NOT LISTED FOR SALE

Estimated Value: $1,474,740 - $1,552,000

7 Beds
5 Baths
-- Sq Ft
2,340 Sq Ft Lot

Last Sold August 10, 2022

Last sale price $1,400,000

Est. 8% increase in value since last sale

Current estimated payment $9,341/month

47 Days on Market

Highlights

  • Colonial Architecture
  • 1 Car Detached Garage
  • Heating System Uses Steam
  • Property is near public transit

About This Home

As of August 2022

One of the biggest and Large 2 family brick property in Jackson Heights ( 20 x 63 Building size ). Excellent Location ,next to Northern Boulevard , close to Shopping's, Restaurants and Public Transportation. Great Investment opportunity .Solid Brick with 3 bedrooms and 2 baths in each floor ,plus 1 car garage. The property is being sold "AS IS".

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,147

Year Built

  • Built in 1930

Lot Details

  • 2,340 Sq Ft Lot
  • Lot Dimensions are 23.42 x 100
  • 1 Common Wall

Parking

  • 1 Car Detached Garage
  • Shared Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Schools

  • Is 227 Louis Armstrong Middle School
  • William Cullen Bryant High School

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 22 / 1176

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,147

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: Good
  • Building Size: 20 x 63
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 347-846-1200
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Basement: Finished, Full
  • Total Bedrooms: 7
  • Kitchens: 2

Exterior Features

  • Construction Materials: Brick
  • Flood Zone Report: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Description: Shared Driveway, Detached, 1 Car Detached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Hot Water: Gas Stand Alone
  • Separate Hotwater Heater Detail: Yes
  • Sewer: Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 227 Louis Armstrong
  • High School: William Cullen Bryant High School
  • Middle School: Is 227 Louis Armstrong

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Area: 0.0500
  • Lot Dimensions: 23.42 x 100
  • Lot Size Sq Ft: 2340.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-08-10
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 11147.00
  • Tax Block: 1176
  • Tax Lot: 22

Multi Family

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

MLS Schools

  • High School: William Cullen Bryant High School
  • Middle School District: Queens 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
Aug 10, 2022
Sold by
Srinivasan Rajam
Bought by
Sun Lijie
List Price
$1,750,000
Sold Price
$1,400,000
Premium/Discount to List
-$350,000
-20%
Current Estimated Value
$1,510,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,935
Avg. Annual Appreciation
1.76%
Original Mortgage
$1,000,000
Outstanding Balance
$959,898
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$513,608

Purchase Details

Closed on
Apr 10, 2017
Sold by
Estate Of C S Alamelu Iyengar
Bought by
Srinivasan Rajam
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
Sun Lijie $1,400,000 --
Srinivasan Rajam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sun Lijie $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $1,400,000 -12.4% --
05/03/2022 05/03/22 Pending -- -- --
03/26/2022 03/26/22 Price Changed $1,598,000 -8.7% --
03/17/2022 03/17/22 For Sale $1,750,000 -- --
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 $11,954 $59,962 $8,429 $51,533
2024 $11,954 $59,518 $9,719 $49,799
2023 $11,658 $58,044 $8,509 $49,535
2022 $8,240 $72,480 $12,120 $60,360
2021 $11,147 $77,220 $12,120 $65,100
2020 $10,577 $68,940 $12,120 $56,820
2019 $10,375 $59,040 $12,120 $46,920
2018 $9,860 $48,370 $9,055 $39,315
2017 $9,349 $45,861 $9,751 $36,110
2016 $8,824 $45,861 $9,751 $36,110
2015 $5,218 $41,640 $13,440 $28,200
2014 $5,218 $41,332 $13,340 $27,992
Source: Public Records

Map

Source: OneKey® MLS

MLS Number: KEY3384460

OneKey® MLS

APN: 01176-0022