NOT LISTED FOR SALE
24 Beds
12 Baths
13,543 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: September 16, 2024

Last sale price $7,545,000 $557 Per Sq Ft

140 Days on Market

Highlights

  • Medical Services
  • 0.28 Acre Lot
  • Wood Flooring
  • City View
  • Property is near public transit and schools
  • Jogging Path

About This Home

As of September 2024

Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!

Last Agent to Sell the Property

William Senne

Senne Listed on: 04/10/2024

Senne

Co-Listed By

Moises Morin-Martinez

Senne

Last Buyer's Agent

Yan Rong

United Real Estate, LLC

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $37,178

Year Built

  • Built in 1910

Lot Details

  • 0.28

Home Design

  • Brick Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 13,543 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • City Views
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Full Bathrooms

Parking

  • 12 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Additional Features

  • 12,194 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $5,150

Community Details

Overview

  • 12 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $65,000
  • Net Operating Income $520,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$37,178

Year Built

Built in 1910

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1910
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Total Bedrooms: 24
  • Full Bathrooms: 12
  • Total Bathrooms: 12
  • Basement: Full
  • Living Area: 13543
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6753
  • MAIN SO: AN1807

Exterior Features

  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Assigned, Driveway
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12194
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 37178

Multi Family

  • Net Operating Income: 520000
  • Number Of Units Total: 12
  • Operating Expense: 65000
  • Total Actual Rent: 5150
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: Y

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Sep 11, 2024
Sold by
Bought by
Seller's Agent
William Senne
Senne
Buyer's Agent
Yan Rong
United Real Estate, LLC
List Price
$8,400,000
Sold Price
$7,545,000
Premium/Discount to List
-$855,000
-10.18%
Views
38

Purchase Details

Closed on
Sep 4, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,650,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 26, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$7,545,000 None Available
-- --
$4,365,000 --
$2,996,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,800,000
Previous Owner $4,650,000
Closed $1,000,000
Previous Owner $3,632,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/16/2024 09/16/24 Sold $7,545,000 -5.6% $557 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
07/23/2024 07/23/24 Price Changed $7,995,000 -4.8% $590 / Sq Ft
07/22/2024 07/22/24 For Sale $8,400,000 +11.3% $620 / Sq Ft
07/01/2024 07/01/24 Off Market $7,545,000 -- --
06/19/2024 06/19/24 For Sale $8,400,000 0.0% $620 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/16/2024 05/16/24 Price Changed $8,400,000 0.0% $620 / Sq Ft
05/16/2024 05/16/24 For Sale $8,400,000 -5.5% $620 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $8,888,000 0.0% $656 / Sq Ft
04/01/2015 04/01/15 Rented $2,250 0.0% --
04/01/2015 04/01/15 For Rent $2,250 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $38,556 $3,534,000 $737,900 $2,796,100
2024 $37,178 $3,534,000 $737,900 $2,796,100
2023 $36,533 $3,533,200 $737,900 $2,795,300
2022 $33,494 $3,290,200 $737,900 $2,552,300
2021 $27,516 $2,700,300 $737,900 $1,962,400
2020 $26,046 $2,581,400 $737,900 $1,843,500
2019 $23,936 $2,224,500 $737,900 $1,486,600
2018 $22,739 $2,010,500 $737,900 $1,272,600
2017 $22,003 $1,885,400 $696,000 $1,189,400
2016 $20,787 $1,659,000 $659,900 $999,100
2015 $20,920 $1,659,000 $659,900 $999,100
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73222468

MLS Property Information Network (MLS PIN)
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