MLS

MLS Number: KEY3415480

OneKey® MLS

APN: 04972-0039

New York Kings County Brooklyn 11203 East Flatbush

718 E 39th St, Brooklyn, NY

This home is located at 718 E 39th St, Brooklyn, NY 11203 since 15 July 2022 and is currently estimated at $710,940, approximately $555 per square foot. This property was built in 1920. 718 E 39th St is a home located in Kings County with nearby schools including P.S. 198 Brooklyn, Andries Hudde School, and Central Brooklyn Ascend Charter.

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