NOT LISTED FOR SALE

40 Malcolm Ave Garfield, NJ 07026

Estimated Value: $1,022,000 - $1,186,000

Studio
-- Bath
3,306 Sq Ft
$332/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $800,000 $242 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,841/month

58 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Ceiling Fan
  • Private Yard
  • 2 Car Attached Garage
  • Utility Room

About This Home

As of March 2021

Outstanding investment property! This solid, income producing four family has separate utilities, excellent rental history, long term tenants and upside rental potential. Three one bedroom units and one three bedroom unit with two porches, two car garage and excellent location. High ceilings, chestnut trim, tons or storage, full attic and basement with separate utilities and on site laundry rent with ease and have exceptional rental history. Great opportunity for owner occupant or turn key investment property near transit, shopping, schools and restaurants. This is a must see!

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1st ADVANTAGE Listed on: 12/04/2020

RE/MAX 1st ADVANTAGE

Co-Listed By

Kunal Doshi

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,947

Year Built

  • Built in 1939

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 100x50
  • Fenced
  • Corner Lot
  • Level Lot
  • Private Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 3,306 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds
  • Utility Room
  • Carpet
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement
  • Natural lighting in basement

Outdoor Features

  • Porch

Utilities

  • Radiator
  • Hot Water Baseboard Heater
  • Gas Water Heater

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water), unit 3 owner pays(water), unit 4 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,947

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: 4 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Lot Size: 100x50
  • Co List Office Mls Id: RFIR01
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1939
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven), Unit 3(Range/Oven), Unit 4(Range/Oven,Refrigerator)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water), Unit 3 Owner Pays(Water), Unit 4 Owner Pays(Water)
  • Has Basement: Full, Daylight, Exterior Entry, Utility Room, Laundry Facilities
  • Flooring: Unit 1 Carpet
  • Interior Amenities: Unit 1(1 Bedroom,Kitchen,Laundry Hookup,1 Bath,Living Room), Unit 2(1 Bedroom,Kitchen,Laundry Hookup,1 Bath,Living Room), Unit 3(1 Bedroom,Kitchen,Laundry Hookup,1 Bath,Living Room), Unit 4(3 Bedrooms,Kitchen,Laundry Hookup,1 Bath,Living Room)
  • Living Area: 3306
  • Stories: 3
  • Window Features: Blinds

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Corner Lot, Level
  • Exterior Features: Porch(es) - Open, Fencing/Wall, Yard, Blinds, Porch
  • Patio And Porch Features: Porch(es) - Open, Porch
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage, Attached, 1-2 Car Parking

Utilities

  • Gas Company: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard Hotwater, Radiators-Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 5001
  • Zoning: R-2

Tax Info

  • Tax Annual Amount: 11947
  • Tax Year: 2019

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2024
Sold by
Abdelmaseih Brawn
Bought by
David Brawn Llc
Current Estimated Value
$1,097,215

Purchase Details

Listed on
Dec 4, 2020
Closed on
Feb 13, 2021
Sold by
Don And Terri Newhouse Llc
Bought by
Abdelmaseih Brawn
Seller's Agent
Robert Dekanski
RE/MAX 1st ADVANTAGE
List Price
$800,000
Sold Price
$800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$616,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 1995
Sold by
D'Agostino Dominick
Bought by
Newhouse Donald and Newhouse Terri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
7.48%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
David Brawn Llc -- Fidelity National Title
David Brawn Llc -- Fidelity National Title
Abdelmaseih Brawn $800,000 Sunnyside Title Agency
Newhouse Donald $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abdelmaseih Brawn $616,000
Previous Owner Newhouse Donald $234,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2021 03/02/21 Sold $800,000 0.0% $242 / Sq Ft
01/31/2021 01/31/21 Pending -- -- --
12/04/2020 12/04/20 For Sale $800,000 -- $242 / Sq Ft
Source: All Jersey 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 $13,718 $411,100 $118,800 $292,300
2024 $13,488 $411,100 $118,800 $292,300
Source: Public Records

Agents Affiliated with this Home

  • Robert Dekanski

    Seller's Agent in 2021

    Robert Dekanski

    RE/MAX

    (800) 691-0485

    3 in this area

    2,566 Total Sales

    Robert Dekanski
    Section Image
  • Kunal Doshi

    Seller Co-Listing Agent in 2021

    Kunal Doshi

    EXP REALTY, LLC

    (862) 205-1842

    1 in this area

    144 Total Sales

    Kunal Doshi
    Section Image
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Map

Source: All Jersey MLS

MLS Number: 2109333

All Jersey MLS

APN: 21-00061-0000-00001

New Jersey Bergen County Garfield 07026

40 Malcolm Ave, Garfield, NJ

Not Listed for Sale

MultiFamily

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