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225 Spencer Street

225 Spencer Street, Brooklyn, NY 11205
This has been categorized as a vacant property type. The linear feet across the front of the lot is 200 ft and the linear feet between the front and back of the lot is 500. In total, the area measurement of the land is 1,000 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 225 Spencer Street sold most recently in Apr 28, 2017 for a total of $2,300,000. Before that, the property was also sold for $70,000 in Mar 29, 2007. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,675 in taxes each year. 225 Spencer Street was most recently assessed in 2018. During this assessment, the property's total value was estimated to be about $24,300. If we break it down further, the land itself was valued at $24,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,000
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 200
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Land Acres: 0.023
  • Standard Land Use Code: Vacant land (general)

Ownership

  • Current Owner : 223 SPENCER LLC
  • Previous Owner : SDR LLC
  • Owner Before Previous Owner: MIDDLELAND INC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: New York City Department Of Education
  • School Tax School District: BROOKLYN
  • Census Tract: 024100

Zoning

  • Zoning: R7A

Geography

  • Account Number: 3-01763-0001
  • District: 10
  • Section: 609
  • Parcel: 01763-0001
  • Block: 1763
  • Lot: 1
  • Municipality: BEDFORD STUYVESANT
  • Latitude: 40.692
  • Longitude: -73.9544

    Address

  • Full Address: 225 Spencer St
  • Address - House Number: 225
  • Address - Street Name: Spencer
  • Address - Suffix Type: St
  • State: NY
  • City Name: Brooklyn
  • Carrier Code: C012
  • 4-Digit Zip Code: 4504
  • Zip Code: 11205

Valuation

    Tax

  • Tax Year: 2018
  • Tax Amount: $1,675

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $5,000,000
  • First Open Lien Mortgage Lender: BRACKLEY PROPERTIES 223 LLC
  • First Open Lien Mortgage Recording Date: Jan 18, 2018
  • First Open Lien Mortgage Loan Amount: $4,800,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Lender: BRACKLEY PROPERTIES 223 LLC
  • Second Open Lien Mortgage Recording Date: Jan 18, 2018
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $54,000
  • Market Land Value: $54,000

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $24,300
  • Assessed Land Value: $24,300

    Sales

  • Current Sale Contract Date: Apr 28, 2017
  • Current Sale Recording Date: May 15, 2017
  • Current Sale Transaction ID: 1811727100
  • Current Sale Price: $2,300,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017000183078
  • Previous Sale Recording Date: May 04, 2007
  • Previous Sale Contract Date: Mar 29, 2007
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CP CAPITAL II, LLC
  • First Mortgage Transaction Date: May 15, 2017
  • First Mortgage Loan Amount: $2,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Northern Brooklyn



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 225 Spencer Street located in?
The 225 Spencer Street is a located in the neighborhood of Bedford-Stuyvesant in Northern Brooklyn, Brooklyn.
What is the average sales price for listings in 225 Spencer Street?
The average sales price for units in 225 Spencer Street is $0 currently.

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