$1,400,000
SOLD JAN 6, 2025
7 Beds
3 Baths
-- Sq Ft
2,517 Sq Ft Lot

Recently Sold

15% Below List Price

166 Days on Market

Highlights

  • Attached Garage
  • P.S. 2 Alfred Zimberg Rated A-
  • Baseboard Heating

About This Home

As of January 2025

Stunning 3-Family Home in East Elmhurst - Perfect for Investors and Homeowners Alike! Discover the perfect blend of comfort, convenience, and investment potential at this exceptional 3-family home in the heart of East Elmhurst. Located on a serene, tree-lined street, this property offers a unique opportunity for homeowners and investors seeking a versatile living space in one of Queens' most desirable neighborhoods. Property Highlights: Three Distinct Units: Each unit features spacious living areas, eat in kitchens, and ample bedrooms, providing an ideal setup for multi-generational living or rental income. The first-floor unit is a cozy one-bedroom, the second-floor unit boasts three bedrooms and the third-floor unit also offers three bedrooms, providing ample space and comfort. Outdoor Spaces: Enjoy the outdoors with a charming backyard perfect for entertaining, gardening, or simply relaxing. Additionally, the property includes a welcoming front yard and private entrances for each unit. Parking: The property includes a one-car garage and additional driveway space that can accommodate multiple cars, offering ample parking for residents and guests. Prime Location: Situated just minutes from LaGuardia Airport, major highways, and public transportation, this home offers easy access to Manhattan and other parts of NYC. You'll also find an array of dining, shopping, and recreational options nearby. Investment Potential: With three rentable units, this property is a fantastic investment opportunity. Live in one unit and rent out the others, or lease all three for maximum income. Neighborhood Appeal: East Elmhurst is known for its vibrant community, excellent schools, and beautiful parks. It's a neighborhood that combines the charm of suburban living with the excitement of city life.

Last Agent to Sell the Property

Gianfranco Salamone

NextHome Empire Brokerage Phone: 718-626-6737 License #10401348617 Listed on: 05/30/2024

NextHome Empire

Last Buyer's Agent

Gianfranco Salamone

NextHome Empire Brokerage Phone: 718-626-6737 License #10401348617 Listed on: 05/30/2024

NextHome Empire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,031

Year Built

  • Built in 1970

Lot Details

  • 2,517 Sq Ft Lot
  • Lot Dimensions are 25x100
  • 1 Common Wall

Parking

  • Attached Garage

Home Design

  • Triplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Schools

  • Ps 2 Alfred Zimberg Elementary School
  • Is 141 Steinway Middle School
  • William Cullen Bryant High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 00946-0034

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,031

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Triplex
  • Year Built: 1970
  • Attribution Contact: 718-626-6737
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Basement: Finished
  • Total Bedrooms: 7
  • Basement YN: No

Exterior Features

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

Garage/Parking

  • Parking Description: Private, Attached

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Is 141 Steinway (The)

Lot Info

  • Lot Dimensions: 25x100
  • Lot Size Sq Ft: 2517
  • Parcel Number: 00946-0034
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 11031

MLS Schools

  • Elementary School: Ps 2 Alfred Zimberg
  • High School: William Cullen Bryant High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jan 6, 2025
Sold by
Vlamakis Lambros
Bought by
Strati Charalambos and Zaimis-Strati Athanasia
Seller's Agent
Gianfranco Salamone
NextHome Empire
Buyer's Agent
Gianfranco Salamone
NextHome Empire
List Price
$1,650,000
Sold Price
$1,400,000
Premium/Discount to List
-$250,000
-15.15%
Total Days on Market
166
Views
7
Current Estimated Value
$1,412,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,365
Avg. Annual Appreciation
5.76%
Original Mortgage
$800,000
Outstanding Balance
$799,319
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$631,582

Purchase Details

Closed on
Sep 2, 2000
Sold by
Louvros Margaritis and Louvros Maria
Bought by
Vlamakis Lambros

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.78%
Source: Public Records

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Range of Values:

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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
Deed $1,400,000 --
Bargain Sale Deed $400,000 --
Bargain Sale Deed $400,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 Purchase Money Mortgage
Previous Owner $320,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $1,400,000 -15.2% --
11/12/2024 11/12/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $1,650,000 -- --
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
2024 $11,376 $59,918 $10,484 $49,434
2023 $11,031 $58,723 $10,632 $48,091
2022 $4,905 $72,660 $12,840 $59,820
2021 $5,206 $66,900 $12,840 $54,060
2020 $4,942 $73,500 $12,840 $60,660
2019 $4,564 $72,600 $12,840 $59,760
2018 $4,329 $48,936 $12,291 $36,645
2017 $4,088 $46,448 $10,311 $36,137
2016 $4,022 $46,448 $10,311 $36,137
2015 $5,285 $44,103 $10,877 $33,226
2014 $5,285 $41,610 $12,317 $29,293
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3555247

OneKey® MLS

APN: 00946-0034