164-08 85th Ave Jamaica Hills, NY 11432
Jamaica Hills Neighborhood
10
Beds
3
Baths
2,680
Sq Ft
2,040
Sq Ft Lot
About This Home
As of October 2024Prime Investment Opportunity: Fully Occupied 3-Story 2-Family House with Attached Garage and Private Driveway. This meticulously maintained property presents an exceptional investment opportunity in a sought-after location. Situated conveniently close to St. John's University and in walking distance to the F train, this property is fully occupied by students who pay for their own electricity and gas. Combined monthly income is $6,600/mo, and the property features 10 bedrooms+3 bathrooms. Additional Information: R4A zone, lot size 20 x 102, building dimensions 20 x 48, taxes $9,089. Don't miss out on this exceptional opportunity to acquire a fully occupied income-generating property in a prime location. Schedule your viewing today!
Last Agent to Sell the Property
Commerce Realty Group Brokerage Phone: 718-751-5799 License #10491212190 Listed on: 05/10/2024
Last Buyer's Agent
Commerce Realty Group Brokerage Phone: 718-751-5799 License #10491212190 Listed on: 05/10/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,089
Year Built
- Built in 1960
Lot Details
- 2,040 Sq Ft Lot
- Lot Dimensions are 20x102
Home Design
- Duplex
- Brick Exterior Construction
Interior Spaces
- 2,680 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 3 Full Bathrooms
Parking
- 3 Parking Spaces
- Private Parking
- Driveway
Location
- Property is near public transit
Schools
- Ps 86 Elementary School
- JHS 217 Robert A Van Wyck Middle School
- High School For Community Leadership
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 28 / 9847
- Assessor Parcel Number 09847-0028
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2024
Closed on
Oct 31, 2024
Sold by
164-08 Llc
Bought by
Mahbub Mohammed A and Sultana Sabira
Seller's Agent
Marc Richter
Commerce Realty Group
Buyer's Agent
Marc Richter
Commerce Realty Group
List Price
$1,250,000
Sold Price
$1,160,000
Premium/Discount to List
-$90,000
-7.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,214
Avg. Annual Appreciation
8.60%
Original Mortgage
$870,000
Outstanding Balance
$862,683
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$379,531
Purchase Details
Closed on
Oct 14, 2014
Sold by
Guibas Diane and Guibas John C
Bought by
164-08 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
4.18%
Mortgage Type
New Conventional
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,160,000 | -- | |
| Deed | $675,000 | -- | |
| Deed | $675,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $870,000 | Purchase Money Mortgage | |
| Previous Owner | $405,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $1,160,000 | -7.2% | $433 / Sq Ft |
| 07/23/2024 07/23/24 | Pending | -- | -- | -- |
| 05/10/2024 05/10/24 | For Sale | $1,250,000 | -- | $466 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
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 | $9,090 | $47,972 | $12,836 | $35,136 |
| 2024 | $9,090 | $45,257 | $12,268 | $32,989 |
| 2023 | $8,575 | $42,696 | $11,415 | $31,281 |
| 2022 | $8,523 | $67,920 | $18,720 | $49,200 |
| 2021 | $8,918 | $56,280 | $18,720 | $37,560 |
| 2020 | $8,462 | $57,180 | $18,720 | $38,460 |
| 2019 | $7,889 | $50,460 | $18,720 | $31,740 |
| 2018 | $7,253 | $35,580 | $18,720 | $16,860 |
| 2017 | $7,270 | $35,665 | $16,583 | $19,082 |
| 2016 | $7,130 | $35,665 | $16,583 | $19,082 |
| 2015 | $4,058 | $35,254 | $20,594 | $14,660 |
| 2014 | $4,058 | $33,260 | $18,827 | $14,433 |
Source: Public Records
Agents Affiliated with this Home
-
Marc Richter
Seller's Agent in 2024
Marc Richter
Commerce Realty Group
(646) 342-8959
2 in this area
40 Total Sales
-
Kazi Ahmed
K
Buyer Co-Listing Agent in 2024
Kazi Ahmed
Exit Realty Prime
2 in this area
6 Total Sales
Map
Source: OneKey® MLS
MLS Number: L3549938
APN: 09847-0028
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The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.
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