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Sold for $1,997,000
  • $1,997,000

    643 Morgan Ave, Brooklyn, NY 11222

    --beds
    2,559sqft
    Multi Family
    Built in 2005
    -- sqft lot
    $2,463,500 Zestimate®
    $780/sqft
    $7,308 Estimated rent

    Home value

    $2,463,500

    $2.14M - $2.81M

    $7,308/mo

    Zestimate® history
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    $7,308/mo

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    $11,908/mo

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    What's special

    Low maintenance modern buildingDryer machineSmall shops
    If you're looking for an investment that you can both live in and make money, then this for you. It offers the purchaser an excellent income potential in a low maintenance modern building. If you're considering buying a Condo that is about $2M, why not consider this 3 Family that potentially make you money without the wait of board approval or requirements. This 3-family property is perfect for a primary residence with two income producing units or as an investment property. Currently, all three units are being used as free market rentals. Built in 2005 - All units have been renovated with lots of upgrades. All units have an outdoor area. Building has coin operating washer and dryer machine for extra income. Tenants pay all their own utilities. Landlord pays for RE taxes, insurance, water/sewer and common utilities for laundry/hallway/areas, etc. Income: $3350 per month / $40,200 annual - 1st Floor duplex with basement - 3 Bedrooms and 2 Bathrooms with a back yard. $3100 per month / $37,200 annual - 2nd Floor - 3 Bedrooms and 2 Bathrooms with back outdoor balcony. $4000 per month/ $48,000 annual - 3rd Floor duplex with 4th floor - 4 Bedrooms and 2 Bathrooms with a huge outdoor terrace. $100 per month / $1,200 annual - Garage (potential garage rent is $400 to $450 per month) Total Annual Income: $126,600 Located in Greenpoint Brooklyn NY in close proximity to McGolrick Park, small shops, restaurants, transportation, etc... Please note that all showings are by appointments only because all units are currently tenants occupied. For more information, please contact DiTommaso Realty for more information and showing appointment. Thank you!

    Zillow last checked:

    Listing updated:

    Listed by:

    Dawn M. Eugenio 347-236-8294,

    DiTommaso Real Estate

    Source: BNYMLS,MLS#: 477592MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 6
    • Full bathrooms: 5
    • 3/4 bathrooms: 1
    Heating
    • Natural Gas, Hot Water
    Appliances
    • Included: Gas Water Heater
    Features
    • Flooring: Other
    • Basement: Full
    Interior area
    • Total structure area: 2,559
    • Total interior livable area: 2,559 sqft

    Property

    Parking
    • Parking features: Street, Other
    • Has uncovered spaces: Yes
    Features
    • Stories: 4
    • Patio & porch: Deck
    • Exterior features: Patio Garden
    Lot
    • Size: 1,123 sqft
    • Dimensions: 24x46
    • Features: Back Yard
    Details
    • Foundation area: 828
    • Parcel number: 026590134
    • Zoning: R6B
    • Special conditions: Arm's Length

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Brick, Masonry
    • Foundation: Concrete Perimeter
    • Roof: Flat
    Condition
    • Year built: 2005

    Utilities & green energy

    • Electric: 220 Volts

    Community & neighborhood

    Location
    • Region: Brooklyn
    • Subdivision: Brooklyn

    Price history

    DateEventPrice
    2/27/2024Sold$1,997,000-4.4%$780/sqft
    Source: BNYMLS #477592 Report a problem
    12/20/2023Pending sale$2,088,000$816/sqft
    Source: BNYMLS #477592 Report a problem
    11/13/2023Price change$2,088,000+4.5%$816/sqft
    Source: SIBOR #1164980 Report a problem
    10/18/2023Listed for sale$1,999,000-0.1%$781/sqft
    Source: SIBOR #1164980 Report a problem
    8/24/2023Listing removed--
    Source: StreetEasy Report a problem
    4/3/2023Listed for sale$2,000,000+92.3%$782/sqft
    Source: StreetEasy #22360207 Report a problem
    8/7/2013Sold$1,040,000$406/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,089 -0.5%$171,900 +26.6%
    2024$11,140 $135,780 -6.5%
    2023-- $145,200 +22.2%
    2022-- $118,860 +13.7%
    2021-- $104,580 +3.3%
    2020$9,857 +0.8%$101,220
    2019$9,783 +7.3%$101,220 +132.1%
    2018$9,121 +8.8%$43,603 +6%
    2017$8,386 +529.7%$41,136 +6%
    2016$1,332 $38,808
    2015$1,332 +43.2%$38,808 +0.8%
    2014$930 $38,516 +6%
    2013-- $36,336 +6%
    2012-- $34,280 +6%
    2011-- $32,340 -17.2%
    2010-- $39,060 +4.4%
    2009-- $37,415 +6%
    2008-- $35,298 +6%
    2007-- $33,300 -1.1%
    2006-- $33,672

    Find assessor info on the county website

    Neighborhood: Greenpoint

    Nearby schools

    GreatSchools rating