NOT LISTED FOR SALE

1639 Hering Ave Bronx, NY 10461

Morris Park Neighborhood

Estimated Value: $1,052,173 - $1,300,000

8 Beds
5 Baths
2,850 Sq Ft
$398/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $990,000 $347 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,546/month

34 Days on Market

Highlights

  • Property is near public transit
  • Main Floor Primary Bedroom
  • 1 Car Attached Garage
  • Wood Flooring
  • Porch
  • Walk-In Closet

About This Home

As of June 2021

Accepted Offer. Great opportunity to own a legal three family beauty located in the upper section of Morris Park in the Indian Village vicinity. This home has two three bedrooms, 2 baths and terrace apartments. These are 1000 square feet each with hardwood floors, dining room and walk-in closet in the master bedroom. The first floor is a two bedroom one bath walk-in (no steps). This apartment is approximately 850 square feet and has tiled floors. There is a partial basement with common coin-op laundry, boiler room (3 boilers and 4 hot water heaters) and storage. Each apartment has their own heating system. The yard is manicured. There is a one car garage and private driveway. Current rents are below market. Tenants do not have leases. Property being sold with tenants in possession. Potential annual gross income $88,200. Real estate taxes are low $1,565.32 due to 421A tax abatement for approximately 6 more years.

Last Agent to Sell the Property

Maria Porco-Rosa

Prime Realty Group, Inc. License #31PO0881590 Listed on: 01/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,565

Year Built

  • Built in 2002

Lot Details

  • 3,093

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,850 Sq Ft Home
  • Wood Flooring
  • Partial Basement
  • Fire Sprinkler System

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 5 Full Bathrooms

Utilities

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

Additional Features

  • Porch
  • Two or More Common Walls
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cooking gas, electricity, heat
  • Assessor Parcel Number 2-4114-17

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,565

Year Built

Built in 2002

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 2002
  • Attribution Contact: 718-597-2300
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Master Downstairs, 1st Floor Bedrm, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Basement: Partial
  • Total Bedrooms: 8
  • Living Area: 2850.00
  • Square Footage: 2850.00

Exterior Features

  • Construction Materials: Brick
  • Patio and Porch Features: Porch

Garage/Parking

  • Total Parking Spaces: 2.00
  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Description: Attached, 1 Car Attached, Driveway

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Garbage Removal: Public
  • Heating: Natural Gas, Baseboard, Hot Water
  • Hot Water: Gas Stand Alone
  • Security: Fire Sprinkler System
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1200.00

Schools

  • Elementary School: Call Listing Agent
  • Middle School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School: Call Listing Agent

Lot Info

  • Lot Features: Near Public Transit
  • Parcel Number: 2-4114-17
  • Property Attached: Yes

Rental Info

  • Tenant Pays: Cooking Gas, Electricity, Heat

Tax Info

  • Close Date: 2021-06-15
  • Tax Annual Amount: 1565.00
  • Tax Map Number: 2-4114-17

Multi Family

  • Units Total: 3
  • Two Bedrooms: 1
  • Three Bedrooms: 2
  • Separate Electric Meters: 4
  • Separate Gas Meters: 4

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2021
Closed on
Jun 15, 2021
Sold by
Hering Avenue Inc
Bought by
Bright Sunrise Enterprises Llc
Seller's Agent
Maria Porco-Rosa
Prime Realty Group, Inc.
List Price
$1,099,999
Sold Price
$990,000
Premium/Discount to List
-$109,999
-10%
Current Estimated Value
$1,135,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,543
Avg. Annual Appreciation
5.04%
Original Mortgage
$594,000
Outstanding Balance
$542,456
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$671,126

Purchase Details

Closed on
May 2, 2003
Sold by
Hering Avenue Inc
Bought by
Hering Avenue Inc
Source: Public Records

Range of Values:

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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
Bright Sunrise Enterprises Llc $990,000 --
Hering Avenue Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bright Sunrise Enterprises Llc $594,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2021 06/15/21 Sold $990,000 -10.0% $347 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $1,099,999 -- $386 / 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 $3,296 $52,877 $9,659 $43,218
2024 $3,296 $52,478 $9,659 $42,819
2023 $1,502 $65,280 $11,640 $53,640
2022 $1,476 $65,580 $11,640 $53,940
2021 $1,556 $59,040 $11,640 $47,400
2020 $1,565 $53,100 $11,640 $41,460
2019 $1,547 $46,080 $11,640 $34,440
2018 $1,507 $41,258 $9,307 $31,951
2017 $1,507 $38,923 $9,299 $29,624
2016 $1,478 $36,720 $8,603 $28,117
2015 $1,010 $36,720 $10,727 $25,993
2014 $1,010 $36,444 $12,782 $23,662
Source: Public Records

Agents Affiliated with this Home

  • Maria Porco-Rosa

    Seller's Agent in 2021

    Maria Porco-Rosa

    Prime Realty Group, Inc.

    (347) 739-4122

    5 in this area

    104 Total Sales

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Map

Source: OneKey® MLS

MLS Number: KEY6093888

OneKey® MLS

APN: 04112-0017

New York Bronx County Bronx 10461 Morris Park

1639 Hering Ave, Bronx, NY

This home is located at 1639 Hering Ave, Bronx, NY 10461 since 27 January 2021 and is currently estimated at $1,135,543, approximately $398 per square foot. This property was built in 2002. 1639 Hering Ave is a home located in Bronx County with nearby schools including P.S. 108 Philip J Abinanti, J.H.S. 144 Michelangelo, and Emblaze Academy Charter School.

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