Seller's Agent in 2022
Dan Dong
RE/MAX
(929) 291-9897
23 in this area
281 Total Sales
7311 5th Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated Value: $1,663,275
Studio
--
Bath
3,356
Sq Ft
$496/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Junior High School 259 William McKinley Rated A
- Heating System Uses Steam
About This Home
As of September 2022Beautiful brick 2 family plus store, mixed-use building in prime Bay Ridge. Situated on bustling 5th Avenue. 3 story building with semi-finished basement. 1st floor store is currently used as Dry Cleaning. Each of the 2 apartments upstairs showcase 3 bedrooms, living room, eat-in kitchen, and full bath. Both apartments were recently renovated and updated with new electrical, new floors, new kitchen with granite countertops. Large Mitsubishi split A/C was installed on each apartment for comfort. Lot:21x80. building: 21x53. Approximate building Sq Ft: 3,356. Est. Annual Taxes: $11,039. Zoning: R6B, C1-3. Year Built: 1915.
Property Details
Property Type
- Other
Year Built
- Built in 1915
Lot Details
- 1,640 Sq Ft Lot
- Lot Dimensions are 80 x 21
- Property is zoned R6B
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 3,356 Sq Ft Home
- 3-Story Property
- Partially Finished Basement
- Basement Cellar
Flooring
- Wood
- Tile
Utilities
- Ductless Heating Or Cooling System
- Heating System Uses Steam
- Heating System Uses Oil
- 220 Volts
- Oil Water Heater
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2022
Closed on
Sep 20, 2022
Sold by
S & J Bay Ridge Property Llc
Bought by
Jiaen Llc
Seller's Agent
Dan Dong
RE/MAX Edge
Buyer's Agent
Ping Chen
RE/MAX Edge
Sold Price
$1,680,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,725
Avg. Annual Appreciation
1.05%
Original Mortgage
$980,000
Outstanding Balance
$932,681
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$806,479
Purchase Details
Closed on
Nov 9, 2017
Sold by
Shim Jai Un and Shim Kyung Mi
Bought by
S & J Bay Ridge Property Llc
Purchase Details
Closed on
Aug 22, 1995
Sold by
Spataro Salvatore and Spataro Giuseppe
Bought by
Shim Jai Un and Shim Kyung Mi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.8%
Mortgage Type
Seller Take Back
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jiaen Llc | $1,680,000 | -- | |
| Jiaen Llc | $1,680,000 | -- | |
| S & J Bay Ridge Property Llc | -- | -- | |
| S & J Bay Ridge Property Llc | -- | -- | |
| S & J Bay Ridge Property Llc | -- | -- | |
| Shim Jai Un | $275,000 | Chicago Title Insurance Co | |
| Shim Jai Un | $275,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jiaen Llc | $980,000 | |
| Closed | Jiaen Llc | $980,000 | |
| Previous Owner | Shim Jai Un | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/20/2022 09/20/22 | Sold | $1,680,000 | -- | $501 / Sq Ft |
| 05/11/2022 05/11/22 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Tax History Compared to Growth
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 | $11,859 | $87,780 | $22,380 | $65,400 |
| 2024 | $11,859 | $89,880 | $22,380 | $67,500 |
| 2023 | $11,313 | $87,900 | $22,380 | $65,520 |
| 2022 | $9,925 | $81,000 | $22,380 | $58,620 |
| 2021 | $11,059 | $76,320 | $22,380 | $53,940 |
| 2019 | $10,293 | $59,520 | $22,380 | $37,140 |
| 2018 | $10,502 | $46,419 | $14,836 | $31,583 |
| 2017 | $8,927 | $43,792 | $15,013 | $28,779 |
| 2016 | $8,754 | $43,792 | $16,157 | $27,635 |
| 2015 | $4,763 | $43,462 | $18,422 | $25,040 |
| 2014 | $4,763 | $41,003 | $20,257 | $20,746 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Dong
-
Ping Chen
Buyer's Agent in 2022
Ping Chen
RE/MAX
(917) 536-3632
10 in this area
128 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 462515
APN: 05920-0006
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