643 Morgan Avenue

2,559 Sq. Ft.
$780 / Sq. Ft.
2,559
Sq. Ft.
$780
per Sq. Ft.

Description

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...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. 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. $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. $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!
  1. Listed by Dawn M. Eugenio • DiTommaso Real Estate • Other

Amenities

  • Balcony
  • Private Terrace
  • Walk Up
  • Dryer
  • Washer
  • Laundry in Building
  • Air Conditioning
  • Street Parking
LISTING UPDATED: 02/28/2024 01:59 PM

Property Details for 643 Morgan Avenue

StatusSold
MLS ID477592
Days on Market65
Taxes$10,626 / year
Maintenance-
Min. Down Pymt-
Total Rooms19.0
Compass TypeTownhouse
MLS TypeMultiFamily
Year Built2005
Lot Size1,123 SF / 24' x 47'
CountyKings County

Building

643 Morgan Ave

3 Units3 StoriesBuilt in 2005
Add your commute

Building Information for 643 Morgan Avenue

Stories3Residences3Year Built2005Building Size18.23' x 46.18'Building Sq. Ft2,525.58 SFLot Size1,123 SF / 24' x 47'Building Age-Building Type-

Payment Calculator

$10,619 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,733

Property Taxes

$886

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 643 Morgan Avenue

Summary
Location and General Information
  • Block: 2659
  • Cross Street Name: Nassau Ave
  • Cross Street Name: Norman Ave
  • Zoning: R6B
  • Roof: Flat
  • Residential Features: Deck, Patio Garden, Other
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 10626.0
  • Gross Income: $126,000.00
  • Miscellaneous Expense: 16676.0
Property
Lot Information
  • Sq Ft Total: 2559
  • Yard: Back
  • Lot Number: 134
  • Lot Size Irregular YN: No
  • Lot Size Length: 46
  • Lot Size Width: 24
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Baths Three Quarter: 1.0
  • Foundation Details: Poured Concrete
  • Flooring: Other
  • Unit Count: 3
  • Building Amenities: NONE
  • Construction Materials: Masonry
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 828.0
  • Building Length: 46.0
  • Building Type: Attached
  • Building Width: 18.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 1.0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 3350.0
  • Unit Floor: 1
  • Unit Rooms Total: 5
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 2
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 3100.0
  • Unit Floor: 2
  • Unit Rooms Total: 5
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 3
  • Unit Baths Full: 2
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 4
  • Unit Category: Apt
  • Unit Current Rent: 4000.0
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 4+ Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
  • Selling Agent MUI: 1959072.0
Rental
Rental Information
  • Owner Occupied: No

Property History for 643 Morgan Avenue

DateEvent & SourcePriceAppreciationLink
Feb 27, 2024

Sold

BKMLS #477592

$1,997,000
Feb 27, 2024

Contract Signed

BKMLS #477592

Feb 26, 2024

Sold (Public Record)

ACRIS #2024030100505001

$1,997,000

+6.3% / yr

Nov 13, 2023

Price Change

BKMLS #477592

$2,088,000
Nov 13, 2023

Price Change

BKMLS #477592

$1,997,000
Oct 16, 2023

Listed (Active)

BKMLS #477592

$1,999,000
Aug 23, 2023

Temporarily Off Market

RLS RESO #RLS10881191

$2,000,000
Mar 27, 2023

Listed (Active)

RLS RESO #RLS10881191

$2,000,000
Jun 27, 2013

Sold (Public Record)

ACRIS #2013071900421001

$1,040,000
DateEvent & SourcePrice
02/27/2024

Sold

BKMLS #477592

$1,997,000
02/27/2024

Contract Signed

BKMLS #477592

02/26/2024

Sold (Public Record)

ACRIS #2024030100505001

$1,997,000

+6.3% / yr

11/13/2023

Price Change

BKMLS #477592

$2,088,000
11/13/2023

Price Change

BKMLS #477592

$1,997,000
10/16/2023

Listed (Active)

BKMLS #477592

$1,999,000
08/23/2023

Temporarily Off Market

RLS RESO #RLS10881191

$2,000,000
03/27/2023

Listed (Active)

RLS RESO #RLS10881191

$2,000,000
06/27/2013

Sold (Public Record)

ACRIS #2013071900421001

$1,040,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 643 Morgan Avenue

Taxable ValueLand$9,840Additions$139,860Total$149,700
Home Facts
Total Finished SqFt2,559 SqFtLot Size1,123 SqFtYear Built2005ZoningR6BAPN3026590134

Schools near 643 Morgan Avenue

This home is within New York City Geographic District #14.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 110 The Monitor
PublicPK to 5

John Ericsson Middle School 126
Public6 to 8

A-Tech High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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Listing Courtesy of DiTommaso Real Estate

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