NOT LISTED FOR SALE

Estimated Value: $1,378,000 - $1,764,000

5 Beds
2 Baths
1,960 Sq Ft
$786/Sq Ft Est. Value

Last Sold July 20, 2023

Last sale price $1,450,000 $740 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,943/month

16 Days on Market

Highlights

  • Pre War Building
  • 5-minute walk to 45 Street
  • 4-minute walk to Sunset Park
  • Garden

About This Home

As of July 2023

Welcome to 470 42nd Street, a charming and versatile two-family home on a tree lined block in Sunset Park. Currently configured as two separate units plus a basement, this 20' home is situated on a 100' lot and can easily be converted to a sprawling single family home.

The sunny garden level features high ceilings, hardwood floors, and multiple living spaces. A charming eat-in kitchen has white subway tiles, newly painted kitchen cabinets, a pantry and access to an expansive south-facing backyard that will delight garden lovers and those who love to entertain.

On the top floor of this home, a rustic chic kitchen with a center island, exposed brick and beams, 11' high ceilings and two living areas await. Adjacent to the living area are two well proportioned bedrooms. The primary bedroom is a peaceful retreat that can easily accommodate a king sized bed and has two large closets. The second bedroom is roomy enough for bunk beds and has a bonus loft! This level also has a full bathroom with a skylight and an office area.

470 42nd Street also features over 2,000SF of unused FAR, including an unfinished basement, and offers incredible flexibility as a two-family or single family home. It is conveniently located just a stone's throw from Sunset Park, a 24.5-acre public park that is treasured for its lush greenery and sunset vistas and has a playground, recreation center and pool! You'll also enjoy easy access to the neighborhood's vibrant food and drinks scene, including L'Wren, Judy's, La Conchita Bakery, Hometown Bar-b-que, Reina de la Nube, and tons of other options at nearby Industry City. Transportation options include the R at 45th Street and the D/N/R at 36th Street.

Contact us today to schedule a viewing at this very special home that offers endless opportunities.

Last Agent to Sell the Property

Jessica Hirsch

Compass License #10401245511 Listed on: 04/27/2023

Compass

Co-Listed By

Lia Wiedemann

Compass License #10401237779

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,637

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 20.0 x 100.17
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 1,960 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Community Details

  • Sunset Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 37 / 724

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,637

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: 4th Avenue/5th Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Sunset Park
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 1960.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.17

Building Info

  • Total Stories: 3
  • Year Built: 1910

Tax Info

  • Tax Block: 724
  • Tax Lot: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2023
Sold by
Currey Jonathan James
Bought by
Jonathan J Currey 2023 Revocable Trust and Jonathan J Currey As Trustee
Current Estimated Value
$1,539,813

Purchase Details

Listed on
Apr 27, 2023
Closed on
Jul 20, 2023
Sold by
Welk Jeffrey and Welk Katherine
Bought by
Currey Jonathan James
Seller's Agent
Jessica Hirsch
Compass
List Price
$1,450,000
Sold Price
$1,450,000
Views
98

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.15%

Purchase Details

Listed on
Aug 27, 2022
Closed on
Dec 19, 2022
Sold by
Deanda Ricardo E and Deanda Rosa M
Bought by
Welk Jeffrey and Welk Katherine
Seller's Agent
Charles Fabbella
Ben Bay Realty Co of Bay Ridge
Buyer's Agent
NON MEMBER
List Price
$1,488,000
Sold Price
$1,430,000
Premium/Discount to List
-$58,000
-3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%
Original Mortgage
$1,068,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2017
Sold by
Francovilla Joan and O'Neill Patricia Ann
Bought by
Deanda Ricardo E and Deanda Rosa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 1995
Sold by
Oneill Thomas Patrick and Oneill William J
Bought by
Oneill Martin J
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
Jonathan J Currey 2023 Revocable Trust -- --
Jonathan J Currey 2023 Revocable Trust -- --
Currey Jonathan James $1,675,000 --
Currey Jonathan James $1,675,000 --
Welk Jeffrey $1,430,000 --
Welk Jeffrey $1,430,000 --
Deanda Ricardo E $1,150,000 --
Deanda Ricardo E $1,150,000 --
Oneill Martin J -- Chicago Title Insurance Co
Oneill Martin J -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Welk Jeffrey $1,068,000
Previous Owner Deanda Ricardo E $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $1,450,000 0.0% $740 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $1,450,000 +1.4% $740 / Sq Ft
12/19/2022 12/19/22 Sold $1,430,000 -3.9% $584 / Sq Ft
08/27/2022 08/27/22 Pending -- -- --
08/27/2022 08/27/22 For Sale $1,488,000 -- $607 / 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 $6,637 $85,680 $13,920 $71,760
2024 $6,637 $84,300 $13,920 $70,380
2023 $6,461 $97,980 $13,920 $84,060
2022 $6,239 $90,960 $13,920 $77,040
2021 $6,228 $77,700 $13,920 $63,780
2020 $4,671 $75,000 $13,920 $61,080
2019 $5,760 $70,680 $13,920 $56,760
2018 $5,404 $26,512 $4,365 $22,147
2017 $5,309 $26,043 $5,804 $20,239
2016 $1,687 $24,661 $6,199 $18,462
2015 $962 $24,322 $6,863 $17,459
2014 $962 $22,947 $7,770 $15,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10868733

Real Estate Board of New York (REBNY)

APN: 00724-0037