NOT LISTED FOR SALE

Estimated Value: $1,332,152

9 Beds
6 Baths
4,200 Sq Ft
$317/Sq Ft Est. Value

Sale Details

Date Sold: May 2, 2024

Last sale price $1,225,000 $292 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,895 / mo

171 Days on Market

Highlights

  • Property is near public transit
  • Park
  • Baseboard Heating
  • 1 Car Attached Garage

About This Home

As of May 2024

3492 Atlantic Avenue is a 78'x23' built brick 3 family with PRIVATE PARKING, and is the perfect opportunity for savvy real estate investors and homeowners alike. 100% Brick corner property nestled on bustling Atlantic Avenue, Just off the City Line/ Ozone Park border. This turn key move in ready property has huge income generating potential. Currently configured with (3) Three bedroom units, each which has the ability to generate $3,200/month to assist with mortgage payments. 3492 Atlantic Avenue has undergone massive renovation by an expert team of contractors featuring select wide oak wood flooring, recessed lighting, brand new electrical, heating & plumbing systems throughout. Conveniently located with close proximity to major transportation which makes commuting a breeze. Just off Sheridan Avenue, Rockaway Blvd, Fulton Street, Schools, shopping centers, restaurants, cafes, parks, JFK airport & many other vibrant neighborhood amenities.

Last Agent to Sell the Property

Gabriel Kashi

Keystone Realty USA Corp Brokerage Phone: 631-261-2800 License #10401217533 Listed on: 06/22/2023

Co-Listed By

Roman Nissim

Keystone Realty USA Corp Brokerage Phone: 631-261-2800 License #10401305914

Last Buyer's Agent

Ivonne Lucio

Voro LLC License #10401268266

Voro LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,221

Year Built

  • Built in 1990 | Remodeled in 2023

Lot Details

  • 2,880 Sq Ft Lot
  • Lot Dimensions are 28.33x101.67
  • No Common Walls

Parking

  • 1 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms

Location

  • Property is near public transit

Schools

  • East Ny Family Academy Middle School
  • Cypress Hills Collegiate Prep High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 37 / 4174
  • Assessor Parcel Number 04174-0037

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

$9,221

Year Built

Built in 1990 | Remodeled in 2023

Lot Details

2,880 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Two Story
  • Property SubType: Multi Family
  • Property Condition: Mint
  • Year Built: 1990
  • New Construction: No
  • Year Built Effective: 2023
  • Attribution Contact: 631-261-2800
  • Co List Office Mls Id: ONEKEEG02
  • Co List Office Phone: 631-261-2800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Basement: Finished, Full
  • Total Bedrooms: 9
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 1

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: East Ny Family Academy

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 28.33x101.67
  • Lot Size Sq Ft: 2880
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 04174-0037
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-06-23

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 9221
  • Tax Block: 4174
  • Tax Lot: 37
  • Tax Map Number: 04174-0037

MLS Schools

  • High School: Cypress Hills Collegiate Prep School
  • Middle School District: Brooklyn 19

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Apr 19, 2024
Sold by
3492 Atlantic Ave Llc
Bought by
Seller's Agent
Gabriel Kashi
Keystone Realty USA Corp
Buyer's Agent
Ivonne Lucio
Voro LLC
List Price
$1,388,000
Sold Price
$1,225,000
Premium/Discount to List
-$163,000
-11.74%
Views
134
Current Estimated Value
$1,332,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,152
Avg. Annual Appreciation
3.68%
Original Mortgage
$892,500
Outstanding Balance
$871,011
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$461,141

Purchase Details

Closed on
Jun 14, 2022
Sold by
Dominick R. Dale Esq
Bought by
Nyctl 1998-2 Trust And The Bank Of New Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2006
Sold by
The Money Source Inc
Bought by
Clarke Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.29%

Purchase Details

Closed on
Mar 31, 2004
Sold by
Papastavrou Jennifer and Papastavrou Stavros
Bought by
The Money Source Inc

Purchase Details

Closed on
Jun 16, 1997
Sold by
Martinez William E
Bought by
Papastavrou Stavros and Papastavrou Jennifer

Purchase Details

Closed on
Oct 13, 1995
Sold by
Security National Ltd Partnership
Bought by
Martinez William E
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in East New York, NY

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,275,000 --
Nyctl 1998-2 Trust And The Bank Of New Y -- --
3492 Atlantic Ave Llc $650,000 --
Clarke Richard $750,000 --
The Money Source Inc -- --
Papastavrou Stavros $240,000 Commonwealth Land Title Ins
Martinez William E $237,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $892,500
Previous Owner -- $600,000
Previous Owner Clarke Richard $75,000
Previous Owner Clarke Richard $75,000
Previous Owner Clarke Richard $600,000
Closed Papastavrou Stavros $250,000
Closed Poyau Mitchell $37,726
Closed Papastavrou Stavros $187,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/02/2024 05/02/24 Sold $1,225,000 -11.7% $292 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
10/25/2023 10/25/23 For Sale $1,388,000 0.0% $330 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
07/05/2023 07/05/23 Price Changed $1,388,000 -7.2% $330 / Sq Ft
06/22/2023 06/22/23 For Sale $1,495,000 -- $356 / Sq Ft
Source: OneKey® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,909 $86,880 $25,140 $61,740
2025 $9,403 $83,940 $25,140 $58,800
2024 $9,403 $78,180 $25,140 $53,040
2023 $9,508 $75,180 $25,140 $50,040
2022 $9,221 $59,040 $25,140 $33,900
2021 $9,171 $52,920 $25,140 $27,780
2020 $8,652 $58,500 $25,140 $33,360
2019 $8,161 $61,560 $25,140 $36,420
2018 $7,953 $39,014 $19,119 $19,895
2017 $7,847 $38,493 $20,236 $18,257
2016 $7,260 $36,315 $22,916 $13,399
2015 $4,406 $34,260 $26,580 $7,680
2014 $4,406 $32,512 $23,572 $8,940
Source: Public Records

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Map

Source: OneKey® MLS

MLS Number: KEY3486658

OneKey® MLS

APN: 04174-0037

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