$1,400,000
SOLD DEC 16, 2024
6 Beds
4 Baths
2,176 Sq Ft
2,442 Sq Ft Lot

Recently Sold

$643 Per Sq Ft

3% Below List Price

45 Days on Market

Highlights

  • Property is near public transit
  • Formal Dining Room
  • Eat-In Kitchen
  • Main Floor Bedroom
  • 2 Car Detached Garage
  • Park

About This Home

As of December 2024

Prime location in the heart of Jackson Heights! This legal 3-family home offers incredible potential. The first floor features a spacious unit with 3 bedrooms, a large living room, a dining room, a kitchen, and a full bath. The second floor offers two units: the first is a cozy 1-bedroom apartment with a dining room/living room combo, a full bath, and a kitchen; the second offers 2 bedrooms, a living room/dining room combo, a full bath, and a kitchen. The full finished basement, complete with an OSE, provides additional living space with 2 dens/family rooms, 2 extra rooms, a boiler room, and a full bath. A shared driveway leads to a 2-car garage in the backyard. While the house needs some TLC, its prime location close to shops, supermarkets, restaurants, buses, trains, parks, and schools makes it a fantastic investment opportunity. Location, location, location!, Additional information: Appearance:TLC

Last Agent to Sell the Property

Evan Zhi Xu

Keller Williams Rlty Landmark Brokerage Phone: 718-475-2700 License #10301218785 Listed on: 08/20/2024

Keller Williams Rlty Landmark

Co-Listed By

Amanda Li

Keller Williams Rlty Landmark Brokerage Phone: 718-475-2700 License #10401348723

Last Buyer's Agent

Nasreen Sultana

Exit Realty Prime License #40SU0969488

Exit Realty Prime

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,315

Year Built

  • Built in 1925

Lot Details

  • 2,442 Sq Ft Lot
  • Lot Dimensions are 24.42x100
  • 1 Common Wall

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2,176 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Eat-In Kitchen
  • Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 4 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Shared Driveway
  • On-Street Parking

Location

  • Property is near public transit

Schools

  • Ps 148 Elementary School
  • Is 145 Joseph Pulitzer Middle School
  • Newtown High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 64 / 1412
  • Assessor Parcel Number 01412-0064

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,315

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Triplex
  • Levels: Two
  • Year Built: 1925
  • Attribution Contact: 718-475-2700
  • Co List Office Mls Id: KEYKEWL01
  • Co List Office Phone: 718-475-2700
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Formal Dining, First Floor Bedroom
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 4
  • Basement: Finished
  • Total Bedrooms: 6
  • Living Area: 2176
  • Window Features: Blinds
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 2
  • Parking Description: Shared Driveway, Detached, On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Is 145 Joseph Pulitzer

Lot Info

  • Lot Dimensions: 24.42x100
  • Lot Size Sq Ft: 2442
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Parcel Number: 01412-0064
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 11314.88
  • Tax Block: 1412
  • Tax Lot: 64

MLS Schools

  • Elementary School: Ps 148
  • High School: Newtown High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Dec 16, 2024
Sold by
Ahmed Arif and Ahmed Mahima
Bought by
Ahmed Arif and Ahmed Mahima
Seller's Agent
Evan Zhi Xu
Keller Williams Rlty Landmark
Buyer's Agent
Nasreen Sultana
Exit Realty Prime
List Price
$1,450,000
Sold Price
$1,400,000
Premium/Discount to List
-$50,000
-3.45%
Current Estimated Value
$1,331,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,972
Avg. Annual Appreciation
-6.43%
Original Mortgage
$1,120,000
Outstanding Balance
$1,113,175
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$217,853

Purchase Details

Closed on
Apr 19, 2024
Sold by
So Hop
Bought by
So Family Irrevocable Trust and Tat Man So As Trustee
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 Type Sale Price Title Company
Interfamily Deed Transfer -- --
Deed $1,400,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,120,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Sold $1,400,000 -3.4% $643 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $1,450,000 -- $666 / 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 $4,894 $59,714 $7,936 $51,778
2024 $4,998 $56,335 $7,379 $48,956
2023 $4,574 $53,148 $6,794 $46,354
2022 $4,646 $75,720 $9,840 $65,880
2021 $4,891 $75,420 $9,840 $65,580
2020 $4,608 $74,940 $9,840 $65,100
2019 $4,251 $69,840 $9,840 $60,000
2018 $3,855 $44,290 $8,116 $36,174
2017 $3,868 $44,290 $7,170 $37,120
2016 $3,773 $44,290 $7,170 $37,120
2015 $2,081 $41,468 $8,942 $32,526
2014 $2,081 $39,122 $10,128 $28,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: L3573563

OneKey® MLS

APN: 01412-0064