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Sold for $1,250,000
  • $1,250,000

    197 31st St, Brooklyn, NY 11232

    5beds
    2,520sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $2,141,700 Zestimate®
    $496/sqft
    $3,007 Estimated rent

    Home value

    $2,141,700

    $1.88M - $2.44M

    $3,007/mo

    Zestimate® history
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    What's special

    Finished basementNew foundation wallReplaced hot water heaterWeil mclain boilerUpdated electrical outletsHigh ceilingsExcellent storage
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Steven Monterosso 917-971-9417,

    DiTommaso Real Estate

    Source: BNYMLS,MLS#: 488115MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas, Hot Water, Steam/Radiator
    Appliances
    • Included: Refrigerator, Gas Water Heater
    Features
    • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Other
    • Basement: Finished,Full,Separate Entrance,Walk-in
    Interior area
    • Total structure area: 2,520
    • Total interior livable area: 2,520 sqft

    Property

    Parking
    • Parking features: Street, None
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Fencing: Full
    Lot
    • Size: 2,000 sqft
    • Dimensions: 20x100
    • Features: Back Yard, Front Yard, Irregular Lot
    Details
    • Foundation area: 840
    • Parcel number: 006730049
    • Zoning: R6B
    • Special conditions: Arm's Length

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Brick
    • Foundation: Block
    • Roof: Shingle
    Condition
    • Year built: 1930

    Utilities & green energy

    • Electric: 200 Amp

    Community & neighborhood

    Location
    • Region: Brooklyn
    • Subdivision: Brooklyn

    Price history

    DateEventPrice
    3/27/2025Sold$1,250,000-9.3%$496/sqft
    Source: BNYMLS #488115 Report a problem
    2/13/2025Pending sale$1,378,197$547/sqft
    Source: BNYMLS #488115 Report a problem
    12/17/2024Listed for sale$1,378,197$547/sqft
    Source: BNYMLS #488115 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,810 +4.7%$121,680 +11.8%
    2024$7,458 $108,840 +6.6%
    2023-- $102,060 +13.8%
    2022-- $89,700 +0.8%
    2021-- $88,980 -17.5%
    2020$5,674 +7.4%$107,880 +19%
    2019$5,281 -13.5%$90,660 +210.5%
    2018$6,108 +2.6%$29,196
    2017$5,952 +26%$29,196 +2.5%
    2016$4,722 $28,483 +4.2%
    2015$4,722 +74.7%$27,333 +6%
    2014$2,702 $25,786 +6%
    2013-- $24,330
    2012-- $24,330 +2.5%
    2011-- $23,736 +4.2%
    2010-- $22,778 +6%
    2009-- $21,489 +6%
    2008-- $20,275
    2007-- $20,275 +2.5%
    2006-- $19,780 +4.2%
    2005-- $18,982 +6%
    2004-- $17,908 +6%
    2003-- $16,896
    2002-- $16,896 +2.5%
    2001-- $16,484 +4.2%
    2000-- $15,819

    Find assessor info on the county website

    Neighborhood: Greenwood

    Nearby schools

    GreatSchools rating