NOT LISTED FOR SALE

Estimated Value: $3,235,000 - $3,708,000

9 Beds
3 Baths
4,500 Sq Ft
$774/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $3,245,000 $721 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $19,698/month

203 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to 45 Road-Court House Square
  • 2-minute walk to Murray Playground
  • P.S./I.S. 78Q Early Childhood Center Rated A

About This Home

As of May 2023

Welcome to 21-42 45th Road a beautifully maintained three-family in prime Long Island City. The property is currently configured as three, full-floor units with a fully finished basement. Each unit features hardwood floors, oversized ceilings, and original details that have been meticulously maintained throughout the years. It was originally built in 1891 and still has much of its original charm.

This property can easily be turned into a grandiose single family, kept as an end user three family and have over 15K of income every month, or turned into high end rentals that could generate as much as 23K a month,

On the same Block they did craftsmen condominiums where they made them into 6 unit buildings, about 5,000 square feet. The whole sell out came out to roughly about $1300 per foot or a total of $6,250,000.



The building is a sprawling 4,500sf (25ftx60ft) and sits on a 25ft x 100ft lot with M1-4/R6B Zoning. It is conveniently located just steps from the 7, G, E, and M subway trains as well as numerous restaurants and cafes. The property will be delivered vacant. Please reach out for any additional questions or to schedule a showing.

Last Agent to Sell the Property

Erion Ahmetaj

Compass License #10301219187 Listed on: 08/09/2022

Compass

Co-Listed By

Danielle Mickiewicz

Compass License #10301219086

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,363

Year Built

  • Built in 1891

Lot Details

  • Lot Dimensions are 25.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 4,500 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Community Details

  • Long Island City Subdivision

Listing and Financial Details

  • Legal Lot and Block 34 / 76

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,363

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Cross Street: 21st Street/23rd Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Living Area: 4500.0
  • Living Area Units: Square Feet
  • Rooms (Total): 15

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 9

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 25.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1891

Tax Info

  • Tax Block: 76
  • Tax Lot: 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
May 1, 2023
Sold by
Mammano Joseph
Bought by
Black Benjamin Thomas and Black Sandra
Seller's Agent
Erion Ahmetaj
Compass
List Price
$4,500,000
Sold Price
$3,245,000
Premium/Discount to List
-$1,255,000
-27.89%
Views
80
Current Estimated Value
$3,483,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,596
Avg. Annual Appreciation
3.25%
Original Mortgage
$2,504,000
Outstanding Balance
$2,436,182
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,064,493
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 Buyer Sale Price Title Company
Black Benjamin Thomas $3,245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Benjamin Thomas $2,504,000
Previous Owner Mammano Joseph $122,243
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $3,245,000 0.0% $721 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
03/01/2023 03/01/23 Off Market $3,245,000 -- --
12/05/2022 12/05/22 Price Changed $3,875,000 -13.9% $861 / Sq Ft
08/09/2022 08/09/22 For Sale $4,500,000 -- $1,000 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $10,363 $54,676 $7,920 $46,756
2024 $10,363 $51,595 $7,020 $44,575
2023 $10,363 $51,595 $6,048 $45,547
2022 $10,214 $195,960 $27,480 $168,480
2021 $10,164 $162,420 $27,480 $134,940
2020 $9,644 $139,680 $27,480 $112,200
2019 $8,994 $131,820 $27,480 $104,340
2018 $8,765 $42,996 $9,981 $33,015
2017 $8,692 $42,638 $13,571 $29,067
2016 $8,046 $42,638 $13,571 $29,067
2015 $4,851 $37,969 $15,680 $22,289
2014 $4,851 $35,830 $14,797 $21,033
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10847192

Real Estate Board of New York (REBNY)

APN: 00076-0034