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116 Willoughby Ave
Score
0
Brooklyn, NY

116 Willoughby Ave

3.6M
5 bd • 4 ba • 3,224 sf

This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$3,600,000

Price/Sq.Ft

$1,117

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Sizeable living space: With 3,224 square feet, this house offers ample living space for a family or those who desire room to spread out. • Multiple bedrooms and bathrooms: The 5-bedroom, 4-bathroom layout provides flexibility for families or those who need guest rooms or home office space. • Prime Brooklyn location: Situated on Willoughby Ave in Brooklyn, the property benefits from its proximity to cultural attractions, dining, shopping, and transportation options. • Potential for customization: The lack of detailed property features and description suggests an opportunity for buyers to personalize and upgrade the home to their tastes.

The Bad

• Unknown year built: Without knowing the age of the property, it's difficult to assess potential maintenance needs and structural integrity. Older homes may require costly repairs or upgrades to meet modern standards. • No property features listed: The absence of property features makes it challenging to compare this listing to similar homes in the area. Key details like parking, outdoor space, and appliance quality are missing. • No property description: The lack of a detailed description leaves potential buyers in the dark about the home's layout, condition, and unique selling points. This may deter some buyers from pursuing the listing further. • High price per square foot: The price per square foot of $1116.63 is relatively high, suggesting that the property may be overpriced compared to similar homes in the area. Further analysis is needed to determine if the price is justified.

The Ugly

• High listing price: At $3,600,000, this property represents a significant financial investment. Buyers should carefully consider their budget and financing options. • Potential for hidden issues: Without a property description or known year built, there's a risk of encountering unexpected problems or costly repairs after purchase. A thorough inspection is essential to mitigate this risk. • High property taxes: Brooklyn is known for its high property taxes, which can significantly impact the overall cost of ownership. Buyers should factor in these expenses when evaluating the property's affordability. • Limited information: The lack of property details raises questions about the seller's transparency and motivation. Buyers should proceed with caution and seek professional guidance throughout the transaction.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers seeking a large home with multiple bedrooms and bathrooms. The 5-bedroom, 4-bathroom layout is suitable for larger households or those who desire ample space. • Individuals who appreciate the architectural style and character of older Brooklyn homes. The photos suggest original details and craftsmanship. • Investors interested in a rental property with a potential for high rental income. The size of the home allows for renting to larger families. • Buyers desiring a centrally located home in Brooklyn with easy access to amenities and transportation. The Willoughby Ave address suggests proximity to the neighborhood's attractions.

Not For

• Buyers on a strict budget. The high listing price and potential maintenance costs of an older Brooklyn home may make this property unaffordable. • Individuals who prefer modern, updated homes. The vintage details of this home may not appeal to those seeking contemporary finishes. • Those who require detailed property information upfront. The lack of property features and description may deter buyers who prefer complete transparency. • Buyers averse to potential renovation projects. Older homes often require updates and repairs, which can be time-consuming and costly.
Demographics
Area Median Income

$68,607

Property History

Price History
Ownership Timeline
$3,600,000Financed
Jun 27, 2022
Allen P. Ashley, Trustee, Mary Ashley Gift TrustBrandon Mcgraw, Whitney Mcgraw
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 27, 2022
Mary M AshleyAllen P. Ashley, Trustee, Mary Ashley Gift Trust
Correction Deed
Non-Arm's Length Transactions
$0Cash Purchase
Feb 5, 2022
Mary M AshleyAllen P. Ashley, Trustee, Mary Ashley Patel Gift Trust
Deed
Standard Sale (Purchase/Resales)
$2,900,000Cash Purchase
Aug 31, 2017
Robert David Sheehan Iii, Maya VerguchtMary M Ashley
Deed
Non-Residential Arm's Length Transactions
$1,585,000Cash Purchase
Jun 30, 2011
Brent Ross, Nicole Pullen RossRobert David Iii Sheehan, Maya Vergucht
Deed
Standard Sale (Purchase/Resales)
$267,500Financed
Jul 3, 1996
Bruce ElkusJon W Clark, Beth E Clark
Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

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Sunlight Analysis

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Financials

Monthly Costs
Market Rent (5 bed)

$2,190

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$3,600,000
Price/sqft
$1,117
Layout
5 bd4 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$2,793,750

28.9%

Your price is 28.9% above average

Median Price

$2,900,000

24.1%

Based on 6 recent sales

Price per Sq.Ft

$835

33.7%

Your price is 33.7% above average $/sqft

Comparable Properties

44 Lefferts Place, Brooklyn, NY 11238
Price: $2,200,000
Sq.Ft: 3,400
Beds/Baths: 4/4
$/Sq.Ft:
$64742.1%
Sale Date: 12/4/2024
381 Greene Avenue #1, Brooklyn, NY 11216
Price: $2,100,000
Sq.Ft: 3,600
Beds/Baths: 6/4
$/Sq.Ft:
$58347.8%
Sale Date: 12/4/2024
142 Saint James Place, NewYorkCity, NY 11238
Price: $4,115,000
Sq.Ft: 3,748
Beds/Baths: 5/4
$/Sq.Ft:
$1,0981.7%
Sale Date: 9/11/2024
259 CLIFTON Place, NewYorkCity, NY 11216
Price: $2,420,000
Sq.Ft: 3,251
Beds/Baths: 6/3
$/Sq.Ft:
$74433.3%
Sale Date: 10/23/2024
419 Clermont Avenue, NewYorkCity, NY 11238
Price: $2,900,000
Sq.Ft: 3,120
Beds/Baths: 5/3
$/Sq.Ft:
$92916.8%
Sale Date: 9/17/2024
167 Putnam Avenue #MF, NewYorkCity, NY 11216
Price: $3,027,500
Sq.Ft: 3,010
Beds/Baths: 5/5
$/Sq.Ft:
$1,0069.9%
Sale Date: 9/5/2024

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