NOT LISTED FOR SALE

3947 24th St Long Island City, NY 11101

Long Island City Neighborhood

Estimated Value: $1,380,702 - $2,005,000

5 Beds
2.5 Baths
-- Sq Ft
1,502 Sq Ft Lot

Last Sold June 19, 2018

Last sale price $1,100,000

Est. 41% increase in value since last sale

Current estimated payment $8,655/month

43 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 5-minute walk to 21 Street-Queensbridge
  • Heating System Uses Steam
  • Formal Dining Room
  • Eat-In Kitchen

About This Home

As of June 2018

Great Property In Long Island City. Legal 2 Family. 2 Bedroom Over 3 Bedroom. 2.5 Baths. Finished Basement. Beautiful Backyard. Close To Manhattan, Schools, Shopping, Transportation Buses Q66, Q69. 39th Ave Train Station (N,W,M) Queensboro Plaza (7,N,W,M). Zoning M1-2/R5D, Additional information: Separate Hotwater Heater:Y

Last Agent to Sell the Property

Olga Kostovski

Douglas Elliman Real Estate License #40KO0773343 Listed on: 01/16/2018

Douglas Elliman Real Estate

Last Buyer's Agent

Jerry Leung

Beyond Property Group License #10311206441

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,625

Year Built

  • Built in 1920

Lot Details

  • 1,502 Sq Ft Lot
  • Lot Dimensions are 20x75

Home Design

  • Duplex
  • Bi-Level Home
  • Vinyl Siding

Interior Spaces

  • Formal Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 2 / 395

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,625

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Levels: Split Entry (Bi-Level)
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Interior Amenities: Eat-in Kitchen, Formal Dining, Master Downstairs
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Finished, Full
  • Total Bedrooms: 5
  • Fireplace: No
  • Basement YN: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Natural Gas, Steam
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 20X75
  • Lot Size Sq Ft: 1502
  • Property Attached: Yes
  • Zoning: M1-2/R5D

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 7625
  • Tax Block: 395
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2018
Closed on
Jun 19, 2018
Sold by
Palattella Crescenza
Bought by
Leung Jerry Chiu
Seller's Agent
Olga Kostovski
Douglas Elliman Real Estate
Buyer's Agent
Jerry Leung
Beyond Property Group
List Price
$1,400,000
Sold Price
$1,100,000
Premium/Discount to List
-$300,000
-21.43%
Current Estimated Value
$1,549,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,676
Avg. Annual Appreciation
4.75%
Original Mortgage
$715,000
Outstanding Balance
$618,450
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$931,226

Purchase Details

Closed on
Oct 21, 2005
Sold by
Palattella Crescenza
Bought by
Palattella Crescenza
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
Leung Jerry Chiu $1,100,000 --
Leung Jerry Chiu $1,100,000 --
Palattella Crescenza -- --
Palattella Crescenza -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leung Jerry Chiu $715,000
Closed Leung Jerry Chiu $715,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2024 12/09/24 Off Market $1,100,000 -- --
06/19/2018 06/19/18 Sold $1,100,000 -21.4% --
02/28/2018 02/28/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $1,400,000 -- --
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 $6,045 $31,888 $6,387 $25,501
2024 $6,045 $30,097 $6,777 $23,320
2023 $6,045 $30,097 $6,809 $23,288
2022 $5,958 $72,600 $16,860 $55,740
2021 $5,926 $66,300 $16,860 $49,440
2020 $5,625 $57,000 $16,860 $40,140
2019 $5,247 $57,840 $16,860 $40,980
2018 $1,897 $25,081 $10,039 $15,042
2017 $1,889 $24,871 $10,446 $14,425
2016 $1,725 $24,871 $10,446 $14,425
2015 $976 $22,144 $9,920 $12,224
2014 $976 $20,901 $10,639 $10,262
Source: Public Records

Agents Affiliated with this Home

  • Olga Kostovski

    Seller's Agent in 2018

    Olga Kostovski

    Douglas Elliman Real Estate

    (917) 715-9089

    6 Total Sales

    Olga Kostovski
    Section Image

  • J

    Buyer's Agent in 2018

    Jerry Leung

    Beyond Property Group

    (917) 880-8660

    2 Total Sales

    Jerry Leung
    Section Image
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Map

Source: OneKey® MLS

MLS Number: L2996947

OneKey® MLS

APN: 00395-0002

New York Queens County Long Island City 11101 Long Island City

3947 24th St, Long Island City, NY

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