Seller Co-Listing Agent in 2016
Jessica Peters
Douglas Elliman Real Estate
(718) 486-4429
1 in this area
351 Total Sales
74 S 8th St Williams, NY 11249
South Williamsburg NeighborhoodEstimated Value: $3,609,000 - $4,079,000
Studio
--
Bath
3,600
Sq Ft
$1,057/Sq Ft
Est. Value
About This Home
As of November 2016An exquisitely renovated legal three family townhouse with an enormous owner's triplex; close proximity to the Williamsburg waterfront and transportation. This townhouse encompasses modern charm and allows an end-user to live in an expansive home while collecting rent from two high income producing rentals. Each rental unit is comprised of 3BR's and 2 bathrooms, stainless steel appliances, white oak flooring throughout, classic subway tiles in the bathrooms, and white shaker cabinetry in the kitchens. Unit 2 is rented for $3,700 and unit 3 is rented for $3,800. Total rent role,not including the owner's triplex, equates to $7,500. Approx. 5% CAP RATEThe owner's triplex is thoughtfully laid out with 4BR's, 3.5 bathrooms, and a spacious living room that leads to an open kitchen, perfect for entertaining. The backyard is tiled with blue stone and includes an area for gardening. Additional features include Carrera marble in the master bath, high ceilings on the parlor level, abundant closet space, and a large cellar that could be utilized for wine storage or a game room!Easy access to the water taxi, parking garages, the Williamsburg bike bath and the J/M/Z & L trains. Local favorites include Urban Market grocery, Brooklyn Industries, Peter Luger Steak House, Motorino Pizza, Meadowsweet, Diner, Streets BK and Marlow & Daughters, just to name a few.
Property Details
Home Type
- Multi-Family
Lot Details
- 2,004
Home Design
Interior Spaces
- 3,600 Sq Ft Home
- 3-Story Property
Community Details
- 3 Units
- Williams Subdivision
Listing and Financial Details
- Tax Block 2136
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 1, 2016
Closed on
Nov 29, 2016
Sold by
Silver Equities 4 Llc and Silvershore South 8Th Llc
Bought by
Han Young Michael
List Price
$3,295,000
Sold Price
$3,075,000
Premium/Discount to List
-$220,000
-6.68%
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
$731,667
Avg. Annual Appreciation
2.30%
Original Mortgage
$1,998,750
Outstanding Balance
$1,606,426
Interest Rate
3.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,200,241
Purchase Details
Closed on
Jul 30, 2015
Sold by
Moya Antonio
Bought by
Silver Equities 4 Llc and Silvershore South 8Th Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
4.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 19, 2003
Sold by
Moya Antonio and Rivera Ellen
Bought by
Moya Antonio
Purchase Details
Closed on
Jan 26, 1999
Sold by
Moya Antonio
Bought by
Moya Antonio and Rivera Ellen
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Han Young Michael | $3,075,000 | -- | |
| Han Young Michael | $3,075,000 | -- | |
| Han Young Michael | $3,075,000 | -- | |
| Silver Equities 4 Llc | $1,900,000 | -- | |
| Silver Equities 4 Llc | $1,900,000 | -- | |
| Silver Equities 4 Llc | $1,900,000 | -- | |
| Moya Antonio | -- | -- | |
| Moya Antonio | -- | -- | |
| Moya Antonio | -- | Stewart Title Insurance Co | |
| Moya Antonio | -- | Stewart Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Han Young Michael | $1,998,750 | |
| Closed | Han Young Michael | $1,998,750 | |
| Previous Owner | Silver Equities 4 Llc | $1,900,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/30/2016 11/30/16 | Sold | $3,075,000 | -6.7% | $854 / Sq Ft |
| 10/31/2016 10/31/16 | Pending | -- | -- | -- |
| 03/03/2016 03/03/16 | For Sale | $3,295,000 | -- | $915 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
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 | $3,986 | $180,720 | $20,100 | $160,620 |
| 2024 | $3,986 | $171,180 | $20,100 | $151,080 |
| 2023 | $3,805 | $160,980 | $20,100 | $140,880 |
| 2022 | $3,740 | $176,400 | $20,100 | $156,300 |
| 2021 | $3,725 | $193,440 | $20,100 | $173,340 |
| 2020 | $1,833 | $195,720 | $20,100 | $175,620 |
| 2019 | $3,460 | $183,900 | $20,100 | $163,800 |
| 2018 | $3,183 | $15,614 | $2,471 | $13,143 |
| 2017 | $3,183 | $15,614 | $2,492 | $13,122 |
| 2016 | $2,948 | $14,748 | $3,177 | $11,571 |
| 2015 | $1,777 | $14,604 | $3,841 | $10,763 |
| 2014 | $1,777 | $13,783 | $3,533 | $10,250 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Peters
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10061190
APN: 02136-0112
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