NOT LISTED FOR SALE

Estimated Value: $1,222,309 - $1,322,000

4 Beds
3 Baths
3,072 Sq Ft
$414/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $1,165,000 $379 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,084/month

2,569 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to Ralph Avenue
  • 5-minute walk to Brevoort Playground
  • Building Patio
  • Patio

About This Home

As of April 2021

992 Herkimer Street is a highly desirable 20 x 50 ft two-family limestone in Bedford-Stuyvesant with a vast garden and patio. Perfect for the 1031 buyer with a close to 6% cap rate.

Beautifully appropriated throughout the current owners have maintained this classic limestone magnificently. A fully finished basement offers tonnes of additional space and potential.

The house has a genuinely welcoming warm feel, and features nine and a half foot high ceilings, forced heat and A/C via original ductwork/vents and refinished original wood floors throughout,

The parlor-floor unit consists of a huge bright living room with an oversized bay window that lets in great light, original built-in full-length mirror, and ornate medallion plasterwork. An original victorian woodwork partition divides the living room and dining room. The dining room offers plenty of room to dine comfortably and has a door entrance into both the corridor and the ample office space. This adjoining space is currently used as an office but could be repurposed by new owner easily.

The parlor-floor corridor also provides access to the bathroom and bedroom at the garden end of the property. The bedroom is large and bright and has two full south-facing windows. Rounding off this floor is the charming galley kitchen that is kept bright via a full window.

The second-floor unit contains a bedroom with a large walk-in closet office, dining room, bathroom, living room, and kitchen.

The bedroom is north facing and has an oversized bay window that lets in great light, and original built-in full-length mirror, and ornate plasterwork. The office is connected via a door in the bedroom and has a full window out to the street. The office can also be accessed via the hallway. The dining room has plenty of room for a full dinner table is wonderfully bright due to a large central skylight. Directly open to the dining room is the living room, which again benefits from high ceilings and floor to ceiling windows resulting in a bright light welcoming and airy feel as is indicative of the house throughout.

The finished basement has a huge open storage space with access to the garden, windowed rec room with a half bathroom, and a washer-dryer that is accessible to both units.

992 Herkimer is a three-minute walk to express "A" train or "C" local subway at Ralph Avenue, and many bus lines than run on Fulton to downtown Brooklyn.

The Happy Cork wine store is a three-minute walk from the property, and many other bars and restaurants are present in the immediate local.

Last Agent to Sell the Property

Mick O'Connor

Compass License #10301212553 Listed on: 08/19/2014

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,035

Year Built

  • Built in 1910

Lot Details

  • 1,960

Home Design

  • Pre War Building

Interior Spaces

  • 3,072 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Patio
  • Lot Dimensions are 20.0 x 98.0

Community Details

  • Ocean Hill Subdivision
  • Building Patio

Listing and Financial Details

  • Legal Lot and Block 10 / 1557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,035

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: Prescott Place/Bancroft Place
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Ocean Hill
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 3072.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 4

Exterior Features

  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 98.0

Building Info

  • Total Stories: 3
  • Year Built: 1910

Tax Info

  • Tax Block: 1557
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2014
Closed on
Apr 9, 2021
Sold by
Luther-Cannon Alex and Solar-March Michaella
Bought by
Miller Caleb and Pham Tran
Seller's Agent
Mick O'Connor
Compass
List Price
$1,165,000
Sold Price
$1,165,000
Current Estimated Value
$1,271,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,327
Avg. Annual Appreciation
2.00%
Original Mortgage
$932,000
Outstanding Balance
$845,771
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$425,556

Purchase Details

Closed on
May 27, 2015
Sold by
Brown Aurora
Bought by
Cannon Alex L and March Michaella S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$686,812
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2005
Sold by
Gripper Derrick and Gripper Jean
Bought by
Brown Aurora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,100
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 1997
Sold by
Gripper Jean
Bought by
Gripper Jean and Gripper Derrick
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
Miller Caleb $1,165,000 --
Miller Caleb $1,165,000 --
Cannon Alex L $750,000 --
Cannon Alex L $750,000 --
Brown Aurora $459,000 --
Brown Aurora $459,000 --
Gripper Jean -- --
Gripper Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Caleb $932,000
Closed Miller Caleb $932,000
Previous Owner Luthercannon Alexander $25,911
Previous Owner Cannon Alex L $686,812
Previous Owner Brown Aurora $130,000
Previous Owner Brown Aurora $413,100
Previous Owner Gripper Derrick $204,000
Previous Owner Gripper Jean $15,000
Previous Owner Gripper Jean $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $1,165,000 0.0% $379 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
01/07/2014 01/07/14 For Sale $1,165,000 -- $379 / 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 $2,035 $66,780 $16,380 $50,400
2024 $2,035 $54,540 $16,380 $38,160
2023 $1,942 $66,900 $16,380 $50,520
2022 $1,801 $72,420 $16,380 $56,040
2021 $1,794 $71,340 $16,380 $54,960
2020 $890 $59,640 $16,380 $43,260
2019 $1,767 $47,400 $16,380 $31,020
2018 $1,624 $7,968 $2,475 $5,493
2017 $1,533 $7,520 $2,592 $4,928
2016 $1,420 $7,104 $2,709 $4,395
2015 $856 $7,089 $3,527 $3,562
2014 $856 $7,038 $3,127 $3,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10826827

Real Estate Board of New York (REBNY)

APN: 01557-0010