NOT LISTED FOR SALE

2885 Lafayette Ave Bronx, NY 10465

Throgs Neck-Edgewater Park Neighborhood

Estimated Value: $914,000 - $1,346,000

6 Beds
3 Baths
2,344 Sq Ft
$459/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $815,000 $348 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,315/month

84 Days on Market

Highlights

  • Above Ground Pool
  • Wood Flooring
  • Formal Dining Room
  • Property is near public transit
  • Main Floor Primary Bedroom
  • 1 Car Attached Garage

About This Home

As of May 2023

Spacious semi-attached 2 family house with amazing potential in the heart of Throggs Neck! Rare set up of main unit 4 bedroom/2 bathroom duplex with office area over 2 bedroom/1 bathroom ground floor walk in unit, and semi finished walk out basement with separate entrance. Onsite laundry, attached 1 car garage plus driveway parking. Fenced in backyard with above ground pool. There is also the added bonus of this part of Lafayette Avenue does not have alternate side of the street parking. Conveniently located near Tremont Avenue shopping, restaurants, schools, buses, and highways. House needs TLC and is being sold strictly AS IS. Shown by appointment.

Last Agent to Sell the Property

Lori Mastrangelo

ERA Insite Realty Services Brokerage Phone: (914) 643-2875 License #30BE0873387 Listed on: 12/06/2022

Last Buyer's Agent

Christopher Naughton

Houlihan Lawrence Inc. License #10401364119

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,313

Year Built

  • Built in 1945

Lot Details

  • 3,202 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Tri-Level Property
  • Brick Exterior Construction

Interior Spaces

  • 2,344 Sq Ft Home
  • Formal Dining Room
  • Wood Flooring
  • Partially Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Above Ground Pool
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 05531-0117

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,313

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Tri-Level
  • Property SubType: Multi Family
  • Year Built: 1945
  • Attribution Contact: (914) 643-2875
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Master Downstairs, First Floor Bedroom, Formal Dining
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Partially Finished, Walk-Out Access
  • Total Bedrooms: 6
  • Living Area: 2344
  • SquareFootage: 2344.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Pool Features: Above Ground
  • Pool Private: Yes

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3202
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 05531-0117
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf2Bedrooms: 1
  • NumberOf4Bedrooms: 1

Tax Info

  • Tax Annual Amount: 7313
  • Tax Map Number: 05531-0117

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2022
Closed on
May 15, 2023
Sold by
Darlene Francis and Estate Of John Francis
Bought by
Khan Faiz and Khan Rabia A
Seller's Agent
Lori Mastrangelo
ERA Insite Realty Services
Buyer's Agent
Christopher Naughton
Houlihan Lawrence Inc.
List Price
$850,000
Sold Price
$815,000
Premium/Discount to List
-$35,000
-4.12%
Views
134
Current Estimated Value
$1,075,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,778
Avg. Annual Appreciation
12.00%
Original Mortgage
$651,000
Outstanding Balance
$633,030
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$442,748

Purchase Details

Closed on
Jun 6, 1997
Sold by
Aste Gioacchino and Aste Theresa
Bought by
Francis John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.42%
Mortgage Type
Purchase Money Mortgage
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
Khan Faiz $815,000 --
Khan Faiz $815,000 --
Francis John $265,000 Commonwealth Land Title Ins
Francis John $265,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan Faiz $651,000
Closed Khan Faiz $651,000
Previous Owner Francis John $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2023 05/15/23 Sold $815,000 0.0% $348 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
02/13/2023 02/13/23 Off Market $815,000 -- --
12/06/2022 12/06/22 For Sale $850,000 -- $363 / Sq Ft
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 $8,078 $41,472 $7,265 $34,207
2024 $8,078 $40,220 $8,079 $32,141
2023 $7,706 $37,944 $8,863 $29,081
2022 $2,998 $50,040 $11,100 $38,940
2021 $2,925 $42,720 $11,100 $31,620
2020 $2,999 $46,680 $11,100 $35,580
2019 $2,847 $39,600 $11,100 $28,500
2018 $2,564 $31,620 $11,100 $20,520
2017 $2,466 $30,528 $10,861 $19,667
2016 $2,258 $28,800 $10,742 $18,058
2015 $3,254 $28,800 $11,818 $16,982
2014 $3,254 $28,583 $12,191 $16,392
Source: Public Records

Agents Affiliated with this Home

  • Lori Mastrangelo

    Seller's Agent in 2023

    Lori Mastrangelo

    ERA Insite Realty Services

    (914) 643-2875

    6 in this area

    59 Total Sales

    Lori Mastrangelo
    Section Image

  • C

    Buyer's Agent in 2023

    Christopher Naughton

    Houlihan Lawrence Inc.

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6222362

OneKey® MLS

APN: 05531-0117

New York Bronx County Bronx 10465 Throgs Neck-Edgewater Park

2885 Lafayette Ave, Bronx, NY

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