NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $1,094,000

11 Beds
3 Baths
2,877 Sq Ft
$367/Sq Ft Est. Value

Last Sold July 12, 2023

Last sale price $1,025,000 $356 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,901/month

119 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to Broadway Junction (East New York)
  • 4-minute walk to Thomas Boyland Park
  • Park
  • Heating System Uses Steam

About This Home

As of July 2023

Large Three family home for sale in Ocean Hill, Brooklyn neighborhood. This 2,877 sq. ft. multi-family provides 959 sq. foot units, first floor 3 Bedroom apartment with full bathroom, and second and third floor units with 4 bedroom apartments each with full bathrooms. Large spacious basement with separate entrance. R6A zoning approximately 4,900 buildable sq. feet located in a Qualified Opportunity Zone! Entire building to be delivered VACANT!! Steps away from Broadway Junction Station (A/C Subway Trains) and a short walk to J, Z and L trains! Building located across the street from Callahan Kelly Park! Great 1031 Exchange opportunity and/or for end user looking to occupy one unit and rent out the other two!

Last Agent to Sell the Property

Etan Hakimi

Mitra Hakimi Realty Group LLC License #10301204850 Listed on: 09/23/2022

Last Buyer's Agent

Etan Hakimi

Mitra Hakimi Realty Group LLC License #10301204850 Listed on: 09/23/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,066

Year Built

  • Built in 1920

Lot Details

  • 1,638 Sq Ft Lot
  • Lot Dimensions are 19.5x84
  • Two or More Common Walls

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Location

  • Property is near public transit

Schools

  • Ps/Is 137 Rachael Jean Mitchell Elementary School
  • Brooklyn Environmental Exploration Middle School
  • Brooklyn Collegiate High School

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Oil

Listing and Financial Details

  • Legal Lot and Block 56 / 1544
  • Assessor Parcel Number 01544-0056

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,066

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1920
  • New Construction: No
  • BuildingSize: 19.5X54
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Full, Unfinished
  • Total Bedrooms: 11
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: No Garage, None, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Steam
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Fuel Oil Stand Alone

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Brooklyn Environmental Exploration

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 19.5x84
  • Lot Size Sq Ft: 1638
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 01544-0056
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 4
  • NumberOf3Bedrooms: 1
  • NumberOf4Bedrooms: 2

Tax Info

  • Tax Annual Amount: 2066.4
  • Tax Block: 1544
  • Tax Lot: 56
  • Tax Map Number: 01544-0056

MLS Schools

  • Elementary School: Ps/Is 137 Rachael Jean Mitchell,Ps/Is 155 Nicholas Herkimer
  • High School: Brooklyn Collegiate
  • Middle School District: Brooklyn 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2024
Sold by
East Tremont Assoc Llc
Bought by
Schweid Avrohom Shaul
Current Estimated Value
$1,055,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,095
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 23, 2022
Closed on
Jul 12, 2023
Sold by
Daniel A Alvarez As Administrator and Estate Of Edil Martinez
Bought by
East Tremont Assoc Llc
Seller's Agent
Etan Hakimi
Mitra Hakimi Realty Group LLC
Buyer's Agent
Etan Hakimi
Mitra Hakimi Realty Group LLC
List Price
$1,288,000
Sold Price
$1,025,000
Premium/Discount to List
-$263,000
-20.42%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.37%
Original Mortgage
$1,050,000
Interest Rate
6.71%
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
Schweid Avrohom Shaul -- --
Schweid Avrohom Shaul -- --
East Tremont Assoc Llc $999,000 --
East Tremont Assoc Llc $999,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schweid Avrohom Shaul $23,095
Previous Owner East Tremont Assoc Llc $1,050,000
Previous Owner Martinez Edil $482,041
Previous Owner Martinez Edil $325,561
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2023 07/12/23 Sold $1,025,000 -20.4% $356 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
09/23/2022 09/23/22 For Sale $1,288,000 -- $448 / Sq Ft
Source: OneKey® MLS

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 $2,331 $54,720 $15,060 $39,660
2024 $2,331 $46,020 $15,060 $30,960
2023 $1,942 $56,460 $15,060 $41,400
2022 $1,779 $61,740 $15,060 $46,680
2021 $1,762 $67,680 $15,060 $52,620
2020 $1,322 $60,180 $15,060 $45,120
2019 $1,730 $66,540 $15,060 $51,480
2018 $1,564 $9,134 $2,320 $6,814
2017 $1,459 $8,626 $3,431 $5,195
2016 $1,319 $8,150 $3,321 $4,829
2015 $762 $8,133 $4,787 $3,346
2014 $762 $8,060 $5,693 $2,367
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3432535

OneKey® MLS

APN: 01544-0056