NOT LISTED FOR SALE

Estimated Value: $1,227,651 - $1,502,000

7 Beds
5 Baths
2,282 Sq Ft
$589/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $1,495,000 $655 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $7,832/month

94 Days on Market

About This Home

As of July 2023

935 East 31st Street is a traditional two family townhouse in Midwood, Brooklyn. Its three stories are built 58' deep on a 100' lot and encompass approximately 3,300 square ft of living space, and the home benefits from a long driveway and a private garage!

Configuration: The lot size is 26' x 100'. The building is built 19.5' wide and 58' deep with side windows, and a rear garage, (17' x 16'). The building is currently configured as a two unit residence, with two apartments, one of which is a 3.5 bedroom, 2.5 bathroom duplex.

The largest unit offers two entrances, one from the 100 ft long driveway and another from the front porch. The two stories of living space span approximately 2,262 sq ft. The upper level has 3 bedrooms and 2 bathrooms, with a lower level that is accessible via two separate staircases from within the home, and features a sizeable home office or guest room, plus a large recreation space, half bathroom, and laundry room. Each floor of the home is flooded with natural light from three exposures.

The penthouse apartment features 3 bedrooms, 2 full bathrooms, and also benefits from 3 exposures. This unit would rent for approximately $3,750 / month. It's proximity to Brooklyn College, numerous transportation options, and plethora of coworking spaces make this an area perfect for renting!

Features:

Three exposures
Long driveway and garage
Contemporary black and wood finishes
Washer & dryer hook ups
A bathroom on each floor

The rental unit provides income potential that can significantly offset the mortgage, taxes and insurance.

The large floor plates and multiple exposures allow for flexible planning and a multitude of uses.

The cellar has great potential for exercise, recreation, a second living room, guest rooms, home office or storage spaces.

Located in Midwood, a few blocks from Brooklyn College, 935 East 31st St has access to many neighborhood necessities such as Alda, Key Food, Target, and HomeGoods. The 2 and 5 train are just minutes away.

Last Agent to Sell the Property

Tony Bush

Corcoran Group License #10401336100 Listed on: 01/25/2023

Corcoran Group

Co-Listed By

Justine Lee-Mills

Corcoran Group License #10401245431

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,069

Lot Details

  • 2,614

Home Design

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Community Details

  • 2 Units
  • Marine Park Subdivision

Listing and Financial Details

  • Tax Block 07595

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,069

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Marine Park
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Beds/Baths

  • Full Bathrooms: 5
  • Bathrooms Integer: 5
  • Bedrooms: 7

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 2

Tax Info

  • Tax Block: 07595

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
Jul 27, 2023
Sold by
935 E 31 Inc
Bought by
Johnson Adam
Seller's Agent
Tony Bush
Corcoran Group
List Price
$1,595,000
Sold Price
$1,495,000
Premium/Discount to List
-$100,000
-6.27%
Views
189
Current Estimated Value
$1,345,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,837
Avg. Annual Appreciation
-4.57%
Original Mortgage
$1,345,350
Outstanding Balance
$1,314,119
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$31,044

Purchase Details

Closed on
Dec 13, 2021
Sold by
Fontaine Antoine
Bought by
935 E 31 Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 1994
Sold by
Fontaine Antoine and Fontaine John
Bought by
Fontaine Antoine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,214
Interest Rate
7.94%
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
Johnson Adam $1,495,000 --
Johnson Adam $1,495,000 --
935 E 31 Inc $515,000 --
935 E 31 Inc $515,000 --
Fontaine Antoine -- Chicago Title Insurance Co
Fontaine Antoine -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Adam $1,345,350
Closed Johnson Adam $1,345,350
Previous Owner 935 E 31 Inc $550,000
Previous Owner Fontaine Antoine $5,214
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2023 07/27/23 Sold $1,495,000 0.0% $655 / Sq Ft
05/12/2023 05/12/23 Pending -- -- --
03/14/2023 03/14/23 Price Changed $1,495,000 -6.3% $655 / Sq Ft
02/06/2023 02/06/23 For Sale $1,595,000 -- $699 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $9,069 $58,620 $12,060 $46,560
2024 $9,069 $53,880 $12,060 $41,820
2023 $8,651 $47,100 $12,060 $35,040
2022 $8,504 $45,900 $12,060 $33,840
2021 $7,996 $44,160 $12,060 $32,100
2020 $5,997 $51,480 $12,060 $39,420
2019 $7,212 $42,300 $12,060 $30,240
2018 $6,577 $35,498 $8,220 $27,278
2017 $6,590 $35,498 $8,607 $26,891
2016 $6,230 $34,272 $11,165 $23,107
2015 $3,600 $33,237 $11,316 $21,921
2014 $3,600 $31,356 $12,783 $18,573
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10872314

Real Estate Board of New York (REBNY)

APN: 07595-0032