$14,500,000
SOLD APR 5, 2025
-- Bed
-- Bath
2,350 Sq Ft
4,500 Sq Ft Lot

Recently Sold

$6,170 Per Sq Ft

867% Above List Price

68 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • 4 Car Attached Garage
  • P.S. 209 - Clearview Gardens Rated A
  • Subterranean Parking
  • Eat-In Kitchen

About This Home

As of April 2025

The original owners are selling a 1960 ALL-BRICK Detached house with two existing gas / hot water boilers and domestic hot water heaters!! There are six rooms, over six rooms, and three bedrooms in each apartment, with good-sized rooms that "need updating" to your style. Quiet yet accessible to EVERYTHING! Shopping, transportation buses to Main St and Express bus to Manhattan, just a short distance to schools, oversized lot, 4500 SF. Spacious open backyard with Southeast exposure! It will not last..., Additional information: Appearance:fair,Separate Hotwater Heater:yes

Last Agent to Sell the Property

Kevin OConnell

Tapestry Real Estate of Queens Brokerage Phone: 718-460-1943 License #10401201383 Listed on: 10/04/2024

Co-Listed By

Jim Powers

Tapestry Real Estate of Queens Brokerage Phone: 718-460-1943 License #31PO0764530

Last Buyer's Agent

Yan Xue Zheng

B Square Realty License #10301223441

B Square Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,744

Year Built

  • Built in 1960

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 45x100
  • Front Yard Sprinklers

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 2,350 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Eat-In Kitchen

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 4 Car Attached Garage
  • Subterranean Parking
  • Garage Door Opener
  • Driveway

Location

  • Property is near public transit

Schools

  • Ps 209 Clearview Gardens Elementary School
  • JHS 194 William Carr Middle School

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • Legal Lot and Block 49 / 5783
  • Assessor Parcel Number 05783-0049

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,744

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Levels: Two
  • Year Built: 1960
  • Attribution Contact: 718-460-1943
  • Co List Office Mls Id: KEYTREQ01
  • Co List Office Phone: 718-460-1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Flooring: Hardwood
  • Basement: Partial, Unfinished, Walk-Out Access
  • Living Area: 2350
  • Basement YN: No
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Materials: Brick, Frame
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 4
  • Parking Description: Garage Door Opener, Private, Attached, Driveway, Underground

Utilities

  • Cooling: Central Air
  • Heating: Hot Water, Natural Gas
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Jhs 194 William Carr

Lot Info

  • Lot Dimensions: 45x100
  • Lot Size Sq Ft: 4500
  • Lot Features: Near Public Transit, Near School, Near Shops, Sprinklers In Front
  • Parcel Number: 05783-0049
  • Property Attached: No
  • Additional Parcels: No

Rental Info

  • Lease Considered: No
  • Tenant Pays: Electricity, Gas, See Remarks, Heat

Multi Family

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

Tax Info

  • Tax Annual Amount: 11744
  • Tax Block: 5783
  • Tax Lot: 49

MLS Schools

  • Elementary School: Ps 209 Clearview Gardens

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
May 19, 2025
Sold by
Liu Jian Ping and Zheng Jin Xin
Bought by
Liu Jian Ping and Zheng Jin Xin
Seller's Agent
Kevin OConnell
Tapestry Real Estate of Queens
Buyer's Agent
Yan Xue Zheng
B Square Realty
List Price
$1,499,000
Sold Price
$14,500,000
Premium/Discount to List
$13,001,000
867.31%
Views
6
Current Estimated Value
$1,565,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,934,017
Avg. Annual Appreciation
-99.40%
Original Mortgage
$760,000
Outstanding Balance
$757,298
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$771,013

Purchase Details

Listed on
Oct 4, 2024
Closed on
Mar 31, 2025
Sold by
Garramone Gerardo F S and Paul Ignelzi As Trustee
Bought by
Liu Jian Ping and Zheng Jin Xin
Seller's Agent
Kevin OConnell
Tapestry Real Estate of Queens
Buyer's Agent
Yan Xue Zheng
B Square Realty
List Price
$1,499,000
Sold Price
$14,500,000
Premium/Discount to List
$13,001,000
867.31%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$757,298
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$771,013

Purchase Details

Closed on
Jan 3, 2007
Sold by
Ignelzi Vincenza
Bought by
Paul Ignelzi Trustee and Peter Ignelzi Trustee
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 Type Sale Price Title Company
Interfamily Deed Transfer -- --
Deed $1,520,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $760,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2025 04/05/25 Sold $14,500,000 +867.3% $6,170 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $1,499,000 -- $638 / 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 $11,732 $68,995 $12,135 $56,860
2024 $11,836 $65,093 $11,826 $53,267
2023 $11,053 $61,709 $12,432 $49,277
2022 $10,502 $76,740 $14,880 $61,860
2021 $11,218 $77,520 $14,880 $62,640
2020 $10,902 $85,200 $14,880 $70,320
2019 $10,086 $85,200 $14,880 $70,320
2018 $9,237 $51,424 $12,134 $39,290
2017 $9,484 $51,424 $10,789 $40,635
2016 $4,144 $51,424 $10,789 $40,635
2015 $5,646 $47,913 $13,949 $33,964
2014 $5,646 $45,204 $15,793 $29,411
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3582609

OneKey® MLS

APN: 05783-0049