NOT LISTED FOR SALE

Estimated Value: $1,438,000 - $1,564,000

5 Beds
3 Baths
2,880 Sq Ft
$516/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $1,400,000 $486 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,742/month

14 Days on Market

Highlights

  • Active Adult
  • 4-minute walk to 65 Street
  • Porch
  • Property is near public transit
  • Wood Flooring
  • 5-minute walk to Edward Hart Playground

About This Home

As of August 2023

Welcome to this fantastic 2-family home located in a prime location. This home has great investment potential! With over 2,800 sq ft of living space, this property is ideal for those seeking a versatile investment opportunity. The first floor of this property is designed to serve as the landlord's quarters, providing the convenience of living on the premises while renting out the upper floors. The second and third floors each offer spacious living areas of approximately 1,000 sq ft each, perfect for families or individuals seeking comfortable living space. Each unit also features new ductless split air units in each room. Super convenient location - only 4 blocks from the subway - approximately 30 minutes to reach the heart of the city. This property is situated in a very desirable location near restaurants and shopping and offers easy access to all the amenities and attractions the city has to offer. Whether you're an investor looking for a valuable asset to add to your portfolio, or a homeowner seeking a spacious property in a great location, this 2-family home is the perfect fit. Don't miss out on this rare opportunity to invest in a property with unlimited potential!

Last Agent to Sell the Property

David Lau

Keller Williams Realty Greater License #10301224218 Listed on: 05/04/2023

Keller Williams Realty Greater

Last Buyer's Agent

David Lau

Keller Williams Realty Greater License #10301224218 Listed on: 05/04/2023

Keller Williams Realty Greater

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,511

Year Built

  • Built in 1955

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100
  • Two or More Common Walls
  • East Facing Home

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,880 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Washer

Kitchen

  • Eat-In Kitchen
  • Oven

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Ps 152 Gwendoline N Alleyne Elementary School
  • Is 10 Horace Greeley Middle School
  • William Cullen Bryant High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 79 / 1189
  • Assessor Parcel Number 01189-0079

Community Details

Overview

  • Active Adult
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,511

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Property Condition: Very Good
  • Levels: Three Or More
  • Year Built: 1955
  • New Construction: No
  • BuildingSize: 20' x 48'
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven, Refrigerator, Washer
  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: None
  • Inclusions: A/C Units,Refrigerator,Washer
  • Total Bedrooms: 5
  • Living Area: 2880
  • SquareFootage: 2880.00
  • SquareFootageSource: Municipality
  • NumberOfKitchens: 2

Exterior Features

  • Direction Faces: East
  • Construction Materials: Brick
  • Patio and Porch Features: Porch
  • FloodZoneReportYN: 1

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached, Driveway

Utilities

  • Cooling: Ductless, Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Steam
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 1
  • SeparateHotwaterHeaterDetail: Y

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: Yes

Schools

  • Middle School: Is 10 Horace Greeley

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 01189-0079
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-05-05

Rental Info

  • Lease Considered: No
  • Tenant Pays: Electricity, Gas
  • Available Date: 2023-07-19

Multi Family

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

Tax Info

  • Tax Annual Amount: 10511
  • Tax Block: 1189
  • Tax Lot: 79
  • Tax Map Number: 01189-0079
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Ps 152 Gwendoline N Alleyne
  • High School: William Cullen Bryant High School
  • Middle School District: Queens 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2023
Closed on
Aug 23, 2023
Sold by
Ma Yan Qiang and Wu Bi Xia
Bought by
Yuan Haibo and Zheng Xiaole
Seller's Agent
David Lau
Keller Williams Realty Greater
Buyer's Agent
David Lau
Keller Williams Realty Greater
List Price
$1,299,000
Sold Price
$1,400,000
Premium/Discount to List
$101,000
7.78%
Views
64
Current Estimated Value
$1,487,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,430
Avg. Annual Appreciation
2.77%
Original Mortgage
$950,000
Outstanding Balance
$928,713
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$558,717
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
Yuan Haibo $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yuan Haibo $950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2023 08/23/23 Sold $1,400,000 +7.8% $486 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $1,299,000 -- $451 / 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 $11,018 $58,150 $13,533 $44,617
2024 $11,018 $54,859 $13,655 $41,204
2023 $10,114 $51,756 $10,923 $40,833
2022 $10,215 $80,520 $20,400 $60,120
2021 $10,359 $76,560 $20,400 $56,160
2020 $9,961 $77,880 $20,400 $57,480
2019 $9,270 $70,020 $20,400 $49,620
2018 $8,494 $43,130 $13,441 $29,689
2017 $8,492 $43,130 $16,458 $26,672
2016 $8,125 $43,130 $16,458 $26,672
2015 -- $40,382 $18,962 $21,420
2014 -- $38,097 $18,298 $19,799
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3475830

OneKey® MLS

APN: 01189-0079