NOT LISTED FOR SALE

Estimated Value: $855,000 - $973,000

0.07 Acres
$13,237,714 Price per Acre
2,875 Sq Ft Lot

Sale Details

Date Sold: March 28, 2024

Last sale price $900,000 $364 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,177 / mo

80 Days on Market

About This Lot

As of March 2024

For Sale: Prime Development Opportunity in the Bronx, NY Three adjacent properties at 394, 396, and 398 East 163rd St are available for purchase, ideal for developers. Totaling 85' by 115', these properties are zoned R7-1 on a Narrow Street, offering a unique opportunity. Key Details: Zoning: R7-1 on a Narrow Street (<75 feet wide), Combined size: 85' by 115', Allowable FAR: 3.44, resulting in a buildable area of 33,626 s.f. Maximum density coefficient: 680 s.f., allowing for a maximum of 49 apartments, Parking requirement: 30%, equivalent to 15 spaces (waivable), Potential for a 49-unit building with no parking, Maximum Height: 75 feet This is a promising venture for developers to create a significant residential or mixed-use project. Explore the possibilities of maximizing the buildable area and unit count, with the potential to introduce a Community Facility for added flexibility. Conatct us for more details

Last Agent to Sell the Property

Bopaul Sookdeo

YourHomeSold Guaranteed Realty Brokerage Phone: (718) 324-6060 License #10401286543 Listed on: 12/14/2023

Last Buyer's Agent

Steven Prashad

YourHomeSold Guaranteed Realty License #10401258466

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,964

Lot Details

  • 2,875 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 02422-0019

Property Details

Property Type

Land

Est. Annual Taxes

$1,964

Lot Details

2,875 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Property SubType: Unimproved Land
  • Attribution Contact: (718) 324-6060
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Other
  • Water Source: See Remarks

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 2875
  • Lot Size Units: Acres
  • Parcel Number: 02422-0019
  • Zoning Description: Other
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1964
  • Tax Map Number: 02422-0019

MLS Schools

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

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
Dec 14, 2023
Closed on
Mar 27, 2024
Sold by
Bought by
Seller's Agent
Bopaul Sookdeo
YourHomeSold Guaranteed Realty
Buyer's Agent
Steven Prashad
YourHomeSold Guaranteed Realty
List Price
$1,100,000
Sold Price
$900,000
Premium/Discount to List
-$200,000
-18.18%
Views
31
Current Estimated Value
$926,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,640
Avg. Annual Appreciation
1.32%

Purchase Details

Closed on
Apr 28, 2016
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
$462,046
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2005
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
$320,880
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 4, 2002
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
$374,129
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 1997
Sold by
Bought by

Purchase Details

Closed on
Jul 24, 1996
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
$46,425
Interest Rate
6%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$900,000 --
$900,000 --
$478,000 --
$478,000 --
$239,384 --
$239,384 --
$359,371 --
$359,371 --
$406,718 --
$406,718 --
-- --
-- --
$407,465 --
$407,465 --
-- --
-- --
-- Commonwealth Land Title Ins
-- Commonwealth Land Title Ins
$46,425 The Title Guarantee Company
$46,425 The Title Guarantee Company
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
Previous Owner $462,046
Previous Owner $320,880
Previous Owner $374,129
Previous Owner $46,425
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
03/28/2024 03/28/24 Sold $900,000 -9.0% $364 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
01/13/2024 01/13/24 Price Changed $988,888 -10.1% $400 / Sq Ft
12/14/2023 12/14/23 For Sale $1,100,000 -- $445 / Sq Ft
Source: OneKey® MLS

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
2026 $2,180 -- -- --
2025 $2,057 $10,855 $9,233 $1,622
2024 $2,057 $10,243 $3,698 $6,545
2023 $1,964 $9,672 $3,124 $6,548
2022 $1,931 $37,320 $14,340 $22,980
2021 $2,017 $35,880 $14,340 $21,540
2020 $1,915 $37,260 $14,340 $22,920
2019 $1,786 $38,100 $14,340 $23,760
2018 $1,643 $8,060 $3,697 $4,363
2017 $1,643 $8,060 $4,030 $4,030
2016 $1,597 $7,987 $4,105 $3,882
2015 $917 $7,538 $3,778 $3,760
2014 $917 $7,114 $3,032 $4,082
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6281375

OneKey® MLS

APN: 02422-0019

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