8 months on rocket

20 Terrace Pl, Brooklyn, NY, 11218

$8,000,000

36 Full Baths, 8 Partial
17,000 SqFt
$471/SqFt
Multi

Location

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Property Highlights

Home TypeMulti Family
ParkingParking Area, Other
HeatingHot Water, Natural Gas
CoolingNone
FireplaceNone
MLS #480670
StatusActive

About 20 Terrace Pl

• Impeccably Maintained 21 Family • All units are fully renovated and modernized – See video • Unit Mix – 8 2BR/2.5BA Duplex w/outdoor space 6 2BR/2BA 4 1BR/1BA 2 Studios 1 2BR/2.5 BA Penthouse with 2,000 SF Terrace • 13 Fair Market 8 Rent Stabilized • State of the Art Laundry Room for additional income • Outdoor Parking for approximately 20 vehicles • Recreation Room which can be used as additional Building Amenity • Prime Location.

Property Details

Property Features

Property Information:

  • Stories: 3
  • Living Area: 17,000 SqFt

Listing Office:

  • Office Name: MadisonEstates Sothebys Realty

Interior Features

Interior Information:

  • Appliances: None
  • Basement: No
  • Flooring Type: None
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 8
  • Full Bathrooms: 36

Exterior Features

Exterior Information:

  • Exterior: None

Parking Information:

  • Parking: Parking Area, Other

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,000,000
  • Price Per SqFt: $471/SqFt

Tax Information:

  • Annual Amount: $176,019
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$984.4K

Med. Price/SqFt

$696

Avg. Days On Market

97

# of Sold Homes

436

20 Terrace Pl vs Brooklyn

240 DAYS ON ROCKET

+143 Days

$8,000,000

+$7.0M More

$471/SqFt

-$226 Less

KEY TAKEAWAY

This property is $7.0M more than the Median Sold Price and $226/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #480670

Listing Office:

  • Office Name: MadisonEstates Sothebys Realty

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: 11/16/2024, 4:20:47 AM 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$176,019$1,675,350
2019$176,019$1,675,350
2018$114,666$1,407,600
2017$77,565$1,208,250

History based on county public records data.

Payment Calculator

$39.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$24K

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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-18989
6
/10
  • P.S. 130 The Parkside School

  • 70 Ocean Pkwy

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-18990
7
/10
  • P.S. 230 Doris L. Cohen School

  • 1 Albemarle Rd

  • 0.57 miles

  • Public District Grades KG-5

school-card-donut-18991
8
/10
  • Magnet School of Math, Science & Design Technology

  • 511 7th Ave

  • 0.60 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $91,274. The most common annual income of people living in Brooklyn, NY is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesNew YorkKings CountyBrooklyn1121820 Terrace Pl

This home is located at 20 Terrace Pl in Brooklyn, NY and zip code 11218 in the South Brooklyn neighborhood. Features: 44 bathrooms. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $8,000,000.

Brooklyn, NY housing market in October 2024 saw over 50 listings sold above listed price, more than 217 sold at listed price and over 169 sold below. The inventory of homes for sale in Brooklyn, NY between September 2024 and October 2024 increased by 0.1%. While the average time on the market in October 2024 was 97 days, the median list price was $984,431.

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

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