$1,400,000
SOLD FEB 18, 2025
-- Bed
3 Baths
3,480 Sq Ft
2,000 Sq Ft Lot

Recently Sold

$402 Per Sq Ft

27% Below List Price

Highlights

  • Fenced Yard
  • Attached Garage
  • Baseboard Heating
  • I.S. 223 The Montauk Rated A-
  • Ceramic Tile Flooring
  • Private Driveway

About This Home

As of February 2025

Located in a prime area near the bustling 8th Avenue business district, this property offers unparalleled convenience with easy access to shopping, dining, and public transportation. The building includes a parking space, making it even more attractive for residents or potential tenants. With a zoning designation of R6 and a C2-4 overlay, the property allows for commercial use and offers a 2.43 FAR, making it an excellent opportunity for redevelopment or mixed-use purposes. Whether you’re seeking an income-generating property, a redevelopment project, or a place to live and invest, this property is an outstanding opportunity.

Last Agent to Sell the Property

Yifei Zhao

Tiger Realty Listed on: 11/29/2024

Last Buyer's Agent

Yifei Zhao

Tiger Realty Listed on: 11/29/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Fenced Yard
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • Attached Garage
  • Private Driveway

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Additional Features

  • 3 Full Bathrooms
  • Walk-Out Basement

Listing and Financial Details

  • Tax Block 759

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $1,800
  • Utility Expense $1,400
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Walk-in
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 8th Ave Brooklyn
  • Cross Street Name2: 7th Ave Brooklyn
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Number Of Families: 3
  • Parking Attributes: Built-In Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window
  • Street Name I D X: 46th
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 3
  • Flooring: Carpeting, Ceramic
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back, Front, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 38
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V, Circuit Breakers, Fuses
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 1800.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6

Rental Info

  • Rent Income: 30000

Multi Family

  • Annual Gross Expense: 4000.00
  • Annual Gross Income: 30000
  • Annual Utility Expenses: 1400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2024
Closed on
Feb 18, 2025
Sold by
Chau Ming Fai and Chau Ming Kam
Bought by
Lin Zong
Seller's Agent
Yifei Zhao
Tiger Realty
Buyer's Agent
Yifei Zhao
Tiger Realty
List Price
$1,930,000
Sold Price
$1,400,000
Premium/Discount to List
-$530,000
-27.46%
Views
28
Current Estimated Value
$1,491,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,203
Avg. Annual Appreciation
7.44%
Original Mortgage
$910,000
Outstanding Balance
$903,034
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$588,169

Purchase Details

Closed on
Oct 4, 2004
Sold by
Chau Ming Fai and Cheung Sin Yuet
Bought by
Chau Ming Fai and Chau Ming Kam

Purchase Details

Closed on
Aug 13, 1999
Sold by
Esp Solutions Llc
Bought by
Cheung Yuk Mui and Cheung Sin Yuet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.71%

Purchase Details

Closed on
Oct 26, 1998
Sold by
Dorio Joseph C
Bought by
Esp Solutions Llc
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 Type Sale Price Title Company
Deed $1,400,000 --
Deed $1,400,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Bargain Sale Deed $286,000 --
Bargain Sale Deed $286,000 --
Bargain Sale Deed $160,000 Stewart Title Insurance Co
Bargain Sale Deed $160,000 Stewart Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $910,000 Purchase Money Mortgage
Closed $910,000 Purchase Money Mortgage
Previous Owner $180,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2025 02/18/25 Sold $1,400,000 -16.7% $402 / Sq Ft
12/29/2024 12/29/24 Price Changed $1,680,000 -13.0% $483 / Sq Ft
11/29/2024 11/29/24 For Sale $1,930,000 -- $555 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
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 $9,003 $80,940 $17,280 $63,660
2024 $9,003 $81,660 $17,280 $64,380
2023 $9,103 $92,520 $17,280 $75,240
2022 $8,871 $80,880 $17,280 $63,600
2021 $8,812 $70,560 $17,280 $53,280
2020 $4,124 $79,620 $17,280 $62,340
2019 $7,765 $82,740 $17,280 $65,460
2018 $7,555 $38,520 $6,533 $31,987
2017 $7,494 $38,231 $9,787 $28,444
2016 $6,900 $36,067 $8,370 $27,697
2015 $4,134 $34,026 $7,998 $26,028
2014 $4,134 $32,100 $7,681 $24,419
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 487739

Brooklyn Board of REALTORS®

APN: 00759-0038