$527,000
SOLD NOV 3, 2014
-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Recently Sold

4% Below List Price

128 Days on Market

About This Home

As of November 2014

Calling all investors and homeowners looking for income-producing properties! Fantastic investment opportunity to own a brick 2-family home in the very desirable neighborhood of Riverdale in the Bronx. Live in one unit and rent out the other for additional income. This brick building is 22 ft x 46 ft and is situated on a 25 ft x 90 ft lot. It features a 1 car garage and a parking space for 1 car and has a nicely sized backyard. Both units are currently occupied and paying under-market rents. Average rents in Riverdale are over $30/sf for renovated units. The 1 train station is 2 blocks away at West 238th Street; Manhattan College is minutes from this area and all major roads and highways are extremely close including I-87 Major Deegan, Henry Hudson Pkwy and Mosholu Pkwy making this location central to Manhattan and Westchester counties. Priced competitively to move quickly. The property adjacent to 266 West 236th and is also for sale and listed at $549K. Both buildings can be purchased together or individually. If purchased together, the lot size is approximately 50 ft x 90 ft with a huge opportunity and upside.

Last Listed By

Jay Ra

Douglas Elliman Real Estate License #10401248768 Listed on: 05/28/2014

Douglas Elliman Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,797

Year Built

  • Built in 1952

Interior Spaces

  • 2-Story Property

Community Details

  • 2 Units
  • Riverdale Subdivision

Listing and Financial Details

  • Tax Block 5761

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,797

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: Corlear Ave and Kingsbridge Av
  • Delivered Vacant: No
  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: RIVERDALE
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Total: 0

Building Info

  • Units: 2
  • Total Stories: 2
  • Year Built: 1952

Tax Info

  • Tax Block: 5761
  • Building Tax Lot: 432

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2014
Closed on
Nov 3, 2014
Sold by
Christine Mona Osterkamp Executor
Bought by
Chen Jin Chiu and Chen Jin Feng
Seller's Agent
Jay Ra
Douglas Elliman Real Estate
Buyer's Agent
Jay Ra
Douglas Elliman Real Estate
List Price
$549,000
Sold Price
$527,000
Premium/Discount to List
-$22,000
-4.01%
Total Days on Market
128
Current Estimated Value
$866,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,864
Avg. Annual Appreciation
5.22%
Original Mortgage
$395,250
Outstanding Balance
$308,085
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$594,768

Purchase Details

Closed on
Mar 14, 2011
Sold by
Khoury Katharine Executor
Bought by
Khoury Katharine
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $527,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $395,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2014 11/04/14 Sold $527,000 0.0% $325 / Sq Ft
11/03/2014 11/03/14 Sold $527,000 -4.0% --
10/04/2014 10/04/14 Pending -- -- --
08/11/2014 08/11/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $549,000 0.0% $339 / Sq Ft
05/28/2014 05/28/14 For Sale $549,000 -- --
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
2024 $6,797 $33,840 $12,231 $21,609
2023 $6,797 $33,840 $10,622 $23,218
2022 $6,820 $40,920 $12,600 $28,320
2021 $6,668 $42,960 $12,600 $30,360
2020 $6,327 $41,940 $12,600 $29,340
2019 $5,899 $40,020 $12,600 $27,420
2018 $5,749 $28,200 $7,854 $20,346
2017 $5,705 $27,986 $10,081 $17,905
2016 $5,278 $26,403 $9,813 $16,590
2015 $3,184 $24,909 $10,930 $13,979
2014 $3,184 $23,500 $10,530 $12,970
Source: Public Records

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10472493

Real Estate Board of New York (REBNY)

APN: 05761-0432