$1,045,000
SOLD FEB 7, 2025
3 Beds
2 Baths
1,600 Sq Ft
2,526 Sq Ft Lot

Recently Sold

$653 Per Sq Ft

18% Below List Price

166 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to 36 Street (E,G,R Line)
  • Walk-In Closet
  • P.S. 166Q The Henry Gradstein School Rated A-
  • Wood Flooring
  • Park

About This Home

As of February 2025

Long Island City Multi-Family Investment Opportunity Available!

Total Area: 1600 Sqft
Unused FAR: 933 sqft
Basement: approximately 600+ sqft , Full finished basement (below grade)
Zoning: M1 - Light Industrial
Opportunity Zone: Qualified

Details
1st Floor Unit:
Layout: 1 Bedroom, 1 Bath Apartment
Current Status: Excellent tenant paying $2000/month, or can be delivered vacant
Features: Spacious living area, well-maintained, direct access to indoor/outdoor deck and large backyard, steady rental income.

2nd Floor Unit:
Layout: 2 Bedroom, 1 Bath Apartment
Current Status: Delivered vacant, ideal for short-term rentals or long-term lease
Features: Proven success as a short-term rental, attractive layout.

Basement:
Status: Full finished, below grade
Potential Use: Storage, additional living space, or conversion for other uses, has a 3rd Full Bathroom

Additional Information:
Unused FAR: 933 Sqft available for potential expansion.

Don't miss this rare investment opportunity in a versatile property with significant income potential and development possibilities. Whether you're looking for a steady rental income or a successful short-term rental, this property has it all.

For more information or to schedule a viewing, contact us today!

Last Agent to Sell the Property

Jessica Meis

Compass Greater NY, LLC Brokerage Phone: (646) 460-5311 License #10401371244 Listed on: 06/17/2024

Compass Greater NY, LLC

Last Buyer's Agent

Ruri Nagai

Compass Greater NY LLC License #10401371372

Compass Greater NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,824

Year Built

  • Built in 1901

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Finished Basement

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

Schools

  • Contact Agent Elementary And Middle School
  • Contact Agent High School

Utilities

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

Additional Features

  • Fenced
  • Property is near public transit

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,824

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Duplex
  • Property Condition: Estimated
  • Levels: Two
  • Year Built: 1901
  • Attribution Contact: (646) 460-5311
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Walk-In Closet(s)
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 3
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced
  • Waterfront: No

Garage/Parking

  • Parking Description: On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Middle School: Contact Agent

Lot Info

  • Building Area Total: 1600
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Property Attached: Yes

Multi Family

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

Tax Info

  • Tax Annual Amount: 7824
  • Tax Year: 2024

MLS Schools

  • Elementary School: Contact Agent
  • High School: Contact Agent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Feb 5, 2025
Sold by
Robles Elsie Rose and Robles Robert
Bought by
Velandi Sebastian
Seller's Agent
Jessica Meis
Compass Greater NY, LLC
Buyer's Agent
Ruri Nagai
Compass Greater NY LLC
List Price
$1,275,000
Sold Price
$1,045,000
Premium/Discount to List
-$230,000
-18.04%
Views
1
Current Estimated Value
$1,047,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,444
Avg. Annual Appreciation
0.53%
Original Mortgage
$836,000
Outstanding Balance
$833,186
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$214,258

Purchase Details

Closed on
Oct 16, 2024
Sold by
Robles Dorothy J and Robles Elsie Rose
Bought by
Robles Elsie Rose and Robles Robert

Purchase Details

Closed on
Jan 31, 2011
Sold by
Deguzman Dorothy and Robles Elsie Rose
Bought by
Robles Dorothy J and Robles Elsie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,115
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2003
Sold by
Portilla Ricardo
Bought by
Deguzman Dorothy and Robles Elsie Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 1999
Sold by
New Era Housing Inc
Bought by
Portilla Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
7.85%
Source: Public Records

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Range of Values:

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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
Deed $1,045,000 --
Interfamily Deed Transfer -- --
Deed -- --
Deed -- --
Deed $450,000 --
Deed $450,000 --
Bargain Sale Deed $235,000 --
Executors Deed $160,000 Chicago Title Insurance Co
Executors Deed $160,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $836,000 Purchase Money Mortgage
Previous Owner $6,115 Purchase Money Mortgage
Previous Owner $405,000 Purchase Money Mortgage
Previous Owner $188,768 Unknown
Previous Owner $211,500 No Value Available
Previous Owner $0 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $1,045,000 -18.0% $653 / Sq Ft
11/30/2024 11/30/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $1,275,000 -- $797 / 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 $7,873 $41,552 $8,871 $32,681
2024 $7,873 $39,200 $8,412 $30,788
2023 $7,428 $36,983 $6,993 $29,990
2022 $7,232 $84,360 $15,180 $69,180
2021 $7,624 $69,900 $15,180 $54,720
2020 $7,330 $67,320 $15,180 $52,140
2019 $6,834 $68,760 $15,180 $53,580
2018 $6,282 $30,819 $6,630 $24,189
2017 $6,154 $30,190 $7,152 $23,038
2016 $6,035 $30,190 $7,152 $23,038
2015 $3,215 $28,856 $10,286 $18,570
2014 $3,215 $27,223 $10,661 $16,562
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: H6313372

OneKey® MLS

APN: 00634-0056