NOT LISTED FOR SALE

1228 Commonwealth Ave Bronx, NY 10472

Soundview Neighborhood

Estimated Value: $1,110,000 - $1,237,000

7 Beds
4 Baths
3,564 Sq Ft
$324/Sq Ft Est. Value

Last Sold November 16, 2022

Last sale price $999,000 $280 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,466/month

52 Days on Market

About This Home

As of November 2022

Welcome to 1228 Commonwealth Ave. Perfectly situated near transportation, this brick 4 family home is perfect for investors. There is total of $8,050 in income currently and the rents are below market. This property is not market stabilized. No leases are in place. All tenants are paying and current. The property has been well maintained and is perfect to grow your portfolio. Whether you are looking for an investment property or for something for yourself in the future. This is a great opportunity in a great neighborhood.

Last Agent to Sell the Property

Sayar Uddin

Housebiz Realty Inc. License #10401329365 Listed on: 06/17/2022

Last Buyer's Agent

Sayar Uddin

Housebiz Realty Inc. License #10401329365 Listed on: 06/17/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,282

Year Built

  • Built in 1927

Lot Details

  • 2,700 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 3,564 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tenant pays for gas
  • Assessor Parcel Number 03762-0021

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,282

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1927
  • Attribution Contact: 718-892-7500
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement: Finished
  • Total Bedrooms: 7
  • Living Area: 3564.00
  • Square Footage: 3564.00

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: None
  • Cooling: No
  • Garbage Removal: Public
  • Heating: Natural Gas, Baseboard, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Size Sq Ft: 2700.00
  • Lot Size Units: Acres
  • Parcel Number: 03762-0021
  • Property Attached: Yes

Rental Info

  • Hold Start Date: 2022-07-29
  • Tenant Pays: Gas

Tax Info

  • Close Date: 2022-11-16
  • Tax Annual Amount: 13282.00
  • Tax Map Number: 03762-0021

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 5
  • Separate Gas Meters: 4

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Nov 16, 2022
Sold by
Akbar Shafiq
Bought by
Habib Shimul
Seller's Agent
Sayar Uddin
Housebiz Realty Inc.
Buyer's Agent
Sayar Uddin
Housebiz Realty Inc.
List Price
$1,150,000
Sold Price
$999,000
Premium/Discount to List
-$151,000
-13.13%
Views
9
Current Estimated Value
$1,155,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,802
Avg. Annual Appreciation
4.68%
Original Mortgage
$749,250
Outstanding Balance
$725,262
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$430,540

Purchase Details

Closed on
Jan 20, 2013
Sold by
Islam Md Nurul and Rahaman Matin
Bought by
Akbar Shafiq

Purchase Details

Closed on
Apr 26, 2011
Sold by
Islam Md Nurul and Rahaman Matin
Bought by
Akbar Shafiq

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,367
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 10, 2005
Sold by
Ullah Nazrul and Ullah Nurul
Bought by
Islam M D Nurul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2003
Sold by
Bashir Mohammed and Ullah Nazmul
Bought by
Ullah Nazrul and Ullah Nurul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,350
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 2003
Sold by
Sanichara Rajshree
Bought by
Bashir Mohammed and Ullah Nazmul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,350
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2000
Sold by
Ramlall Hansraj
Bought by
Ramlall Hansraj and Sanichara Rajshree

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2000
Sold by
Volpe Anna and Guarino Jeannette
Bought by
Ramlall Hansraj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Habib Shimul $999,000 --
Habib Shimul $999,000 --
Akbar Shafiq -- --
Akbar Shafiq -- --
Akbar Shafiq $380,000 --
Akbar Shafiq $380,000 --
Islam M D Nurul $575,000 --
Islam M D Nurul $575,000 --
Ullah Nazrul -- --
Ullah Nazrul -- --
Bashir Mohammed $530,000 --
Bashir Mohammed $530,000 --
Ramlall Hansraj -- --
Ramlall Hansraj -- --
Ramlall Hansraj $237,500 --
Ramlall Hansraj $237,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Habib Shimul $749,250
Closed Habib Shimul $749,250
Previous Owner Akbar Shafiq $370,367
Previous Owner Islam M D Nurul $460,000
Previous Owner Bashir Mohammed $499,350
Previous Owner Ramlall Hansraj $213,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2022 11/16/22 Sold $999,000 0.0% $280 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/29/2022 07/29/22 Off Market $999,000 -- --
07/25/2022 07/25/22 Price Changed $1,150,000 0.0% $323 / Sq Ft
07/25/2022 07/25/22 For Sale $1,150,000 +15.1% $323 / Sq Ft
07/05/2022 07/05/22 Off Market $999,000 -- --
06/17/2022 06/17/22 For Sale $1,200,000 -- $337 / Sq Ft
Source: OneKey® MLS

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 $17,418 $143,842 $38,082 $105,760
2024 $17,418 $139,324 $33,362 $105,962
2023 $15,829 $129,038 $36,786 $92,252
2022 $14,329 $256,050 $86,850 $169,200
2021 $0 $204,750 $86,850 $117,900
2020 $13,510 $223,650 $86,850 $136,800
2019 $13,223 $229,500 $86,850 $142,650
2018 $12,329 $99,260 $34,831 $64,429
2017 $11,472 $91,921 $34,182 $57,739
2016 $10,669 $85,114 $34,877 $50,237
2015 $6,905 $85,114 $39,871 $45,243
2014 $6,905 $82,440 $36,746 $45,694
Source: Public Records

Agents Affiliated with this Home

  • Sayar Uddin

    Seller's Agent in 2022

    Sayar Uddin

    Housebiz Realty Inc.

    (919) 637-3842

    1 in this area

    35 Total Sales

    Sayar Uddin
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Map

Source: OneKey® MLS

MLS Number: KEY6193013

OneKey® MLS

APN: 03762-0021

New York Bronx County Bronx 10472 Soundview

1228 Commonwealth Ave, Bronx, NY

Not Listed for Sale

MultiFamily

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