1162 Union St Brooklyn, NY 11225
Crown Heights NeighborhoodEstimated Value: $1,585,000 - $2,235,069
5
Beds
2.5
Baths
2,706
Sq Ft
$674/Sq Ft
Est. Value
Highlights
- Community Garden
- Garden
- 3-minute walk to President Street
About This Home
As of March 2021Welcome home to Union Street! Looking for a home with more space? How about a pre-war home with character? How about a home with a backyard? If you answered yes to these three questions, then look no further than 1162 Union Street. This two-family brick townhouse in Crown Heights features over 2,700 square feet of interior living space. The backyard includes an additional 800 square feet of outdoor living space. Bring your architect and imagination with you when you come to visit this home. The possibilities here are endless.
Constructed nearly a century ago in 1915, the building still includes details from a bygone era. The building has been well-maintained throughout the years, however, it's in need of modern updating. There is a lot to love about this home. The decorative fireplace and archway door will bring you back in time. The wood floors are still in great condition. The roof has been well maintained. A new furnace was installed in 2018. It's a true value-add opportunity in one of Brooklyn's hottest residential neighborhoods.
1162 Union Street is centrally-located within a short distance of many attractions including the Brooklyn Botanic Garden, the Brooklyn Museum, Medgar Evers College, the Bedford Union Armory, SUNY Downstate Medical Center, the Barclays Center, and Prospect Park. It's a quick commute into Manhattan from this location by car or train. The 2, 3, 4, 5 subway trains are nearby. The Long Island Rail Road station also stops nearby on Bedford & Atlantic Avenue. The building is being sold "as is." This opportunity won't last long. Call or email the listing agents to schedule a private showing today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,397
Year Built
- Built in 1915
Lot Details
- 1,784 Sq Ft Lot
- Lot Dimensions are 20.33 x 87.75
- Garden
Interior Spaces
- 2,706 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
Community Details
Overview
- 2 Units
- Crown Heights Subdivision
Amenities
- Community Garden
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 20, 2020
Closed on
Mar 4, 2021
Sold by
Ingram Karen and Mckenzie Dawn
Bought by
Rauschnabel Kathrin and Rauschnabel Markus
List Price
$1,399,000
Sold Price
$1,262,500
Premium/Discount to List
-$136,500
-9.76%
Total Days on Market
57
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
$562,267
Avg. Annual Appreciation
9.32%
Original Mortgage
$946,875
Outstanding Balance
$866,353
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$957,891
Purchase Details
Closed on
Jan 30, 2017
Sold by
Hubbard Marjorie
Bought by
Mckenzie Dawn
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rauschnabel Kathrin | $1,262,500 | -- | |
| Mckenzie Dawn | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rauschnabel Kathrin | $946,875 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2021 03/05/21 | Sold | $1,262,500 | -9.8% | $467 / Sq Ft |
| 12/15/2020 12/15/20 | Pending | -- | -- | -- |
| 10/19/2020 10/19/20 | For Sale | $1,399,000 | -- | $517 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $5,397 | $96,780 | $17,220 | $79,560 |
| 2023 | $5,458 | $100,800 | $17,940 | $82,860 |
| 2022 | $5,323 | $100,920 | $17,940 | $82,980 |
| 2021 | $4,053 | $93,840 | $17,940 | $75,900 |
| 2020 | $1,242 | $113,760 | $17,940 | $95,820 |
| 2019 | $4,685 | $125,820 | $17,940 | $107,880 |
| 2016 | $3,570 | $20,966 | $6,313 | $14,653 |
| 2015 | $2,090 | $19,780 | $8,709 | $11,071 |
| 2014 | $2,090 | $18,662 | $8,558 | $10,104 |
Source: Public Records
Map
Similar Homes in Brooklyn, NY
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10809021
APN: 01275-0014
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