NOT LISTED FOR SALE
8 Beds
4 Baths
4,623 Sq Ft
5,040 Sq Ft Lot

Last Sold February 23, 2022

Last sale price $1,800,000 $389 Per Sq Ft

Highlights

  • 5,040 Sq Ft lot
  • Wood Flooring
  • Back, Front, and Side Yard
  • P.S. 127 McKinley Park Rated A
  • 4 Car Detached Garage
  • 1-minute walk to Tom McDonald Triangle

About This Home

As of February 2022

Prime 1031 Exchange Property: Grand freestanding four-family home with two-car detached garage in prime Bay Ridge!

Welcome home to this newly renovated parlor floor. Choose to live in this unit and have rental income from the rest. Three bedrooms plus sunroom with a newly renovated kitchen and one full bathroom.

Garden level is currently used as an office space; could be used as a two bedroom apartment with one full bathroom.

Top floor is a studio apartment facing the front and a 3 bedroom apartment facing the backyard. Newly renovated kitchen and bathroom in the 3 bedroom apartment.

Ample parking with a driveway and 2 car detached garage. Yard in the back, side and the front on this 43ft wide x 120ft deep large lot.

Located in prime Bay Ridge, steps away from 86th Street shopping, R train, and close proximity to parks.

Investment opportunity for potential end-users to live and earn tremendous rental income.

Last Agent to Sell the Property

Donald Brennan

Brennan Realty Services LLC Listed on: 06/01/2021

Brennan Realty Services LLC

Last Buyer's Agent

betsy hoffman

Brennan Realty Services LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,000

Lot Details

  • 5,040 Sq Ft Lot
  • Lot Dimensions are 119 x 42
  • Back, Front, and Side Yard

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Cellar

Parking

  • 4 Car Detached Garage
  • Shared Driveway
  • Parking Lot

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts

Additional Features

  • Window Treatments
  • Handicap Accessible

Listing and Financial Details

  • Tax Block 6019

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $4,000
  • Insurance Expense $1,500
  • Gross Income $103,200
  • Net Operating Income $81,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,000

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Finished, Full, Separate Entrance
  • Borough: Brooklyn
  • Co List Office Mls Id: 117610
  • Co List Office Phone: (718) 858-8238
  • Confirmed By M L S Y N: Yes
  • Cross Street: Fort Hamilton Parkway
  • Handicap Access Y N U: Yes
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 4
  • Parking Attributes: 4 Spaces, Detached Garage, Parking Area
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Dishwasher, Disposal, Microwave, Refrigerator, Stove, Window Treatments
  • Street Name I D X: 6th
  • Waterfront Present: No
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 4
  • Total Bedrooms: 8
  • Flooring: Carpeting, Concrete, Hardwood
  • Lot Sq Ft: 5040

Exterior Features

  • Yard: Back, Front, Side
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Stone
  • Lot Number: 43
  • Roof: Shingle

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Fee Information

  • Annual Fuel Expense: 4000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 119
  • Lot Size Width: 42

Rental Info

  • Rent Income: 103200

Multi Family

  • Annual Gross Expense: 21500.00
  • Annual Gross Income: 103200
  • Insurance Expense: 1500.00
  • Property Net Operating Income: 81700.00
  • Unit Count: 1

Tax Info

  • Flip Tax Amount: 16000.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2022 02/23/22 Sold $1,800,000 0.0% $389 / Sq Ft
01/06/2022 01/06/22 Sold $1,800,000 -28.0% $389 / Sq Ft View Prior Sale
06/01/2021 06/01/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $2,500,000 -- $541 / Sq Ft
11/02/2011 11/02/11 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $19,571 $424,350 $146,700 $277,650
2024 $19,571 $374,400 $146,700 $227,700
2023 $17,781 $407,250 $146,700 $260,550
2022 $16,421 $361,800 $146,700 $215,100
2021 $16,464 $373,950 $146,700 $227,250
2019 $15,187 $393,300 $146,700 $246,600
2018 $14,181 $111,498 $40,933 $70,565
2017 $13,131 $103,239 $43,766 $59,473
2016 $13,310 $103,239 $49,640 $53,599
2015 $8,001 $100,038 $57,721 $42,317
2014 $8,001 $92,629 $43,386 $49,243
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 451596

Brooklyn Board of REALTORS®

APN: 06019-0043