NOT LISTED FOR SALE

Estimated Value: $1,232,267 - $1,585,000

5 Beds
3 Baths
2,032 Sq Ft
$699/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $1,305,000 $642 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,387/month

26 Days on Market

About This Home

As of April 2022

Welcome to 318 94th Street, a true two-family home in the heart of Bay Ridge. This 20-foot wide 100 deep, townhouse is currently configured as a two bedroom owner's duplex with a finished basement, the second floor features a three bedroom/ one bath income producing rental.

Thoughtfully laid out and perfect for a family looking to offset their cost with rental income or as an investment property.

Upon entering the residence you are greeted with an entry foyer which leads into two separate apartments. The first floor apartment features a large living area, formal dining area, eat in kitchen, two bedrooms, a full bath, and private access to the backyard which features your own jacuzzi! The finished basement can easily be used as recreation space with ample living space and a second full bath.

The second floor rental features three full sized bedrooms, large living area with a separate dining room, full bath, eat in kitchen and a private terrace. The entire home features original hardwood floors throughout, high ceilings, great closet space, and a generous amount of natural sunlight.

318 94th Street is centrally located on a tree-lined block in the heart of Bay Ridge with easy access to multiple parks, vibrant 5th & 3rd Avenue shopping, dining, and transportation.

Last Agent to Sell the Property

Alexandra Gupta

Corcoran Group License #10301217843 Listed on: 02/16/2022

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,967

Lot Details

  • 2,004

Home Design

Interior Spaces

  • 2,032 Sq Ft Home
  • 2-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,967

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 2032.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2006
Sold by
Kenny Allison
Bought by
Kevorkian Andrew M
Current Estimated Value
$1,420,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Outstanding Balance
$316,058
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,104,759

Purchase Details

Closed on
Aug 7, 2000
Sold by
Rossetti Cynthia
Bought by
Kenny Kevin and Kenny Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
8%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kevorkian Andrew M $6,900,000 --
Kenny Kevin $230,000 Regal Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kevorkian Andrew M $533,850
Previous Owner Kenny Kevin $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2022 04/28/22 Sold $1,305,000 +0.8% $642 / Sq Ft
02/16/2022 02/16/22 For Sale $1,295,000 -- $637 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $10,967 $75,900 $16,560 $59,340
2024 $10,967 $67,680 $16,560 $51,120
2023 $10,478 $59,820 $16,560 $43,260
2022 $10,067 $54,660 $16,560 $38,100
2021 $10,012 $54,180 $16,560 $37,620
2020 $4,977 $53,100 $16,560 $36,540
2019 $9,519 $53,100 $16,560 $36,540
2018 $8,765 $42,996 $10,700 $32,296
2017 $8,566 $42,022 $12,973 $29,049
2016 $7,925 $39,645 $12,548 $27,097
2015 $4,562 $39,645 $16,834 $22,811
2014 $4,562 $37,920 $15,839 $22,081
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10768276

Real Estate Board of New York (REBNY)

APN: 06114-0012