NOT LISTED FOR SALE

188 S Franklin St Nyack, NY 10960

South Nyack Neighborhood

Estimated Value: $720,630 - $843,000

6 Beds
3 Baths
1,969 Sq Ft
$390/Sq Ft Est. Value

Last Sold February 17, 2022

Last sale price $610,000 $310 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,401/month

14 Days on Market

Highlights

  • Property is near public transit
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Nyack Senior High School Rated A
  • Park
  • 3-minute walk to Frankin Street Park

About This Home

As of February 2022

Fully leased legal two family with a finished walkout basement. The building is located next to the newly built Hudson River walkway over the MC bridge. All units are leased with separate meters. Brand new boiler and water heater on both units. Priced right for quick sale. One of the lowest priced multifamily in Nyack neighborhood. So, line up your buyers and bring your offers before it gone.

Last Agent to Sell the Property

Linu Abraham

Abraham Properties NY Inc License #10311203323 Listed on: 01/03/2022

Last Buyer's Agent

Yossi Neuman

Metrex Realty INC License #10401347235

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,800

Year Built

  • Built in 1890

Lot Details

  • 5,663 Sq Ft Lot
  • No Common Walls

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,969 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Location

  • Property is near public transit

Schools

  • Liberty Elementary School
  • Nyack Middle School
  • Nyack Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • 3 Heating Zones
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 392407-066-053-0003-012-000-0000

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,800

Year Built

Built in 1890

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: 2 Story
  • Property SubType: Multi Family
  • Hamlet: Nyack
  • Year Built: 1890
  • Attribution Contact: 845-300-8899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Bilco Door(s)
  • Total Bedrooms: 6
  • Living Area: 1969.00
  • Square Footage: 1969.00

Exterior Features

  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 4.00
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Hot Water: Gas Stand Alone
  • Heating Zones: 3
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Nyack Middle School

Lot Info

  • Lot Size Acres: 0.1300
  • Lot Size Sq Ft: 5663.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 392407-066-053-0003-012-000-0000
  • Property Attached: No

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Close Date: 2022-02-17
  • Tax Annual Amount: 13800.00
  • Tax Map Number: 392407-066-053-0003-012-000-0000

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Liberty Elementary School
  • High School: Nyack Senior High School
  • Middle School District: Nyack

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2022
Closed on
Feb 17, 2022
Sold by
188 South Franklin Street Llc
Bought by
Fried Issac
Seller's Agent
Linu Abraham
Abraham Properties NY Inc
Buyer's Agent
Yossi Neuman
Metrex Realty INC
List Price
$599,900
Sold Price
$610,000
Premium/Discount to List
$10,100
1.68%
Current Estimated Value
$767,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,408
Avg. Annual Appreciation
5.79%
Original Mortgage
$457,500
Outstanding Balance
$421,567
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$345,841

Purchase Details

Closed on
Jul 22, 2020
Sold by
Kurian Sabu and Varghese Shibu
Bought by
188 South Franklin Street Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fried Issac $610,000 None Available
188 South Franklin Street Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fried Issac $457,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2022 02/17/22 Sold $610,000 +1.7% $310 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $599,900 +122.2% $305 / Sq Ft
03/21/2014 03/21/14 Sold $270,000 -43.6% $137 / Sq Ft View Prior Sale
01/20/2014 01/20/14 Pending -- -- --
06/16/2012 06/16/12 For Sale $479,000 -- $243 / Sq Ft
Source: OneKey® MLS

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
2024 $16,896 $194,000 $21,300 $172,700
2023 $16,896 $194,000 $21,300 $172,700
2022 $14,521 $194,000 $21,300 $172,700
2021 $14,521 $194,000 $21,300 $172,700
2020 $12,147 $194,000 $21,300 $172,700
2019 $3,208 $194,000 $21,300 $172,700
2018 $9,522 $194,000 $21,300 $172,700
2017 $12,147 $194,000 $21,300 $172,700
2016 $12,147 $194,000 $21,300 $172,700
2015 -- $194,000 $21,300 $172,700
2014 -- $194,000 $21,300 $172,700
Source: Public Records

Agents Affiliated with this Home

  • Linu Abraham

    Seller's Agent in 2022

    Linu Abraham

    Abraham Properties NY Inc

    (845) 300-8899

    1 in this area

    31 Total Sales

    Linu Abraham
    Section Image

  • Y

    Buyer's Agent in 2022

    Yossi Neuman

    Metrex Realty INC

    Section Image

  • R

    Seller's Agent in 2014

    Raj Bajaj

    Keller Williams Hudson Valley

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6159099

OneKey® MLS

APN: 392407-066-053-0003-012-000-0000

New York Rockland County Nyack 10960 South Nyack

188 S Franklin St, Nyack, NY

Not Listed for Sale

MultiFamily

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