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Sold for $1,300,000
  • $1,300,000

    487 E 93rd St, Brooklyn, NY 11212

    12beds
    3,000sqft
    MultiFamily
    Built in 1930
    -- sqft lot
    $1,156,600 Zestimate®
    $433/sqft
    $2,563 Estimated rent

    Home value

    $1,156,600

    $1.10M - $1.21M

    $2,563/mo

    Zestimate® history
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    $2,563/mo

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    $2,563/mo

    Rent Zestimate®

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    $8,102/mo

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    $8,102/mo

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    What's special

    INCREDIBLE INVESTMENT OPPORTUNITY!!! BROWNSVILLE ~ 5 UNIT MULTI-FAMILY ~FREE MARKET~FULLY OCCUPIED ~ BRICK WALL FACADE~DRIVEWAY~GARAGE~RENOVATED ~7% CAP RATE ~NOI ~GREAT INVESTMENT OPPORTUNITY * Every apartment in building has been fully renovated * Brand new boiler and plumbing throughout building * 7% capitalization rate at asking price Income: Residential $ 126,012 Effective Gross Income: $ 126,012 Expenses: Real Estate Taxes $ 9,457 Water & Sewer~$ 3,600 Insurance~$ 2,600 Fuel~$ 4,200 Electric~$ 750 Total Expenses:~$ 20,607 NOI: $ 105,405 RENT ROLL: PER MONTH UNIT 1F~$2040~ 2 BEDS/1 BATH UNIT 1R~ $1850~ 2 BEDS UNIT 2F~$2805~ 3 BEDS UNIT 2R~$1850~2 BEDS BASEMENT(GROUND FLOOR )~ $1956~ 3 BEDS $10,501 monthly $126,012.00 annually

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 5
    • Full bathrooms: 5
    Appliances
    • Included: Dryer, Refrigerator, Washer
    Interior area
    • Total interior livable area: 3,000 sqft

    Property

    Lot
    • Size: 3,000 Square Feet
    Details
    • Parcel number: 046900022
    • Lease amount: $0

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1930
    • Major remodel year: 0

    Utilities & green energy

    • Electric: Amps(0)

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $433/sqft
    • Tax assessed value: $442,000
    • Annual tax amount: $12,260

    Price history

    DateEventPrice
    7/6/2026Price change$1,150,000-4.2%$383/sqft
    Source: OneKey® MLS as distributed by MLS GRID #983544 Report a problem
    4/13/2026Listed for sale$1,200,000$400/sqft
    Source: OneKey® MLS as distributed by MLS GRID #983544 Report a problem
    10/30/2025Pending sale$1,200,000$400/sqft
    Source: OneKey® MLS as distributed by MLS GRID #853176 Report a problem
    9/17/2025Price change$1,200,000-6.9%$400/sqft
    Source: OneKey® MLS as distributed by MLS GRID #853176 Report a problem
    5/5/2025Price change$1,288,888-0.9%$430/sqft
    Source: OneKey® MLS as distributed by MLS GRID #853176 Report a problem
    3/28/2025Price change$1,299,999-3.7%$433/sqft
    Source: OneKey® MLS as distributed by MLS GRID #L3568800 Report a problem
    1/10/2025Price change$1,350,000+3.8%$450/sqft
    Source: StreetEasy #S1727290 Report a problem
    1/5/2025Price change$1,299,999-3.7%$433/sqft
    Source: StreetEasy #S1727290 Report a problem
    8/21/2024Price change$1,350,000-3.6%$450/sqft
    Source: StreetEasy #1727290 Report a problem
    7/22/2024Listed for sale$1,400,000+7.7%$467/sqft
    Source: StreetEasy #1727290 Report a problem
    4/4/2024Sold$1,300,000-11.9%$433/sqft
    Source: Public Record Report a problem
    12/14/2023Listing removed--
    Source: My State MLS #11203916 Report a problem
    9/18/2023Price change$1,475,000+13.5%$492/sqft
    Source: My State MLS #11203916 Report a problem
    9/3/2023Listed for sale$1,300,000-13.3%$433/sqft
    Source: My State MLS #11203916 Report a problem
    12/28/2022Listing removed--
    Source: StreetEasy Report a problem
    3/23/2022Price change$1,499,9990%$500/sqft
    Source: StreetEasy Report a problem
    3/9/2022Listed for sale$1,500,000+46.3%$500/sqft
    Source: StreetEasy Report a problem
    4/28/2020Listing removed$1,800$1/sqft
    Source: NEW FORTUNE REALTY #10729744 Report a problem
    3/5/2020Listed for rent$1,800$1/sqft
    Source: NEW FORTUNE REALTY #10729744 Report a problem
    9/4/2017Listing removed$1,025,000$342/sqft
    Source: Marcus & Millichap Report a problem
    6/6/2017Price change$1,025,000-2.4%$342/sqft
    Source: Marcus & Millichap Report a problem
    5/5/2017Price change$1,050,000-4.5%$350/sqft
    Source: Marcus & Millichap Report a problem
    4/21/2017Price change$1,100,000-12%$367/sqft
    Source: Marcus & Millichap Report a problem
    12/23/2015Listed for sale$1,250,000+78.8%$417/sqft
    Source: EPIC Commercial Realty Report a problem
    8/29/2013Listing removed$699,000+64.5%$233/sqft
    Source: Keller Williams Landmark II #2562817 Report a problem
    12/22/2011Sold$425,000-36%$142/sqft
    Source: Public Record Report a problem
    5/13/2010Sold$664,113+7.5%$221/sqft
    Source: Public Record Report a problem
    7/26/2007Sold$618,000$206/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,260 +7.5%$198,900 +5.5%
    2024$11,409 $188,550 +8.8%
    2023-- $173,250 -3.3%
    2022-- $179,100 +10.4%
    2021-- $162,225 +3%
    2020$9,457 +8%$157,500 +20%
    2019$8,756 $131,220 +92.3%
    2018-- $68,234 +8%
    2017$8,036 -1%$63,180 +0.3%
    2016$8,114 $62,985 +8%
    2015$8,114 +65.7%$58,320 +8%
    2014$4,896 $54,000 +2.9%
    2013-- $52,488 +8%
    2012-- $48,600 -12.7%
    2011-- $55,693
    2010-- $55,693 +3.3%
    2009-- $53,922 +7.9%
    2008-- $49,952 +8%
    2007-- $46,268 +8%
    2006-- $42,841
    2005-- $42,841 +3.3%
    2004-- $41,479 +7.9%
    2003-- $38,425 +8%
    2002-- $35,591 +8%
    2001-- $32,955
    2000-- $32,955
    Find assessor info on the county website

    Neighborhood: Brownsville

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Community District 18

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.