NOT LISTED FOR SALE

Estimated Value: $881,000 - $1,093,000

9 Beds
3 Baths
4,607 Sq Ft
$221/Sq Ft Est. Value

Last Sold May 17, 2019

Last sale price $660,000 $143 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,538/month

88 Days on Market

Highlights

  • Colonial Architecture
  • 3-minute walk to 225 Street
  • Level Lot
  • Property is near public transit
  • Park

About This Home

As of May 2019

Terrific and rare opportunity for the investor or homeowner looking to capitalize on great returns. Near major highways, public transportation, and amazing eateries, this fully detached brick 3 family home features 9 bedrooms and 4 bathrooms with a finished basement that awaits to have your touch.

Last Agent to Sell the Property

Saulo Espaillat

Compass Greater NY, LLC License #10401284064 Listed on: 06/25/2018

Compass Greater NY, LLC

Co-Listed By

Manuel Pantiga

License #10311210497

Last Buyer's Agent

Saulo Espaillat

Compass Greater NY, LLC License #10401284064 Listed on: 06/25/2018

Compass Greater NY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,761

Year Built

  • Built in 1901

Lot Details

  • 2,631 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Split Level Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Schools

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

Utilities

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

Additional Features

  • Walk-Out Basement
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 04840-0008

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,761

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Triplex
  • Property Condition: Actual
  • Levels: Multi/Split
  • Year Built: 1901
  • Co List Office Mls Id: KEYPANTGR
  • Co List Office Phone: 347-657-1114
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 3
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 9
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Description: On Street

Utilities

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

Condo/Co-op/Association

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

Association/Amenities

  • Community Features: Park

Schools

  • Middle School: Contact Agent

Lot Info

  • Lot Size Area: 0.0604
  • Lot Size Sq Ft: 2631
  • Building Area Total: 4607
  • Lot Features: Level, Near Public Transit, Near School, Near Shops
  • Parcel Number: 04840-0008
  • Property Attached: No

Rental Info

  • Tenant Pays: See Remarks

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 5761
  • Tax Year: 2017

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2021
Sold by
Maestro Holdings And Management Inc
Bought by
Alam Mahmudul and Soma Farhana Mustari
Total Days on Market
88
Current Estimated Value
$1,018,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Outstanding Balance
$563,748
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$495,585

Purchase Details

Closed on
Dec 22, 2020
Sold by
Alam Mahmudul and Soma Farhana Mustari
Bought by
Maestro Holdings And Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,750
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2020
Sold by
Maestro Holdings And Management Inc
Bought by
Alam Mahmudul and Soma Farhana Mustari

Purchase Details

Listed on
Jun 25, 2018
Closed on
May 16, 2019
Sold by
Estate Of Olufunke Mbamali
Bought by
Maestro Holdings And Management Inc
Seller's Agent
Saulo Espaillat
Compass Greater NY, LLC
Buyer's Agent
Saulo Espaillat
Compass Greater NY, LLC
List Price
$725,000
Sold Price
$660,000
Premium/Discount to List
-$65,000
-8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$477,750
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2005
Sold by
Gallart Jose A
Bought by
Mbamali Ikechukwu and Mbamali Olufunke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Alam Mahmudul $350,500 --
Maestro Holdings And Management Inc -- --
Alam Mahmudul -- --
Maestro Holdings And Management Inc $660,000 --
Mbamali Ikechukwu $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alam Mahmudul $616,000
Previous Owner Maestro Holdings And Management Inc $581,750
Previous Owner Maestro Holdings And Management Inc $477,750
Previous Owner Mbamali Ikechukwu $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Off Market $660,000 -- --
05/17/2019 05/17/19 Sold $660,000 -9.0% $143 / Sq Ft
06/25/2018 06/25/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $725,000 -- $157 / 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
2024 $9,890 $49,242 $5,119 $44,123
2023 $9,647 $47,502 $5,559 $41,943
2022 $9,483 $56,940 $7,260 $49,680
2021 $9,951 $59,760 $7,260 $52,500
2020 $5,751 $42,060 $7,260 $34,800
2019 $5,362 $33,900 $7,260 $26,640
2018 $4,929 $24,180 $7,260 $16,920
2017 $5,761 $28,260 $7,260 $21,000
2016 $5,480 $27,411 $5,987 $21,424
2015 $3,352 $25,860 $8,040 $17,820
2014 $3,352 $25,860 $8,040 $17,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: H4828614

OneKey® MLS

APN: 04840-0008