NOT LISTED FOR SALE

723 51 St Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated Value: $1,590,000 - $1,671,000

5 Beds
4 Baths
1,800 Sq Ft
$910/Sq Ft Est. Value

Sale Details

Date Sold: March 1, 2019

Last sale price $1,280,000 $711 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,347 / mo

65 Days on Market

About This Home

As of March 2019

2 family, investment in the heart of Sunset Park

Last Agent to Sell the Property

Yu Wu

Momentum Real Estate, LLC License #10301220202 Listed on: 09/27/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,600

Year Built

  • Built in 1940

Lot Details

  • 1,600 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 1,800 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Finished Basement

Community Details

Overview

  • Active Adult
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,600

Year Built

Built in 1940

Lot Details

1,600 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement: Finished
  • Total Bedrooms: 5
  • Living Area: 1800.00
  • Square Footage: 1800.00

Exterior Features

  • View YN: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: Yes

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0400
  • Lot Dimensions: 1600.0000
  • Lot Size Sq Ft: 1600.00
  • Lot Size Units: Acres
  • Property Attached: Yes

Tax Info

  • Close Date: 2019-03-01
  • Tax Annual Amount: 4600.00

Multi Family

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

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Call Listing Agent

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2018
Closed on
Mar 1, 2019
Sold by
Bought by
Seller's Agent
Yu Wu
Momentum Real Estate, LLC
List Price
$1,350,000
Sold Price
$1,280,000
Premium/Discount to List
-$70,000
-5.19%
Current Estimated Value
$1,637,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,352
Avg. Annual Appreciation
3.43%
Original Mortgage
$930,000
Outstanding Balance
$804,184
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$833,168

Purchase Details

Closed on
Jul 26, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 3, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.11%

Purchase Details

Closed on
Mar 22, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
10.12%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,280,000 --
-- --
-- --
$170,000 Commonwealth Land Title Ins
$142,500 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $930,000
Previous Owner $136,000
Previous Owner $114,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2019 03/01/19 Sold $1,280,000 0.0% $1,422 / Sq Ft View Prior Sale
03/01/2019 03/01/19 Sold $1,280,000 -5.2% $711 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $1,350,000 -- $750 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
Source: OneKey® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,031 $73,800 $27,000 $46,800
2025 $5,699 $66,840 $27,000 $39,840
2024 $5,699 $76,200 $27,000 $49,200
2023 $5,501 $91,500 $27,000 $64,500
2022 $5,149 $74,880 $27,000 $47,880
2021 $5,270 $68,880 $27,000 $41,880
2020 $2,618 $68,640 $27,000 $41,640
2019 $4,946 $75,900 $27,000 $48,900
2018 $4,601 $22,572 $10,887 $11,685
2017 $4,382 $21,496 $8,368 $13,128
2016 $4,172 $20,869 $10,971 $9,898
2015 $2,226 $20,851 $11,115 $9,736
2014 $2,226 $19,704 $12,361 $7,343
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2019

    Yu Xiao (Mary) Wu

  • Y

    Seller's Agent in 2019

    Yu Wu

    Momentum Real Estate, LLC

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Map

Source: OneKey® MLS

MLS Number: KEY4845490

OneKey® MLS

APN: 00794-0071

New York Kings County Brooklyn 11220 Sunset Park

723 51 St, Brooklyn, NY

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