NOT LISTED FOR SALE

Estimated Value: $1,641,000 - $1,767,480

4 Beds
3 Baths
2,468 Sq Ft
$698/Sq Ft Est. Value

Last Sold June 25, 2024

Last sale price $1,660,000 $673 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,993/month

9 Days on Market

Highlights

  • Property is near public transit
  • Raised Ranch Architecture
  • Forced Air Heating System
  • P.S. 120 - Queens Rated A-
  • 1 Car Attached Garage

About This Home

As of June 2024

First time on Market. 2-family brick home nestled in the heart of Flushing. The first unit, with a spacious one-bedroom layout with hardwood floors throughout. The second unit is a duplex with ample space, featuring three generously sized bedrooms and two bathrooms.

Last Agent to Sell the Property

Kathleen McCarthy

Compass Greater NY LLC Brokerage Phone: 516-248-6655 License #10401341533 Listed on: 04/01/2024

Compass Greater NY LLC

Last Buyer's Agent

Kathleen McCarthy

Compass Greater NY LLC Brokerage Phone: 516-248-6655 License #10401341533 Listed on: 04/01/2024

Compass Greater NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,131

Year Built

  • Built in 1965

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • No Common Walls

Parking

  • 1 Car Attached Garage

Home Design

  • 2,468 Sq Ft Home
  • Raised Ranch Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Flushing High Middle School
  • John Bowne High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 31 / 6379
  • Assessor Parcel Number 06379-0031

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,131

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Hi Ranch
  • Property SubType: Multi Family
  • Property Condition: Good
  • Year Built: 1965
  • New Construction: No
  • Attribution Contact: 516-248-6655
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: None
  • Total Bedrooms: 4
  • Living Area: 2468
  • SquareFootage: 2468.00
  • SquareFootageSource: Floor Plan
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 2

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Flushing High School

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 40x100
  • Lot Size Sq Ft: 4000
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 06379-0031
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Available Date: 2024-07-03

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf1Bedrooms: 1
  • NumberOf2Bedrooms: 2

Tax Info

  • Tax Annual Amount: 11130.71
  • Tax Block: 6379
  • Tax Lot: 31
  • Tax Map Number: 06379-0031
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • High School: John Bowne High School
  • Middle School District: Queens 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Jun 25, 2024
Sold by
David Pallai As Co-Trustee and Sirio Pallai
Bought by
Chen Weilei
Seller's Agent
Kathleen McCarthy
Compass Greater NY LLC
Buyer's Agent
Kathleen McCarthy
Compass Greater NY LLC
List Price
$1,500,000
Sold Price
$1,660,000
Premium/Discount to List
$160,000
10.67%
Views
64
Current Estimated Value
$1,721,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,870
Avg. Annual Appreciation
2.83%
Original Mortgage
$700,000
Outstanding Balance
$691,703
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,030,167

Purchase Details

Closed on
Mar 26, 2010
Sold by
Pallai Giovanna
Bought by
David Pallai and Sirio Pallai
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
Chen Weilei $1,660,000 --
David Pallai -- --
David Pallai -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Weilei $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2024 06/25/24 Sold $1,660,000 0.0% $673 / Sq Ft
04/11/2024 04/11/24 Pending -- -- --
04/08/2024 04/08/24 Off Market $1,660,000 -- --
04/01/2024 04/01/24 For Sale $1,500,000 -- $608 / 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 $10,367 $58,739 $9,963 $48,776
2024 $4,906 $55,418 $10,371 $45,047
2023 $4,802 $55,418 $9,974 $45,444
2022 $4,843 $78,900 $15,540 $63,360
2021 $4,801 $65,400 $15,540 $49,860
2020 $9,702 $70,740 $15,540 $55,200
2019 $4,171 $69,300 $15,540 $53,760
2018 $4,048 $46,182 $9,389 $36,793
2017 $8,697 $45,831 $11,032 $34,799
2016 $8,023 $45,831 $11,032 $34,799
2015 $4,995 $40,791 $12,797 $27,994
2014 $4,995 $38,485 $12,412 $26,073
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3541363

OneKey® MLS

APN: 06379-0031