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Off market
  • $1,647,100

    541 Marcy Ave, Brooklyn, NY 11206

    10beds
    3,750sqft
    MultiFamily
    Built in 1931
    -- sqft lot
    $1,647,100 Zestimate®
    $439/sqft
    $5,271 Estimated rent

    Home value

    $1,647,100

    $1.32M - $2.04M

    $5,271/mo

    Zestimate® history
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    $5,271/mo

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    Rent Zestimate®

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    $9,965/mo

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    $9,965/mo

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    What's special

    Summary: Subject property is a mixed-use property in Bedford-Stuyvesant neighborhood of Brooklyn. Property consists of two commercial units and four residential units. Property consists a total of 5,622 buildable square feet. Prime Location: This mixed use building in Bedford-Stuyvesant, presents a prime investment opportunity. Bedford-Stuyvesant is well-known for its historic charm, cultural vibrancy, and it's convenient location near downtown Brooklyn and Manhattan, making it an enticing choice for residents and savvy investors alike. Appreciation Potential: In recent years, property values in Bedford-Stuyvesant have shown remarkable appreciation. This property presents a valuable opportunity to align with the neighborhood's thriving growth and the rising demand for value-add opportunities. Excellent Connectivity: Located in Bedford-Stuyvesant, the property provides excellent connectivity to subway access, which simplifies residents' commutes to Manhattan and various Brooklyn destinations. Convenient transportation options, such as the Myrtle-Willoughby Ave [G] Subway Station, are accessible within 500 feet. The Flushing Av [G] Subway station is just 0.21 miles away. These factors further enhance the property's appeal, making it an attractive option for potential tenants or buyers. This prime location amplifies the property's desirability and market potential. Proximity to Amenities: Residents and tenants will enjoy easy access to local amenities, including shops, restaurants, parks, and colleges. This property is conveniently located near St. Joseph's College (1.06 miles) and Long Island University - Brooklyn Campus (CUNY) (1.71 miles). Leisure activities are at Marcy Playground and the Red Gate Garden, both just 0.2 miles away. Some nearby shops are Sally's Fusion Restaurant, Home Depot, Food Bazaar, and McDonald's. There are also nearby gyms, including Vita Wellness Center and Brooklyn Stuy Dome Powered by Game Over. For entertainment, Soccer of Crown Heights is also close to the property.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    • Full bathrooms: 6
    Interior area
    • Total interior livable area: 3,750 sqft

    Property

    Lot
    • Size: 1,875 Square Feet
    Details
    • Parcel number: 017430006

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1931

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $439/sqft
    • Tax assessed value: $750,000
    • Annual tax amount: $9,639

    Price history

    DateEventPrice
    2/27/2024Listing removed$2,500,000$667/sqft
    Source: StreetEasy Report a problem
    2/1/2024Price change$2,500,000-7.4%$667/sqft
    Source: StreetEasy Report a problem
    11/7/2023Listed for sale$2,700,000+903.7%$720/sqft
    Source: StreetEasy Report a problem
    10/19/1999Sold$269,000+355.9%$72/sqft
    Source: Public Record Report a problem
    11/5/1998Sold$59,000$16/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,639 +2.7%$337,500 +20%
    2024$9,382 $281,340 +20%
    2023-- $234,450 +20%
    2022-- $195,300 +25%
    2021-- $156,195 +3%
    2020$7,435 +3.3%$151,650 +20%
    2019$7,200 $126,360 +136.3%
    2018-- $53,478 +8%
    2017$6,298 +6.6%$49,519 +8%
    2016$5,907 $45,852
    2015$5,907 +53.9%$45,852 +3.3%
    2014$3,838 $44,404
    Find assessor info on the county website

    Neighborhood: Bedford-Stuyvesant

    Nearby schools

    GreatSchools rating