$525,000
SOLD OCT 7, 2014
5 Beds
2 Baths
1,620 Sq Ft
2,353 Sq Ft Lot

Recently Sold

$324 Per Sq Ft

4% Below List Price

48 Days on Market

Highlights

  • 0.05 Acre Lot
  • 4-minute walk to 238 Street
  • Cooling System Mounted In Outer Wall Opening
  • Milton Fein School Rated A-
  • 1 Car Attached Garage
  • Patio

About This Home

As of October 2014

Fantastic investment opportunity to own a brick 2-family home in the very desirable neighborhood of Riverdale of 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 1 driveway parking space and has a nicely sized paved backyard. 1st floor unit is vacant and the 2nd floor unit is occupied and paying under-market rent. 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 away 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. The property adjacent to 262 West 236th is also for sale and listed at $549K. Both buildings can be purchased together or individually. Please note these photos are from the adjacent building 262 W 232nd St.

Last Agent to Sell the Property

Jay Ra

Douglas Elliman Real Estate Brokerage Phone: 718-884-5815 License #10401248768 Listed on: 06/06/2014

Douglas Elliman Real Estate

Last Buyer's Agent

Anthony Del Vecchio

RMD Property Management Corp License #10311200693

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,510

Year Built

  • Built in 1952

Lot Details

  • 2,353 Sq Ft Lot
  • Two or More Common Walls
  • Stone Wall

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • 1,620 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas, electricity

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,510

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1952
  • Attribution Contact: 718-884-5815
  • Village: Riverdale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: None
  • Total Bedrooms: 5
  • Living Area: 1620
  • SquareFootage: 1620.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Patio and Porch Features: Patio

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Attached, 1 Car Attached, Driveway

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 2353.0000
  • Lot Size Sq Ft: 2353
  • Lot Size Units: Acres
  • Lot Features: Stone/Brick Wall
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 4510

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

Listed on
Jun 6, 2014
Closed on
Oct 7, 2014
Sold by
Christine Mona Osterkamp As Executor
Bought by
Moskowitz Garrett
Seller's Agent
Jay Ra
Douglas Elliman Real Estate
Buyer's Agent
Anthony Del Vecchio
RMD Property Management Corp
List Price
$549,000
Sold Price
$525,000
Premium/Discount to List
-$24,000
-4.37%
Current Estimated Value
$911,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,244
Avg. Annual Appreciation
4.79%
Original Mortgage
$446,250
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2009
Sold by
Katharine Khoury Executor-Estate Of Ram
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 $525,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $446,250 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Off Market $525,000 -- --
10/07/2014 10/07/14 Sold $525,000 0.0% $324 / Sq Ft
08/15/2014 08/15/14 Sold $525,000 -4.4% --
07/25/2014 07/25/14 Pending -- -- --
07/16/2014 07/16/14 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: OneKey® MLS

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 $6,516 $35,869 $10,966 $24,903
2024 $6,516 $33,840 $12,050 $21,790
2023 $6,588 $33,840 $10,465 $23,375
2022 $6,417 $41,400 $12,840 $28,560
2021 $6,365 $43,440 $12,840 $30,600
2020 $6,031 $43,320 $12,840 $30,480
2019 $5,606 $40,380 $12,840 $27,540
2018 $5,451 $28,200 $7,951 $20,249
2017 $5,405 $27,986 $10,220 $17,766
2016 $4,968 $26,403 $9,948 $16,455
2015 $3,184 $24,909 $11,102 $13,807
2014 $3,184 $23,500 $10,613 $12,887
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4418491

OneKey® MLS

APN: 05761-0431