NOT LISTED FOR SALE

Estimated Value: $2,137,000 - $2,954,000

5 Beds
4 Baths
2,700 Sq Ft
$974/Sq Ft Est. Value

Last Sold July 19, 2022

Last sale price $2,675,000 $991 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $14,236/month

35 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • 4-minute walk to Oracle Playground
  • Terrace
  • Building Terrace

About This Home

As of July 2022

87 Vanderbilt Ave presents a fantastic investment opportunity in ultra-desirable Fort Greene!

This multi-family brownstone consists of 3 floor-thru units. All have private outdoor space (private yard for the parlor, private terraces for the upper two units), chef's kitchens, closets aplenty, sunlit bedrooms, exposed brick, and prewar marble fireplace mantles. The top two apartments have additional bedrooms/offices off of the main bedroom. Any of these three units would make for a lovely owners' unit should they wish to live in the building and rent out the additional units. There is coin operated laundry in the finished basement.

87 Vanderbilt was fully gut renovated in 2005, with additional improvements made more recently, including a new boiler and hot water heater; the building was also converted to natural gas in 2017.

The current owner currently nets $130k in rental income. Taxes are low, only $5,336/year. All units are currently occupied with leases ending between July 2022-2023.

The best of Brooklyn living can be experienced from 87 Vanderbilt. Fort Greene Park and its fantastic Saturday Farmers Market are close by, and the Brooklyn Navy Yard is moments away, with its enormous Wegman's, Russ & Daughters, and Brooklyn's best coffee roasters, Parlor and Brooklyn Roasting Company.

Last Agent to Sell the Property

Libby Ryan

Compass License #30RY0809475 Listed on: 04/18/2022

Compass

Co-Listed By

Maria Ryan

Compass License #10301202966

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 1,786

Home Design

  • Pre War Building

Interior Spaces

  • 2,700 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Terrace
  • Lot Dimensions are 20.0 x 90.0

Community Details

  • Clinton Hill Subdivision
  • Building Terrace

Listing and Financial Details

  • Legal Lot and Block 31 / 1887

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: Myrtle Avenue/Park Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Clinton Hill
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 2700.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 90.0

Building Info

  • Total Stories: 3
  • Year Built: 1910

Tax Info

  • Tax Block: 1887
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2022
Closed on
Jul 19, 2022
Sold by
87 Vanderbilt Avenue Llc
Bought by
Dao Huong Ly and Tran Hung
Seller's Agent
Libby Ryan
Compass
List Price
$2,650,000
Sold Price
$2,675,000
Premium/Discount to List
$25,000
0.94%
Current Estimated Value
$2,649,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,333
Avg. Annual Appreciation
-0.48%
Original Mortgage
$2,140,000
Outstanding Balance
$2,042,256
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$587,744

Purchase Details

Closed on
Oct 5, 2010
Sold by
Armstrong Jeremy and Rivera Maria
Bought by
87 Vanderbilt Avenue

Purchase Details

Closed on
Nov 18, 2004
Sold by
Gooden Maggie and Gooden Gooden
Bought by
Armstrong Jeremy and Rivera Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage
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
Dao Huong Ly $2,675,000 --
Dao Huong Ly $2,675,000 --
87 Vanderbilt Avenue -- --
87 Vanderbilt Avenue -- --
Armstrong Jeremy $650,000 --
Armstrong Jeremy $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dao Huong Ly $2,140,000
Closed Dao Huong Ly $2,140,000
Previous Owner Armstrong Jeremy $65,000
Previous Owner Armstrong Jeremy $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2022 07/19/22 Sold $2,675,000 +0.9% $991 / Sq Ft
04/18/2022 04/18/22 For Sale $2,650,000 -- $981 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $5,397 $126,120 $21,480 $104,640
2024 $5,397 $148,380 $21,480 $126,900
2023 $5,458 $131,160 $21,480 $109,680
2022 $5,053 $143,280 $21,480 $121,800
2021 $5,266 $124,800 $21,480 $103,320
2020 $5,024 $122,400 $21,480 $100,920
2019 $4,685 $97,320 $21,480 $75,840
2018 $4,565 $22,394 $4,803 $17,591
2017 $4,530 $22,222 $4,479 $17,743
2016 $4,191 $20,966 $5,166 $15,800
2015 $2,529 $19,780 $7,316 $12,464
2014 $2,529 $18,662 $5,867 $12,795
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10786538

Real Estate Board of New York (REBNY)

APN: 01887-0031