NOT LISTED FOR SALE

Estimated Value: $948,000 - $1,024,000

0.07 Acres
$14,007,129 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. 9% increase in value since last sale

Current estimated payment $5,558 / 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

Arif Baksh

YourHomeSold Guaranteed Realty License #10301207975

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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,804

Lot Details

  • 2,875 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 02422-0020

Property Details

Property Type

Land

Est. Annual Taxes

$1,804

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: 02422-0020
  • Zoning Description: Other
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1804
  • Tax Map Number: 02422-0020

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

Closed on
Feb 25, 2025
Sold by
Bought by
Current Estimated Value
$980,499

Purchase Details

Closed on
Jun 6, 2024
Sold by
Bought by

Purchase Details

Closed on
Apr 20, 2007
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
$533,500
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 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
$379,600
Interest Rate
5.78%

Purchase Details

Closed on
Mar 5, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 21, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 11, 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
$374,100
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2001
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 1997
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
-- --
-- None Listed On Document
$900,000 --
$550,000 --
$481,650 --
$407,529 --
$407,529 --
-- --
-- --
-- --
$35,000 Uslife Title Insurance Compa
$52,500 Uslife Title Insurance Compa
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 $533,500
Closed $379,600
Previous Owner $379,600
Closed $94,900
Previous Owner $374,100
Previous Owner $24,459
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 $1,906 --
2025 $1,885 $9,492 $8,073 $1,419
2024 $1,885 $9,384 $3,388 $5,996
2023 $1,804 $8,881 $2,857 $6,024
2022 $1,673 $40,680 $14,340 $26,340
2021 $1,666 $34,200 $14,340 $19,860
2020 $1,674 $37,800 $14,340 $23,460
2019 $1,636 $35,100 $14,340 $20,760
2018 $1,509 $7,401 $3,685 $3,716
2017 $1,424 $6,984 $3,717 $3,267
2016 $1,319 $6,596 $3,519 $3,077
2015 $795 $6,592 $3,232 $3,360
2014 $795 $6,517 $2,722 $3,795
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6281378

OneKey® MLS

APN: 02422-0020

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