NOT LISTED FOR SALE

2235 Wallace Ave Bronx, NY 10467

Allerton Neighborhood

Estimated Value: $1,097,129 - $1,198,000

Studio
-- Bath
3,968 Sq Ft
$291/Sq Ft Est. Value

Sale Details

Date Sold: May 7, 2014

Last sale price $580,000 $146 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $6,788 / mo

75 Days on Market

Highlights

  • Colonial Architecture
  • 5-minute walk to Pelham Parkway (2,5 Line)
  • 2 Car Detached Garage
  • Property is near public transit
  • Main Floor Bedroom
  • Eat-In Kitchen

About This Home

As of May 2014

Great opportunity to own a legal 3 family Brick detach with a 2 car garage by Pelham Parkway. Main unit completed renovated with granite countertops, stainless steel appliances, new bathroom, freshly painted & hardwood floors redone. 2 -3 bedroom apartments. 3rd apartment can easily be 3 bedrooms. Units are kept very well. Tenants on month to month & not at market value rent. Large backyard, great for entertaining. Close to buses, trains, shops & highways. Taxes do not include star reduction.

Last Agent to Sell the Property

Eric Stein

RE/MAX Distinguished Hms.&Prop Brokerage Phone: 914-346-8255 License #49ST1168831 Listed on: 01/09/2014

RE/MAX Distinguished Hms.&Prop

Last Buyer's Agent

Rajazamir Asghar

ARA1 Realty Group, LLC License #49AS1171074

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,185

Year Built

  • Built in 1920

Lot Details

  • 5,009 Sq Ft Lot
  • No Common Walls
  • Back Yard Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Main Floor Bedroom
  • 3,968 Sq Ft Home
  • Utility Basement
  • Eat-In Kitchen

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Oil

Additional Features

  • Patio
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 04345-0038

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,185

Year Built

Built in 1920

Lot Details

5,009 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1920
  • Attribution Contact: 914-346-8255
  • Village: Bronx
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: First Floor Bedroom, Eat-in Kitchen
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Basement: Utilities
  • Living Area: 3968
  • SquareFootage: 3968.00

Exterior Features

  • Construction Materials: Brick
  • Fencing: Back Yard
  • Patio and Porch Features: Patio

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Detached, 2 Car Detached

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Steam
  • Sewer: Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdditionalFeesYN: 0

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 0.1150
  • Lot Size Sq Ft: 5009
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04345-0038
  • Zoning Description: Multi
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 5185
  • Tax Map Number: 04345-0038

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Call Listing Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2024
Sold by
2235 Wallace Avenue Inc
Bought by
Bronx Re Corp
Current Estimated Value
$1,156,032

Purchase Details

Closed on
Nov 5, 2018
Sold by
Al Owmari Samera N and Ali Mustafa S
Bought by
2235 Wallace Avenue Inc

Purchase Details

Listed on
Jan 9, 2014
Closed on
May 5, 2014
Sold by
Marti Development Llc
Bought by
Al-Owmari Samera Naji Ali
Seller's Agent
Eric Stein
RE/MAX Distinguished Hms.&Prop
Buyer's Agent
Rajazamir Asghar
ARA1 Realty Group, LLC
List Price
$575,000
Sold Price
$580,000
Premium/Discount to List
$5,000
0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Jun 27, 2013
Sold by
Tycon Joseph
Bought by
Marti Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2013
Sold by
Estate Of Henry Tycon and Joseph Tycon As
Bought by
Tycon Joseph
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bronx Re Corp -- None Listed On Document
2235 Wallace Avenue Inc -- --
2235 Wallace Avenue Inc -- --
Al-Owmari Samera Naji Ali $570,000 --
Marti Development Llc $370,000 --
Marti Development Llc $370,000 --
Tycon Joseph -- --
Tycon Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marti Development Llc $307,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2014 05/07/14 Sold $580,000 +0.9% $146 / Sq Ft
03/26/2014 03/26/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $575,000 -- $145 / Sq Ft
Source: OneKey® MLS

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 $8,416 $44,418 $9,927 $34,491
2024 $8,416 $41,904 $8,514 $33,390
2023 $8,510 $41,904 $9,482 $32,422
2022 $8,302 $57,120 $13,020 $44,100
2021 $8,257 $55,920 $13,020 $42,900
2020 $7,835 $58,200 $13,020 $45,180
2019 $7,305 $47,700 $13,020 $34,680
2018 $7,118 $34,920 $12,443 $22,477
2017 $4,966 $34,657 $11,447 $23,210
2016 $5,915 $32,696 $12,025 $20,671
2015 $3,889 $30,846 $9,693 $21,153
2014 $3,889 $29,100 $10,860 $18,240
Source: Public Records

Agents Affiliated with this Home

  • Eric Stein

    Seller's Agent in 2014

    Eric Stein

    RE/MAX

    (914) 469-8125

    264 Total Sales

    Eric Stein
    Section Image
  • Rajazamir Asghar

    Buyer's Agent in 2014

    Rajazamir Asghar

    ARA1 Realty Group, LLC

    (914) 494-5657

    15 Total Sales

    Rajazamir Asghar
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEYH3400749

OneKey® MLS

APN: 04345-0038

New York Bronx County Bronx 10467 Allerton

2235 Wallace Ave, Bronx, NY

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