NOT LISTED FOR SALE

863 Jefferson Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,430,000 - $1,979,000

9 Beds
3 Baths
3,546 Sq Ft
$465/Sq Ft Est. Value

Last Sold March 18, 2021

Last sale price $1,365,000 $385 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,190/month

2,622 Days on Market

About This Home

As of March 2021

VACANT Turnkey 3 Family Brick Brownstone in prime Stuyvesant Heights/Bedford-Stuyvesant. Great buy as a home with rental income or as an investment property with a 6% return rate! Three separate renovated floor-thru apartments.

Unit 1 - 2BR with Home Office and Private Backyard

Unit 2 2BR with Home Office

Unit 3 3BR

Excellent layouts for each apartment. Hardwood Floors, High Ceilings, Multiple exposures in each apartment create plenty of sun-filled space. Renovated kitchens and bathrooms, upgraded mechanicals. Subway (A, C, J) nearby.

18.5ft X 45ft building on a 100ft lot with a wonderfully landscaped front yard. Located on a tree-lined street which tout beautiful Brownstones with original facades. Property delivered VACANT. Contact me for revenue/expense sheet. Property videos links below:

Garden level Apt:

https://www.youtube.com/watch?v=GHKvSYslLAk

Parlour level Apt:

https://www.youtube.com/watch?v=y1mlwITtNjQ

Top floor Apt:

https://www.youtube.com/watch?v=rVUW4JSoaCg

Basement:

https://www.youtube.com/watch?v=tbJBEo8uPnc

Last Agent to Sell the Property

Ralph Modica

Compass License #10301209350 Listed on: 06/17/2020

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,922

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 18.42 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,546 Sq Ft Home
  • 2-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Community Details

  • Stuyvesant Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 65 / 1653

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,922

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Patchen Avenue/Ralph Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Stuyvesant Heights
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 3546.0
  • Living Area Units: Square Feet
  • Rooms (Total): 18

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 9

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 18.42 x 100.0

Building Info

  • Total Stories: 2
  • Year Built: 1899

Tax Info

  • Tax Block: 1653
  • Tax Lot: 65

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Mar 18, 2021
Sold by
Messenger Natasha May
Bought by
Rizzuto Paola
Seller's Agent
Ralph Modica
Compass
Sold Price
$1,365,000
Current Estimated Value
$1,649,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,597
Avg. Annual Appreciation
4.25%
Original Mortgage
$1,092,000
Outstanding Balance
$980,552
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$669,045

Purchase Details

Closed on
Oct 14, 2014
Sold by
Niceforo Annamaria and Niceforo Nick
Bought by
Messenger Natasha May

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2013
Sold by
Phase 2 Development Llc
Bought by
Niceforo Annamaria and Niceforo Nick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2013
Sold by
Ll Fund Inc
Bought by
Vail Melvin J

Purchase Details

Closed on
Oct 16, 2012
Sold by
Vail Melvin J
Bought by
Ll Fund Inc

Purchase Details

Closed on
Dec 27, 2005
Sold by
Morgan Ronald
Bought by
Vail Melvin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,800
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2004
Sold by
Hometech Building Corp
Bought by
Morgan Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,450
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2004
Sold by
Noel Glenda
Bought by
Hometech Building Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rizzuto Paola $1,365,000 --
Rizzuto Paola $1,365,000 --
Messenger Natasha May $1,300,000 --
Messenger Natasha May $1,300,000 --
Niceforo Annamaria $875,000 --
Niceforo Annamaria $875,000 --
Vail Melvin J -- --
Ll Fund Inc -- --
Ll Fund Inc -- --
Vail Melvin J -- --
Vail Melvin J -- --
Morgan Ronald $540,500 --
Morgan Ronald $540,500 --
Hometech Building Corp $320,000 --
Hometech Building Corp $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rizzuto Paola $1,092,000
Closed Rizzuto Paola $1,092,000
Previous Owner Messenger Natasha May $300,000
Previous Owner Niceforo Annamaria $625,000
Previous Owner Vail Melvin J $508,800
Previous Owner Morgan Ronald $486,450
Previous Owner Hometech Building Corp $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2021 03/18/21 Sold $1,365,000 0.0% $385 / Sq Ft
12/31/2020 12/31/20 Off Market $1,365,000 -- --
12/29/2020 12/29/20 Pending -- -- --
12/03/2020 12/03/20 For Sale -- -- --
10/25/2013 10/25/13 For Sale $1,365,000 -- $385 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,922 $56,820 $22,500 $34,320
2024 $4,922 $44,880 $22,500 $22,380
2023 $4,977 $39,660 $22,500 $17,160
2022 $4,751 $32,460 $22,500 $9,960
2021 $3,594 $30,180 $22,500 $7,680
2020 $2,261 $30,540 $22,500 $8,040
2019 $4,272 $28,740 $22,500 $6,240
2018 $4,163 $20,420 $16,647 $3,773
2017 $4,043 $19,831 $17,254 $2,577
2016 $3,740 $18,709 $16,625 $2,084
2015 $2,256 $18,014 $16,008 $2,006
2014 $2,256 $17,017 $12,840 $4,177
Source: Public Records

Agents Affiliated with this Home

  • Ralph Modica

    Seller's Agent in 2021

    Ralph Modica

    Compass

    (917) 407-0084

    3 in this area

    59 Total Sales

    Ralph Modica
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10822346

Real Estate Board of New York (REBNY)

APN: 01653-0065

New York Kings County Brooklyn 11221 Bed-Stuy

863 Jefferson Ave, Brooklyn, NY

This home is located at 863 Jefferson Ave, Brooklyn, NY 11221 since 17 June 2020 and is currently estimated at $1,649,597, approximately $465 per square foot. This property was built in 1899. 863 Jefferson Ave is a home located in Kings County with nearby schools including P.S. 309 George E. Wibecan Preparatory Academy, Uncommon Excellence Boys Elementary School and Middle School, and Excellence Girls Charter School.

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