NOT LISTED FOR SALE

Estimated Value: $1,061,000 - $1,510,704

14 Beds
4 Baths
3,321 Sq Ft
$375/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $1,400,000 $422 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $8,086/month

93 Days on Market

Highlights

  • Property is near public transit
  • 3-minute walk to Morrison-Sound View Avenues
  • 3-minute walk to Parque de Los Niños
  • Park
  • Forced Air Heating and Cooling System

About This Home

As of March 2023

Once in a lifetime opportunity to own a fully renovated, turnkey 4 unit building in the Soundview section of the Bronx. Being offered at a 7.8% Cap! The building just underwent a complete rehabilitation, with new plumbing, electric, windows, and HVAC and more! Building can be delivered vacant if needed. There are 3 three bedroom apartments and 1 two bedroom apartment. Each unit receives generous light and air as the building is semi-detached. There is also a fully finished basement with high ceilings and a separate entrance. Located a short walk away from the 6 train on Westchester Avenue and 25 minutes to Manhattan.

Last Agent to Sell the Property

Ali Rashid

Kingsland Properties Brokerage Phone: 718-380-7400 License #10491206118 Listed on: 10/26/2022

Co-Listed By

Sultan Rashid

Kingsland Properties Brokerage Phone: 718-380-7400 License #10401359151

Last Buyer's Agent

Ali Rashid

Kingsland Properties Brokerage Phone: 718-380-7400 License #10491206118 Listed on: 10/26/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,000

Year Built

  • Built in 1927 | Remodeled in 2022

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25x100
  • No Common Walls

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 4 Full Bathrooms

Schools

  • Mott Hall V Middle School
  • Mott Hall V High School

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 03777-0027

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,000

Year Built

Built in 1927 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Semi Detached
  • Property SubType: Multi Family
  • Year Built: 1927
  • New Construction: No
  • Year Built Effective: 2022
  • Attribution Contact: 718-380-7400
  • Co List Office Mls Id: ONEKNGL01
  • Co List Office Phone: 718-380-7400
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: Finished, Full
  • Total Bedrooms: 14
  • NumberOfKitchens: 4

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Mott Hall V

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 25x100
  • Lot Size Sq Ft: 2500
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03777-0027
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 5
  • Separate Gas Meters: 4
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 3

Tax Info

  • Tax Annual Amount: 13000
  • Tax Map Number: 03777-0027

MLS Schools

  • High School: Mott Hall V
  • Middle School District: Bronx 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2022
Closed on
Mar 1, 2023
Sold by
1252 Stratford Ave Llc
Bought by
Julio Malan As Trustee and Julio Patricio Malan Irrevocable Trust
Seller's Agent
Ali Rashid
Kingsland Properties
Buyer's Agent
Ali Rashid
Kingsland Properties
List Price
$1,399,000
Sold Price
$1,400,000
Premium/Discount to List
$1,000
0.07%
Views
123
Current Estimated Value
$1,246,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$153,765
Avg. Annual Appreciation
-1.51%

Purchase Details

Closed on
Dec 2, 2021
Sold by
Doreen Berrios-Castillo Administrator
Bought by
1252 Stratford Ave Llc
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
Julio Malan As Trustee $1,400,000 --
1252 Stratford Ave Llc $550,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $1,400,000 -6.6% $422 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
10/27/2022 10/27/22 Price Changed $1,499,000 -0.1% $451 / Sq Ft
10/26/2022 10/26/22 Price Changed $1,500,000 +7.2% $452 / Sq Ft
10/26/2022 10/26/22 For Sale $1,399,000 -- $421 / 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 $16,172 $133,557 $35,405 $98,152
2024 $16,172 $129,355 $35,494 $93,861
2023 $14,698 $119,817 $34,179 $85,638
2022 $13,577 $273,150 $81,000 $192,150
2021 $0 $234,450 $81,000 $153,450
2020 $12,814 $257,400 $81,000 $176,400
2019 $12,549 $268,200 $81,000 $187,200
2018 $11,723 $92,167 $32,402 $59,765
2017 $10,857 $85,358 $31,745 $53,613
2016 $10,189 $79,037 $32,481 $46,556
2015 $6,615 $79,028 $37,044 $41,984
2014 $6,615 $76,542 $34,187 $42,355
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3439545

OneKey® MLS

APN: 03777-0027