NOT LISTED FOR SALE

7324 Avenue M Brooklyn, NY 11234

Bergen Beach Neighborhood

Estimated Value: $1,007,000 - $1,117,000

-- Bed
-- Bath
2,860 Sq Ft
$368/Sq Ft Est. Value

Last Sold June 02, 2014

Last sale price $625,000 $219 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $6,453/month

50 Days on Market

About This Home

As of June 2014

3 Family as per public records. Terrific income property for investor or owner/occupant!

Last Agent to Sell the Property

Richard Nichilo

Hand In Hand Real Estate License #10991217163 Listed on: 01/07/2014

Last Buyer's Agent

BROKER NON-MLS

Reliable Sell & Buy Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,300

Year Built

  • Built in 1970

Lot Details

  • 2,092 Sq Ft Lot
  • Lot Dimensions are 21x52

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,860 Sq Ft Home
  • 3-Story Property

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • 220 Volts
  • Individual Gas Meter

Community Details

  • 3 Units
  • Gross Income $60,000

Listing and Financial Details

  • Legal Lot and Block 0061 / 08362
  • Assessor Parcel Number 08362-0061

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,300

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 3F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Lot Size: 21X52
  • Modification Timestamp: 2024-09-25
  • Directions: Ave U to Bergen Ave to Avenue M
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Approx
  • Year Built: 1970
  • General Property Info:Public Remarks3: 3 Family as per public records. Terrific income property for investor or owner/occupant!
  • ContractLocation Information:List PriceSqFt2: 226.92
  • General Property Info:Tax Abated: No
  • General Property Info:Condition: Good
  • Income Expenses Gross Income: 60000.0
  • Annual Expenses: 13200.0
  • Income Expenses Net Income: 46800.0
  • General Property Info:Year Built Info: Approx
  • General Property Info Bldg Dimensions: 21X52
  • Special Features: None
  • Stories: 3
  • Year Built: 1970

Interior Features

  • General Property Info:Stories2: 3.0
  • General Property Info:Basement Type: Full
  • Appliances:Total Number Ranges: 3
  • General Property Info Basement Desc: Partially Finished

Exterior Features

  • Construction Type: Brick
  • Siding:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street
  • Parking:Off Street: Yes

Utilities

  • Cooling Y N: No
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:Air Conditioner: None
  • Sewer:City3: Yes
  • Electric:_two_20: Yes
  • Heat Source:Gas2: Yes
  • Heat System:Hot Water2: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes

Lot Info

  • Lot Size Sq Ft: 2092.0
  • Lot Size Units: Square Feet
  • Parcel #: 08362-0061
  • Zoning: R5
  • ResoLotSizeUnits: SquareFeet
  • General Property Info:Lot Size SqFt: 2092.0
  • General Property Info:Lot Dim: 20.92X100

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 60000.0
  • Property Net Operating Income: 46800.0
  • Annual Operating Expense: 13200.0

Tax Info

  • Tax Annual Amount: 6300.0
  • Tax Block: 08362
  • Tax Lot: 0061
  • General Property Info:Taxes2: 6300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2014
Closed on
May 28, 2014
Sold by
Benet Sandy
Bought by
Alexander Monica and Jaffere Margaret
Seller's Agent
Richard Nichilo
Hand In Hand Real Estate
Buyer's Agent
BROKER NON-MLS
Reliable Sell & Buy Realty Inc
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$1,052,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,051
Avg. Annual Appreciation
4.73%
Original Mortgage
$500,000
Outstanding Balance
$382,273
Interest Rate
4.26%
Mortgage Type
New Conventional
Estimated Equity
$670,809
Source: Public Records

Range of Values:

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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
Alexander Monica $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Monica $500,000
Previous Owner Benet Norman $106,000
Previous Owner Benet Norman $94,000
Previous Owner Benet Norman $40,103
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2014 06/02/14 Sold $625,000 0.0% $219 / Sq Ft
02/26/2014 02/26/14 Pending -- -- --
01/07/2014 01/07/14 For Sale $625,000 -- $219 / Sq Ft
Source: Staten Island Multiple Listing Service

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 $10,181 $62,940 $11,640 $51,300
2024 $10,181 $56,880 $11,640 $45,240
2023 $9,987 $61,980 $11,640 $50,340
2022 $9,474 $54,240 $11,640 $42,600
2021 $9,423 $48,360 $11,640 $36,720
2020 $4,419 $42,240 $11,640 $30,600
2019 $8,899 $42,540 $11,640 $30,900
2018 $8,354 $40,980 $11,640 $29,340
2017 $8,375 $41,085 $11,322 $29,763
2016 $7,749 $38,760 $11,640 $27,120
2014 $4,655 $36,697 $11,778 $24,919
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Richard Nichilo

    Hand In Hand Real Estate

    (347) 592-5579

    72 Total Sales

    Richard Nichilo
    Section Image

  • B

    Buyer's Agent in 2014

    BROKER NON-MLS

    Reliable Sell & Buy Realty Inc

See All Agents

Map

Source: Staten Island Multiple Listing Service

MLS Number: 1086175

Staten Island Multiple Listing Service

APN: 08362-0061

New York Kings County Brooklyn 11234 Bergen Beach

7324 Avenue M, Brooklyn, NY

This home is located at 7324 Avenue M, Brooklyn, NY 11234 since 07 January 2014 and is currently estimated at $1,052,051, approximately $367 per square foot. This property was built in 1970. 7324 Avenue M is a home located in Kings County with nearby schools including P.S. 312 Bergen Beach, Success Academy Charter School - Bergen Beach, and St. Bernard Catholic Academy.

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