NOT LISTED FOR SALE

8407 3rd Ave Brooklyn, NY 11209

Bay Ridge Neighborhood

Estimated Value: $2,151,525

Studio
-- Bath
3,234 Sq Ft
$665/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $1,940,000 $600 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,960/month

Highlights

  • Wood Flooring
  • 4-minute walk to 86 Street (R Line)
  • Back Yard
  • P.S. 264 Bay Ridge Elementary School for the Arts Rated A-
  • Heating System Uses Steam

About This Home

As of May 2021

Prime Bay Ridge Brooklyn , excellent investment property.
This 3 story all brick building situated on 3rd Ave with
an abundance of restaurants, coffee shops and grocery stores .
3 blocks to R train.

Last Agent to Sell the Property

Clara Frisone

Ben Bay Realty Co of Bay Ridge Listed on: 07/08/2020

Ben Bay Realty Co of Bay Ridge

Last Buyer's Agent

Clara Frisone

Ben Bay Realty Co of Bay Ridge Listed on: 07/08/2020

Ben Bay Realty Co of Bay Ridge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,050

Year Built

  • Built in 1923

Lot Details

  • 1,560 Sq Ft Lot
  • Lot Dimensions are 80 x 20
  • Back Yard

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 3,234 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Basement

  • Basement Fills Entire Space Under The House
  • Basement Cellar

Utilities

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

Listing and Financial Details

  • Tax Block 6025

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $4,000
  • Insurance Expense $5,200
  • Utility Expense $500
  • Gross Income $118,320

Property Details

Property Type

Other

Est. Annual Taxes

$8,050

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Basement Amenities: Cellar, Full
  • Borough: Brooklyn
  • Building Length: 55.00
  • Building Width: 20.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 83rd Street
  • Cross Street Name2: 84th Street
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 3234
  • Building Stories: 3
  • Street Name I D X: 3
  • Year Built: 1923
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 1560

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 8
  • Roof: Flat

Utilities

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

Fee Information

  • Annual Fuel Expense: 4000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 20

Rental Info

  • Rent Income: 118320

Multi Family

  • Annual Gross Income: 118320
  • Insurance Expense: 5200.00
  • Unit Count: 4
  • Annual Utility Expenses: 500.00

Tax Info

  • Flip Tax Amount: 8050.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
May 19, 2021
Sold by
8407 3Rd Avenue Llc and Ameruso
Bought by
Fg 8407 3Rd Ave Llc
Seller's Agent
Clara Frisone
Ben Bay Realty Co of Bay Ridge
Buyer's Agent
Clara Frisone
Ben Bay Realty Co of Bay Ridge
Sold Price
$1,940,000
Current Estimated Value
$2,151,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,525
Avg. Annual Appreciation
2.23%
Original Mortgage
$1,552,000
Outstanding Balance
$1,402,078
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$749,447

Purchase Details

Closed on
Oct 6, 2020
Sold by
8407 3Rd Avenue Llc
Bought by
8407 3Rd Avenue Llc and Ameruso

Purchase Details

Closed on
Sep 13, 2004
Sold by
Frankola Elda and Frankola Frannko
Bought by
8407 3Rd Avenue Llc
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
Fg 8407 3Rd Ave Llc $1,940,000 --
8407 3Rd Avenue Llc -- --
8407 3Rd Avenue Llc $995,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fg 8407 3Rd Ave Llc $1,552,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2021 05/19/21 Sold $1,940,000 -- $600 / Sq Ft
07/08/2020 07/08/20 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 $9,307 $103,260 $16,560 $86,700
2024 $9,307 $98,640 $16,560 $82,080
2023 $8,879 $95,880 $16,560 $79,320
2022 $8,624 $82,380 $16,560 $65,820
2021 $9,091 $76,080 $16,560 $59,520
2020 $4,282 $78,900 $16,560 $62,340
2019 $8,078 $81,000 $16,560 $64,440
2018 $7,427 $36,432 $8,938 $27,494
2017 $7,339 $36,000 $9,472 $26,528
2016 $7,197 $36,000 $11,368 $24,632
2015 $3,876 $34,111 $12,932 $21,179
2014 $3,876 $32,181 $14,632 $17,549
Source: Public Records

Agents Affiliated with this Home

  • Clara Frisone

    Seller's Agent in 2021

    Clara Frisone

    Ben Bay Realty Co of Bay Ridge

    (561) 245-2635

    1 in this area

    2 Total Sales

    Clara Frisone
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 440221

Brooklyn Board of REALTORS®

APN: 06025-0008

New York Kings County Brooklyn 11209 Bay Ridge

8407 3rd Ave, Brooklyn, NY

Not Listed for Sale

Other

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