NOT LISTED FOR SALE

723 E 87th St Brooklyn, NY 11236

Canarsie Neighborhood

Estimated Value: $955,522

-- Bed
-- Bath
2,160 Sq Ft
$442/Sq Ft Est. Value

Last Sold September 29, 2025

Last sale price $825,000 $382 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,587/month

Highlights

  • Wood Flooring
  • Private Driveway
  • Back and Front Yard
  • Baseboard Heating

About This Home

As of September 2025

Discover a rare opportunity to own a two family in the heart of Canarsie, just minutes from Rockaway Parkway and the bustling Remsen Avenue shopping district. This unique property sits on a 40x100 lot, total 2160 square feet with a 22x52.5 of building size with
- Spacious living room
- Hard wood floor
- Well-sized bedrooms
- Full bathroom
- Two separate entrances for convenience

Additional Highlights:
- two separate heating units
- Private driveway fits four cars
- Close to major amenities – IHOP, 7-Eleven, supermarkets, and more
- minute drive to Canarsie Park & Bergen Beach

This property is perfect for an investor, or homeowner looking for an opportunity in a high-demand neighborhood. Don't miss out on this incredible offering! Schedule your showing today!

Last Agent to Sell the Property

Hong Bin Wu

E House Realty & Mgt. Inc. Listed on: 02/14/2025

Last Buyer's Agent

NON MEMBER

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,970

Year Built

  • Built in 1955

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 100 x 40
  • Back and Front Yard
  • Property is zoned R4-1

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,160 Sq Ft Home
  • Wood Flooring

Parking

  • 4 Parking Spaces
  • Private Driveway

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Community Details

  • Fuel Expense $3,200
  • Insurance Expense $2,500
  • Utility Expense $1,800
  • Gross Income $216,000

Listing and Financial Details

  • Tax Block 8008

Property Details

Property Type

Other

Est. Annual Taxes

$6,970

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Basement Amenities: None
  • Borough: Brooklyn
  • Building Length: 52.50
  • Building Width: 22.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: east 87 st
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Number Of Families: 1
  • Parking Attributes: 4 Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2160
  • Street Name I D X: 87th
  • Waterfront Present: No
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 4000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 26
  • Roof: Other

Utilities

  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3200.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 40
  • Zoning: R4-1

Rental Info

  • Rent Income: 18000
  • Tenant Monthly Rent: 1500.00

Multi Family

  • Annual Gross Expense: 68400.00
  • Annual Gross Income: 216000
  • Insurance Expense: 2500.00
  • Miscellaneous Expense: 500.00
  • Unit Count: 2
  • Annual Utility Expenses: 1800.00

Tax Info

  • Flip Tax Amount: 6970.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2025
Closed on
Sep 29, 2025
Sold by
Rangoon Realty Llc
Bought by
Cortes Merced Erika Hernandez and Hernandez Israel Alvarez
Seller's Agent
Hong Bin Wu
E House Realty & Mgt. Inc.
Buyer's Agent
NON MEMBER
List Price
$820,000
Sold Price
$825,000
Premium/Discount to List
$5,000
0.61%
Views
159
Current Estimated Value
$955,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,522
Avg. Annual Appreciation
79.95%
Original Mortgage
$660,000
Outstanding Balance
$659,386
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$296,136

Purchase Details

Closed on
May 27, 2008
Sold by
Wynn San San
Bought by
Rangoon Realty Llc

Purchase Details

Closed on
Feb 16, 2000
Sold by
Cunningham Derrick and Stewart Anthony
Bought by
Artwell Herbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,950
Interest Rate
8.21%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 28, 1994
Sold by
Lepore Joseph D and Lepore Josephine
Bought by
Cunningham Derrick and Stewart Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,150
Interest Rate
9.03%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cortes Merced Erika Hernandez $825,000 --
Rangoon Realty Llc -- --
Rangoon Realty Llc -- --
Artwell Herbert $250,000 The Judicial Title Ins Agenc
Cunningham Derrick -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cortes Merced Erika Hernandez $660,000
Previous Owner Artwell Herbert $247,950
Previous Owner Cunningham Derrick $203,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2025 09/29/25 Sold $825,000 +0.6% $382 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $820,000 -- $380 / 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 $6,971 $38,640 $17,940 $20,700
2024 $6,971 $41,940 $17,940 $24,000
2023 $6,649 $40,020 $17,940 $22,080
2022 $5,834 $36,900 $17,940 $18,960
2021 $6,463 $33,300 $17,940 $15,360
2020 $6,489 $34,860 $17,940 $16,920
2019 $6,050 $33,120 $17,940 $15,180
2018 $5,562 $27,284 $17,735 $9,549
2017 $5,247 $25,740 $17,940 $7,800
2016 $5,266 $26,340 $17,940 $8,400
2015 -- $27,900 $17,940 $9,960
2014 -- $27,900 $17,940 $9,960
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2025

    Hong Bin Wu

    E House Realty & Mgt. Inc.

    (646) 812-8388

    1 in this area

    1 Total Sale

    Hong Bin Wu
    Section Image

  • N

    Buyer's Agent in 2025

    NON MEMBER

See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 489248

Brooklyn Board of REALTORS®

APN: 08008-0026

New York Kings County Brooklyn 11236 Canarsie

723 E 87th St, Brooklyn, NY

Not Listed for Sale

Other

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Nearby Homes