NOT LISTED FOR SALE
15 Beds
8 Baths
5,576 Sq Ft
2,070 Sq Ft Lot

Sale Details

Date Sold: January 23, 2019

Last sale price $3,600,000 $646 Per Sq Ft

Highlights

  • Wood Flooring
  • 1-minute walk to 7 Avenue (F,G Line)
  • Heating System Uses Steam
  • P.S. 107 John W Kimball Rated A
  • Multiple cooling system units
  • 5-minute walk to Harmony Playground

About This Home

As of January 2019

Park Slope well maintained 8 family building for sale on 8th Avenue corner of 9th Street. The building is convenient to transportation, Prospect Park and shopping. Park Slope is sought-after community in the borough of Brooklyn. The annual income is $224,532 minus annual expenses of $38,755 equals $185,777 of net operating income with a 4.6% cap rate. Unit 1R is a one bedroom unit, vacant and projected rent is $2,350. 7 units are 2 bedrooms. 3 out of 7 units are renting for $3,000/mo.

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,010

Year Built

  • Built in 1920

Lot Details

  • 2,070 Sq Ft Lot
  • Lot Dimensions are 90 x 23
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 5,576 Sq Ft Home
  • 4-Story Property
  • Wood Flooring
  • Stove
  • Unfinished Basement

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 1091

Community Details

Overview

  • 8 Units

Building Details

  • 8 Vacant Units
  • Fuel Expense $7,500
  • Insurance Expense $3,000
  • Gross Income $200,208
  • Net Operating Income $162,698

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,010

Year Built

Built in 1920

Lot Details

2,070 Sq Ft Lot

Listing Details

  • Basement Amenities: Unfinished
  • Total Bathrooms: 8.00
  • Borough: Brooklyn
  • Building Length: 79.00
  • Building Width: 23.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 8th Ave
  • Cross Street Name2: 9th Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Available Units: 8
  • Number Of Families: 8
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 5576
  • Building Stories: 4
  • Street Name I D X: 8
  • Year Built: 1920
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 8
  • Total Bedrooms: 15
  • Flooring: Hardwood
  • Lot Sq Ft: 2070

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 2
  • Roof: Flat, Rubber

Utilities

  • Air Conditioning Units: 5+
  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 7500.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 90
  • Lot Size Width: 23
  • Zoning: R7B

Rental Info

  • Tenant Monthly Rent: 19034.00

Multi Family

  • Annual Gross Expense: 37510.00
  • Annual Gross Income: 200208
  • Insurance Expense: 3000.00
  • Property Net Operating Income: 162698.00
  • Unit Count: 8

Tax Info

  • Flip Tax Amount: 19010.00

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
$3,922,500 --
817 8Th Partners Llc $3,600,000 --
817 8Th Ave Holdings Llc -- --
Vinje Realty Corp $362,500 Chicago Title Insurance Co
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
Previous Owner $7,405
Previous Owner 817 8Th Partners Llc $2,400,000
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
01/23/2019 01/23/19 Sold $3,600,000 -- $646 / Sq Ft
03/20/2018 03/20/18 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 $31,146 $1,191,600 $23,400 $1,168,200
2025 $30,178 $1,031,400 $23,400 $1,008,000
2024 $30,178 $1,142,640 $23,400 $1,119,240
2023 $27,421 $1,428,300 $23,400 $1,404,900
2022 $25,330 $1,190,250 $23,400 $1,166,850
2021 $23,515 $952,200 $23,400 $928,800
2020 $11,558 $1,025,100 $23,400 $1,001,700
2019 $23,418 $918,900 $23,400 $895,500
2018 $21,870 $171,947 $4,555 $167,392
2017 $20,255 $159,250 $4,900 $154,350
2016 $19,010 $147,455 $4,982 $142,473
2015 $12,342 $147,436 $5,612 $141,824
2014 $12,342 $142,834 $4,613 $138,221
Source: Public Records

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 418734

Brooklyn Board of REALTORS®

APN: 01091-0002

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