Exceptional turn-key investment opportunity in the heart of Bushwick, Brooklyn! Gut renovated 20x40 multifamily property sat on a 20x100 lot spread over 3 floors and a full finished basement featuring modern interiors, stainless steel appliances, energy-efficient upgrades and a massive private backyard. Prime location near trendy amenities and transportation. Proven rental success with strong income potential. Don't miss out on this turnkey investment in one of Brooklyn's most sought-after neighborhoods!
Property Details
Property Features
Property Information:
Living Area: 2,400 SqFt
Listing Office:
Office Name: Grandeur Realty, Inc.
Interior Features
Interior Information:
Appliances: Refrigerator, Stove
Basement: Yes
Flooring Type: Hardwood
Fireplace: Stove
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 8
Exterior Features
Parking Information:
Attached Garage: No
Parking: None, Street
Utilities
Utilities Information:
Heating: Baseboard, Natural Gas
Price Information
Listing Price Info
Price Summary:
List Price: $1,480,000
Price Per SqFt: $617/SqFt
Tax Information:
Annual Amount: $3,818
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Brooklyn, NY.
This property is $522.6K more than the Median Sold Price and $67/SqFt less than other homes in Brooklyn, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #479166
Listing Office:
Office Name: Grandeur Realty, Inc.
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.
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: 4/28/2024, 8:25:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 31, 2016
Oct 31, 2016Home Sold
$810,000
Mar 15, 2016
Mar 15, 2016Home Sold
$620,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,818
$70,980
2019
$3,817
$84,420
2018
$3,358
$16,056
2017
$3,104
$15,758
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,454
Per Month
Principal & Interest
$7,387
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,504
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
PS 299 Thomas Warren Field School
88 Woodbine St
Distance between this listing and this school0.40 miles
Public District Grades PK-5
3
/10
PS 106 Edward Everett Hale
1328 Putnam Ave
Distance between this listing and this school0.46 miles
Public District Grades PK-5
8
/10
Brooklyn Landmark Elementary School
251 Macdougal St
Distance between this listing and this school0.47 miles
Public District Grades PK-2
Nearby Schools
5
/10
PS 45 Horace E Greene
84 Schaefer St
Distance between this listing and this school0.12 miles
Public District Grades PK-8
5
/10
Evergreen Middle School For Urban Exploration
125 Covert St
Distance between this listing and this school0.17 miles
Public District Grades 6-7
5
/10
PS/Intermediate School 137 Rachael Jean Mitchell
121 Saratoga Ave
Distance between this listing and this school0.40 miles
Public District Grades PK-8
Nearby Schools
3
/10
Brooklyn High School For Law and Technology
1396 Broadway
Distance between this listing and this school0.45 miles
Public District Grades 9-12
5
/10
Math, Engineering and Science Academy Charter High School
231 Palmetto St
Distance between this listing and this school0.61 miles
Public Charter Grades 9-9
1
/10
Bushwick Community High School
231 Palmetto St
Distance between this listing and this school0.61 miles
The neighbors living near this home have an average income of $30,465. Residents of Brooklyn, NY typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 78 Eldert St in Brooklyn, NY and zip code 11207 in the Bushwick neighborhood. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 11, 2024 and is currently priced at $1,480,000.
Brooklyn, NY housing market in March 2024 saw over 39 listings sold above listed price, more than 179 sold at listed price and over 151 sold below. Between February 2024 and March 2024, Brooklyn, NY real estate market has seen increase in the number of listings by 0.8%. In March 2024, listings were on the market for 97 days. During the same period, the median list price in this real estate market was $957,365.
From Rocket Homes Real Estate and based on county public records data.