NOT LISTED FOR SALE

307 E 162nd St Bronx, NY 10451

Concourse Village Neighborhood

Estimated Value: $1,322,000 - $1,400,000

9 Beds
3 Baths
3,318 Sq Ft
$406/Sq Ft Est. Value

Last Sold April 17, 2024

Last sale price $1,259,000 $379 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,538/month

104 Days on Market

Highlights

  • Property is near public transit
  • 1-minute walk to Melrose Station
  • Park
  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • 3-minute walk to Railroad Park

About This Home

As of April 2024

Discover a prime investment opportunity in the heart of Concourse Village, Bronx, at 307 E 162nd Street. This turnkey townhouse features three fully renovated 3-bedroom apartments with contemporary finishes, including grey cabinetry, stainless steel appliances, and quartz countertops. Each unit boasts spacious layouts, hardwood flooring, and ample storage. Common amenities include a versatile walkout basement and a convenient common laundry facility. The property is fully occupied, ensuring immediate rental income for savvy investors. Located in a vibrant neighborhood with excellent transportation links, this property is a smart choice for those looking to invest in the Bronx. Don't miss your chance to own this modern, income-generating property in Concourse Village. BuildingAreaSource: Public Records,

Last Agent to Sell the Property

Jeffrie Peña

Locqube New York, Inc. Brokerage Phone: (347) 657-1114 License #10401261474 Listed on: 10/16/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,707

Year Built

  • Built in 1901 | Remodeled in 2018

Lot Details

  • 2,178 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Utilities

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

Additional Features

  • Wood Flooring
  • Walk-Out Basement
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Assessor Parcel Number 02422-0045

Community Details

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,707

Year Built

Built in 1901 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1901
  • Year Built Effective: 2018
  • Attribution Contact: (347) 657-1114
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 9
  • Owner Pays: Insurance
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Other
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 1

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.05
  • Parcel Number: 02422-0045
  • Property Attached: Yes

Rental Info

  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Fuel Expense: 3000
  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 5707
  • Tax Map Number: 02422-0045
  • IncludedInTaxes: Sewer,Trash

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
Oct 16, 2023
Closed on
Apr 17, 2024
Sold by
307 East 162 St Llc
Bought by
Darkwa Yaw A
Seller's Agent
Jeffrie Peña
Locqube New York, Inc.
List Price
$1,350,000
Sold Price
$1,259,000
Premium/Discount to List
-$91,000
-6.74%
Views
153
Current Estimated Value
$1,346,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,133
Avg. Annual Appreciation
4.06%
Original Mortgage
$1,240,000
Outstanding Balance
$1,220,288
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$125,845

Purchase Details

Closed on
Dec 13, 2017
Sold by
Rush Janet
Bought by
307 East 162 St Llc

Purchase Details

Closed on
Mar 11, 2005
Sold by
Ingleton Everton and Ingleton Ralphus
Bought by
Rush Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,150
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Darkwa Yaw A $1,259,000 --
Darkwa Yaw A $1,259,000 --
307 East 162 St Llc $660,000 --
307 East 162 St Llc $660,000 --
Rush Janet $397,000 --
Rush Janet $397,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Darkwa Yaw A $1,240,000
Closed Darkwa Yaw A $1,240,000
Previous Owner Rush Janet $377,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2024 04/17/24 Sold $1,259,000 -6.7% $379 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
10/17/2023 10/17/23 For Sale $1,350,000 -- $407 / 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 $5,824 $29,177 $4,907 $24,270
2024 $5,824 $28,998 $5,812 $23,186
2023 $5,707 $28,101 $5,241 $22,860
2022 $5,446 $54,420 $11,100 $43,320
2021 $5,575 $57,120 $11,100 $46,020
2020 $2,856 $45,060 $11,100 $33,960
2019 $2,791 $41,160 $11,100 $30,060
2018 $2,568 $12,597 $3,884 $8,713
2017 $2,428 $11,911 $4,363 $7,548
2016 $2,250 $11,253 $4,206 $7,047
2015 $1,355 $11,244 $4,915 $6,329
2014 $1,355 $11,120 $4,130 $6,990
Source: Public Records

Agents Affiliated with this Home

  • Jeffrie Peña

    Seller's Agent in 2024

    Jeffrie Peña

    Locqube New York, Inc.

    (917) 242-9882

    1 in this area

    56 Total Sales

    Jeffrie Peña
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Map

Source: OneKey® MLS

MLS Number: KEY6273877

OneKey® MLS

APN: 02422-0045

New York Bronx County Bronx 10451 Concourse Village

307 E 162nd St, Bronx, NY

Not Listed for Sale

MultiFamily

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