2 months on rocket

278 Essex St, Brooklyn, NY, 11208

$750,000

$691/SqFt
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
Year Built1901
MLS #486501
StatusActive

About 278 Essex St

East New York section of Brooklyn, New York. The property comprises two vacant lots, 50x104.67 (5,227 square feet), which are being offered as a package. The lots are in a great location and well-suited for residential and commercial use, presenting a flexible range of possibilities for investors and developers. The East New York section of Brooklyn is a rapidly evolving neighborhood that is an enticing prospect for those looking to capitalize on the area's growth potential.

Property Details

Property Features

Property Information:

  • Year Built: 1901
  • Stories: 2
  • Living Area: 1,085 SqFt

Listing Office:

  • Office Name: Vanguard R E Brokerage Group

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $691/SqFt

Tax Information:

  • Annual Amount: $1,675
  • 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

278 Essex St vs Brooklyn

79 DAYS ON ROCKET

-32 Days

$750,000

-$229.9K Less

$691/SqFt

-$11 Less

KEY TAKEAWAY

This property is $229.9K less than the Median Sold Price and $11/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #486501

Listing Office:

  • Office Name: Vanguard R E Brokerage Group

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: 12/22/2024, 9:20:49 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$1,675$27,660
2019$1,675$34,800
2018$1,374$8,686
2017$1,242$8,210

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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-933553
5
/10
  • P.S. 345 Patrolman Robert Bolden School

  • 111 Berriman St

  • 0.16 miles

  • Public District Grades KG-5

school-card-donut-933554
8
/10
  • P.S. 108 Sal Abbracciamento School

  • 200 Linwood St

  • 0.29 miles

  • Public District Grades PK-5

school-card-donut-933555
5
/10
  • P.S. 158 Warwick School

  • 400 Ashford St

  • 0.34 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,071. The majority of Brooklyn, NY residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 278 Essex St

What is the listing price of this property?

The listing price of 278 Essex St property is $750,000.

What type of property is this?

The property 278 Essex St is land located in Brooklyn, New York, 11208.

Is this property for sale now?

Active Listing: 278 Essex St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,675 (source: MLS/based on county public records data).
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Rocket HomesNew YorkKings CountyBrooklyn11208278 Essex St

This home is located at 278 Essex St in Brooklyn, NY and zip code 11208 in the East New York neighborhood. This 1,085 square foot home was built in 1901. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $750,000.

In November 2024, from all listings sold in Brooklyn, NY there were more than 28 sold above asking price, over 161 sold below and more than 196 were sold right at the asked price. The number of listings in Brooklyn, NY decreased by 10.5% between October 2024 and November 2024. The median list price of listings available in November 2024 was $979,913, while the average time on the real estate market was 111 days.

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

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