$1,395,000

Estimated payment $8,174/month

Total Views 725
5 Beds
4 Baths
2,633 Sq Ft
$530 Price per Sq Ft

About This Home

Prime Multi-Family Investment Opportunity – Legal 3-Family with Exceptional Parking Rare opportunity to acquire a fully renovated legal three-family property with strong income potential and long-term value. The property sits on a 26.33 ft × 100 ft lot with a building size of approximately 18.33 ft × 40 ft, and each floor features a two-bedroom apartment layout with a living room, full bathroom, and kitchen, making the units highly rentable and appealing to tenants. The entire building underwent a complete gut renovation in 2018, with permits filed and signed off. Major improvements include new boilers, upgraded heating systems, and a new roof, along with professionally repointed brick exterior, significantly reducing future capital expenditures. Each unit is equipped with its own boiler, gas meter, and electric meter, minimizing landlord utility responsibilities and improving operational efficiency. A separate utility room is also in place for maintenance and system access. A standout feature of the property is the extensive parking capacity, including a legal two-car garage, private driveway, and an oversized concrete backyard capable of accommodating up to eight additional vehicles—an extremely rare amenity that can enhance rental value. All units are currently occupied on a month-to-month basis, allowing immediate rental income while providing flexibility for rent adjustments or potential owner occupancy. This semi-detached, low-maintenance, turn-key property presents an excellent opportunity for investors seeking multiple revenue streams and long-term upside potential. Note: The property is still tenant-occupied with on-time payments. Showings are available for serious offers only.

Listing Agent

Long Jin

Howard Hanna NYC License #10401389621 Listed on: 03/24/2026

Co-Listing Agent

James Maaba

Howard Hanna NYC License #10401342759

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,724

Year Built

  • Built in 1950

Home Design

  • 2,633 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 2,633 Sq Ft Lot
  • No Heating

Community Details

  • 3 Units
  • Marine Park Subdivision

Listing and Financial Details

  • Property Available on 3/24/26
  • Legal Lot and Block 0012 / 7707

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,724

Year Built

Built in 1950

Lot Details

2,633 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Marine Park
  • Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 2633.0
  • Living Area Units: Square Feet
  • Basement: No

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • View: No
  • Exterior Features: Private Outdoor Space Under 60 Sqft

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building None
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2633.0

Building Info

  • New Construction: No
  • Units: 3
  • Year Built: 1950

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2026-03-24

Tax Info

  • Tax Block: 7707
  • Tax Lot: 0012
  • Tax Annual: 8724.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 $9,027 $43,380 $14,760 $28,620
2024 $9,027 $51,000 $14,760 $36,240
2023 $9,128 $51,240 $14,760 $36,480
2022 $8,780 $50,340 $14,760 $35,580
2021 $8,733 $42,060 $14,760 $27,300
2020 $8,287 $43,560 $14,760 $28,800
2019 $7,835 $37,800 $14,760 $23,040
2018 $7,835 $37,455 $13,650 $23,805
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2026 03/24/26 For Sale $1,395,000 -- $530 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $870,000 --
Deed $870,000 --
Deed $870,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Bargain Sale Deed $230,000 Fidelity National Title Ins
Bargain Sale Deed $230,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $652,500 Purchase Money Mortgage
Closed $652,500 Purchase Money Mortgage
Previous Owner $184,000 No Value Available
Closed $0 No Value Available
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20079123

Real Estate Board of New York (REBNY)

APN: 07707-0012

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