NOT LISTED FOR SALE

45-08 Parsons Blvd Flushing, NY 11355

Flushing Neighborhood

Estimated Value: $1,644,772

1 Bed
4 Baths
-- Sq Ft
2,004 Sq Ft Lot

Last Sold December 28, 2022

Last sale price $1,500,000

Est. 10% increase in value since last sale

Current estimated payment $10,891/month

26 Days on Market

Highlights

  • Property is near public transit
  • Cooling Available
  • Hot Water Heating System
  • P.S. 024 Andrew Jackson School Rated A-
  • Park
  • Heating System Uses Steam

About This Home

As of December 2022

Investor/User Delight, Great Income Producer Mixed Use Building near Flushing Hospital. First Floor is commercial space, currently used as restaurant. Upper floor is residential. Property located in the heart of Flushing with huge commercial space, heavy foot step. Close to 7 train station, LIRR, Shops, Schools and restaurants. Great upside potential for investor or a user occupant, high income produced property with easy management. Please do not interfere the tenants.

Last Agent to Sell the Property

Tong Jiang

Prospes Real Estate Corp License #10301216998 Listed on: 10/19/2022

Last Buyer's Agent

Wei Lin

Chase Global Realty Corp License #10301217764

Chase Global Realty Corp

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,537

Year Built

  • Built in 1931

Lot Details

  • 2,004 Sq Ft Lot
  • Lot Dimensions are 19.58x102.33
  • Two or More Common Walls

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 1 Bedroom

Location

  • Property is near public transit

Schools

  • Ps 24 Andrew Jackson Elementary School
  • Is 237 Middle School
  • Flushing High School

Utilities

  • Cooling Available
  • 2 Heating Zones
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 21 / 5205
  • Assessor Parcel Number 05205-0021

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,537

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Store+Dwell
  • Property SubType: Multi Family
  • Property Condition: Excellent
  • Levels: Two
  • Year Built: 1931
  • New Construction: No
  • Attribution Contact: 718-321-2800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Full
  • Total Bedrooms: 1
  • Kitchens: 2

Exterior Features

  • Construction Materials: Brick
  • Flood Zone Date: 2022-10-21
  • Flood Zone Report: Yes

Garage/Parking

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

Utilities

  • Cooling: Yes
  • Heating: Natural Gas, Hot Water, Steam
  • Hot Water: Gas Stand Alone
  • Heating Zones: 2
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Ps 24 Andrew Jackson
  • Middle School: Is 237
  • High School: Flushing High School
  • Middle School: Is 237

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Area: 0.0500
  • Lot Dimensions: 19.58x102.33
  • Lot Size Sq Ft: 2004.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 05205-0021
  • Zoning Description: R3X, C1-3
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-12-28
  • Tax Annual Amount: 21537.00
  • Tax Block: 5205
  • Tax Lot: 21
  • Tax Map Number: 05205-0021

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Ps 24 Andrew Jackson
  • High School: Flushing High School
  • Middle School District: Queens 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Dec 28, 2022
Sold by
Daniel & Christine Merkle Trust and Nicole Schlott Sullivan As Trustee
Bought by
Yang Hu Hou Shu Hu Inc
Seller's Agent
Tong Jiang
Prospes Real Estate Corp
Buyer's Agent
Wei Lin
Chase Global Realty Corp
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Views
10
Current Estimated Value
$1,644,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,772
Avg. Annual Appreciation
3.70%
Original Mortgage
$900,000
Outstanding Balance
$873,526
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$777,067

Purchase Details

Closed on
Oct 3, 2019
Sold by
Merkle Daniel J
Bought by
Daniel & Christine Merkle Trust and Nicole Schlott Sullivan Trustee

Purchase Details

Closed on
Feb 27, 2004
Sold by
Spinelli Stephen
Bought by
Merkle Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.67%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Yang Hu Hou Shu Hu Inc $1,500,000 --
Yang Hu Hou Shu Hu Inc $1,500,000 --
Daniel & Christine Merkle Trust -- --
Daniel & Christine Merkle Trust -- --
Merkle Daniel $375,000 --
Merkle Daniel $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Hu Hou Shu Hu Inc $900,000
Closed Yang Hu Hou Shu Hu Inc $900,000
Previous Owner Merkle Daniel $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $1,500,000 -6.3% --
11/14/2022 11/14/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $1,600,000 -- --
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 $22,621 $214,290 $44,100 $170,190
2024 $22,621 $213,570 $44,100 $169,470
2023 $22,650 $213,840 $44,100 $169,740
2022 $21,498 $200,250 $44,100 $156,150
2021 $18,768 $175,500 $44,100 $131,400
2020 $23,481 $241,200 $44,100 $197,100
2019 $22,048 $231,750 $44,100 $187,650
2018 $20,458 $194,580 $34,380 $160,200
2017 $18,878 $179,552 $31,140 $148,412
2016 $17,929 $179,552 $31,140 $148,412
2015 $11,752 $166,591 $27,900 $138,691
2014 $11,752 $166,231 $27,882 $138,349
Source: Public Records

Agents Affiliated with this Home

  • Tong Jiang

    Seller's Agent in 2022

    Tong Jiang

    Prospes Real Estate Corp

    (347) 925-2373

    13 in this area

    20 Total Sales

    Section Image
  • Wei Lin

    Buyer's Agent in 2022

    Wei Lin

    Chase Global Realty Corp

    (718) 313-7895

    39 in this area

    57 Total Sales

    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3438172

OneKey® MLS

APN: 05205-0021

New York Queens County Flushing 11355 Flushing

45-08 Parsons Blvd, Flushing, NY

This home is located at 45-08 Parsons Blvd, Flushing, NY 11355 since 19 October 2022 and is currently estimated at $1,644,772. This property was built in 1931. 45-08 Parsons Blvd is a home located in Queens County with nearby schools including P.S. 024 Andrew Jackson School, Rachel Carson I.S. 237Q, and Francis Lewis High School.

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