$1,375,000
SOLD DEC 5, 2024
8 Beds
3 Baths
3,492 Sq Ft
5,760 Sq Ft Lot

Recently Sold

$394 Per Sq Ft

2% Below List Price

20 Days on Market

Highlights

  • Living Room
  • Gentle Sloping Lot
  • 3-minute walk to Parkman Playground

About This Home

As of December 2024

Fully leased, trophy 3-family rental, located on a side street mins from Forest Hills T, Bus & Arboretum! Current owner of 25 yrs has renovated / updated all 3 units, and is now retiring. Buyers looking to generate income from closing day will enjoy $ 8,895 per month, with leases till 8/31/25. Room to grow rents for '25 renewal cycle. Gorgeous back yard, raised garden beds, laundry in basement & unit 1. Loaded with original decorative details, mantels, mouldings, high ceilings + large rooms. Low expenses & minimal maintenance. Close to Forest Hills for commuting. Building delivered with all leases & tenants in place. Full de-lead compliance units 1+2. Unlike most multifamily homes on the market, this one has been carefully updated and is now turn-key. Ideal for 1031 investor, 6%+ Cap rate! Monthly rents #1 $3,245 #2 $3,000 #3 $2,650. 2005 new roof.

Last Agent to Sell the Property

Christian Iantosca Team

Arborview Realty Inc. Listed on: 09/24/2024

Last Buyer's Agent

Brian Perry

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,193

Year Built

  • Built in 1910

Lot Details

  • 5,760 Sq Ft Lot
  • Gentle Sloping Lot

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 3,492 Sq Ft Home
  • Living Room
  • Unfinished Basement
  • Interior Basement Entry

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • 3 Heating Zones

Listing and Financial Details

  • Total Actual Rent $8,895
  • Assessor Parcel Number 1353993

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Electric Expense $1,000
  • Insurance Expense $3,000
  • Water Sewer Expense $1,200
  • Operating Expense $11,592
  • Net Operating Income $95,148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,193

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1910
  • Year Built Details: Renovated Since
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Pantry, Living Room, Kitchen, Laundry Room
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Interior Entry, Unfinished
  • Living Area: 3492
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: BB6566
  • LIST PRICE PER Sq Ft: 400.92
  • PRICE PER Sq Ft: 393.76
  • MAIN SO: BB5918

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • Hot Water: Tank

Condo/Co-op/Association

  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1200

Lot Info

  • Parcel Number: 1353993
  • Zoning: MFR
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5760
  • Lot Size Units: Acres
  • PAGE: 00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 12192.6
  • Tax Book Number: 00

Multi Family

  • Electric Expense: 1000
  • Gross Income: 106740
  • Insurance Expense: 3000
  • Net Operating Income: 95148
  • Number Of Units Total: 3
  • Operating Expense: 11592
  • Total Actual Rent: 8895
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2020
Sold by
Kavangh Collen and Guida Matthew
Bought by
Ozer Miriam and Ozer Joshua
Current Estimated Value
$1,392,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,965
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2020
Sold by
Orenstein Theodore P and Orenstein Beverly E
Bought by
Theodore P Orenstein T P and Theodore T

Purchase Details

Closed on
Sep 11, 2006
Sold by
Orenstein Beverly E and Orenstein Theodore P
Bought by
Beverly E Orebstein T E and Beverly Orebstein

Purchase Details

Closed on
Nov 1, 1996
Sold by
Otoole Bernard A Est
Bought by
Orenstein Theodore P and Orenstein Beverly E

Purchase Details

Closed on
May 21, 1996
Sold by
Est Otoole Bernard A and Connors Maura A
Bought by
Orenstein Theodore P and Orenstein Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.77%
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 Type Sale Price Title Company
Not Resolvable $919,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Deed -- --
Warranty Deed -- --
Warranty Deed $145,000 --
Deed $145,000 --
Deed $145,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,031,250 Purchase Money Mortgage
Closed $1,031,250 Purchase Money Mortgage
Closed $315,500 Stand Alone Refi Refinance Of Original Loan
Closed $237,965 New Conventional
Previous Owner $202,500 No Value Available
Previous Owner $164,000 No Value Available
Previous Owner $258,000 No Value Available
Previous Owner $108,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $1,375,000 -1.8% $394 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $1,400,000 -- $401 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $13,100 $1,131,300 $435,200 $696,100
2024 $12,083 $1,108,500 $316,400 $792,100
2023 $11,339 $1,055,800 $301,300 $754,500
2022 $10,935 $1,005,100 $286,900 $718,200
2021 $10,879 $1,019,600 $278,500 $741,100
2020 $10,303 $975,700 $304,200 $671,500
2019 $9,345 $886,600 $211,700 $674,900
2018 $8,523 $813,300 $211,700 $601,600
2017 $8,052 $760,300 $211,700 $548,600
2016 $7,468 $678,900 $211,700 $467,200
2015 $6,887 $568,700 $191,100 $377,600
2014 $6,323 $502,600 $191,100 $311,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73294250

MLS Property Information Network (MLS PIN)

APN: JAMA-000000-000019-004757