347 Jefferson Ave, Brooklyn, NY 11221

347 Jefferson Ave, Brooklyn, NY 11221

7 beds-- baths2,992 sqft

Sold: $1,200,000
Sold on 01/29/14
Zestimate®: $1,182,573
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My Notes

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347 Jefferson is a 3,000 square foot four family with generous upside for the lucky investor. The building is configured as floor though apartments each with a full kitchen and bath. Zoned as a four family the building already has a sprinkler system installed. The roof was resealed in the last few years. Three leases are month to month. One lease is through February 2014.Jefferson Avenue is one of Stuyvesant Heights most coveted blocks, and the surrounding area is row after row of two and three story exquisitely designed townhouses set upon broad tree lined streets. Developed between 1870 and 1920, Stuyvesant Heights is an almost exclusively residential neighborhood with small businesses and shops serving the community. Transportation is easy with the Express A Train at the Nostrand stop. Pro Forma income is approximately $72,000 a year with operating expenses of $7,000 annually and real estate taxes for 2013/2014 of just over $6,000.  More Less 

Facts

  • Lot: 1,525 sqft
  • Multi Family
  • Built in 1905
  • Last sold: Jan 2014 for $1,200,000
  • Price/sqft: $401

Additional Features

  • Total Floors \ 3, Borough \ Brooklyn, Block Number \ 1830, Lot Number \ 78, Total Charges \ 0

Construction

  • Roof type: Other
  • # Stories: 3.0
  • Structure type: Other
  • Unit count: 4

Other

  • Floor size: 2,992 sqft
  • Last remodel year: 1905
  • Lot depth: 80
  • Lot width: 19
  • Parcel #: 018300078
  • Zillow Home ID: 30609966

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$1,182,573
+$20,057 Last 30 days
$1.04M
$1.34M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,657/mo
+$85 Last 30 days
$1.9K
$3.7K
Zestimate range

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68 forecasted views of this home
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Neighborhood

Market guide

Zillow predicts 11221 home values will increase 15.1% next year, compared to a 3.7% increase for New York as a whole. Among 11221 homes, this home is valued 65.1% more than the midpoint (median) home, and is valued 0.3% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 11221, the number of foreclosures waiting to be sold is 876.1% higher than in New York, and 131.2% higher than the national average. This higher local number may prevent 11221 home values from rising as quickly as other regions in New York.

Learn more about forecast calculations or 11221 home values.
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    Nearby Schools in New York

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org

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