NOT LISTED FOR SALE

Estimated Value: $824,263 - $993,000

5 Beds
2 Baths
2,184 Sq Ft
$416/Sq Ft Est. Value

Last Sold November 14, 2023

Last sale price $880,000 $403 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,214/month

29 Days on Market

Highlights

  • Property is near public transit
  • Granite Countertops
  • 1 Car Detached Garage
  • Wood Flooring
  • Formal Dining Room
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of November 2023

This outstanding two-family home is a fantastic investment opportunity that offers a range of attractive features including a 5.9% Cap Rate. The property boasts a detached garage, which provides valuable additional storage space or parking for multiple vehicles. The home has also recently been upgraded with a new boiler, dishwasher, refrigerator, and stove cook top, which are sure to appeal to potential renters or buyers looking for modern conveniences.The fully finished basement adds to the property's value, providing extra usable space such as an office, workshop, rec room or home gym. The location of this property is also very convenient with easy access to nearby amenities and transportation. Whether you're looking to commute to work, run errands, or enjoy local attractions, this home is in a great location to do so. Overall, this two-family home is a smart investment choice that offers plenty of desirable features and is sure to appeal to a wide range of renters, buyers and investors. Current rent roll plus rent of garage ($175mo) = $5,825 with long time tenants that would like to stay. Convenient location to 2 LIRR train stations (Valley Stream 1.2miles / Westwood .9miles), shopping center and mall 2 miles away.

Last Agent to Sell the Property

Glen Fox

Douglas Elliman Real Estate Brokerage Phone: 516-432-3400 License #10401340274 Listed on: 07/22/2023

Douglas Elliman Real Estate

Co-Listed By

Kristin Altfather

Douglas Elliman Real Estate Brokerage Phone: 516-432-3400 License #10401340273

Last Buyer's Agent

Will Casaburi

Compass Greater NY LLC License #10401375673

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,185

Year Built

  • Built in 1926

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • No Common Walls

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • Formal Dining Room
  • Wood Flooring
  • Dryer

Kitchen

  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near public transit

Schools

  • Valley Stream Memorial Jr High Schoo Middle School
  • Valley Stream Central High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas, electricity, heat
  • Legal Lot and Block 4 / 610
  • Assessor Parcel Number 2035-37-610-00-0004-0

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,185

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex
  • Property SubType: Multi Family
  • Year Built: 1926
  • New Construction: No
  • Co List Office Mls Id: ONEDERE58
  • Co List Office Phone: 516-432-3400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer
  • Interior Amenities: Formal Dining, Granite Counters
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Basement: Finished, Full, Walk-Out Access
  • Inclusions: A/C Units,Dishwasher,Dryer
  • Total Bedrooms: 5
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Frame, Vinyl Siding
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Detached, 1 Car Detached, Garage, On Street

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard, Hot Water
  • Sewer: Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 3

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Valley Stream Memorial Jr High Schoo

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 5000
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 2035-37-610-00-0004-0
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Tenant Pays: Cooking Gas, Electricity, Heat
  • Available Date: 2023-10-30

Multi Family

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

Tax Info

  • Tax Annual Amount: 15184.93
  • Tax Block: 610
  • Tax Lot: 4
  • Tax Other Annual Assessment Amount: 3638.63
  • Tax Map Number: 2035-37-610-00-0004-0
  • IncludedInTaxes: Sewer,Trash,Water

MLS Schools

  • High School: Valley Stream Central High School
  • Middle School District: Valley Stream - 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2023
Closed on
Nov 14, 2023
Sold by
Davide Donald and Donald Davide Jr 2021 Revocable Trust
Bought by
Saju Shahnewaz and Kabir Selina
Seller's Agent
Glen Fox
Douglas Elliman Real Estate
Buyer's Agent
Will Casaburi
Compass Greater NY LLC
List Price
$860,000
Sold Price
$880,000
Premium/Discount to List
$20,000
2.33%
Views
103
Current Estimated Value
$908,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,632
Avg. Annual Appreciation
-2.11%
Original Mortgage
$744,500
Outstanding Balance
$733,665
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$116,158

Purchase Details

Closed on
Nov 9, 2021
Sold by
Davide Donald
Bought by
Davide Jr Trust

Purchase Details

Closed on
Nov 12, 2002
Sold by
Lunati Frank
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
Saju Shahnewaz $880,000 First American Title Ins Co
Saju Shahnewaz $880,000 First American Title Ins Co
Davide Jr Trust -- None Available
Davide Jr Trust -- None Available
-- $499,000 --
-- $499,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saju Shahnewaz $744,500
Closed Saju Shahnewaz $744,500
Previous Owner Davide Donald $500,500
Previous Owner Davide Donald $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2023 11/14/23 Sold $880,000 +2.3% $403 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
07/22/2023 07/22/23 For Sale $860,000 -- $394 / 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 $2,354 $583 $204 $379
2024 $2,354 $583 $204 $379
2023 $11,546 $583 $204 $379
2022 $11,853 $583 $204 $379
2021 $12,406 $558 $195 $363
2020 $12,808 $910 $474 $436
2019 $2,630 $1,055 $550 $505
2018 $11,434 $1,055 $0 $0
2017 $10,376 $1,055 $550 $505
2016 $12,784 $1,055 $550 $505
2015 $2,363 $1,055 $550 $505
2014 $2,363 $1,055 $550 $505
2013 $2,199 $1,055 $550 $505
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3492937

OneKey® MLS

APN: 2035-37-610-00-0004-0