Seller's Agent in 2022
Libby Ryan
Compass
(917) 617-4227
2 in this area
53 Total Sales
87 Vanderbilt Ave Brooklyn, NY 11205
Clinton Hill NeighborhoodEstimated Value: $1,765,000 - $2,886,417
5
Beds
4
Baths
2,700
Sq Ft
$901/Sq Ft
Est. Value
Highlights
- Pre War Building
- Intercom
- 4-minute walk to Oracle Playground
- Terrace
- Building Terrace
About This Home
As of July 202287 Vanderbilt Ave presents a fantastic investment opportunity in ultra-desirable Fort Greene!
This multi-family brownstone consists of 3 floor-thru units. All have private outdoor space (private yard for the parlor, private terraces for the upper two units), chef's kitchens, closets aplenty, sunlit bedrooms, exposed brick, and prewar marble fireplace mantles. The top two apartments have additional bedrooms/offices off of the main bedroom. Any of these three units would make for a lovely owners' unit should they wish to live in the building and rent out the additional units. There is coin operated laundry in the finished basement.
87 Vanderbilt was fully gut renovated in 2005, with additional improvements made more recently, including a new boiler and hot water heater; the building was also converted to natural gas in 2017.
The current owner currently nets $130k in rental income. Taxes are low, only $5,336/year. All units are currently occupied with leases ending between July 2022-2023.
The best of Brooklyn living can be experienced from 87 Vanderbilt. Fort Greene Park and its fantastic Saturday Farmers Market are close by, and the Brooklyn Navy Yard is moments away, with its enormous Wegman's, Russ & Daughters, and Brooklyn's best coffee roasters, Parlor and Brooklyn Roasting Company.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,397
Year Built
- Built in 1910
Lot Details
- 1,786
Home Design
- Pre War Building
Interior Spaces
- 2,700 Sq Ft Home
- 3-Story Property
- Intercom
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Additional Features
- Terrace
- Lot Dimensions are 20.0 x 90.0
Community Details
- Clinton Hill Subdivision
- Building Terrace
Listing and Financial Details
- Legal Lot and Block 31 / 1887
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2022
Closed on
Jul 19, 2022
Sold by
87 Vanderbilt Avenue Llc
Bought by
Dao Huong Ly and Tran Hung
Seller's Agent
Libby Ryan
Compass
List Price
$2,650,000
Sold Price
$2,675,000
Premium/Discount to List
$25,000
0.94%
Total Days on Market
35
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
-$241,896
Avg. Annual Appreciation
-3.23%
Original Mortgage
$2,140,000
Outstanding Balance
$2,065,915
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$375,425
Purchase Details
Closed on
Oct 5, 2010
Sold by
Armstrong Jeremy and Rivera Maria
Bought by
87 Vanderbilt Avenue
Purchase Details
Closed on
Nov 18, 2004
Sold by
Gooden Maggie and Gooden Gooden
Bought by
Armstrong Jeremy and Rivera Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Dao Huong Ly | $2,675,000 | -- | |
| 87 Vanderbilt Avenue | -- | -- | |
| Avenue 87 Vanderbilt | -- | -- | |
| Armstrong Jeremy | $650,000 | -- | |
| Armstrong Jeremy | $650,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dao Huong Ly | $2,140,000 | |
| Previous Owner | Armstrong Jeremy | $65,000 | |
| Previous Owner | Armstrong Jeremy | $520,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/19/2022 07/19/22 | Sold | $2,675,000 | +0.9% | $991 / Sq Ft |
| 04/18/2022 04/18/22 | For Sale | $2,650,000 | -- | $981 / 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 | $148,380 | $21,480 | $126,900 |
| 2023 | $5,458 | $131,160 | $21,480 | $109,680 |
| 2022 | $5,053 | $143,280 | $21,480 | $121,800 |
| 2021 | $5,266 | $124,800 | $21,480 | $103,320 |
| 2020 | $5,024 | $122,400 | $21,480 | $100,920 |
| 2019 | $4,685 | $97,320 | $21,480 | $75,840 |
| 2018 | $4,565 | $22,394 | $4,803 | $17,591 |
| 2017 | $4,530 | $22,222 | $4,479 | $17,743 |
| 2016 | $4,191 | $20,966 | $5,166 | $15,800 |
| 2015 | $2,529 | $19,780 | $7,316 | $12,464 |
| 2014 | $2,529 | $18,662 | $5,867 | $12,795 |
Source: Public Records
Agents Affiliated with this Home
-
Libby Ryan
-
Maria Ryan
Seller Co-Listing Agent in 2022
Maria Ryan
Compass
(347) 276-5165
5 in this area
71 Total Sales
Map
Similar Homes in the area
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10786538
APN: 01887-0031
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