J
Seller's Agent in 2024
Jiangwei Zhou
EXP Realty
3110 E Tremont Ave Bronx, NY 10461
Schuylerville NeighborhoodEstimated Value: $1,332,551
6
Beds
4
Baths
--
Sq Ft
2,640
Sq Ft Lot
Highlights
- Property is near public transit
- Park
- Heating System Uses Steam
- Cooling System Mounted In Outer Wall Opening
About This Home
As of June 2024Perfect time to own a restaurant and two family in the heart of the vibrant Bronx neighborhood. This mixed-use property showcases a perfect blend of commercial and residential possibilities, offering an exceptional opportunity for owners to build their dream business or bolster their investment portfolio. The ground floor reveals a vast commercial space currently generating $3500 in rent, ideal for a variety of retail or business activities. The high-visibility storefront and heavy foot traffic offer the perfect backdrop for your business, with a potential rental income of up to $4000. Above, discover two available residential units, currently earning $1800 and $1700 for the second and third floors respectively. These well-lit, spaciously laid-out units hold potential for an increased rental income of up to $2500 each, making this property a promising investment for steady rental income - pro income can be 7.3% CAP. Embodying a unique fusion of commercial and residential prospects, this property stands as a lucrative investment in the bustling local rental market. Don't miss out on the chance to capitalize on this dynamic mixed-use opportunity nestled in the sought-after Bronx locale!
Last Agent to Sell the Property
Jiangwei Zhou
EXP Realty Brokerage Phone: 888-276-0630 License #10301217378 Listed on: 07/06/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,412
Year Built
- Built in 1932
Lot Details
- 2,640 Sq Ft Lot
- Lot Dimensions are 25x105.58
- No Common Walls
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- On-Street Parking
- Off-Street Parking
Schools
- Bronx Bridges High Middle School
- Bronx Arena High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Steam
- Heating System Uses Natural Gas
Additional Features
- 3-Story Property
- Property is near public transit
Listing and Financial Details
- Legal Lot and Block 40 / 5350
- Assessor Parcel Number 05350-0040
Community Details
Overview
- 2 Units
Recreation
- Park
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2023
Closed on
May 20, 2024
Sold by
L Tree Realty Llc
Bought by
Lucky Nova Llc
Seller's Agent
Jiangwei Zhou
EXP Realty
Buyer's Agent
Wendy Zhuo
B Square Realty
List Price
$1,360,000
Sold Price
$1,278,000
Premium/Discount to List
-$82,000
-6.03%
Views
185
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,551
Avg. Annual Appreciation
1.52%
Original Mortgage
$550,000
Outstanding Balance
$542,224
Interest Rate
7.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$766,527
Purchase Details
Closed on
Feb 15, 2024
Sold by
He Rui Wen
Bought by
L Tree Realty Llc
Purchase Details
Closed on
Aug 26, 2003
Sold by
Lam'S Management Inc
Bought by
He Rui Wen
Purchase Details
Closed on
Aug 30, 1995
Sold by
Murphy William and Murphy Mary
Bought by
Lams Management Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.31%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lucky Nova Llc | $1,278,000 | -- | |
| L Tree Realty Llc | $174,000 | -- | |
| L Tree Realty Llc | $174,000 | -- | |
| He Rui Wen | -- | -- | |
| He Rui Wen | -- | -- | |
| Lams Management Inc | $210,000 | -- | |
| Lams Management Inc | $210,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lucky Nova Llc | $550,000 | |
| Previous Owner | Lams Management Inc | $147,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/09/2024 06/09/24 | Sold | $1,278,000 | -6.0% | -- |
| 12/20/2023 12/20/23 | Pending | -- | -- | -- |
| 07/06/2023 07/06/23 | For Sale | $1,360,000 | -- | -- |
Source: OneKey® MLS
Tax History Compared to Growth
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 | $17,479 | $139,810 | $38,825 | $100,985 |
| 2024 | $17,479 | $139,810 | $42,122 | $97,688 |
| 2023 | $16,412 | $133,790 | $47,279 | $86,511 |
| 2022 | $15,145 | $272,250 | $84,600 | $187,650 |
| 2021 | $0 | $234,450 | $84,600 | $149,850 |
| 2020 | $13,414 | $257,400 | $84,600 | $172,800 |
| 2019 | $13,564 | $258,480 | $84,600 | $173,880 |
| 2018 | $13,090 | $102,915 | $26,947 | $75,968 |
| 2017 | $12,120 | $95,293 | $27,818 | $67,475 |
| 2016 | $11,375 | $88,236 | $28,405 | $59,831 |
| 2015 | $7,385 | $82,728 | $30,798 | $51,930 |
| 2014 | $7,385 | $82,728 | $35,509 | $47,219 |
Source: Public Records
Agents Affiliated with this Home
-
-
Wendy Zhuo
Buyer's Agent in 2024
Wendy Zhuo
B Square Realty
(917) 622-9319
6 in this area
56 Total Sales
Map
Source: OneKey® MLS
MLS Number: KEY3489420
APN: 05350-0040
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Copyright 2025 OneKey® MLS. All rights reserved.
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