NOT LISTED FOR SALE

Estimated Value: $371,901 - $519,000

Studio
1 Bath
655 Sq Ft
$462/mo HOA Fee

Last Sold April 12, 2024

Last sale price $330,000 $504 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,055/month

279 Days on Market

Highlights

  • City View
  • Pre War Building
  • Elevator
  • P.S. 120 - Queens Rated A-
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of April 2024

Welcome to Flushings' newest condo conversion! This spacious, gut-renovated studio, one bath apartment features a large living room, an open kitchen with Quartz countertops, beautiful glass-tiled backsplash and stainless steel appliances including a dishwasher. This home also has hardwood floors throughout, unobstructed views, a sparkling new bathroom, California-style closets, and completely rewired electrics.

The Infinity 8 on Cherry Condominium is a brand new condo conversion that combines the best of Manhattan luxury with the aesthetics that make Flushing home. This building will have renovations including; refreshed lobby and hallways, modernized elevator, storage lockers (available for purchase), and parking (available for a monthly fee). Additional amenities include a laundry room and live-in super. Located at the corner of Main Street and Cherry Avenue. The bus station is right across the street. LIRR and the 7 train Flushing Station are just 2 bus stops away or within a of blocks.

The complete terms are in an offering plan available from the Sponsor, File #CD18-0354 Sponsor: Cherry Associates LLC 1 Penn Plaza, Suite 4000 NY, NY 10019.

Last Agent to Sell the Property

William Tabler

Keller Williams NYC License #10301217811 Listed on: 05/22/2023

Keller Williams NYC

Co-Listed By

Sandy Edry

Keller Williams NYC License #40ED1106049

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,768

Lot Details

  • 0.48

HOA Fees

  • $462 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Pre War Building

Interior Spaces

  • 1 Full Bathroom
  • 655 Sq Ft Home
  • Wood Flooring
  • City Views

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher

Utilities

  • Window Unit Cooling System
  • Radiant Heating System

Listing and Financial Details

  • Property Available on 4/13/24
  • Tax Block 05140

Community Details

Overview

  • Flushing Subdivision

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,768

Lot Details

0

HOA Fees

$462 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Flushing
  • Architectural Style: Prewar
  • Structure Type: None
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dishwasher, Microwave, Stainless Steel Appliance(s)
  • Flooring: Hardwood
  • Living Area: 655.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Inside, None
  • Green Building Features: Elevator(s)
  • Cooling: Window Unit(s)
  • Heating: Radiant
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 462.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2024-04-13

Building Info

  • New Construction: No

Tax Info

  • Tax Block: 05140
  • Tax Lot: 0000
  • Tax Annual: 3768.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Apr 12, 2024
Sold by
Cherry Associates Llc
Bought by
Chen Xia
Seller's Agent
William Tabler
Keller Williams NYC
List Price
$398,000
Sold Price
$330,000
Premium/Discount to List
-$68,000
-17.09%
Views
58
Current Estimated Value
$435,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,975
Avg. Annual Appreciation
17.47%
Original Mortgage
$181,500
Outstanding Balance
$178,370
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$257,605

Purchase Details

Closed on
Mar 23, 2023
Sold by
Cherry Associates Llc
Bought by
Cherry Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,700,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Chen Xia $330,000 --
Chen Xia $330,000 --
Cherry Associates Llc -- --
Cherry Associates Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Xia $181,500
Closed Chen Xia $181,500
Previous Owner Cherry Associates Llc $6,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2024 04/12/24 Sold $330,000 -1.5% $504 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
01/31/2024 01/31/24 Price Changed $335,000 -15.8% $511 / Sq Ft
01/03/2024 01/03/24 For Sale $398,000 +20.6% $608 / Sq Ft
12/29/2023 12/29/23 Off Market $330,000 -- --
09/13/2023 09/13/23 Price Changed $398,000 -13.1% $608 / Sq Ft
06/14/2023 06/14/23 Price Changed $458,000 0.0% $699 / Sq Ft
06/14/2023 06/14/23 For Sale $458,000 -9.5% $699 / Sq Ft
06/11/2023 06/11/23 Off Market $505,888 -- --
05/22/2023 05/22/23 For Sale $505,888 -- $772 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $3,759 $29,844 $6,218 $23,626
2024 $3,759 $30,065 $6,218 $23,847
2023 $3,744 $29,949 $6,217 $23,732
2022 $3,592 $29,355 $6,218 $23,137
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10948859

Real Estate Board of New York (REBNY)

APN: 05140-1010