NOT LISTED FOR SALE

997 Brook Ave Bronx, NY 10451

Melrose Neighborhood

Estimated Value: $13,949,414

-- Bed
-- Bath
21,869 Sq Ft
$638/Sq Ft Est. Value

About This Home

This home is located at 997 Brook Ave, Bronx, NY 10451 and is currently estimated at $13,949,414, approximately $637 per square foot. 997 Brook Ave is a home located in Bronx County with nearby schools including Jhs 22 Jordan L Mott, Success Academy Charter School-Bronx 3, and South Bronx Classical III.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2023
Sold by
Gandhi Jayvant
Bought by
Pancha Nitika
Current Estimated Value
$13,949,414

Purchase Details

Closed on
Feb 23, 2012
Sold by
Gangotri Llc
Bought by
Brook Hospitality Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$761,288
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2004
Sold by
Yustas Inc
Bought by
Gangotri Llc

Purchase Details

Closed on
Oct 6, 2004
Sold by
Larkin Michael and Malhas Michael
Bought by
Yustas Inc

Purchase Details

Closed on
Oct 14, 1999
Sold by
The City Of New York
Bought by
Malhas Michael and Larkin Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,500
Interest Rate
7.48%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Pancha Nitika -- --
Gandhi Isha -- --
Brook Hospitality Llc $7,500,000 --
Gangotri Llc $490,000 --
Yustas Inc $450,000 --
Malhas Michael $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brook Hospitality Llc $761,288
Previous Owner Malhas Michael $42,500
Source: Public Records

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 $104,156 $3,260,040 $258,300 $3,001,740
2024 $104,156 $3,052,450 $258,300 $2,794,150
2023 $74,078 $2,775,480 $258,300 $2,517,180
2022 $60,966 $3,041,100 $258,300 $2,782,800
2021 $45,355 $2,898,900 $258,300 $2,640,600
2020 $43,573 $3,106,350 $258,300 $2,848,050
2019 $27,158 $2,327,400 $258,300 $2,069,100
2018 $27,158 $2,021,400 $258,300 $1,763,100
2017 $27,158 $1,998,000 $258,300 $1,739,700
2016 $27,313 $2,134,350 $258,300 $1,876,050
2015 $9,509 $2,249,550 $258,300 $1,991,250
2014 $9,509 $2,142,900 $258,300 $1,884,600
Source: Public Records

Map

New York Bronx County Bronx 10451 Melrose

997 Brook Ave, Bronx, NY

Not Listed for Sale

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