NOT LISTED FOR SALE

1040 116th St College Point, NY 11356

College Point Neighborhood

Estimated Value: $1,341,000 - $1,453,000

9 Beds
3 Baths
3,540 Sq Ft
$399/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $1,335,000 $377 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,590/month

84 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near public transit
  • Park
  • P.S. 129 Patricia Larkin Rated A-
  • 1 Car Detached Garage
  • Baseboard Heating

About This Home

As of July 2022

Well maintained legal 3 Family brick in move in conditions, located in a quiet and secluded area in north of CP; walk to park & buses; two car garage and back garden , house to be delivered vacant for higher rental income; Ideal for owner occupied for one fl, and tenants for the rest., Additional information: Appearance:Excellent

Last Agent to Sell the Property

Michael Deng

Eagle Realty Group New York Brokerage Phone: 718-663-4366 License #10311202575 Listed on: 02/21/2022

Last Buyer's Agent

Michael Deng

Eagle Realty Group New York Brokerage Phone: 718-663-4366 License #10311202575 Listed on: 02/21/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,927

Year Built

  • Built in 1925 | Remodeled in 1998

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 25 x 120
  • 1 Common Wall

Parking

  • 1 Car Detached Garage

Home Design

  • Triplex
  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 129 Patricia Larkin Elementary School
  • JHS 194 William Carr Middle School
  • Bayside High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,927

Year Built

Built in 1925 | Remodeled in 1998

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Contemporary
  • Property SubType: Triplex
  • Levels: Three Or More
  • Year Built: 1925
  • Year Built Effective: 1998
  • Attribution Contact: 718-663-4366
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1998

Interior Features

  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Basement: Walk-Out Access
  • Total Bedrooms: 9
  • Fireplace: No
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 1
  • Parking Description: Detached, Private

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Hot Water, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Jhs 194 William Carr

Lot Info

  • Lot Dimensions: 25 x 120
  • Lot Size Sq Ft: 3000
  • Lot Features: Near Public Transit
  • Property Attached: Yes
  • Additional Parcels: No
  • Zoning: R4-1

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 6927

MLS Schools

  • Elementary School: Ps 129 Patricia Larkin
  • High School: Bayside High School
  • Middle School District: Queens 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Jul 21, 2022
Sold by
Cedeno Alejandra
Bought by
Jiang James and Jiang Qiuduo
Seller's Agent
Michael Deng
Eagle Realty Group New York
Buyer's Agent
Michael Deng
Eagle Realty Group New York
List Price
$1,580,000
Sold Price
$1,335,000
Premium/Discount to List
-$245,000
-15.51%
Current Estimated Value
$1,412,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,366
Avg. Annual Appreciation
1.26%
Original Mortgage
$750,000
Outstanding Balance
$720,395
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$665,720

Purchase Details

Closed on
Sep 20, 2007
Sold by
Cedeno Perez Aleja
Bought by
Cedeno Alejandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.59%

Purchase Details

Closed on
Jul 12, 1990
Sold by
Long Angela R and Long Denis J
Bought by
Perez Aleja Cedeno
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jiang James $1,335,000 --
Jiang James $1,335,000 --
Cedeno Alejandra -- --
Cedeno Alejandra -- --
Perez Aleja Cedeno -- --
Perez Aleja Cedeno -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jiang James $750,000
Closed Jiang James $750,000
Previous Owner Cedano Alejandra $17,222
Previous Owner Cedeno Alejandra $345,000
Closed Cedeno Alejandra --
Closed Cedeno Alejandra $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2022 07/21/22 Sold $1,335,000 -4.0% $377 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
04/26/2022 04/26/22 Price Changed $1,390,000 -6.7% $393 / Sq Ft
03/19/2022 03/19/22 Price Changed $1,490,000 +0.7% $421 / Sq Ft
03/18/2022 03/18/22 Price Changed $1,480,000 -6.3% $418 / Sq Ft
02/21/2022 02/21/22 For Sale $1,580,000 -- $446 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,217 $48,643 $5,795 $42,848
2024 $9,217 $45,890 $5,951 $39,939
2023 $8,696 $43,296 $5,675 $37,621
2022 $3,955 $75,840 $10,200 $65,640
2021 $4,176 $76,260 $10,200 $66,060
2020 $3,994 $74,940 $10,200 $64,740
2019 $3,707 $68,880 $10,200 $58,680
2018 $3,380 $36,080 $6,490 $29,590
2017 $6,920 $35,416 $8,738 $26,678
2016 $6,770 $35,416 $8,738 $26,678
2015 $3,810 $33,780 $8,470 $25,310
2014 $3,810 $31,869 $9,021 $22,848
Source: Public Records

Agents Affiliated with this Home

  • Michael Deng

    Seller's Agent in 2022

    Michael Deng

    Eagle Realty Group New York

    (917) 559-2418

    26 in this area

    39 Total Sales

    Michael Deng
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Map

Source: OneKey® MLS

MLS Number: L3377730

OneKey® MLS

APN: 04022-0025

New York Queens County College Point 11356 College Point

1040 116th St, College Point, NY

This home is located at 1040 116th St, College Point, NY 11356 since 21 February 2022 and is currently estimated at $1,412,366, approximately $398 per square foot. This property was built in 1925. 1040 116th St is a home located in Queens County with nearby schools including P.S. 129 Patricia Larkin, J.H.S. 194 William Carr, and Flushing High School.

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