NOT LISTED FOR SALE

Estimated Value: $1,003,000 - $1,225,000

7 Beds
6 Baths
3,100 Sq Ft
$362/Sq Ft Est. Value

Last Sold March 17, 2020

Last sale price $975,000 $315 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,912/month

31 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Primary Bedroom
  • Skylights
  • Ps 207 Elizabeth G Leary Rated A-
  • Formal Dining Room
  • Attached Garage

About This Home

As of March 2020

2014 East 56th Street is an excellent opportunity to invest in an income-producing property; offering a total of 4,200 square feet of space which consists of 3 floors, private garage parking, full finished basement, and approximately 500 square feet of private outdoor space. 2014 East 56th Street boasts 7 bedrooms, 3 full bathrooms, and 3 half bathrooms. There is a convenient 1-bedroom guest suite on the walk-in level. The 2nd and 3rd FL both consists of 3 bedrooms, 1.5 bathrooms, and a balcony., Additional information: Appearance:EXCELLENT,Business Located At:,Rental Income:,Separate Hotwater Heater:Y

Last Agent to Sell the Property

Brina Ciaramella

Esquire Realty Ciaramella & Co Brokerage Phone: 347-838-3200 License #10491213703 Listed on: 12/02/2019

Last Buyer's Agent

Shanie Baran

Sovereign Realty of NY Inc License #10311203935

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,500

Year Built

  • Built in 1940

Lot Details

  • 2,200 Sq Ft Lot
  • Lot Dimensions are 22 x 100

Parking

  • Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • Skylights
  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 0051 / 08547

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,500

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Year Built: 1940
  • Attribution Contact: 347-838-3200
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Formal Dining, Master Downstairs
  • Flooring: Carpet, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 7
  • Window Features: Skylight(s)
  • Basement YN: No

Exterior Features

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

Garage/Parking

  • Parking Description: Attached, Private

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 22 X 100
  • Lot Size Sq Ft: 2200
  • Property Attached: Yes
  • Additional Parcels: No
  • Zoning: R5

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 8500
  • Tax Block: 08547
  • Tax Lot: 0051

MLS Schools

  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Mar 17, 2020
Sold by
Patricia Tews As Executor and The Estate Of Elizabeth Tews
Bought by
Lin Qiang and Zheng Chunxiu
Seller's Agent
Brina Ciaramella
Esquire Realty Ciaramella & Co
Buyer's Agent
Shanie Baran
Sovereign Realty of NY Inc
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%
Current Estimated Value
$1,109,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,838
Avg. Annual Appreciation
2.76%
Original Mortgage
$675,000
Outstanding Balance
$600,556
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$528,916

Purchase Details

Closed on
Jun 24, 2005
Sold by
Tews As Executor Elizabeth and The Estate Of Reno Paulis
Bought by
Tews Elizabeth

Purchase Details

Closed on
Oct 2, 2003
Sold by
Estate Of Anna Mazza and Paulis
Bought by
Paulis Reno
Source: Public Records

Range of Values:

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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
Lin Qiang $975,000 --
Lin Qiang $975,000 --
Tews Elizabeth -- --
Tews Elizabeth -- --
Paulis Reno -- --
Paulis Reno -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Qiang $675,000
Closed Lin Qiang $675,000
Previous Owner Paulis Reno $63,897
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Off Market $975,000 -- --
03/17/2020 03/17/20 Sold $975,000 -11.4% $315 / Sq Ft
01/02/2020 01/02/20 Pending -- -- --
12/02/2019 12/02/19 For Sale $1,100,000 -- $355 / Sq Ft
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
2025 $10,035 $52,740 $11,400 $41,340
2024 $10,035 $62,040 $11,400 $50,640
2023 $9,905 $63,480 $11,400 $52,080
2022 $9,355 $58,800 $11,400 $47,400
2021 $9,304 $52,020 $11,400 $40,620
2020 $4,391 $58,140 $11,400 $46,740
2019 $8,710 $48,780 $11,400 $37,380
2018 $8,285 $40,641 $9,533 $31,108
2017 $7,960 $39,050 $9,037 $30,013
2016 $7,365 $36,840 $11,400 $25,440
2015 $4,404 $34,980 $12,660 $22,320
2014 $4,404 $34,698 $12,558 $22,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3183711

OneKey® MLS

APN: 08547-0051