NOT LISTED FOR SALE

864 55th St Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated Value: $1,395,000 - $2,115,000

7 Beds
4 Baths
2,240 Sq Ft
$826/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $1,850,000 $826 Per Sq Ft

Current estimated payment $10,673/month

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back and Front Yard
  • P.S. 160 William T Sampson School Rated A-
  • Split Air Conditioning

About This Home

As of March 2023

Location! Location! Legal 2 family on 55th Street between 8 Ave / 9 Ave. Fully Renovated with ceramic and hardwood flooring. Finished Basement. R6 zoning. 2 Hot Water Tanks and 2 Heating system. Half a block to 8th Ave shopping, restaurant, bus and train. Must See! Won't Last!

Last Agent to Sell the Property

Richard Ng

Bay Sun Realty Inc. Listed on: 06/20/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,110

Year Built

  • Built in 1920

Lot Details

  • 2,003 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back and Front Yard

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Finished Basement

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

Parking

  • 1 Parking Space
  • Carport

Utilities

  • Split Air Conditioning
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Community Details

  • 2 Units
  • Insurance Expense $900

Listing and Financial Details

  • Tax Block 5679

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,110

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full, Separate Entrance
  • Total Bathrooms: 4.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 2.00
  • Borough: Brooklyn
  • Building Length: 70.00
  • Building Width: 16.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 8th Ave
  • Cross Street Name2: 9th Ave
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: 1 Space
  • Parking Feature Single: Carport
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Central Air - Split
  • Fill Sq Ft Total: 2240
  • Building Stories: 2
  • Street Name I D X: 55th
  • Waterfront Present: No
  • Year Built: 1920
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 2
  • Basement Half Bathrooms: 2
  • Total Bedrooms: 7
  • Flooring: Ceramic, Hardwood
  • Lot Sq Ft: 2003

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 33
  • Roof: Asphalt/Tar

Utilities

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

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6

Multi Family

  • Insurance Expense: 900.00
  • Unit Count: 2

Tax Info

  • Flip Tax Amount: 11110.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Mar 15, 2023
Sold by
Gao Cheng En and Gao Xiao Yun
Bought by
862 Wu Inc
Seller's Agent
Richard Ng
Bay Sun Realty Inc.
Buyer's Agent
Richard Ng
Bay Sun Realty Inc.
Sold Price
$1,850,000
Current Estimated Value
$1,850,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370
Avg. Annual Appreciation
0.01%
Original Mortgage
$1,020,000
Outstanding Balance
$987,920
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$862,450

Purchase Details

Closed on
Dec 16, 1999
Sold by
Gannon Mark
Bought by
Gao Cheng En and Gao Xiao Yun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.18%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
862 Wu Inc $1,850,000 --
Gao Cheng En $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 862 Wu Inc $1,020,000
Previous Owner Gao Cheng En $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2023 03/15/23 Sold $1,850,000 -- $826 / Sq Ft
06/20/2022 06/20/22 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 $12,079 $109,080 $26,820 $82,260
2024 $12,079 $104,280 $26,820 $77,460
2023 $11,522 $105,540 $26,820 $78,720
2022 $10,015 $91,080 $26,820 $64,260
2021 $11,110 $91,620 $26,820 $64,800
2020 $11,110 $88,320 $26,820 $61,500
2019 $10,190 $88,320 $26,820 $61,500
2018 $9,340 $47,278 $10,722 $36,556
2017 $8,959 $45,420 $14,379 $31,041
2016 $8,770 $45,420 $17,967 $27,453
2015 $4,948 $44,267 $19,714 $24,553
2014 $4,948 $41,762 $17,619 $24,143
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Richard Ng

    Bay Sun Realty Inc.

    (347) 523-0003

    1 in this area

    27 Total Sales

    Richard Ng
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 463591

Brooklyn Board of REALTORS®

APN: 05679-0033

New York Kings County Brooklyn 11220 Sunset Park

864 55th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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