$387,000
Updated 4 years ago
Sold

1109 Banner Ave, 1-A

Brighton Beach, Brooklyn | East 11th Street & East 12th Street

3 Rooms2 Beds1 Bath770 Square FeetCondo

$387,000
Common Charges$280
RE Taxes$249
Price Per SF
$503

This property was sold for $387,000 on 04/13/22.

Listing Features

  • Abundant Closets
  • Ground Floor
  • Recessed Lighting
  • Washer / Dryer
  • Dishwasher
  • Open Kitchen

Outdoor space and views

  • Frontyard
  • North Exposure

Building Amenities

  • Voice Intercom

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 1109 Banner Ave, 1-A

Best Investment Opportunity with potential 4.7% Return On Investment, Plus potential real estate price-increase every year! Save yourself from inflation and buy this perfect starter home! Common charge: 280/m Tax: 2987/y Total expense: 6,347/y Potential Rent roll: 2100x12=25,200 Net income: 18,853 Return on Investment: 4.7% 2 Bedroom Condo in Brighton Beach, Brooklyn situated on the first floor with a front yard. This condo features a large, open-space living room, with an open kitchen including a dishwasher, full bath, washer, and dryer. Just off the living room there is a full-sized bright bedroom with a large closet. Many windows provide an abundance of natural light throughout the apartment. The unit has low taxes (lower than last year) and monthly common charges. Your new home is conveniently located near public transportation (B/Q trains), shopping stores, restaurants, beautiful Emmons Avenue Promenade, Manhattan Beach and Brighton Beach. Why rent if you can own?

Listing History for 1109 Banner Ave, 1-A

Now
04/17/2022
$387,000
Sold and Closed by Alexander Gurevich
eXp Realty BKNY
03/03/2022
Contract Signed by Alexander Gurevich
eXp Realty BKNY

Building Details for 1109 Banner Ave

OwnershipCondo
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built1992
Financing Allowed90%
Floors/Apts1/12
Learn More About the Building

Transit and Citi Bike

Subway

Sheepshead Bay
0.32 miles
Brighton Beach
0.44 miles

Contact Agent

Contact Agent

Alexander Gurevich
eXp Realty BKNY

Brighton Beach | Brooklyn

Quick Profile

Once known by the nickname “Little Odessa,” due to the large number of Russians and eastern Europeans that settled in the area, Brighton Beach is a delightful seaside town that has a lot to offer its residents. Take a walk through Brighton Beach and find a plethora of traditional ethnic restaurants offering Russian cuisine, as well as food markets where you can find the specialized ingredients to prepare these dishes in your own kitchen.

Brighton Beach provides a much calmer beach and boardwalk experience than nearby Coney Island, and you will find more locals than tourists at the locally owned markets, shops, attractions, and even at the ritzy nightclubs. The area was originally developed as a refuge for the wealthy, so they could flee the heat of the NYC streets. There were luxury hotels and even a racetrack at one time.

Now the area is filled with large apartment buildings, many offering ocean or boardwalk views. The area was immortalized by Neil Simon in his play, Brighton Beach Memoirs. If you walk through the neighborhood, you might get the feeling that you have been transported back to the New York of the 1930s, as the appearance of the neighborhood hasn’t changed all that much in the intervening years.

Living at or near the beach, which is free to the public, offers many opportunities for both relaxation and entertainment. City dwellers are rediscovering this little oceanside gem and are moving into the area in search of affordable housing and a more laid back pace of living. Although it might seem very far from the chaos and noise of Manhattan, there are two subways that make for an easy commute, so it is possible to work in the City and live at the beach.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1873744