NOT LISTED FOR SALE

Estimated Value: $1,712,816

Studio
-- Bath
2,970 Sq Ft
$577/Sq Ft Est. Value

Sale Details

Date Sold: February 25, 2025

Last sale price $1,630,000 $549 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,043 / mo

Highlights

  • Wood Flooring
  • P.S. 185 Walter Kassenbrock Rated A
  • Baseboard Heating

About This Home

As of February 2025

Welcome to this charming and well-located building offering a prime spot in the heart of Bay Ridge, one of Brooklyn's most sought-after neighborhoods. The property features 2 family plus 1 store.
3 floors above ground + full basement .
First floor: 18/80.
Second and Third floor: 18/55.
Second floor: 3 bedrooms
Third floor:3 bedrooms

THIS IS A UNIQUE INVESTMENT OPPORTUNITY TO PURCHASE A WELL-ESTABLISHED BUILDING WITH AN OPERATIONAL LAUNDROMAT BUSINESS INCLUDED. LOCATED IN A PRIME, HIGH-TRAFFIC AREA, THE PROPERTY OFFERS A FULLY EQUIPPED LAUNDROMAT WITH A LOYAL CUSTOMER BASE AND CONSISTENT FOOT TRAFFIC.

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Last Agent to Sell the Property

MingQin Sun (Phoebe)

E House Realty & Mgt. Inc Listed on: 11/17/2024

Co-Listed By

Yi (Winnie) Lu

E House Realty & Mgt. Inc.

Last Buyer's Agent

MingQin Sun (Phoebe)

E House Realty & Mgt. Inc Listed on: 11/17/2024

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Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,563

Year Built

  • Built in 1928

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 80 x 18
  • Property is zoned R6B

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,970 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5968

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $3,300
  • Utility Expense $8,000
  • Gross Income $145,200

Property Details

Property Type

Other

Est. Annual Taxes

$10,563

Year Built

Built in 1928

Lot Details

1,440 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 80.00
  • Building Width: 18.00
  • Co List Office Mls Id: 117390
  • Co List Office Phone: (718) 680-2776
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: None
  • Confirmed By M L S Y N: Yes
  • Cross Street: 79st
  • Heat Delivery: Baseboard
  • Number Of Families: 2
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 2970
  • Building Stories: 3
  • Street Name I D X: 3rd
  • Year Built: 1928
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 1440

Exterior Features

  • Yard: None
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 51
  • Roof: Flat

Utilities

  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Dimensions: 18/80
  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 18
  • Zoning: R6B

Rental Info

  • Rent Income: 145200

Multi Family

  • Annual Gross Expense: 42000.00
  • Annual Gross Income: 145200
  • Insurance Expense: 3300.00
  • Unit Count: 3
  • Annual Utility Expenses: 8000.00

Tax Info

  • Flip Tax Amount: 10563.00

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
Nov 17, 2024
Closed on
Feb 25, 2025
Sold by
Bought by
Seller's Agent
MingQin Sun (Phoebe)
E House Realty & Mgt. Inc
Buyer's Agent
MingQin Sun (Phoebe)
E House Realty & Mgt. Inc
List Price
$1,980,000
Sold Price
$1,630,000
Premium/Discount to List
-$350,000
-17.68%
Views
25
Current Estimated Value
$1,712,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,816
Avg. Annual Appreciation
3.50%
Original Mortgage
$499,000
Outstanding Balance
$492,109
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,220,707
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,630,000 --
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 $499,000
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
02/25/2025 02/25/25 Sold $1,630,000 -17.7% $549 / Sq Ft
11/17/2024 11/17/24 Pending -- -- --
11/17/2024 11/17/24 For Sale $1,980,000 -- $667 / Sq Ft
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 $11,445 $102,180 $19,200 $82,980
2025 $10,798 $102,660 $19,200 $83,460
2024 $10,798 $97,320 $19,200 $78,120
2023 $10,187 $94,860 $19,200 $75,660
2022 $9,464 $74,460 $19,200 $55,260
2021 $10,488 $68,940 $19,200 $49,740
2019 $9,372 $86,580 $19,200 $67,380
2018 $8,616 $42,264 $10,717 $31,547
2017 $8,513 $41,760 $11,354 $30,406
2016 $8,348 $41,760 $13,622 $28,138
2015 $4,751 $39,572 $14,986 $24,586
2014 $4,751 $37,333 $16,969 $20,364
Source: Public Records

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 487498

Brooklyn Board of REALTORS®

APN: 05968-0051

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