NOT LISTED FOR SALE

901 48 St Unit 2 Brooklyn, NY 11219

Borough Park Neighborhood

Estimated Value: $4,137,340

Studio
12 Baths
-- Sq Ft
4,700 Sq Ft Lot

Last Sold April 06, 2021

Last sale price $3,400,000

Est. 22% increase in value since last sale

Current estimated payment $22,962/month

Highlights

  • Wood Flooring
  • Handicap Accessible
  • Baseboard Heating
  • P.S. 160 William T Sampson School Rated A-
  • Multiple cooling system units
  • Split Air Conditioning

About This Home

As of April 2021

ATTENTION ALL BUILDERS - THIS IS A RARE OPPORTUNITY FOR YOU TO OWN, OR TO DEVELOP TWO BUILDINGS, ON THE CORNER AND FULLY DETACHED. TWO BUILDINGS SIZE ARE 42X68, LOT SIZE 47X100. 5 PARKING SPACES. ITS LOCATED IN PRIME LOCATION BETWEEN SUNSET PARK AND BORDER OF BOROUGH PARK. ABOUT SIX BLOCKS TO D TRAIN STATION. ZONING R 6. CURRENTLY THE FIRST FLOOR AND BASEMENT ARE BEEN USED AS A MEDICAL OFFICE, THE SECOND FLOOR IS HUGE ONE FAMILY.

Last Agent to Sell the Property

Franklin Shan

Tiger Realty Listed on: 08/29/2020

Tiger Realty

Last Buyer's Agent

Franklin Shan

Tiger Realty Listed on: 08/29/2020

Tiger Realty

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,700 Sq Ft Lot
  • Lot Dimensions are 100 x 47
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Finished Basement

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

Parking

  • 5 Parking Spaces
  • Carport

Utilities

  • Multiple cooling system units
  • Central Air
  • Split Air Conditioning
  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • 200+ Amp Service
  • 110 Volts
  • Gas Water Heater

Additional Features

  • Handicap Accessible

Listing and Financial Details

  • Tax Block 5625

Property Details

Home Type

Multi-Family

Lot Details

4,700 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full, Separate Entrance
  • Borough: Brooklyn
  • Building Length: 68.00
  • Building Width: 42.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 9th Av
  • Cross Street Name2: 10th Ave
  • Handicap Access Y N U: Yes
  • Heat Delivery: Baseboard, Hot Air
  • Negotiate Thru: Broker
  • Number Of Families: 1
  • Parking Attributes: 5 Spaces
  • Parking Feature Single: Carport
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit, A/C Unit - Wall, Central Air, Central Air - Split
  • Street Name I D X: 48
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 7
  • Basement Half Bathrooms: 5
  • Flooring: Carpeting, Ceramic, Hardwood
  • Lot Sq Ft: 4700

Exterior Features

  • Yard: Back
  • Exterior Building Type: Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 1
  • Roof: Flat

Utilities

  • Air Conditioning Units: 2
  • Electric: 110 V, 200 Amp, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 47

Multi Family

  • Unit Count: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2020
Closed on
Apr 6, 2021
Sold by
Schulman Dr Robert H and Schulman Dr Susan
Bought by
Cho 901 Realty Llc
Seller's Agent
Franklin Shan
Tiger Realty
Buyer's Agent
Franklin Shan
Tiger Realty
Sold Price
$3,400,000
Current Estimated Value
$4,137,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$737,340
Avg. Annual Appreciation
4.25%
Original Mortgage
$1,360,000
Outstanding Balance
$1,228,898
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,948,434
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
Cho 901 Realty Llc $3,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cho 901 Realty Llc $1,360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2021 04/06/21 Sold $3,400,000 -- --
08/29/2020 08/29/20 Pending -- -- --
Source: Brooklyn Board of REALTORS®

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 $17,223 $127,500 $39,480 $88,020
2024 $17,223 $118,740 $39,480 $79,260
2023 $16,430 $114,180 $39,480 $74,700
2022 $15,236 $89,640 $39,480 $50,160
2021 $15,152 $83,040 $39,480 $43,560
2020 $3,766 $75,960 $39,480 $36,480
2019 $14,949 $75,960 $39,480 $36,480
2018 $13,445 $67,416 $34,467 $32,949
2017 $12,665 $63,600 $34,874 $28,726
2016 $11,685 $60,000 $39,480 $20,520
2015 $9,488 $61,140 $39,480 $21,660
2014 $9,488 $61,140 $39,480 $21,660
Source: Public Records

Agents Affiliated with this Home

  • Franklin Shan

    Seller's Agent in 2021

    Franklin Shan

    Tiger Realty

    (917) 292-1688

    2 in this area

    28 Total Sales

    Franklin Shan
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 443119

Brooklyn Board of REALTORS®

APN: 05625-0001

New York Kings County Brooklyn 11219 Borough Park

901 48 St Unit 2, Brooklyn, NY

Not Listed for Sale

MultiFamily

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