NOT LISTED FOR SALE

Estimated Value: $842,000 - $967,703

7 Beds
5 Baths
2,024 Sq Ft
$448/Sq Ft Est. Value

Last Sold March 23, 2022

Last sale price $835,000 $413 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,329/month

Highlights

  • Wood Flooring
  • 4-minute walk to Beach 98 Street
  • Back Yard
  • Baseboard Heating
  • Private Driveway

About This Home

As of March 2022

Great opportunity to own this 2 family income producing house from day one of ownership in the heart of Rockaway Park just 1 block to the beach and boardwalk. This house has a 2nd floor and a 3rd floor apartment, each with 3 bedrooms, living room, dining area, kitchen, 2 bathrooms, hardwood floors and a terrace. Nicely updated interior condition. As a bonus, the ground floor is fully finished with 1 bedroom, entertaining room, 1 full bathroom that can be used as guest quarters, your own office space or owner's overnight beach retreat. Fenced in backyard. Space to accommodate 2 parking spots in front of building. 1 apartment occupied, paying tenant and 1 apartment vacant. Centrally located to shopping, express bus, A train, ferry to NYC and short distance to the newest hip restaurants. Call today for your private showing.

Last Agent to Sell the Property

Melissa Carrington

RE/MAX Elite License #10491209088 Listed on: 09/13/2021

RE/MAX Elite

Last Buyer's Agent

Melissa Carrington

RE/MAX Elite License #10491209088 Listed on: 09/13/2021

RE/MAX Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,047

Year Built

  • Built in 2005

Lot Details

  • 1,575 Sq Ft Lot
  • Lot Dimensions are 71 x 22
  • Back Yard

Home Design

  • Poured Concrete
  • Asphalt Roof
  • Stucco Exterior

Interior Spaces

  • 2,024 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Finished Basement
  • Walk-Out Basement
  • Stove

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Private Driveway

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 16156

Community Details

Overview

  • 2 Units

Building Details

  • 2 Vacant Units
  • Insurance Expense $3,000
  • Net Operating Income $45,352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,047

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Walk-in
  • Total Bathrooms: 5.00
  • Baths Total Level1: 1.00
  • Baths Total Level2: 2.00
  • Baths Total Level3: 2.00
  • Beds Total Level1: 1
  • Beds Total Level2: 3
  • Beds Total Level3: 3
  • Borough: Queens
  • Building Footprint Sq Ft: 1012
  • Building Length: 44.00
  • Building Width: 23.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: Rockaway Beach Boulevard
  • Cross Street Name2: Rockaway Freeway
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Negotiate Thru: Broker
  • Number Of Available Units: 2
  • Number Of Families: 2
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Private Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Rent Income Period: 2021
  • Residential Features: Refrigerator, Stove
  • Rooms Total Level1: 3
  • Rooms Total Level2: 5
  • Fill Sq Ft Total: 2024
  • Building Stories: 3
  • Street Name I D X: Beach 100th
  • Street Number I D X: 233
  • Building Style: Other
  • Waterfront Present: No
  • Year Built: 2005
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 5
  • Total Bedrooms: 7
  • Flooring: Hardwood
  • Lot Sq Ft: 1575
  • Total Rooms: 13

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Block
  • Exterior: Stucco
  • Foundation Details: Poured Concrete
  • Lot Number: 81
  • Roof: Asphalt/Tar

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 71
  • Lot Size Width: 22
  • Zoning: R5D

Multi Family

  • Annual Gross Expense: 3000.00
  • Insurance Expense: 3000.00
  • Property Net Operating Income: 45352.00
  • Unit Count: 2

Tax Info

  • Flip Tax Amount: 4047.40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Mar 23, 2022
Sold by
Migliore Ralph
Bought by
Themistocleous Marina and Themistocleous Mario
Seller's Agent
Melissa Carrington
RE/MAX Elite
Buyer's Agent
Melissa Carrington
RE/MAX Elite
Sold Price
$835,000
Current Estimated Value
$906,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,926
Avg. Annual Appreciation
2.12%
Original Mortgage
$709,750
Outstanding Balance
$665,557
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$230,835

Purchase Details

Closed on
Jul 27, 2012
Sold by
Okpala Vincent
Bought by
Migliore Ralph

Purchase Details

Closed on
Dec 2, 2005
Sold by
Charm Development Corp
Bought by
Okpala Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,192
Interest Rate
6.34%
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
Themistocleous Marina $835,000 --
Migliore Ralph $225,000 --
Migliore Ralph $225,000 --
Okpala Vincent $570,960 --
Okpala Vincent $570,960 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Themistocleous Marina $709,750
Previous Owner Migliore Ralph $217,000
Previous Owner Okpala Vincent $114,192
Previous Owner Okpala Vincent $456,768
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2022 03/23/22 Sold $835,000 0.0% $413 / Sq Ft
03/23/2022 03/23/22 Sold $835,000 -2.3% $413 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
10/19/2021 10/19/21 Price Changed $855,000 -3.4% $422 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/10/2021 09/10/21 Price Changed $885,000 -1.1% $437 / Sq Ft
08/23/2021 08/23/21 Price Changed $895,000 -3.2% $442 / Sq Ft
07/28/2021 07/28/21 For Sale $925,000 -- $457 / 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 $4,373 $21,773 $3,026 $18,747
2024 $4,373 $21,773 $2,869 $18,904
2023 $4,340 $21,608 $3,159 $18,449
2022 $3,160 $46,140 $6,420 $39,720
2021 $4,047 $45,840 $6,420 $39,420
2020 $3,841 $41,220 $6,420 $34,800
2019 $3,796 $36,900 $6,420 $30,480
2018 $3,671 $18,007 $4,450 $13,557
2017 $3,463 $16,988 $4,809 $12,179
2016 $3,204 $16,988 $4,809 $12,179
2015 $2,028 $15,120 $5,340 $9,780
2014 $2,028 $15,120 $5,340 $9,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 455532

Brooklyn Board of REALTORS®

APN: 16156-0081