$999,999
SOLD NOV 27, 2024

1940 Benedict Ave Bronx, NY 10462

Parkchester Neighborhood
7 Beds
3 Baths
3,704 Sq Ft
2,500 Sq Ft Lot

Recently Sold

$270 Per Sq Ft

2% Above List Price

0 Day on Market

Highlights

  • Wood Flooring
  • 3-minute walk to Parkchester
  • Heating System Uses Steam
  • Back, Front, and Side Yard
  • Handicap Accessible
  • 1-minute walk to Virginia Park

About This Home

As of November 2024

3-Family Home in Parkchester, Bronx! Welcome to this exceptional investment property in the highly desirable Parkchester neighborhood of the Bronx. This fully detached, three-level home features eight bedrooms and three bathrooms, making it a versatile option for investors or large families.

Key Features:

**7 Bedrooms**: Spacious rooms across three levels, ideal for maximizing rental income.

**3 Bathrooms**: Modern and well-maintained, ensuring convenience for all occupants.

**3 Levels**: Each level offers ample living space and privacy.

**Fully Detached**: Enjoy the benefits of a standalone property with no shared walls.

**Separate Entrances**: Each level has its own private entrance, enhancing privacy and rental potential.

**Yard**: A private outdoor space perfect for relaxation, gardening, or entertaining.

This property presents a unique opportunity to own a prime piece of real estate in Parkchester. Whether you're looking to invest or accommodate a multi-generational family, this home offers endless possibilities. Don’t miss out on this rare find in a well-sought-after location.

Last Agent to Sell the Property

Patrick Lennon

RE/MAX Edge License #10401351898 Listed on: 05/29/2024

RE/MAX Edge

Co-Listed By

Joseph Mistretta

RE/MAX Edge

RE/MAX Edge

Last Buyer's Agent

Joseph Mistretta

RE/MAX Edge

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,615

Year Built

  • Built in 1901

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 25.01' x 100'
  • Back, Front, and Side Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 3,704 Sq Ft Home
  • 3-Story Property
  • Stove

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Accessible Home Design

  • Handicap Accessible

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 3930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,615

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full, Separate Entrance, Walk-in
  • Total Bathrooms: 3.00
  • Borough: Bronx
  • Building Footprint Sq Ft: 1080
  • Building Length: 54.00
  • Building Width: 20.00
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Confirmed By M L S Y N: Yes
  • Cross Street: Metropolitan Avenue
  • Cross Street Name2: Benedict Avenue
  • Handicap Access Y N U: Yes
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window, Refrigerator, Stove
  • Fill Sq Ft Total: 3704
  • Building Stories: 3
  • Street Name I D X: Benedict
  • Street Number I D X: 1940
  • Year Built: 1901
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Total Bedrooms: 7
  • Flooring: Carpeting, Hardwood, Tile
  • Lot Sq Ft: 2500
  • Total Rooms: 16

Exterior Features

  • Yard: Back, Front, Side
  • Exterior Building Type: Detached
  • Construction Type: Block
  • Exterior: Brick, Brick - Federal, Stone, Vinyl Siding
  • Foundation Details: Block
  • Lot Number: 27
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Circuit Breakers
  • Heating Fuel: Electric, Gas
  • Hot Water: Gas

Lot Info

  • Lot Dimensions: 25.01' X 100'
  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: R6

Tax Info

  • Flip Tax Amount: 7615.00

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2024
Closed on
Nov 26, 2024
Sold by
Luis Morales and Morales Luz
Bought by
Ali Md Atib and Ali Shaikat Md
Seller's Agent
Patrick Lennon
RE/MAX Edge
Buyer's Agent
Joseph Mistretta
RE/MAX Edge
List Price
$979,000
Sold Price
$999,999
Premium/Discount to List
$20,999
2.14%
Views
31
Current Estimated Value
$1,051,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,435
Avg. Annual Appreciation
3.82%
Original Mortgage
$849,999
Outstanding Balance
$845,623
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,949

Purchase Details

Closed on
Apr 25, 2000
Sold by
Morales Luis
Bought by
Morales Luis and Morales Luz
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Deed $999,999 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $849,999 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $999,999 +2.1% $270 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $979,000 -- $264 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 $7,531 $39,746 $6,386 $33,360
2024 $7,531 $37,498 $6,527 $30,971
2023 $7,615 $37,498 $6,660 $30,838
2022 $7,038 $49,320 $9,900 $39,420
2021 $7,389 $46,740 $9,900 $36,840
2020 $7,011 $50,520 $9,900 $40,620
2019 $6,537 $40,740 $9,900 $30,840
2018 $6,370 $31,248 $6,939 $24,309
2017 $6,322 $31,013 $9,187 $21,826
2016 $5,849 $29,258 $8,266 $20,992
2015 $3,680 $27,602 $8,000 $19,602
2014 $3,680 $26,040 $9,060 $16,980
Source: Public Records

Agents Affiliated with this Home

  • Patrick Lennon

    Seller's Agent in 2024

    Patrick Lennon

    RE/MAX Edge

    (516) 524-6162

    2 in this area

    68 Total Sales

    Patrick Lennon
    Section Image
  • Joseph Mistretta

    Seller Co-Listing Agent in 2024

    Joseph Mistretta

    RE/MAX

    (718) 612-3088

    2 in this area

    40 Total Sales

    Joseph Mistretta
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 482377

Brooklyn Board of REALTORS®

APN: 03930-0027

New York Bronx County Bronx 10462 Parkchester

1940 Benedict Ave, Bronx, NY

This home is located at 1940 Benedict Ave, Bronx, NY 10462 and is currently priced at $999,999, approximately $269 per square foot. This property was built in 1901. 1940 Benedict Ave is a home located in Bronx County with nearby schools including P.S. 106 - Parkchester, M.S. 127 - The Castle Hill Middle School, and St Helena School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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