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Sold for $1,195,000
  • $1,195,000

    386 E 31st St, Brooklyn, NY 11226

    8beds
    3,135sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $1,226,000 Zestimate®
    $381/sqft
    $3,322 Estimated rent

    Home value

    $1,226,000

    $1.10M - $1.36M

    $3,322/mo

    Zestimate® history
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    $3,322/mo

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    $3,322/mo

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    $7,064/mo

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    $7,064/mo

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    What's special

    Prime Flatbush Gem - Ideal 4-Family Brick Home Used as a 3-Family with Investment Potential! Welcome to the heart of the vibrant Flatbush neighborhood! This magnificent 3-story, 4-family brick home with a full basement, expansive yard, and parking is strategically located near Nostrand Ave. This versatile property is a haven for both savvy investors and owner-occupiers alike, offering a myriad of possibilities. The first level of the property is legally 2 apartments (as per the C of O) but was combined to make one spacious unit. The versatile layout is spread across three spacious stories, and boasts three separate units, providing excellent rental income potential. Whether you're looking to keep all three units for maximum rental returns or live in one unit while renting out the others, this property caters to your investment strategy. Situated on a 23' x 100' lot with R6 zoning, there's an additional 2,400+/- square footage (based on FAR) of buildable space, offering future expansion opportunities. The full basement with high ceilings opens up a world of possibilities, making it an ideal space for additional living areas or storage. The convenient location allows you to enjoy being just moments away from diverse dining and retail establishments along Nostrand Ave and Ave D. Effortless transportation options include bus service steps away on Ave D. This property will be delivered vacant, providing you with a clean slate to envision and execute your vision seamlessly. Don't miss out on this exceptional real estate opportunity that combines prime location, investment potential, and a spacious layout. Schedule a viewing today and step into the future of Flatbush living!

    Zillow last checked:

    Listing updated:

    Listed by:

    Gamal Hasan (718) 768-4500,

    Bellmarc

    Source: BNYMLS,MLS#: 480202MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas, Steam/Radiator
    Appliances
    • Included: Refrigerator, Stove, Gas Water Heater
    Features
    • Flooring: Ceramic Tile, Hardwood
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 3,135
    • Total interior livable area: 3,135 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Shared Drive, 2 Spaces
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 2,333 Square Feet
    • Dimensions: 23x100
    • Features: Back Yard, Front Yard
    Details
    • Foundation area: 1045
    • Parcel number: 049470042
    • Zoning: R6
    • Special conditions: Arm's Length

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Brick
    • Foundation: Stone
    • Roof: Flat
    Condition
    • Year built: 1920

    Utilities & green energy

    • Electric: Circuit Breakers

    Community & HOA

    Community
    • Subdivision: Brooklyn
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $381/sqft
    • Tax assessed value: $1,021,000
    • Annual tax amount: $7,437
    • Date on market: 2/29/2024
    • Cumulative days on market: 92 days

    Price history

    DateEventPrice
    9/24/2024Sold$1,195,000$381/sqft
    Source: BNYMLS #480202 Report a problem
    5/31/2024Pending sale$1,195,000$381/sqft
    Source: BNYMLS #480202 Report a problem
    2/29/2024Listed for sale$1,195,000$381/sqft
    Source: BNYMLS #480202 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,476 +4.7%$61,260 +4.6%
    2024$8,094 $58,560 -9%
    2023-- $64,380 +22.2%
    2022-- $52,680 +2.1%
    2021-- $51,600 +7%
    2020$7,239 +6.3%$48,240
    2019$6,812 +16.5%$48,240 +62.6%
    2015$5,845 +72.7%$29,664 +6%
    2014$3,385 $27,986 +6%
    2013-- $26,403
    2012-- $26,403 +0.8%
    2011-- $26,203 +6%
    2010-- $24,720 +6%
    2009-- $23,322 +6%
    2008-- $22,003
    2007-- $22,003 +0.8%
    2006-- $21,836 +6%
    2005-- $20,600 +6%
    2004-- $19,435 +6%
    2003-- $18,336
    2002-- $18,336 +0.8%
    2001-- $18,197 +6%
    2000-- $17,167
    Find assessor info on the county website

    Neighborhood: Flatbush

    Nearby schools

    GreatSchools rating