NOT LISTED FOR SALE

Estimated Value: $1,431,000 - $1,730,000

5 Beds
4 Baths
2,506 Sq Ft
$631/Sq Ft Est. Value

Sale Details

Date Sold: September 21, 2022

Last sale price $1,285,000 $513 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,099 / mo

88 Days on Market

Highlights

  • Pre War Building
  • P.S. 132 The Conselyea School Rated A-
  • 1-minute walk to Grand Street (L Line)

About This Home

As of September 2022

Prime investment opportunity in Williamsburg! 82 Bushwick Avenue is situated in a prime location with Citi Bike and the Grand L stop right outside the front door. Property needs gut renovation to reach its maximal potential. Currently tenant occupied, will be delivered vacant and closing can be as soon as July 26 or later.

Lot Size: 21.75 ft x 60.75 ft

R7A Zoning

Buildable Square Footage: 5,284 sqft

Would be an amazing single family townhome in prime Williamsburg, a two family with a triplex and rooftop lounge atop of a garden 1 or 2 bedroom, but most profitable would be developing into a 4 family rental building by adding a floor and creating two 2 bedroom and two 1 bedroom units.

Purchase price + estimated construction costs & prospective rents equates to a 6% or 7% cap rate, which is many real estate investor's dream!

Located in prime Williamsburg, this location is unmatched. Experience the incredible artistic vibe and ever-transient environment of one of the most talked about neighborhoods on Earth! So many unique and amazing bars, restaurants, nightlife, and boutique shops steps away from this house, as well as some of the most ground-breaking new fitness facilities in the entire NYC Metro; this address is like no other.

*Needs proper renovation and has significant air rights to maximize profitability. Advertised square footage is estimated and includes basement. Property data and prospective pro-forma available upon request.

**Selling in as-is condition.

Last Agent to Sell the Property

Colin Roy

R New York License #10401291202 Listed on: 05/26/2022

R New York

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 21.67 x 60.67

Home Design

  • Pre War Building

Interior Spaces

  • 2,506 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Community Details

  • East Williamsburg Subdivision

Listing and Financial Details

  • Legal Lot and Block 19 / 2784

Home Details

Home Type

Single Family

Year Built

Built in 1901

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Powers Street/Grand Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: East Williamsburg
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Living Area: 2506.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 21.67 x 60.67

Building Info

  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 2784
  • Tax Lot: 19

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
May 26, 2022
Closed on
Sep 21, 2022
Sold by
Langenberg Elizabeth and Langenberg Jennifer Margret
Bought by
Seller's Agent
Colin Roy
R New York
List Price
$1,285,000
Sold Price
$1,285,000
Current Estimated Value
$1,582,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,531
Avg. Annual Appreciation
5.40%

Purchase Details

Closed on
Jul 24, 2020
Sold by
Langenberg Elizabeth and Tzimas Elizabeth
Bought by
Langenberg Elizabeth and Langenberg Jennifer Margret

Purchase Details

Closed on
Apr 2, 2018
Sold by
Langenberg Elizabeth and Tzimas Elizabeth
Bought by
Langenberg Elizabeth and Tzimas Elizabeth

Purchase Details

Closed on
Dec 22, 2003
Sold by
Labib Maner and Tzimas Spiros
Bought by
Tzimas Elizabeth and Tzimas Spiros

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.86%
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
$1,285,000 --
Langenberg Elizabeth -- --
Langenberg Elizabeth -- --
Tzimas Elizabeth -- --
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 $500,000
Previous Owner Tzimas Elizabeth $350,000
Previous Owner Tzimas Elizabeth --
Previous Owner Tzimas Elizabeyh $189,000
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
09/21/2022 09/21/22 Sold $1,285,000 0.0% $513 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $1,285,000 -- $513 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,403 $120,960 $15,720 $105,240
2025 $4,361 $128,220 $15,720 $112,500
2024 $4,361 $113,580 $15,720 $97,860
2023 $4,162 $139,380 $15,720 $123,660
2022 $3,719 $138,900 $15,720 $123,180
2021 $3,845 $119,760 $15,720 $104,040
2020 $2,840 $100,080 $15,720 $84,360
2019 $3,785 $100,080 $15,720 $84,360
2017 $3,287 $16,123 $2,777 $13,346
2016 $3,044 $15,225 $3,539 $11,686
2015 $1,835 $15,225 $3,780 $11,445
2014 $1,835 $15,078 $4,490 $10,588
Source: Public Records

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10801520

Real Estate Board of New York (REBNY)

APN: 02784-0019

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