NOT LISTED FOR SALE

Estimated Value: $1,841,158 - $2,351,000

Studio
-- Bath
3,600 Sq Ft
$575/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $900,000 $250 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $13,816/month

118 Days on Market

Highlights

  • Water Access
  • Wood Flooring
  • 2 Car Detached Garage
  • Purchase School Rated A
  • Balcony
  • Porch

About This Home

As of October 2018

5-7 Park Ave, West Harrison. A rare opportunity in this neighborhood, also known as Silver Lake, this multifamily property is comprised of four 1-bedroom apartments and one additional 1- bedroom unit in the downstairs (without CofO). The first and second floors are approximately 1,200 SF each, with an additional +/- 1,200 SF for the basement apartment, totaling about 3,600 SF of rentable space. There is a 2 car parking garage in the left rear of the property as well as 2 driveways, one on each side. Tenants pay their own gas heat, hot water and electric and are individually metered for all. The individual gas boilers are approximately 15 years old as is the roof. The property is in impeccable shape and several kitchens and bathrooms have been renovated within the last 18 months to 6 years. Rents are under-market and none of the tenants currently have leases in place. ** All rents are $1,200 each Taxes $10,000 Insurance $3,000 Water $500

Last Agent to Sell the Property

Anthony Watkins

Kinsio Realty LLC Brokerage Phone: 914-292-0100 License #10491207072 Listed on: 04/05/2018

Last Buyer's Agent

Christine Ricci

Keller Williams NY Realty License #30RI1106120

Keller Williams NY Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 1928

Lot Details

  • 7,500 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Detached Garage
  • Driveway

Interior Spaces

  • 3,600 Sq Ft Home
  • Storage
  • Wood Flooring

Outdoor Features

  • Water Access
  • Balcony
  • Porch

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Samuel J Preston Elementary School
  • Louis M Klein Middle School
  • Harrison High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 2801-000-851-00000-000-0015

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,000

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1928
  • Attribution Contact: 914-292-0100
  • Village: Harrison
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Legal Accessory Apartment, Storage
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Living Area: 3600
  • Owner Pays: Insurance
  • SquareFootage: 3600.00
  • SquareFootageSource: Other

Exterior Features

  • Waterfront Features: Water Access
  • Exterior Features: Balcony
  • Patio and Porch Features: Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Detached, 2 Car Detached, Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Association/Amenities

  • Community Features: Trash Collection

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Louis M Klein Middle School

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 7500.0000
  • Lot Size Sq Ft: 7500
  • Lot Size Units: Acres
  • Parcel Number: 2801-000-851-00000-000-0015
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, See Remarks

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 4
  • Separate Gas Meters: 5
  • NumberOf1Bedrooms: 4

Tax Info

  • Tax Annual Amount: 10000
  • Tax Map Number: 2801-000-851-00000-000-0015
  • IncludedInTaxes: Trash

MLS Schools

  • Elementary School: Samuel J Preston School
  • High School: Harrison High School
  • Middle School District: Harrison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2000
Sold by
Salpine Llc
Bought by
Sumaida Saif A and Sultan Manal M
Current Estimated Value
$2,069,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Outstanding Balance
$163,028
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,906,512

Purchase Details

Closed on
Mar 4, 1999
Sold by
Park Lane Northeast Company Lp
Bought by
Salpine Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.49%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sumaida Saif A $735,000 --
Salpine Llc $260,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sumaida Saif A $435,000
Previous Owner Salpine Llc $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2018 10/31/18 Sold $900,000 -3.1% $250 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $929,000 -- $258 / Sq Ft
Source: OneKey® MLS

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 $36,709 $22,100 $1,800 $20,300
2023 $38,994 $22,100 $1,800 $20,300
2022 $34,570 $22,100 $1,800 $20,300
2021 $33,904 $22,100 $1,800 $20,300
2020 $36,466 $22,100 $1,800 $20,300
2019 $34,900 $22,100 $1,800 $20,300
2018 $21,855 $22,100 $1,800 $20,300
2017 $0 $22,100 $1,800 $20,300
2016 $33,264 $22,100 $1,800 $20,300
2015 -- $22,100 $1,800 $20,300
2014 -- $22,100 $1,800 $20,300
2013 -- $22,100 $1,800 $20,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4813966

OneKey® MLS

APN: 2801-001-005-00000-000-0004