NOT LISTED FOR SALE

85 Coffey St Brooklyn, NY 11231

Red Hook Neighborhood

Estimated Value: $2,304,209

-- Bed
1 Bath
4,400 Sq Ft
$524/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $2,250,000 $511 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $14,552/month

215 Days on Market

Highlights

  • 0.1 Acre Lot
  • Cathedral Ceiling
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of August 2023

SOUGHT AFTER RED HOOK LOCATION Great opportunity 4400 square ft. Warehouse building. steel garage door. Existing Glass Company which will be delivered vacant. For investors in need of M1-1 zoning. Includes multiple offices, 1 bathroom.2 Loading docks, 14ft high ceilings high 2 overhead roll-up doors for trucks to enter. Great block with newer homes built, old world charm of cobblestone streets. Close distance to shopping, restaurants and minutes to Manhattan plus a 5-minute drive to the Brooklyn Queens Expressway and the Brooklyn Battery Tunnel. This building is for light manufacturing. if they meet M1 performance standards. Offices, hotels, houses of worship and most retail uses are also permitted. Certain community facilities, such as hospitals, medical and dental offices are allowed in M1 districts by special permit. Some of the possibilities with M1-1 include the following: House of Worship, Hotel, Hospital, wholesale service and storage facilities and more... Check with your architect

Last Agent to Sell the Property

Teresa Ieraci

S I Premiere Properties License #10401325606 Listed on: 01/06/2023

Last Buyer's Agent

Teresa Ieraci

S I Premiere Properties License #10401325606 Listed on: 01/06/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,625

Year Built

  • Built in 1931

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 44x100
  • Zoning described as M1-1

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 1 Full Bathroom
  • Cathedral Ceiling

Parking

  • Private Parking
  • Driveway

Schools

  • Ps 15 Patrick F Daly Elementary School
  • Brooklyn Sec Sch-Collaborative Middle School
  • Boerum Hill School For International High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 19 / 598
  • Assessor Parcel Number 00598-0019

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,625

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Other
  • Property SubType: Single Family Residence
  • Year Built: 1931
  • New Construction: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceiling(s)
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Basement: None
  • AtticDescription: None
  • NumberOfKitchens: 0

Exterior Features

  • Construction Materials: Brick, Frame
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Driveway

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Brooklyn Sec Sch-Collaborative

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 44x100
  • Lot Size Sq Ft: 4400
  • Lot Size Units: Acres
  • Parcel Number: 00598-0019
  • Zoning Description: M1-1
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 24625
  • Tax Block: 598
  • Tax Lot: 19
  • Tax Map Number: 00598-0019

MLS Schools

  • Elementary School: Ps 15 Patrick F Daly
  • High School: Boerum Hill School For International
  • Middle School District: Brooklyn 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2023
Closed on
Aug 24, 2023
Sold by
G & G Coffey Realty Llc
Bought by
85 Coffey Street Llc
Seller's Agent
Teresa Ieraci
S I Premiere Properties
Buyer's Agent
Teresa Ieraci
S I Premiere Properties
List Price
$2,800,000
Sold Price
$2,250,000
Premium/Discount to List
-$550,000
-19.64%
Views
328
Current Estimated Value
$2,304,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,209
Avg. Annual Appreciation
1.17%

Purchase Details

Closed on
May 21, 2010
Sold by
Civitano Angelo and Estate Of Frank J Minerva
Bought by
G & G Coffey Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
5.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
85 Coffey Street Llc $2,250,000 --
G & G Coffey Realty Llc $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 85 Coffey Street Llc $1,370,000
Previous Owner G & G Coffey Realty Llc $350,000
Previous Owner G & G Coffey Realty Llc $370,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $2,250,000 -13.1% $511 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
04/22/2023 04/22/23 Price Changed $2,588,000 -7.6% $588 / Sq Ft
01/06/2023 01/06/23 For Sale $2,800,000 -- $636 / Sq Ft
Source: OneKey® MLS

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 $25,138 $254,250 $32,400 $221,850
2024 $25,138 $247,050 $32,400 $214,650
2023 $25,314 $271,800 $32,400 $239,400
2022 $24,624 $236,700 $32,400 $204,300
2021 $20,500 $191,700 $32,400 $159,300
2020 $12,730 $249,300 $32,400 $216,900
2019 $24,376 $249,300 $32,400 $216,900
2018 $23,486 $227,700 $32,400 $195,300
2017 $22,947 $218,250 $32,400 $185,850
2016 $23,278 $238,500 $32,400 $206,100
2015 $16,960 $225,450 $32,400 $193,050
2014 $16,960 $207,000 $32,400 $174,600
Source: Public Records

Agents Affiliated with this Home

  • Teresa Ieraci

    Seller's Agent in 2023

    Teresa Ieraci

    S I Premiere Properties

    (718) 317-6192

    1 in this area

    83 Total Sales

    Teresa Ieraci
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Map

Source: OneKey® MLS

MLS Number: KEY3451103

OneKey® MLS

APN: 00598-0019

New York Kings County Brooklyn 11231 Red Hook

85 Coffey St, Brooklyn, NY

This home is located at 85 Coffey St, Brooklyn, NY 11231 since 06 January 2023 and is currently estimated at $2,304,209, approximately $523 per square foot. This property was built in 1931. 85 Coffey St is a home located in Kings County with nearby schools including P.S. 15 Patrick F Daly, PAVE Elementary, and BASIS Independent Brooklyn.

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