NOT LISTED FOR SALE

Estimated Value: $1,403,000 - $1,584,000

9 Beds
7 Baths
4,539 Sq Ft
$329/Sq Ft Est. Value

Last Sold November 28, 2023

Last sale price $1,438,000 $317 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,447/month

141 Days on Market

Highlights

  • Property is near public transit
  • 4-minute walk to Melrose Station
  • Park
  • Marble Countertops
  • Cooling System Mounted In Outer Wall Opening
  • 2-minute walk to Railroad Park

About This Home

As of November 2023

This fully renovated multi-family property is located in the heart of Concourse Village. Perfect investment opportunity in a prime location, this 3-family home is just two blocks away from the D & 4 trains and is conveniently located near Yankee Stadium. With only a 15-minute commute to midtown Manhattan, the property's location is ideal for renters who want easy access to the city's bustling amenities. The property features three units, each with 3 bedrooms and a minimum of 2 bathrooms each. Unit 1 is a duplex with a private garden and is rented for $3,595 per month. Unit 2 and Unit 3 have been rented for $3,000 per month and $2,900 per month, respectively. The total gross operating income is $113,940. The property has undergone a complete renovation, including a new roof, new facade, new electrical system, separate meters, new plumbing, new flooring, new kitchens, new bathrooms, and new windows. This property presents an excellent opportunity for a savvy investor.

Last Agent to Sell the Property

Jeffrie Peña

Locqube New York, Inc. Brokerage Phone: 347-657-1114 License #10401261474 Listed on: 05/02/2023

Last Buyer's Agent

Chris Rivas

Baez Real Estate, Inc. License #10401350893

Baez Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,451

Year Built

  • Built in 1899 | Remodeled in 2019

Lot Details

  • 2,465 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Tri-Level Property
  • Vinyl Siding

Interior Spaces

  • 4,539 Sq Ft Home
  • Finished Basement
  • Walk-Out Basement
  • Marble Countertops

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 02406-0010

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,451

Year Built

Built in 1899 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Tri-Level
  • Property SubType: Multi Family
  • Year Built: 1899
  • Year Built Effective: 2019
  • Attribution Contact: 347-657-1114
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Interior Amenities: Marble Counters
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 7
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 9
  • Living Area: 4539
  • SquareFootage: 4539.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: None

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Electric Stand Alone
  • NumberOfHeatingZones: 3

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2465
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02406-0010
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

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

Tax Info

  • Tax Annual Amount: 7451
  • Tax Map Number: 02406-0010
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2024
Sold by
Tiwari Hamwattie and Tiwari Hector
Bought by
Tiwari Hamwattie Ttee
Current Estimated Value
$1,493,872

Purchase Details

Listed on
May 2, 2023
Closed on
Nov 27, 2023
Sold by
160 Owner Llc
Bought by
Tiwari Hamwattie and Tiwari Hector
Seller's Agent
Jeffrie Peña
Locqube New York, Inc.
Buyer's Agent
Chris Rivas
Baez Real Estate, Inc.
List Price
$1,650,000
Sold Price
$1,438,000
Premium/Discount to List
-$212,000
-12.85%
Views
242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.85%
Original Mortgage
$400,000
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2018
Sold by
366 East 160 Llc
Bought by
160 Owner Llc

Purchase Details

Closed on
May 7, 2018
Sold by
Adler Esq As Referee Henry M
Bought by
366 East 160 Llc

Purchase Details

Closed on
Dec 7, 2005
Sold by
Dawson Anthony
Bought by
366 East 160Th Street Llc

Purchase Details

Closed on
Mar 23, 2005
Sold by
Estela Angela and Estela Moises Arturo
Bought by
Dawson Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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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
Tiwari Hamwattie Ttee -- --
Tiwari Hamwattie Ttee -- --
Tiwari Hamwattie $1,438,000 --
Tiwari Hamwattie $1,438,000 --
160 Owner Llc $710,000 --
160 Owner Llc $710,000 --
366 East 160 Llc $665,000 --
366 East 160 Llc $665,000 --
366 East 160Th Street Llc -- --
366 East 160Th Street Llc -- --
366 East 160Th Street Llc -- --
Dawson Anthony $420,000 --
Dawson Anthony $420,000 --
Dawson Anthony $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tiwari Hamwattie $400,000
Previous Owner Dawson Anthony $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2023 11/28/23 Sold $1,438,000 -9.8% $317 / Sq Ft
11/17/2023 11/17/23 Off Market $1,595,000 -- --
11/16/2023 11/16/23 Off Market $1,595,000 -- --
09/21/2023 09/21/23 Pending -- -- --
07/24/2023 07/24/23 Price Changed $1,595,000 -3.3% $351 / Sq Ft
05/02/2023 05/02/23 For Sale $1,650,000 -- $364 / 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 $7,718 $40,733 $7,342 $33,391
2024 $7,718 $38,427 $7,227 $31,200
2023 $7,451 $36,690 $6,851 $29,839
2022 $7,324 $69,240 $12,480 $56,760
2021 $7,510 $57,540 $12,480 $45,060
2020 $7,516 $56,220 $12,480 $43,740
2019 $4,051 $42,600 $12,480 $30,120
2018 $3,092 $15,166 $5,007 $10,159
2017 $3,092 $15,166 $6,309 $8,857
2016 $2,865 $14,330 $6,046 $8,284
2015 $1,726 $14,181 $4,887 $9,294
2014 $1,726 $13,386 $3,972 $9,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6242944

OneKey® MLS

APN: 02406-0010