5 months on rocket

2877 W 20th St, Brooklyn, NY, 11224

$1,350,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
8 Full Baths
2,200 SqFt
$614/SqFt
Multi

Location

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2877 W 20th St, Brooklyn$1,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone, None
HeatingSteam, Natural Gas
CoolingOther
FireplaceStove, Other
MLS #482462
StatusActive

About 2877 W 20th St

Coney Island Brick 8 family Fully renovated 8 Units / 2 one bedrooms / 6 studios. stabilized units- Includes 8 Units. All units are fully occupied and pay monthly. There is separate gas and electric meters. There is plenty of upsides in rental increases. Current Monthly income $ 11,461.00 Yearly $ 137,532.00 Income Gross Expense $ 28,568.00 CURRENT CAP RATE 7% huge backyard with additional room to build guest room! New roof, Sprinkler system, Gas Boiler (Recently Converted to gas from Oil) Stairways & many apartments are modernize & updated! 20 ft x 117.58 ft Building size 20 ft x 55 ft R5 zoning! Just unpack & collect rent! Actual Financials: current DHCR Fully occupy with projected 7% Cap Rate / Separate gas and electric meters for each unit. Huge backyard! Few minutes away -Near train, shopping off Neptune Avenue as well as the beach! Very well-maintained building with no violation! DHCR available - all tenant are CURRENT & pays on time

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Stories: 3
  • Living Area: 2,200 SqFt

Listing Office:

  • Office Name: BRP Associates Inc

Interior Features

Interior Information:

  • Appliances: Stove, Other
  • Flooring Type: Hardwood, Linoleum
  • Fireplace: Stove, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Other

Parking Information:

  • Attached Garage: No
  • Parking: None, None

Utilities

Utilities Information:

  • Heating: Steam, Natural Gas
  • Cooling: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,350,000
  • Price Per SqFt: $614/SqFt

Tax Information:

  • Annual Amount: $9,295
  • 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

$984.4K

Med. Price/SqFt

$696

Avg. Days On Market

97

# of Sold Homes

436

2877 W 20th St vs Brooklyn

175 DAYS ON ROCKET

+78 Days

$1,350,000

+$365.5K More

$614/SqFt

-$83 Less

KEY TAKEAWAY

This property is $365.5K more than the Median Sold Price and $83/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #482462

Listing Office:

  • Office Name: BRP Associates Inc

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: 11/21/2024, 6:20:47 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

Oct 23, 2013Home Sold
$380,000

Tax History

YEARPROP. TAXASSESSMENT
2020$9,295$199,800
2019$9,294$228,600
2018$8,504$69,002
2017$7,981$66,857

History based on county public records data.

Payment Calculator

$6,805

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,114

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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-383581
5
/10

  • P.S. 90 Edna Cohen School

  • 2840 W 12th St

  • 0.36 miles

  • Public Magnet Grades PK-5

school-card-donut-383582
2
/10

  • P.S. 329 Surfside School

  • 2929 W 30th St

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-383583
3
/10

  • P.S. 188 Michael E. Berdy School

  • 3314 Neptune Ave

  • 0.73 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,508. Typical income of Brooklyn, NY residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11224›2877 W 20th St

This home is located at 2877 W 20th St in Brooklyn, NY and zip code 11224 in the Coney Island neighborhood. Features: 2 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $1,350,000.

Over 50 listings were sold over their listed price in October 2024 in Brooklyn, NY. In the same period over 169 listings were sold below the listed price and 217 listings were sold for the listed price. Between September 2024 and October 2024, Brooklyn, NY real estate market has seen increase in the number of listings by 0.1%. Listings spent 97 days on the market in October 2024, and had a median list price of $984,431 during the same period.

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

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