3 months on rocket

1248 Albany Ave, Brooklyn, NY, 11203

$899,000

Home List Price

$10,000*

Closing Credit

3 Full Baths
Multi
Schools Nearby

Location

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1248 Albany Ave, Brooklyn$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking6+ Spaces, Private Drive
Year Built1920
HeatingSteam, Natural Gas
BasementYes
FireplaceStove
MLS #479872
StatusActive

About 1248 Albany Ave

Here is a rare opportunity to purchase a two family house on a 20×100 lot with an adjoining 20×100 vacant lot (1244 Albany Avenue) bringing this to a 40×100 lot size. It is being sold as a package deal. This is an excellent opportunity to own an income producing property while having a ton of outdoor space and parking. The house is set up as a top floor two bedroom and one bath, the parlor floor is combined with the basement to create a two bedroom, two bath, owners duplex. This is a flexible layout that can easily be changed if needed. The house is in overall good shape and can be moved into. Use the rental income to offset the cost of your mortgage payment. The vacant lot next door is 20x100 and would be ideal as parking or a large yard. You are in an excellent location near shopping and transportation.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1920

Listing Office:

  • Office Name: Revived Residential

Interior Features

Interior Information:

  • Appliances: Refrigerator, Stove, Washer
  • Basement: Yes
  • Flooring Type: Carpeting, Hardwood, Laminate
  • Fireplace: Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 3

Exterior Features

Parking Information:

  • Parking: 6+ Spaces, Private Drive

Utilities

Utilities Information:

  • Heating: Steam, Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000

Tax Information:

  • Annual Amount: $3,848
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

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Brooklyn, NY

City

Med. Sold Price

$965.9K

Med. Price/SqFt

$689

Avg. Days On Market

101

# of Sold Homes

378

1248 Albany Ave vs Brooklyn

99 DAYS ON ROCKET

-2 Days

$899,000

-$66.9K Less

KEY TAKEAWAY

This property is $66.9K less than the Median Sold Price in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #479872

Listing Office:

  • Office Name: Revived Residential

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/23/2024, 12:55:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 07, 2011Home Sold
$202,800
Jun 18, 2007Home Sold
$420,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,848$27,420
2019$3,848$27,420
2018$3,469$17,196
2017$3,210$17,017

History based on county public records data.

Payment Calculator

$4,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,762

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-454845
6
/10

  • PS 208 Elsa Ebeling

  • 4801 Avenue D

  • 0.36 miles

  • Public District Grades PK-5

school-card-donut-454846
5
/10

  • PS 198

  • 4105 Farragut Rd

  • 0.42 miles

  • Public District Grades PK-5

school-card-donut-454847
3
/10

  • PS 361 East Flatbush Early Childhood School

  • 3109 Newkirk Ave

  • 0.51 miles

  • Public District Grades PK-2

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $96,875. Residents of Brooklyn, NY typically earn between $100k-200k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11203›1248 Albany Ave

This home is located at 1248 Albany Ave in Brooklyn, NY and zip code 11203 in the Farragut neighborhood. This home was built in 1920. Features: 3 bathrooms. It has been listed on Rocket Homes since February 13, 2024 and is currently priced at $899,000.

Over 25 listings were sold over their listed price in April 2024 in Brooklyn, NY. In the same period over 145 listings were sold below the listed price and 208 listings were sold for the listed price. The inventory of homes for sale in Brooklyn, NY between March 2024 and April 2024 increased by 0.1%. In April 2024, listings were on the market for 101 days. During the same period, the median list price in this real estate market was $965,912.

From Rocket Homes Real Estate and based on county public records data.

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