NOT LISTED FOR SALE

Brooklyn, NY 11225

Prospect Lefferts Gardens Neighborhood

Estimated Value: $1,518,732 - $2,054,000

5 Beds
4 Baths
1,000 Sq Ft
$1,743/Sq Ft Est. Value

Last Sold September 13, 2019

Last sale price $1,399,999 $1,400 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,660/month

1 Day on Market

About This Home

As of September 2019

Rarely available legal 3 Family in Prospect Lefferts Gardens

Rarely available Legal 3 Family with a fully finished basement in Prospect Lefferts Gardens - perfect for an owner/occupier or an investor. All apartments have been excellently maintained and are in great condition. Low expenses make it a great income-producing property with upside and room to grow.

Fully occupied at present but the 1st floor apartment (3 bedroom/1 bath floor-through unit) can be vacant for an owner/occupier. The two 1 bedroom apartments on the 2nd floor are tenanted with good rents and good tenants to offset a potential mortgage payment. Fully finished basement with backyard access can be duplexed with the first floor for added potential.

This is a legal 3 family at the price of a 2 family in one of the most desirable up-and-coming neighborhoods in Brooklyn.

1st floor - 3 BD/1 BA - $2800 monthly rent, lease ends 9/30/19
2nd floor - 1 BD/1 BA - $1700 monthly rent, lease ends 6/30/20
2nd floor - 1 BD/1 BA - $1690 monthly rent, lease ends 8/31/20

Current Cap Rate - 4.2%
Projected Cap Rate - 5.8%

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 20.0 x 87.0

Home Design

  • Pre War Building

Interior Spaces

  • 1,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Community Details

  • Prospect Leffert Gdn Subdivision

Listing and Financial Details

  • Legal Lot and Block 36 / 4814

Home Details

Home Type

Single Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Nostrand Avenue/New York Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Prospect Leffert Gdn
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 1000.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 87.0

Building Info

  • Total Stories: 2
  • Year Built: 1899

Tax Info

  • Tax Block: 4814
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2024
Sold by
Cronin Matthew T
Bought by
Macro Rentals Llc
Current Estimated Value
$1,742,683

Purchase Details

Closed on
Sep 11, 2020
Sold by
Jbak Properties Ii Llc
Bought by
Cronin Matthew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,045,600
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2016
Sold by
Mentis Linnette
Bought by
Jbak Properties Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 1997
Sold by
Brandt Beverly
Bought by
Brandt Beverly and Mentis Linnette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,250
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 3, 1997
Sold by
Watson Pethrona
Bought by
Brandt Beverly and Mentis Linnette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,250
Interest Rate
7.7%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Macro Rentals Llc -- --
Macro Rentals Llc -- --
Cronin Matthew T $1,307,000 --
Cronin Matthew T $1,307,000 --
Cronin Matthew T $1,307,000 --
Jbak Properties Ii Llc $900,000 --
Jbak Properties Ii Llc $900,000 --
Jbak Properties Ii Llc $900,000 --
Brandt Beverly -- American Title Ins Co
Brandt Beverly -- American Title Ins Co
Brandt Beverly $180,000 Commonwealth Land Title Ins
Brandt Beverly $180,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cronin Matthew T $1,045,600
Previous Owner Jbak Properties Ii Llc $495,000
Previous Owner Brandt Beverly $172,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2019 09/13/19 Sold $1,399,999 0.0% $1,400 / Sq Ft
09/11/2019 09/11/19 For Sale $1,399,999 -- $1,400 / 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 $6,670 $91,320 $19,080 $72,240
2024 $6,670 $107,400 $19,080 $88,320
2023 $6,367 $110,100 $19,080 $91,020
2022 $5,908 $100,560 $19,080 $81,480
2021 $5,881 $77,640 $19,080 $58,560
2020 $4,411 $80,400 $19,080 $61,320
2019 $5,790 $88,920 $19,080 $69,840
2018 $5,326 $26,126 $7,973 $18,153
2017 $5,027 $24,661 $9,448 $15,213
2016 $4,346 $23,288 $8,901 $14,387
2015 $2,586 $23,288 $11,897 $11,391
2014 $2,586 $23,064 $11,355 $11,709
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10556477

Real Estate Board of New York (REBNY)

APN: 04814-0036

New York Kings County Brooklyn 11225

Prospect Lefferts Gardens

Not Listed for Sale

Detached

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