NOT LISTED FOR SALE

Estimated Value: $900,000 - $1,580,000

6 Beds
3.5 Baths
3,043 Sq Ft
$431/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $1,500,000 $493 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $8,218/month

35 Days on Market

Highlights

  • Pre War Building
  • Community Garden
  • Garage

About This Home

As of October 2022

Everything is Better in Rockaway Beach!

Welcome to 407 Beach 124th Street, sitting on a rarely available and truly massive 100100 lot. This is a very unique opportunity to acquire a legal two family home, on a corner lot only two blocks from the beach. If you're a person looking for outdoor living you will not find a large yard anywhere in the neighborhood. This is a legal two family home is set up as a middle floor two bedroom apartment, it has been updated recently and has some really great light. The first floor is combined with the attic on the top floor making a four bedroom, the kitchen and bath were updated as well, enjoy huge windows and a veranda off of the dining/living room combo. There is also a full basement that could be excellent for any number of things, from storage to playrooms. Parking is a must have in Rockaway and your driveway can fit up to 10 cars, there is also a two car garage. This is seriously a once in a lifetime chance to to get a large piece of Rockaway Real Estate.

The location is prime and close to everything including the beach, restaurants, stores, schools (Zoned for PS114), houses of worship and only a 55 minute commute to Wall St via the NYC ferry.

If you're looking to live that beach life or just looking to own one of Rockaway's largest pieces of property, this is it!

Last Agent to Sell the Property

Joe Cruz

Revived Residential License #10301214722 Listed on: 06/02/2022

Co-Listed By

Louis Belisario

Revived Residential License #10301206828

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,471

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 100.0 x 100.0

Parking

  • Garage

Home Design

  • Pre War Building

Interior Spaces

  • 3,043 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms

Community Details

  • Queens Subdivision
  • Community Garden

Listing and Financial Details

  • Legal Lot and Block 37 / 16206

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,471

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: Newport Avenue/Cronston Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Queens (Other)
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Living Area: 3043.0
  • Living Area Units: Square Feet
  • Rooms (Total): 15

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 6

Exterior Features

  • Exterior Features: Building Garden

Garage/Parking

  • Garage: Yes

Lot Info

  • Lot Size Dimensions: 100.0 x 100.0

Building Info

  • Total Stories: 2
  • Year Built: 1930

Tax Info

  • Tax Block: 16206
  • Tax Lot: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Oct 11, 2022
Sold by
Lind Daniel and Porche Stephanie
Bought by
Johnson William and Leddy Maria
Seller's Agent
Joe Cruz
Revived Residential
List Price
$1,500,000
Sold Price
$1,500,000
Views
14
Current Estimated Value
$1,311,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$188,960
Avg. Annual Appreciation
-2.41%
Original Mortgage
$800,000
Outstanding Balance
$770,728
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$631,417
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
Johnson William $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson William $800,000
Previous Owner Lind Daniel $10,142
Previous Owner Lind Daniel $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $1,500,000 0.0% $493 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $1,500,000 -- $493 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $11,471 $57,110 $16,921 $40,189
2024 $11,471 $57,110 $20,280 $36,830
2023 $10,945 $54,492 $21,453 $33,039
2022 $9,976 $53,820 $25,440 $28,380
2021 $10,321 $50,580 $25,440 $25,140
2020 $9,778 $55,620 $25,440 $30,180
2019 $9,663 $55,920 $25,440 $30,480
2018 $8,959 $45,410 $20,659 $24,751
2017 $8,433 $42,840 $25,440 $17,400
2016 $8,094 $42,840 $25,440 $17,400
2015 $5,654 $39,660 $21,180 $18,480
2014 $5,654 $39,660 $21,180 $18,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10801297

Real Estate Board of New York (REBNY)

APN: 16206-0037