NOT LISTED FOR SALE

Estimated Value: $954,694 - $1,122,000

5 Beds
3 Baths
3,213 Sq Ft
$318/Sq Ft Est. Value

Last Sold April 19, 2023

Last sale price $992,000 $309 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,220/month

66 Days on Market

Highlights

  • Colonial Architecture
  • Cooling System Mounted In Outer Wall Opening
  • 5-minute walk to Pelham Bay Park
  • 1 Car Detached Garage
  • Baseboard Heating

About This Home

As of April 2023

Rare find - Solid brick multi-family with massive 3213 sqft plus a full stand up attic, shared driveway and detached 2-car garage in the very desirable heart of Pelham Bay. 3 gas meters and 3 electricity meters, a few short blocks to 6 train station, bus stations including Q50 bus to downtown Flushing. Easy access to major highways, close to all. This luxurious Colonial features impeccable finishes, from beautiful hardwood floors to original wood front door. Ground floor unit was fully renovated in 2022 with Crystal windows. The updated and well kept 3rd floor 3-bedroom owner unit comes with split unit AC. Water and sewer system was replaced and updated, 7-years new roof, newer furnace, gas heat, central AC, new concrete back yard, new steps with new pointing. Each floor has access to the backyard through back door or balcony stairs. Live in one unit and let the rest to pay your mortgage, Schedule a showing today! Additional Information: ParkingFeatures:2 Car Detached, BuildingAreaSource: Public Records,

Last Agent to Sell the Property

George Zhun Zhang

B Square Realty Brokerage Phone: (718) 939-8388 License #10301217166 Listed on: 11/28/2022

B Square Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,901

Year Built

  • Built in 1935 | Remodeled in 2022

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 04238-0059

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,901

Year Built

Built in 1935 | Remodeled in 2022

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex, Colonial
  • Property SubType: Multi Family
  • Year Built: 1935
  • Year Built Effective: 2022
  • Attribution Contact: (718) 939-8388
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Living Area Units: Square Feet
  • Full Bathrooms: 3
  • Basement: Full, Walk-Out Access
  • Total Bedrooms: 5
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Detached

Utilities

  • Cooling: Central Air, Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Parcel Number: 04238-0059

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 6901
  • Tax Map Number: 04238-0059

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
Nov 28, 2022
Closed on
Apr 19, 2023
Sold by
Lynch Gerald J
Bought by
Li Xiu Qing and Yang De Liang
Seller's Agent
George Zhun Zhang
B Square Realty
List Price
$1,180,000
Sold Price
$992,000
Premium/Discount to List
-$188,000
-15.93%
Views
111
Current Estimated Value
$1,022,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,174
Avg. Annual Appreciation
0.41%

Purchase Details

Closed on
Dec 13, 1994
Sold by
Ricci Clifford E and Ricci Joan D
Bought by
Lynch Gerald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
9.19%
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
Li Xiu Qing $991,000 --
Lynch Gerald J $210,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lynch Gerald J $10,963
Previous Owner Lynch Gerald J $330,687
Previous Owner Lynch Gerald J $300,000
Previous Owner Lynch Gerald J $3,650
Previous Owner Lynch Gerald J $44,000
Previous Owner Lynch Gerald J $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $992,000 -15.9% $309 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $1,180,000 +19.0% $367 / Sq Ft
12/15/2022 12/15/22 Off Market $992,000 -- --
11/28/2022 11/28/22 For Sale $1,180,000 -- $367 / 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 $7,802 $39,139 $6,013 $33,126
2024 $7,802 $38,844 $6,837 $32,007
2023 $7,158 $36,646 $5,602 $31,044
2022 $6,615 $53,040 $9,420 $43,620
2021 $6,561 $49,500 $9,420 $40,080
2020 $6,608 $39,900 $9,420 $30,480
2019 $6,479 $39,900 $9,420 $30,480
2018 $5,928 $30,538 $6,938 $23,600
2017 $5,573 $28,810 $8,164 $20,646
2016 $5,124 $27,180 $9,420 $17,760
2015 $3,176 $28,152 $9,190 $18,962
2014 $3,176 $27,940 $9,861 $18,079
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6221581

OneKey® MLS

APN: 04238-0059