$525,000
SOLD SEP 14, 2023
2 Beds
2 Baths
1,424 Sq Ft
3,001 Sq Ft Lot

Recently Sold

$369 Per Sq Ft

28% Below List Price

16 Days on Market

Highlights

  • Property is near public transit
  • Baseboard Heating
  • Level Lot
  • Park

About This Home

As of May 2024

Attention Investors! Don't miss out on this incredible opportunity! This two-family home is located on 116th Avenue. This property has immense potential, and with a little bit of love and repair, it can become a real gem. This is an investment that promises long-term rewards. Picture the potential of renovating each unit with modern finishes, stylish upgrades, and high-quality fixtures. Whether you choose to rent out both units or occupy one and rent the other, the possibilities are endless. Capitalize on the growing demand for rental properties in this thriving community. Act fast, and invest wisely, and let this two-family home be the foundation of your success.

Last Agent to Sell the Property

Samantha Ortiz

Howard Hanna Rand Realty Brokerage Phone: (845) 634-4202 License #10301219689 Listed on: 04/29/2023

Howard Hanna Rand Realty

Last Buyer's Agent

Samantha Ortiz

Howard Hanna Rand Realty Brokerage Phone: (845) 634-4202 License #10301219689 Listed on: 04/29/2023

Howard Hanna Rand Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,100

Year Built

  • Built in 1925

Lot Details

  • 3,001 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 1,424 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway
  • Parking Lot
  • Off-Street Parking

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 12007-0261

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,100

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Year Built: 1925
  • Attribution Contact: (845) 634-4202
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Full, Unfinished
  • Total Bedrooms: 2
  • Living Area: 1424
  • SquareFootage: 1424.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Frame, Aluminum Siding

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway, Parking Lot, Off Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Baseboard, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: None
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3001
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 12007-0261
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: None

Multi Family

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

Tax Info

  • Tax Annual Amount: 5100
  • Tax Map Number: 12007-0261
  • IncludedInTaxes: Trash

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2023
Closed on
May 8, 2024
Sold by
Excellent Hope Inc
Bought by
Pinto Heredia Pedro
Seller's Agent
Mohammad Amin
Max It Realty
Buyer's Agent
Carlos Delgado
Keller Williams Landmark II
List Price
$849,000
Sold Price
$851,000
Premium/Discount to List
$2,000
0.24%
Views
92
Current Estimated Value
$818,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,310
Avg. Annual Appreciation
3.16%
Original Mortgage
$883,698
Outstanding Balance
$872,968
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$9,620

Purchase Details

Listed on
Apr 29, 2023
Closed on
Sep 13, 2023
Sold by
Aida L Sanchez Butler Adminstrator L and Aida Robert
Bought by
Excellent Hope Inc
Seller's Agent
Samantha Ortiz
Howard Hanna Rand Realty
Buyer's Agent
Samantha Ortiz
Howard Hanna Rand Realty
List Price
$725,000
Sold Price
$525,000
Premium/Discount to List
-$200,000
-27.59%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
101.38%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $900,000 --
Deed $900,000 --
Deed $900,000 --
Deed $900,000 --
Deed $525,000 --
Deed $525,000 --
Deed $525,000 --
Deed $525,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $883,698 FHA
Closed $883,698 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $851,000 +0.2% $598 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
11/20/2023 11/20/23 For Sale $849,000 +61.7% $596 / Sq Ft
09/14/2023 09/14/23 Sold $525,000 -27.6% $369 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $725,000 +38.1% $509 / Sq Ft
05/09/2023 05/09/23 Off Market $525,000 -- --
04/29/2023 04/29/23 For Sale $725,000 -- $509 / 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 $5,165 $27,260 $8,098 $19,162
2024 $5,165 $25,718 $7,453 $18,265
2023 $4,873 $24,264 $7,783 $16,481
2022 $4,570 $34,500 $12,780 $21,720
2021 $4,817 $36,000 $12,780 $23,220
2020 $4,809 $39,600 $12,780 $26,820
2019 $4,483 $39,300 $12,780 $26,520
2018 $4,122 $20,220 $6,740 $13,480
2017 $3,889 $19,076 $8,719 $10,357
2016 $3,813 $19,076 $8,719 $10,357
2015 $2,171 $18,931 $10,037 $8,894
2014 $2,171 $17,860 $10,324 $7,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6244408

OneKey® MLS

APN: 12007-0261