new - 8 hours on rocket

197 31st St, Brooklyn, NY, 11232

$1,378,197

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
2,520 SqFt
$547/SqFt
Multi

Location

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197 31st St, Brooklyn$1,378,197

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone, Street
Year Built1930
HeatingHot Water, Steam, Natural Gas
BasementYes
MLS #488115
StatusActive

About 197 31st St

Sunset Park / Park Slope: Welcome to an exceptional opportunity to own a spacious, move-in-ready 2-family home in a highly sought-after neighborhood. This property offers 3 levels with exact footprint which entails 2,520 sqft of generous living space across three stories on 2,000 sqft lot. Separate street level entry to finished basement. Built in 1930, the home features a 2 bedroom, 1 bath units on the first and second levels. The property has been well-maintained and updated, with updated roof, new skylights / flashing, stainless steel door hatch on the roof. The home boasts refinished hardwood floors, updated electrical outlets. Other upgrades include a Weil McLain boiler, replaced hot water heater, updated plumbing in the top-floor bathroom, new granite front stoop and yard steps, new front door, and an Acorn stairlift. The finished basement is equipped with high ceilings and offers excellent storage or additional space. Recent updates also include a new foundation wall in the yard and updated electric meters and circuit breaker box. Located just minutes from 8th Avenue, with easy access to the N & R subway lines and the Belt Parkway, this home offers convenient commuting to both Brooklyn and Manhattan. With R6B zoning, this property presents fantastic potential for investors or owner-occupants looking to generate rental income or create their dream home. Don’t miss this incredible opportunity in one of Brooklyn’s most vibrant neighborhoods!

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 2
  • Living Area: 2,520 SqFt

Listing Office:

  • Office Name: DiTommaso Real Estate

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes
  • Flooring Type: Carpeting, Ceramic, Hardwood, Laminate, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None, Street

Utilities

Utilities Information:

  • Heating: Hot Water, Steam, Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,378,197
  • Price Per SqFt: $547/SqFt

Tax Information:

  • Annual Amount: $5,674
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$979.9K

Med. Price/SqFt

$701

Avg. Days On Market

111

# of Sold Homes

385

197 31st St vs Brooklyn

1 DAY ON ROCKET

-110 Days

$1,378,197

+$398.2K More

$547/SqFt

-$155 Less

KEY TAKEAWAY

This property is $398.2K more than the Median Sold Price and $155/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #488115

Listing Office:

  • Office Name: DiTommaso Real Estate

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: 12/17/2024, 11:55:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,674$107,880
2019$5,674$107,880
2018$4,953$29,196
2017$4,722$29,196

History based on county public records data.

Payment Calculator

$6,946

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,198

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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-4292603
3
/10
  • P.S. 399 Stanley Eugene Clark School

  • 2707 Albemarle Rd

  • 0.27 miles

  • Public District Grades KG-5

school-card-donut-4292604
4
/10
  • Norma Adams Clemons Academy

  • 43 Snyder Ave

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-4292605
9
/10
  • Success Academy Charter School-Flatbush

  • 15 Snyder Ave

  • 0.55 miles

  • Public Charter Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,580. The most common annual income of people living in Brooklyn, NY is less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesNew YorkKings CountyBrooklyn11232197 31st St

This home is located at 197 31st St in Brooklyn, NY and zip code 11232 in the Flatbush neighborhood. This 2,520 square foot home was built in 1930. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $1,378,197.

Over 28 listings were sold over their listed price in November 2024 in Brooklyn, NY. In the same period over 161 listings were sold below the listed price and 196 listings were sold for the listed price. The number of homes for sale in Brooklyn, NY decreased by 10.5% between October 2024 and November 2024. In November 2024, listings were on the market for 111 days. During the same period, the median list price in this real estate market was $979,913.

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

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