Seller's Agent in 2021
Joseph Madaio
RE/MAX
(347) 392-7487
3 in this area
39 Total Sales
7719 18th Ave Brooklyn, NY 11214
Bensonhurst NeighborhoodEstimated Value: $1,994,584
Studio
--
Bath
3,539
Sq Ft
$564/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 4-minute walk to 79 Street (D,M Line)
- Back Yard
- P.S. 186 Dr. Irving A. Gladstone Elementary School Rated 9+
- Handicap Accessible
- 5-minute walk to Garibaldi Playground
About This Home
As of December 2021Tremendous Investment Opportunity! This Large (3,500+ SQFT) Mixed-Use Property is Located on Highly Desirable 18th Avenue in the Heart of Bensonhurst. This 3-Story Mixed-Use Property (1 Commercial Unit + 3 Residential Units) is Zoned R-5 with a C2-2 Overlay. Situated on a 20x103 Lot, this Building also features a Full Basement and Large Backyard with Potential for Expansion (Check with Architect).
This Property is truly the Investment Opportunity that Investors, Enterprising End-Users And 1031 Exchange Buyers have been searching for.. Prime Location + Possibility for Expansion.
1st Floor: Commercial Unit (20x60) with Access to Full Basement and Backyard (20x43)
2nd Floor: (2) 1-Bedroom Apartments
3rd Floor: (1) 4-Bedroom Apartment
1 Commercial Unit + 3 Rental Apartments + Full Basement + Large Backyard…Building will be Delivered Totally Vacant at Closing. Close to all Transportation + High Volume Cross Traffic. Here is the Opportunity to own a Prime Piece of Real Estate on the Hottest Strip of one of Brooklyn’s Hottest Neighborhoods. Seller is Ready to Start Hearing Bids & Offers and is Ready to Make a Deal as soon as the Right Offer is Presented…
Last Agent to Sell the Property
RE/MAX Elite License #062805535354853 Listed on: 04/27/2021
Property Details
Property Type
- Other
Year Built
- Built in 1931
Lot Details
- 2,013 Sq Ft Lot
- Lot Dimensions are 19.5 x 103.25
- Back Yard
- Property is zoned R-5 C2-2
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Plaster Walls
- Wood Frame Construction
Interior Spaces
- 3,539 Sq Ft Home
- 3-Story Property
- Sheet Rock Walls or Ceilings
- Ceiling height between 8 to 10 feet
- Wood Flooring
- Basement Fills Entire Space Under The House
Accessible Home Design
- Handicap Accessible
Utilities
- Heating System Uses Gas
- 200+ Amp Service
- Gas Water Heater
Community Details
- 3 Units
- 4 Vacant Units
Listing and Financial Details
- Tax Block 6249
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
Apr 27, 2021
Closed on
Dec 30, 2021
Sold by
Bought by
Seller's Agent
Joseph Madaio
RE/MAX Elite
Buyer's Agent
Hui Yu
RE/MAX Edge
Sold Price
$1,800,000
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
$194,584
Avg. Annual Appreciation
2.28%
Original Mortgage
$1,260,000
Interest Rate
0.0311%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 19, 2000
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
$172,500
Interest Rate
0.09%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,800,000 | -- | ||
| $280,000 | 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 | $1,260,000 | ||
| Previous Owner | $172,500 |
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 |
|---|---|---|---|---|
| 12/30/2021 12/30/21 | Sold | $1,800,000 | -- | $509 / Sq Ft |
| 04/27/2021 04/27/21 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
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 | $37,810 | $433,800 | $102,600 | $331,200 |
| 2025 | $35,015 | $361,350 | $102,600 | $258,750 |
| 2024 | $35,015 | $301,050 | $102,600 | $198,450 |
| 2023 | $31,812 | $279,450 | $102,600 | $176,850 |
| 2022 | $31,729 | $283,050 | $102,600 | $180,450 |
| 2021 | $30,826 | $261,000 | $102,600 | $158,400 |
| 2019 | $27,172 | $288,900 | $102,600 | $186,300 |
| 2018 | $25,372 | $199,485 | $78,418 | $121,067 |
| 2017 | $25,373 | $199,485 | $87,635 | $111,850 |
| 2016 | $24,920 | $193,302 | $93,573 | $99,729 |
| 2015 | $16,366 | $178,984 | $85,732 | $93,252 |
| 2014 | $16,366 | $165,726 | $95,178 | $70,548 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Madaio
-
Hui Yu
Buyer's Agent in 2021
Hui Yu
RE/MAX Edge
(917) 292-9995
3 in this area
34 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 450529
APN: 06249-0003
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