NOT LISTED FOR SALE

10821 51st Ave Corona, NY 11368

Corona Neighborhood

Estimated Value: $1,596,153 - $1,754,000

9 Beds
5 Baths
3,664 Sq Ft
$458/Sq Ft Est. Value

Last Sold January 20, 2021

Last sale price $1,430,000 $390 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,061/month

20 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Garage
  • 2-minute walk to William F Moore Park
  • Balcony
  • Heating System Uses Steam

About This Home

As of January 2021

This Legal 3 Family property sits on a very quiet block on 51st Avenue between the busy retail street of 108th and high traffic street of 111th. This southward facing very well-maintained brick property encompasses an enormous 3,664 sqft. All 3 units are free market and all tenants are month to month, none have leases. The second floor unit is completely renovated with an entirely new kitchen, 2 classic new full bathrooms, polished wooden floors, and it is VACANT.The 1st and 3rd floor units are occupied and their interior conditions are phenomenal and close to new. The 3rd floor and 2nd floor units are a spacious 1,300 sqft, 3-Bedrooms 2-Full Bathrooms with balconies. The 1st floor unit is a large 950 sqft, 3-bedroom 1-Full Bathroom. Property also includes a fully finished lower level with its own separate entrance that has access to the backyard. This is an exceptionally rare opportunity to own a great investment that generates a substantial income with minimum maintenance.

Last Agent to Sell the Property

Rong Yu

EXP Realty Brokerage Phone: 888-276-0630 License #10401291478 Listed on: 10/17/2020

EXP Realty

Last Buyer's Agent

Rong Yu

EXP Realty Brokerage Phone: 888-276-0630 License #10401291478 Listed on: 10/17/2020

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,155

Year Built

  • Built in 1987

Lot Details

  • 2,333 Sq Ft Lot
  • Lot Dimensions are 23.3 x 100

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Parking

  • 3 Car Garage
  • Private Parking
  • Driveway

Outdoor Features

  • Balcony

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 80 / Q-2006

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,155

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Triplex
  • Levels: Three Or More
  • Year Built: 1987
  • Attribution Contact: 888-276-0630
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Full Bathrooms: 5
  • Total Bedrooms: 9
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No
  • Exterior Features: Balcony

Garage/Parking

  • Total Parking Spaces: 3
  • Garage: Yes
  • Parking Description: Driveway, Garage, Private

Utilities

  • Heating: Natural Gas, Steam

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 23.3 X 100
  • Lot Size Sq Ft: 2333
  • Building Area Total: 3664
  • Property Attached: Yes
  • Additional Parcels: No

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 13155
  • Tax Block: Q-2006
  • Tax Lot: 80

MLS Schools

  • Middle School District: Queens24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2020
Closed on
Jan 20, 2021
Sold by
Theodosiou Angelo and Theodosiou Nikolaos
Bought by
Dong Zhang and Li Hong
Seller's Agent
Rong Yu
EXP Realty
Buyer's Agent
Rong Yu
EXP Realty
List Price
$1,575,000
Sold Price
$1,430,000
Premium/Discount to List
-$145,000
-9.21%
Current Estimated Value
$1,617,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,332
Avg. Annual Appreciation
2.78%
Original Mortgage
$730,000
Outstanding Balance
$655,878
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$964,832
Source: Public Records

Range of Values:

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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
Dong Zhang $1,430,000 --
Dong Zhang $1,430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dong Zhang $730,000
Closed Dong Zhang $730,000
Previous Owner Theodosiou Angelo $220,000
Previous Owner Theodosiou Nikolaos $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2021 01/20/21 Sold $1,430,000 -9.2% $390 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
10/17/2020 10/17/20 For Sale $1,575,000 -- $430 / 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 $14,993 $78,430 $8,945 $69,485
2024 $14,993 $74,650 $8,435 $66,215
2023 $14,913 $74,249 $8,409 $65,840
2022 $14,660 $88,080 $11,640 $76,440
2021 $14,580 $82,500 $11,640 $70,860
2020 $13,834 $74,280 $11,640 $62,640
2019 $13,013 $81,840 $11,640 $70,200
2018 $12,613 $61,874 $8,924 $52,950
2017 $12,475 $61,195 $10,487 $50,708
2016 $11,541 $61,195 $10,487 $50,708
2015 $6,963 $54,465 $11,151 $43,314
2014 $6,963 $51,840 $11,544 $40,296
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rong Yu

    EXP Realty

    (888) 276-0630

    1 in this area

    17 Total Sales

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Map

Source: OneKey® MLS

MLS Number: L3262112

OneKey® MLS

APN: 02006-0080

New York Queens County Corona 11368 Corona

10821 51st Ave, Corona, NY

This home is located at 10821 51st Ave, Corona, NY 11368 since 17 October 2020 and is currently estimated at $1,677,038, approximately $457 per square foot. This property was built in 1987. 10821 51st Ave is a home located in Queens County with nearby schools including P.S. 14 - Fairview, Is 61 Leonardo Da Vinci, and John Bowne High School.

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