NOT LISTED FOR SALE

Estimated Value: $2,786,000 - $2,945,000

5 Beds
3 Baths
3,520 Sq Ft
$823/Sq Ft Est. Value

Last Sold March 24, 2024

Last sale price $2,850,000 $810 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $16,868/month

122 Days on Market

Highlights

  • 3 Fireplaces
  • East Facing Home
  • 2-minute walk to Oracle Playground
  • P.S. 20 Clinton Hill Rated A

About This Home

As of March 2024

Welcome to a spacious and move-in-ready property in the charming Fort Greene neighborhood of Brooklyn. This home offers endless possibilities and is ready for its new owners to make it their own with minor redesigns. Step inside and you'll find a well-maintained property that's been upgraded to ensure comfort and convenience. From the roof to the mechanical and electrical systems, everything has been meticulously taken care of. Investors will appreciate the income potential here, with two apartments that can be readily rented for $3,800 to $4,100 per month, providing an immediate return on investment. The per-square-foot value is exceptional, and there's room for creative touches to enhance the property even further. The location is a true gem, with proximity to Fort Greene Park, weekend farmers' markets, DeKalb Avenue eateries, Myrtle Avenue shops, and the convenience of the recently added Wegmans supermarket. Families will love the excellent schools and the property's relatively low taxes for its size. Notably, this building boasts a generous width of just over 20 feet, allowing for various design options, including a mudroom, storage, or sunroom. With a score above 96%, the Fort Greene community is welcoming, open, and inviting, offering numerous community-oriented activities. Plus, it's just a short distance from the Barclays Center, supermarkets, houses of worship, and the major subway hub at Atlantic Terminals. Don't miss out on this unique opportunity to make this property your new home or investment endeavor. It's a place that promises both a comfortable lifestyle and the potential for financial growth. #FortGreene #BrooklynLiving #InvestmentOpportunity

Last Listed By

Harun Henry

Coldwell Banker Reliable R E Brokerage Phone: 718-921-3100 License #10301212329 Listed on: 09/25/2023

Coldwell Banker Reliable R E

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,142

Year Built

  • Built in 1899

Lot Details

  • 1,740 Sq Ft Lot
  • Lot Dimensions are 21.75x80
  • Two or More Common Walls
  • East Facing Home

Parking

  • On-Street Parking

Interior Spaces

  • 3-Story Property
  • 3 Fireplaces

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Fort Green Preparatory Academy Middle School
  • Brooklyn Tech High School

Utilities

  • No Cooling

Listing and Financial Details

  • Legal Lot and Block 40 / 2074
  • Assessor Parcel Number 02074-0040

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,142

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1899
  • New Construction: No
  • Attribution Contact: 718-921-3100
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Fireplaces: 3
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: See Remarks
  • Total Bedrooms: 5
  • Fireplace: Yes
  • NumberOfKitchens: 3

Exterior Features

  • Direction Faces: East
  • Construction Materials: Other
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Other, See Remarks
  • Sewer: Other
  • Water Source: Public
  • Hot Water: See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Fort Green Preparatory Academy

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 21.75x80
  • Lot Size Sq Ft: 1740
  • Lot Size Units: Acres
  • Parcel Number: 02074-0040
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-09-26

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 8142
  • Tax Block: 2074
  • Tax Lot: 40
  • Tax Map Number: 02074-0040

MLS Schools

  • High School: Brooklyn Tech High School
  • Middle School District: Brooklyn 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Mar 20, 2024
Sold by
Guerrero Maria Maritza and Mathura Gisel Magali
Bought by
Greenway Matthew Thomas and Mcgaugh Mary Elizabeth
Seller's Agent
Harun Henry
Coldwell Banker Reliable R E
Buyer's Agent
Jonathan Lavoie
Compass
List Price
$3,499,000
Sold Price
$2,850,000
Premium/Discount to List
-$649,000
-18.55%
Total Days on Market
122
Views
94
Current Estimated Value
$2,896,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,090
Avg. Annual Appreciation
1.48%
Original Mortgage
$1,950,000
Outstanding Balance
$1,933,398
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$962,692

Purchase Details

Closed on
Dec 23, 2020
Sold by
Gisel Magali Mathura As Heir-At-Law and Lucy Santiago Guerrero Deceased
Bought by
Guerrero Maria Maritza and Mathura Gisel Magali

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
Greenway Matthew Thomas $2,850,000 --
Greenway Matthew Thomas $2,850,000 --
Guerrero Maria Maritza -- --
Guerrero Maria Maritza -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenway Matthew Thomas $1,950,000
Closed Greenway Matthew Thomas $1,950,000
Previous Owner Guerrero Lucy Santiago $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2024 03/24/24 Sold $2,850,000 -13.6% $810 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
11/06/2023 11/06/23 Price Changed $3,299,000 -5.7% $937 / Sq Ft
09/25/2023 09/25/23 For Sale $3,499,000 -- $994 / Sq Ft
Source: OneKey® MLS

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
2024 $8,436 $193,200 $29,700 $163,500
2023 $8,142 $237,060 $29,700 $207,360
2022 $7,681 $200,820 $29,700 $171,120
2021 $7,960 $194,100 $29,700 $164,400
2020 $5,668 $172,260 $29,700 $142,560
2019 $7,029 $189,180 $29,700 $159,480
2018 $6,513 $33,408 $5,692 $27,716
2017 $6,125 $31,518 $6,670 $24,848
2016 $5,991 $31,518 $7,321 $24,197
2015 $3,366 $30,916 $10,249 $20,667
2014 $3,366 $29,168 $8,218 $20,950
Source: Public Records

Agents Affiliated with this Home

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Source: OneKey® MLS

MLS Number: KEY3506447

OneKey® MLS

APN: 02074-0040