NOT LISTED FOR SALE

720 Jerome St Brooklyn, NY 11207

East New York Neighborhood

Estimated Value: $906,000 - $1,003,000

6 Beds
3 Baths
2,250 Sq Ft
$420/Sq Ft Est. Value

Sale Details

Date Sold: February 27, 2024

Last sale price $880,000 $391 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,544 / mo

99 Days on Market

Highlights

  • Colonial Architecture
  • Formal Dining Room
  • Cooling Available
  • Wood Flooring
  • 2 Car Attached Garage
  • 1-Story Property

About This Home

As of February 2024

Delivered Vacant. Welcome to 720 Jerome St, a Multi family brick house nestled in the heart of East New York, Brooklyn's fast-growing neighborhood. This well-kept and updated property offers 2 bedrooms, living room, dining room, eat- in kitchen and full bath in first floor. Second floor has two bedrooms, living room, dining room, kitchen and full bathroom. The ground floor has two bedrooms, large living room/ dining area, Kitchen and full bathroom with two separate entries. Central air, driveway and back yard. Several new buildings, the Gateway Mall, new shopping opportunities, trains and buses are Nearby that help make this an outstanding opportunity for end user and investors.

Last Agent to Sell the Property

Talaat Elkaray

Keller Williams Landmark II Brokerage Phone: 347-846-1200 License #40EL0920920 Listed on: 07/30/2023

Keller Williams Landmark II

Last Buyer's Agent

Leslie Dixon

Queens 4 Star Realty LLC License #10491208217

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,677

Year Built

  • Built in 1960

Lot Details

  • 2,033 Sq Ft Lot
  • Lot Dimensions are 20.33x100
  • Two or More Common Walls

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Formal Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Ps 13 Roberto Clemente Elementary School
  • Academy For Young Writers Middle School
  • Urban Assembly-Collaborative Healthc High School

Utilities

  • Cooling Available
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 17 / 4332
  • Assessor Parcel Number 04332-0017

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,677

Year Built

Built in 1960

Lot Details

2,033 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Levels: One
  • Year Built: 1960
  • New Construction: No
  • Attribution Contact: 347-846-1200
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formal Dining
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 6
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Private, Attached, 2 Car Attached

Utilities

  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Academy For Young Writers

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20.33x100
  • Lot Size Sq Ft: 2033
  • Lot Size Units: Acres
  • Parcel Number: 04332-0017
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-07-31

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 5677
  • Tax Block: 4332
  • Tax Lot: 17
  • Tax Map Number: 04332-0017

MLS Schools

  • Elementary School: Ps 13 Roberto Clemente,Ps 202 Ernest S Jenkyns,Ps 213 New Lots,Ps 273 Wortman
  • High School: Urban Assembly-Collaborative Healthc
  • Middle School District: Brooklyn 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2023
Closed on
Feb 27, 2024
Sold by
Bloomfield Mercella
Bought by
Abraham Jayden and Forsyth Carol
Seller's Agent
Talaat Elkaray
Keller Williams Landmark II
Buyer's Agent
Leslie Dixon
Queens 4 Star Realty LLC
List Price
$939,000
Sold Price
$880,000
Premium/Discount to List
-$59,000
-6.28%
Views
85
Current Estimated Value
$944,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,709
Avg. Annual Appreciation
3.31%
Original Mortgage
$864,061
Outstanding Balance
$842,830
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$101,879

Purchase Details

Closed on
Nov 24, 2008
Sold by
Bloomfield-Fox Mercella
Bought by
Bloomfield Mercella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2002
Sold by
Croft Terence
Bought by
Bloomfield-Cox Mercella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,900
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 1996
Sold by
Croft Nester L and Croft Nestor L
Bought by
Croft Terence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
8.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 1994
Sold by
Croft Marketta and Croft Terrance
Bought by
Croft Nestor L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abraham Jayden $880,000 --
Abraham Jayden $880,000 --
Abraham Jayden $880,000 --
Bloomfield Mercella -- --
Bloomfield Mercella -- --
Bloomfield-Cox Mercella -- --
Bloomfield-Cox Mercella -- --
Croft Terence $140,000 --
Croft Terence -- --
Croft Nestor L -- --
Croft Nestor L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abraham Jayden $864,061
Closed Abraham Jayden $864,061
Previous Owner Bloomfield Mercella $428,000
Previous Owner Bloomfield-Cox Mercella $260,900
Previous Owner Croft Terence $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2024 02/27/24 Sold $880,000 -2.1% $391 / Sq Ft
11/07/2023 11/07/23 Pending -- -- --
10/14/2023 10/14/23 Price Changed $899,000 -4.3% $400 / Sq Ft
07/30/2023 07/30/23 For Sale $939,000 -- $417 / Sq Ft
Source: OneKey® MLS

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
2026 $5,997 $50,580 $10,740 $39,840
2025 $5,952 $44,460 $10,740 $33,720
2024 $5,952 $49,740 $10,740 $39,000
2023 $5,677 $53,340 $10,740 $42,600
2022 $5,265 $48,060 $10,740 $37,320
2021 $5,237 $40,860 $10,740 $30,120
2020 $2,603 $36,540 $10,740 $25,800
2019 $5,166 $36,540 $10,740 $25,800
2018 $4,749 $23,296 $6,747 $16,549
2017 $4,480 $21,979 $8,901 $13,078
2016 $4,145 $20,736 $7,138 $13,598
2015 $2,501 $20,736 $10,718 $10,018
2014 $2,501 $20,578 $9,915 $10,663
Source: Public Records

Agents Affiliated with this Home

  • Talaat Elkaray

    Seller's Agent in 2024

    Talaat Elkaray

    Keller Williams Landmark II

    (917) 364-6295

    3 in this area

    27 Total Sales

    Talaat Elkaray
    Section Image

  • L

    Buyer's Agent in 2024

    Leslie Dixon

    Queens 4 Star Realty LLC

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3494506

OneKey® MLS

APN: 04332-0017

New York Kings County Brooklyn 11207 East New York

720 Jerome St, Brooklyn, NY

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