289 Avenue South

289 Avenue South in Brooklyn, NY was first built in 1930 and is 94 years old. This has been categorized as a commercial property type. There are a total of 2 floors. The linear feet across the front of the lot is 203 ft and the linear feet between the front and back of the lot is 459. In total, the area measurement of the land is 880 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, 289 Avenue South sold most recently in Oct 8, 2017 for a total of $660,000. If you work out the math, that's approximately a cost of $515.63 per sqft. Before that, the property was also sold for $60,000 in Aug 7, 1996. 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 $5,276 in taxes each year. 289 Avenue South was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $57,780. If we break it down further, the land itself was valued at $9,960. Improvements to the property, however, were assessed at a total of $47,820. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.