NOT LISTED FOR SALE
-- Bed
-- Bath
1,908 Sq Ft
3,049 Sq Ft

Last Sold April 29, 2021

Last sale price $750,000 $393 Per Sq Ft

172 Days on Market

About This Home

As of April 2021

12,000 SF Buildable - Max Residential FAR 4.0

? Excellent lot in the Opportunity Zone

? Ideal for high-rent free-market new 14 unit residential building

? Property abuts a greenspace park behind it

Excellent & clean 3,000 SF Lot ready for quality new construction development. Quiet tree-lined residential street and just three blocks from the #4 train Burnside Ave station.

Projected Income: 14 quality new construction two bedroom units at $2,100 each $29,400 monthly/$352,800 gross annual. 8.675 CAP Potential

Block & Lot: 2868 & 161

Low Annual Taxes: $2,183.96

Lot size: 30? x 99.42?

FAR: 4.0

Zoning: R7-1Excellent & clean 3,000 SF Lot ready for quality new construction development. Buildable SF with community facility +14,000 SF(with deduction); Buildable SF without community facility+12,000 SF

Quiet tree-lined residential street and just three blocks from the # 4 train Burnside Ave station.

Low Annual Taxes: $2,183.96

Have Land & Architectural Survey as well as Architectural plans for the building

Last Agent to Sell the Property

Roland Levin

Douglas Elliman Real Estate License #40LE1005144 Listed on: 08/28/2020

Douglas Elliman Real Estate

Co-Listed By

Rafael Malka

Douglas Elliman Real Estate License #30MA1030034

Townhouse Details

Home Type

  • Townhome

Lot Details

  • 3,049

Community Details

  • Universityheights Subdivision

Listing and Financial Details

  • Legal Lot and Block 161 / 2868

Townhouse Details

Home Type

Townhome

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Cross Street: Kingsland Place
  • Delivered Vacant: No
  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: UNIVERSITYHEIGHTS
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Garage/Parking

  • Garage: No

Tax Info

  • Tax Block: 2868
  • Tax Lot: 161
  • Building Tax Lot: 161
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2021 04/29/21 Sold $750,000 -5.7% $393 / Sq Ft
08/28/2020 08/28/20 For Sale $795,000 -- $417 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $65,669 $753,076 $52,426 $700,650
2024 $65,669 $525,264 $38,364 $486,900
2023 $60 $24,302 $24,302 $0
2022 $2,044 $10,740 $10,740 $0
2021 $0 $9,660 $9,660 $0
2020 $2,145 $10,140 $10,140 $0
2019 $2,184 $10,440 $10,440 $0
2018 $3,317 $17,733 $8,184 $9,549
2017 $3,114 $16,748 $7,750 $8,998
2016 $2,853 $15,823 $6,731 $9,092
2015 $1,686 $14,977 $5,655 $9,322
2014 $1,686 $14,929 $5,931 $8,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10662513

Real Estate Board of New York (REBNY)

APN: 02868-0161

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