NOT LISTED FOR SALE
6 Beds
3 Baths
7,876 Sq Ft
0.6 Acres

Last Sold January 03, 2013

Last sale price $1,375,000 $175 Per Sq Ft

70 Days on Market

About This Home

As of January 2013

Extremely well maintained 7 unit property in great Floral Park Location. Majority two bedroom units. Seller is highly motivated and all offers are encourage to be submitted. Seller looking to close this year.

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 10/09/2012

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 10/09/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.6

Parking

  • 1 Car Garage

Home Design

  • 7,876 Sq Ft Home
  • Frame Construction
  • Clay Roof
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 0.6 Acre Lot
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 39911102

Community Details

Overview

  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $3,046
  • Maintenance Expense $8,456
  • Other Expense $750
  • Trash Expense $3,660
  • Water Sewer Expense $3,660
  • New Taxes Expense $19,001
  • Gross Income $9,890
  • Net Operating Income $72,373

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 4.55
  • View: No
  • Water Sewer Expenses: 3660.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 39911102
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 174.58

Exterior Features

  • Pool Private: No
  • Roof: Clay
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 11.00

Utilities

  • Heating: No
  • Laundry: No
  • Trash Expense: 3660.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 26250.00
  • Lot Size Acres: 0.6030

Multi Family

  • Gross Income: 9890.00
  • Gross Multiplier: 13.40
  • Gross Scheduled Income: 118680.00
  • Gross Spendable Income: 12398.00
  • Insurance Expense: 3046.00
  • Maintenance Expense: 8456.00
  • Maintenance Percent: 8.00
  • Net Operating Income: 72373.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 40373.00
  • Operating Expense Percent: 34.00
  • Other Expense: 750.00
  • Other Expense Description: Admin
  • Vacancy Allowance: 5934
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 19001.00

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
01/03/2013 01/03/13 Sold $1,375,000 -13.5% $175 / Sq Ft
12/18/2012 12/18/12 Pending -- -- --
10/09/2012 10/09/12 For Sale $1,590,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P837623

California Regional Multiple Listing Service (CRMLS)