NOT LISTED FOR SALE

Estimated Value: $1,395,627

Studio
-- Bath
3,080 Sq Ft
$453/Sq Ft Est. Value

Last Sold February 01, 2022

Last sale price $1,350,000 $438 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,186/month

Highlights

  • Wood Flooring
  • 2-minute walk to 86 Street (R Line)
  • Front Yard
  • P.S. 185 Walter Kassenbrock Rated A
  • Heating System Uses Steam

About This Home

As of February 2022

8318 4th Avenue, represents a perfect owner/user opportunity. A must see! Great Investment Property! This three story mixed use building with Medical Office on ground level with 1 half bath and Two (2) family apartments above. There are two 2 bedroom (2BR) with 1 Full bath apartments on the second & third floor. This property is great for an owner/user because it’s situated in a very nice location and along one of the busiest location in the heart of Bay Ridge, Brooklyn area. Also Conveniently close to all shopping, restaurants, transportation and Located to 86th Street&4th Ave. “R” Train Station.

Last Agent to Sell the Property

Madeline Caudiano

Listed on: 08/08/2021

Co-Listed By

Allen Ng

Last Buyer's Agent

Mohamad Hasan

Bellmarc

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,419

Year Built

  • Built in 1935

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Front Yard
  • Property is zoned R7B

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3,080 Sq Ft Home
  • 3-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling height between 8 to 10 feet
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Parking

  • 2 Parking Spaces
  • Parking Lot

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6017

Community Details

Overview

  • 2 Units

Building Details

  • Fuel Expense $2,800
  • Insurance Expense $3,000
  • Utility Expense $528
  • Gross Income $73,200
  • Net Operating Income $55,753

Property Details

Property Type

Other

Est. Annual Taxes

$10,419

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Borough: Brooklyn
  • Building Length: 51.00
  • Building Width: 20.00
  • Co List Office Mls Id: 118130
  • Co List Office Phone: (718) 690-3900
  • Commercial Condo Y N: No
  • Commercial Features Exterior: None
  • Commercial Features Interior: Intercom, Kitchen, Lobby – Security
  • Confirmed By M L S Y N: Yes
  • Cross Street: 83rd Street
  • Cross Street Name2: 84th Street
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces, Parking Area, Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3080
  • Building Stories: 3
  • Street Name I D X: 4th
  • Waterfront Present: No
  • Year Built: 1935
  • Special Features: None
  • Stories: 3

Interior Features

  • Ceiling: 8-10 Foot
  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2000
  • Walls: Sheet Rock

Exterior Features

  • Yard: Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Other
  • Lot Number: 45
  • Roof: Flat

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 2800.00

Lot Info

  • Lot Dimensions: 2000
  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R7B

Rental Info

  • Rent Income: 6100

Multi Family

  • Annual Gross Expense: 17447.00
  • Annual Gross Income: 73200
  • Insurance Expense: 3000.00
  • Property Net Operating Income: 55753.00
  • Unit Count: 3
  • Annual Utility Expenses: 528.00

Tax Info

  • Flip Tax Amount: 10419.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2021
Closed on
Feb 1, 2022
Sold by
Brevetti Fourth Avenue Corp
Bought by
Rimawi Adla and Rimawi Husam
Seller's Agent
Madeline Caudiano
Buyer's Agent
Mohamad Hasan
Bellmarc
Sold Price
$1,350,000
Current Estimated Value
$1,395,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,627
Avg. Annual Appreciation
0.85%

Purchase Details

Closed on
Nov 14, 2020
Sold by
Brevetti Gregorio C and Gregorio C. Brevetti
Bought by
Brevetti Fourth Avenue Corp

Purchase Details

Closed on
Nov 23, 2014
Sold by
Estate Of Theresa Brevetti
Bought by
Theresa Brevetti Testamentary Trust and Gregorio C Brevetti As Co-Trustee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rimawi Adla $1,350,000 --
Brevetti Fourth Avenue Corp -- --
Theresa Brevetti Testamentary Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2022 02/01/22 Sold $1,350,000 -- $438 / Sq Ft
08/08/2021 08/08/21 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 $10,669 $101,280 $18,960 $82,320
2024 $10,669 $105,180 $18,960 $86,220
2023 $10,065 $93,000 $18,960 $74,040
2022 $9,883 $101,580 $18,960 $82,620
2021 $10,419 $92,280 $18,960 $73,320
2020 $9,932 $92,820 $18,960 $73,860
2019 $9,260 $92,820 $18,960 $73,860
2018 $8,513 $41,760 $10,237 $31,523
2017 $8,410 $41,256 $10,846 $30,410
2016 $8,247 $41,256 $13,011 $28,245
2015 $4,694 $39,101 $14,797 $24,304
2014 $4,694 $36,888 $16,748 $20,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 454585

Brooklyn Board of REALTORS®

APN: 06017-0045