NOT LISTED FOR SALE
10 Beds
5 Baths
8,964 Sq Ft
3,049 Sq Ft Lot

Last Sold January 23, 2020

Last sale price $800,000 $89 Per Sq Ft

16 Days on Market

Highlights

  • Active Adult
  • Forced Air Heating and Cooling System
  • Level Lot
  • No HOA
  • Hot Water Heating System
  • 1-minute walk to Prospect Park

About This Home

As of January 2020

Here is your opportunity to own a piece of Troy History. The Eldorado has been updated and is fully rented to qualified tenants. 1F Bar / venue / kitchen is Vacant and ready to be opened as Restaurant / Bar. Business has separate utilities, forced air and Central air. This unique opportunity offers 9 fully rented apartments on floor 2 and 3 (a 10th could be finished). Large Kitchen. 10 yr old boiler / 3 yr old furnace. Gross rents from apartments totals $96,600, before the Bar is rented. Valued at $2500 11.1 cap rate. Very Good Condition

Last Agent to Sell the Property

John DiBlasi

Exit Realty Empire Associates Listed on: 10/31/2019

Last Buyer's Agent

Amy Magur

KW Platform License #10301222532

KW Platform

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,785

Year Built

  • Built in 1914

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 8,964 Sq Ft Home
  • Laminate Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for hot water, cable TV
  • The owner pays for heat
  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 381700 101-1-2
  • Seller Concessions Not Offered

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 10 Units

Building Details

  • Insurance Expense $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,785

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Electric Expense: 2000.0
  • Zoning: Commercial
  • Year Built: 1914
  • Directions: Just North of the corner of 4th Ave and Congress
  • Above Grade Finished Sq Ft: 8964.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.07
  • Lot Size: 3047
  • Possession Possession Legacy: Negotiable
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number of Separate Water Meters: 1
  • Electric Expense Description: Estimated
  • Gas Expense Description: Estimated
  • Insurance Expense Description: Estimated
  • Water Sewer Expense Description: Estimated
  • Income: 126000.0
  • Income Description: Estimated
  • Number Of Air Conditoners: 1
  • Number of Dishwashers: 1
  • Number of Refrigerators: 9
  • Unit Information Number Of Stoves: 11
  • Subdivision Name: Little Italy
  • Flooring:Laminate: Yes
  • Cooling:Central Air: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Basement: Full
  • Living Area: 8964.0
  • Owner Pays: Heat
  • Full Basement: Yes
  • Attic Features:None16: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 2 Owner Furnish Features:Electricity5: Yes
  • Unit 2 Owner Furnish Features:Gas7: Yes
  • Unit 2 Owner Furnish Features:Heat4: Yes
  • Unit 2 Owner Furnish Features:Hot Water5: Yes
  • Unit 3 Owner Furnish Features:Heat5: Yes
  • Unit 3 Owner Furnish Features:Hot Water6: Yes
  • Unit 4 Owner Furnish Features:Heat6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes
  • Unit 5 Owner Furnish Features:Heat7: Yes
  • Unit 5 Owner Furnish Features:Hot Water8: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 6 Owner Furnish Features:Sewer10: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes
  • Unit 3 Owner Furnish Features:Electricity6: Yes
  • Unit 3 Owner Furnish Features:Gas8: Yes
  • Unit 4 Owner Furnish Features:Electricity7: Yes
  • Unit 4 Owner Furnish Features:Gas9: Yes
  • Unit 5 Owner Furnish Features:Electricity8: Yes
  • Unit 5 Owner Furnish Features:Gas10: Yes
  • Unit 6 Owner Furnish Features:Electricity11: Yes
  • Unit 6 Owner Furnish Features:Gas13: Yes
  • Unit 6 Owner Furnish Features:Heat10: Yes
  • Unit 6 Owner Furnish Features:Hot Water11: Yes
  • Unit 7 Owner Furnish Features:Sewer8: Yes
  • Unit 7 Owner Furnish Features:Water9: Yes
  • Unit 8 Owner Furnish Features:Sewer9: Yes
  • Unit 8 Owner Furnish Features:Water10: Yes
  • Unit 7 Owner Furnish Features:Heat8: Yes
  • Unit 7 Owner Furnish Features:Hot Water9: Yes
  • Unit 7 Owner Furnish Features:Electricity9: Yes
  • Unit 8 Owner Furnish Features:Electricity10: Yes
  • Unit 8 Owner Furnish Features:Gas12: Yes
  • Unit 8 Owner Furnish Features:Heat9: Yes
  • Unit 8 Owner Furnish Features:Hot Water10: Yes
  • Unit 7 Owner Furnish Features:Gas11: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Brick
  • Waterfront Features: None
  • Waterfront: No
  • Waterfront Features:None19: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No
  • Parking Features:None11: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Fuel Expense: 4680.0

Schools

  • Junior High Dist: Troy

Lot Info

  • Land Lease: No
  • Lot Features: Level
  • Parcel #: 381700 101-1-2
  • Lot Size Sq Ft: 3049.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Cable TV

Multi Family

  • Insurance Expense: 4000.0
  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 13785.0
  • Tax Block: 1
  • Tax Lot: 2
  • Tax Tract: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Feb 13, 2020
Sold by
Abate Holdings Llc
Bought by
497 Washington Equities
Seller's Agent
John DiBlasi
Exit Realty Empire Associates
Buyer's Agent
Amy Magur
KW Platform
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%

Purchase Details

Listed on
Oct 31, 2019
Closed on
Jan 23, 2020
Sold by
Abate Holdings Llc
Bought by
497 Washington Equities
Seller's Agent
John DiBlasi
Exit Realty Empire Associates
Buyer's Agent
Amy Magur
KW Platform
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%

Purchase Details

Closed on
Oct 25, 2017
Sold by
Abate Elda C and Abate Mario
Bought by
Abate Holdings Llc

Purchase Details

Closed on
Jun 18, 2007
Sold by
Abate Elda C
Bought by
Abate Mario
Source: Public Records

Range of Values:

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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
497 Washington Equities $800,000 None Available
497 Washington Equities $800,000 None Available
Abate Holdings Llc $330,000 --
Abate Mario -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2020 01/23/20 Sold $800,000 -3.0% $89 / Sq Ft
11/15/2019 11/15/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $825,000 -- $92 / Sq Ft
Source: Global 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
2024 $18,899 $400,000 $23,000 $377,000
2023 $18,904 $400,000 $23,000 $377,000
2022 $19,686 $400,000 $23,000 $377,000
2021 $5,968 $400,000 $23,000 $377,000
2020 $9,212 $400,000 $23,000 $377,000
2019 $10,910 $330,000 $23,000 $307,000
2018 $10,910 $330,000 $23,000 $307,000
2017 $10,860 $330,000 $23,000 $307,000
2016 $14,430 $330,000 $23,000 $307,000
2015 -- $330,000 $23,000 $307,000
2014 -- $330,000 $23,000 $307,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 201933957

Global MLS

APN: 1700-101.61-1-2.1