Seller's Agent in 2022
Gavriel Ilyabayev
Douglas Elliman Real Estate
(718) 350-5544
2 in this area
22 Total Sales
997 Belmont Ave Brooklyn, NY 11208
East New York NeighborhoodEstimated Value: $1,048,223
9
Beds
4
Baths
2,128
Sq Ft
$493/Sq Ft
Est. Value
Highlights
- Garage
- 2-minute walk to Euclid Avenue
- 5-minute walk to Cypress Park
About This Home
As of December 2022Open house: Sun, Apr 24 (2:00 - 3:00PM) Astonishing, semi-detached 3-family investment property just hitting the market in East New York! This staggering, 2-story solid-brick corner building with a fully-finished basement is enormous in size and scope. The legal 3-family home has 4 gas and 4 electric meters and a flexible basement set-up making for even more possibilities. The entire building had a recent update, paving the way for beautiful parquet wood floors, stainless steel appliances in the kitchens and some modern accents in the bathrooms including fresh tilework and clean fixtures. The top floor boasts two separate and complete apartments, one is a 3-bedroom, 1-bathroom unit and the other is a 2-bedroom, 1-bathroom unit. The first floor is a gigantic 4-bedroom, 1-bathroom apartment with living room, formal dining room and kitchen. The fully-finished basement is enormous, with 3 giant rooms, a full bathroom and its very own separate entrance, so there's ample opportunity for maximum returns. The building is very long, takes up the whole corner of Doscher Street and Belmont Avenue and is in terrific shape, made even better with its new boiler, not to mention the 3 private protected parking spaces alongside the back of the property! This building is also in the perfect East New York location with the Euclid Avenue A and C trains just one block away! It's a rare 3-family gem, call today!
Last Agent to Sell the Property
Douglas Elliman Real Estate License #10301217187 Listed on: 03/23/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,295
Lot Details
- 1,960
Parking
- Garage
Home Design
Interior Spaces
- 2,128 Sq Ft Home
- 2-Story Property
- Washer Dryer Allowed
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Community Details
- 3 Units
- East New York Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2022
Closed on
Jan 9, 2023
Sold by
Lancaster Carol
Bought by
Hossain Quasar
Seller's Agent
Gavriel Ilyabayev
Douglas Elliman Real Estate
List Price
$1,350,000
Sold Price
$950,000
Premium/Discount to List
-$400,000
-29.63%
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,223
Avg. Annual Appreciation
3.71%
Original Mortgage
$712,500
Outstanding Balance
$690,924
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$357,299
Purchase Details
Closed on
Sep 9, 2017
Sold by
Lancaster Bert
Bought by
Lancaster Carol
Purchase Details
Closed on
Jun 27, 2003
Sold by
Galil Inc
Bought by
Lancaster Bert and Lancaster Carol
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,650
Interest Rate
6.02%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 30, 2002
Sold by
Brown Audrey
Bought by
Galil Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hossain Quasar | $950,000 | -- | |
| Lancaster Carol | -- | -- | |
| Lancaster Bert | $408,000 | -- | |
| Galil Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hossain Quasar | $712,500 | |
| Previous Owner | Lancaster Bert F | $139,225 | |
| Previous Owner | Lancaster Bert | $508,150 | |
| Previous Owner | Lancaster Bert | $401,650 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2022 12/15/22 | Sold | $950,000 | -29.6% | $446 / Sq Ft |
| 06/15/2022 06/15/22 | Pending | -- | -- | -- |
| 04/01/2022 04/01/22 | For Sale | $1,350,000 | +42.1% | $634 / Sq Ft |
| 03/24/2022 03/24/22 | Off Market | $950,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $1,295 | $37,920 | $3,060 | $34,860 |
| 2024 | $1,295 | $34,440 | $3,060 | $31,380 |
| 2023 | $1,236 | $39,000 | $3,060 | $35,940 |
| 2022 | $928 | $32,100 | $3,060 | $29,040 |
| 2021 | $968 | $27,480 | $3,060 | $24,420 |
| 2020 | $445 | $17,400 | $3,060 | $14,340 |
| 2019 | $831 | $15,120 | $3,060 | $12,060 |
| 2018 | $736 | $5,073 | $1,232 | $3,841 |
| 2017 | $734 | $5,073 | $1,320 | $3,753 |
| 2016 | $691 | $5,007 | $1,567 | $3,440 |
| 2015 | $358 | $4,726 | $1,772 | $2,954 |
| 2014 | $358 | $4,478 | $2,021 | $2,457 |
Source: Public Records
Agents Affiliated with this Home
-
Gavriel Ilyabayev
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10819885
APN: 04232-0001
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