$1,275,000
$10K PRICE INCREASE

Estimated payment $7,171/month

Total Views 6,935
11 Beds
6 Baths
3,819 Sq Ft
$334 Price per Sq Ft

Highlights

  • Main Floor Bedroom
  • 3-minute walk to 183 Street
  • Baseboard Heating
  • Bathroom on Main Level

About This Home

Welcome to this rare opportunity to own a fully detached, recently altered, spacious legal 3-family plus home in the heart of University Heights—offering abundant natural light, excellent ventilation, and exceptional living space on every floor. This well-maintained property features: First Floor: 3 bedrooms, 2 bathrooms. Second & Third Floors: Each with 4 bedrooms and 2 bathrooms and a full finished basement with outside entrance. Each unit is thoughtfully designed for modern living, with open-concept layouts that seamlessly blend living, dining, and kitchen spaces. Updated in 2018, every unit includes beautiful wood floors, abundant natural light, and contemporary finishes such as recessed lighting and stainless steel appliances. Additional features include a fully finished basement with a private entrance, perfect for extended living or recreational use, complete with a skylight and access to the backyard—an ideal space for outdoor enjoyment. Situated in a vibrant and growing neighborhood, this home offers unmatched convenience—close to shops, parks, major highways, and public transportation only 2 blocks away. The community of University Heights is known for its accessibility and strong neighborhood feel, with ongoing development signaling strong future property value appreciation. Whether you're an investor seeking steady rental income or a buyer looking to live in one unit while renting the others, this property offers exceptional flexibility and income potential. Recent renovations reduce immediate maintenance concerns, making it truly move-in ready. Selling with excellent paying tenants but 1 unit can be delivered vacant for the owner occupiers. Yearly income: $84,000 and expense: $11,979. Each unit has their own gas boiler and tenant pays their own utilities. Bonus Opportunity: 1050 Morris Ave is also AVAILABLE FOR PURCHASE—great for buyers seeking portfolio expansion or multi-property ownership.

Listing Agent

Shahed Ahmed

Andrew J. Freerks Brokerage Phone: 917-246-7750 License #10401372418 Listed on: 07/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,891

Year Built

  • Built in 1899

Lot Details

  • 2,500 Sq Ft Lot

Home Design

  • Triplex
  • Frame Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 6 Full Bathrooms

Finished Basement

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,891

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Triplex
  • Year Built: 1899
  • Attribution Contact: 917-246-7750
  • Carport Y N: No
  • CurrentPrice: 1275000.00
  • MlsMajorChangeType: Price Increase
  • ListPrice_By_OriginalListPrice: 1.00791
  • CurrentPrice_By_BuildingAreaTotal: 333.85703
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: First Floor Bedroom, First Floor Full Bath
  • Full Bathrooms: 6
  • Basement: Common, Finished, Full, See Remarks, Storage Space, Walk-Out Access
  • Total Bedrooms: 11
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Frame
  • Waterfront: No

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 2500
  • Property Attached: No

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 5891
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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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

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 $5,884 $31,054 $4,969 $26,085
2024 $5,884 $29,296 $4,247 $25,049
2023 $5,950 $29,296 $4,914 $24,382
2022 $5,650 $52,680 $9,360 $43,320
2021 $5,858 $46,920 $9,360 $37,560
2020 $5,636 $45,840 $9,360 $36,480
2019 $3,991 $39,720 $9,360 $30,360
2018 $3,889 $19,076 $5,352 $13,724
2017 $3,720 $18,247 $5,727 $12,520
2016 $3,570 $17,860 $5,368 $12,492
2015 $2,076 $16,850 $4,701 $12,149
2014 $2,076 $15,897 $5,128 $10,769
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 Price Changed $1,275,000 +6.7% $334 / Sq Ft
08/04/2025 08/04/25 Price Changed $1,195,000 -4.3% $313 / Sq Ft
07/29/2025 07/29/25 Price Changed $1,249,000 -1.3% $327 / Sq Ft
07/03/2025 07/03/25 For Sale $1,265,000 -- $331 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Deed $700,000 --
Deed $700,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $524,780 New Conventional
Source: Public Records

Source: OneKey® MLS

MLS Number: 885337

OneKey® MLS

APN: 03198-0040