NOT LISTED FOR SALE

8779 21st Ave Brooklyn, NY 11214

Bath Beach Neighborhood

Estimated Value: $2,025,824

5,820 Acres
$348 Price per Acre
5,820 Sq Ft Lot

Last Sold October 16, 2023

Last sale price $1,920,000 $575 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $13,343/month

About This Lot

As of October 2023

Located in the best block of Bensonhurst neighborhood, this development land has an ideal location close to 86th ST commercial area, D train 20th Ave station and D train bay Pkwy station, it has great school districts, close to multiple supermarkets and belt parkway freeway.

It can build more than 20 condos of up to 15000 buildable square feet. It also can build two independent three family houses with the plan approval. The projected investment return could be at least 20% or more.

Co-broke welcome.

Last Agent to Sell the Property

Fangyang Shen

Sun Realty New York Inc Listed on: 11/07/2022

Last Buyer's Agent

Michael Reuben

RE/MAX Edge License #10401336449

RE/MAX Edge

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,135

Lot Details

  • 5,820 Sq Ft Lot
  • Lot Dimensions are 97 x 60
  • Property is zoned R5

Listing and Financial Details

  • Tax Block 6445

Property Details

Property Type

Land

Est. Annual Taxes

$15,135

Lot Details

0

Listing Details

  • Borough: Brooklyn
  • Commercial Condo Y N: No
  • Confirmed By M L S Y N: Yes
  • Cross Street: 87 st/ 21st Ave
  • Negotiate Thru: Broker
  • Property Sub Type: Land
  • Prop. Type: Land
  • Street Name I D X: 21st
  • Street Number I D X: 8779
  • Special Features: None

Interior Features

  • Lot Sq Ft: 5820

Exterior Features

  • Lot Number: 24

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 97
  • Lot Size Width: 60
  • Zoning: R5

Tax Info

  • Flip Tax Amount: 15135.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Oct 16, 2023
Sold by
8779 Property Llc
Bought by
Saigon Prosperity Llc
Seller's Agent
Fangyang Shen
Sun Realty New York Inc
Buyer's Agent
Michael Reuben
RE/MAX Edge
List Price
$2,248,000
Sold Price
$1,920,000
Premium/Discount to List
-$328,000
-14.59%
Views
33
Current Estimated Value
$2,025,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,824
Avg. Annual Appreciation
3.37%

Purchase Details

Closed on
Aug 8, 2018
Sold by
Rossetti Diana and Rossetti Donna
Bought by
8779 Property Llc

Purchase Details

Closed on
Jan 22, 2015
Sold by
Rossetti Michael
Bought by
Rossetti Diana and Rossetti Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
3.74%
Mortgage Type
New Conventional
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
Saigon Prosperity Llc $1,920,000 --
Saigon Prosperity Llc $1,920,000 --
8779 Property Llc $1,855,000 --
8779 Property Llc $1,855,000 --
Rossetti Diana -- --
Rossetti Diana -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rossetti Diana $530,000
Previous Owner Rossetti Michael $210,000
Previous Owner Rossetti Michael $100,000
Previous Owner Rossetti Michael $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $1,920,000 -3.5% $575 / Sq Ft
06/16/2023 06/16/23 Price Changed $1,990,000 -4.8% $595 / Sq Ft
03/28/2023 03/28/23 Price Changed $2,090,000 -7.0% $625 / Sq Ft
11/07/2022 11/07/22 For Sale $2,248,000 -- $673 / Sq Ft
11/07/2022 11/07/22 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 $31,098 $614,250 $614,250 --
2024 $31,098 $547,650 $547,650 $0
2023 $6,829 $421,200 $421,200 $0
2022 $14,981 $324,000 $324,000 $0
2021 $8,817 $281,700 $281,700 $0
2020 $8,817 $106,140 $32,640 $73,500
2019 $11,121 $106,140 $32,640 $73,500
2018 $10,517 $51,590 $20,104 $31,486
2017 $10,212 $50,097 $20,883 $29,214
2016 $8,730 $50,097 $22,049 $28,048
2015 $5,700 $48,302 $20,366 $27,936
2014 $5,700 $45,570 $16,338 $29,232
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2023

    Fangyang Shen

    Sun Realty New York Inc

    (718) 650-5775

    1 in this area

    19 Total Sales

    Section Image
  • Michael Reuben

    Buyer's Agent in 2023

    Michael Reuben

    RE/MAX Edge

    (718) 530-0978

    1 in this area

    33 Total Sales

    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 468945

Brooklyn Board of REALTORS®

APN: 06445-0024

New York Kings County Brooklyn 11214 Bath Beach

8779 21st Ave, Brooklyn, NY

This home is located at 8779 21st Ave, Brooklyn, NY 11214 since 07 November 2022 and is currently estimated at $2,025,824, approximately $606 per square foot. 8779 21st Ave is a home located in Kings County with nearby schools including Is 281 Joseph B Cavallaro, Bais Yaakov of Bay Parkway, and Yeshivah Ohel Moshe.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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