Seller's Agent in 2021
Alison McQueen
Corcoran Group
(516) 581-3117
4 in this area
48 Total Sales
5116 6th Ave New York, NY 11220
Sunset Park NeighborhoodEstimated Value: $1,445,520
6
Beds
3
Baths
--
Sq Ft
1,699
Sq Ft Lot
About This Home
As of September 2021Rare investment opportunity in prime Sunset Park! Located steps to Sunset Park and the R train at 53rd Street, 5116 6th Avenue is a wise investment you can hold for generations. Meticulously maintained and well cared for, the current set-up at 5116 6th Ave is three floor-through apartments. Each apartment boasts hardwood floors, two bedrooms, and generous living and dining areas. The ground floor apartment has direct access to the building's basement and large garden. With three residential units, 5116 6th Avenue generates a 4.5% cap rate. The ground-floor was used as a store front in the past, so potential exists in this versatile space to realize your dreams. Bring your architect to explore the possibilities! The tenants in units 2 and 3 are in place through the summer. Their leases expire 6/30 and 8/31, respectively. Set-up available upon request.
Last Agent to Sell the Property
Corcoran Group License #10301215889 Listed on: 04/18/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 1,699
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Community Details
- 3 Units
- Sunset Park Subdivision
Listing and Financial Details
- Tax Block 800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2021
Closed on
Sep 3, 2021
Sold by
Cirone Paul V
Bought by
Wing Sing Group Corporation
Seller's Agent
Alison McQueen
Corcoran Group
List Price
$1,199,000
Sold Price
$1,300,000
Premium/Discount to List
$101,000
8.42%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,520
Avg. Annual Appreciation
2.35%
Original Mortgage
$750,000
Outstanding Balance
$681,426
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$764,094
Purchase Details
Closed on
Dec 15, 2017
Sold by
Cirone Olga and Cirone Paul V
Bought by
Cirone Paul V
Purchase Details
Closed on
Jul 9, 2010
Sold by
Cirone Paul
Bought by
Cirone Paul
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wing Sing Group Corporation | $1,300,000 | -- | |
| Cirone Paul V | -- | -- | |
| Cirone Olga | -- | -- | |
| Cirone Paul | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wing Sing Group Corporation | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/03/2021 09/03/21 | Sold | $1,300,000 | +8.4% | -- |
| 05/10/2021 05/10/21 | Pending | -- | -- | -- |
| 04/18/2021 04/18/21 | For Sale | $1,199,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
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 | $5,811 | $310,500 | $80,100 | $230,400 |
| 2024 | $5,811 | $279,000 | $80,100 | $198,900 |
| 2023 | $5,279 | $258,750 | $80,100 | $178,650 |
| 2022 | $4,876 | $264,150 | $80,100 | $184,050 |
| 2021 | $4,235 | $310,500 | $80,100 | $230,400 |
| 2020 | $2,072 | $338,850 | $80,100 | $258,750 |
| 2019 | $4,215 | $339,750 | $80,100 | $259,650 |
| 2018 | $3,915 | $33,105 | $9,339 | $23,766 |
| 2017 | $3,680 | $30,654 | $9,155 | $21,499 |
| 2016 | $3,355 | $28,384 | $9,356 | $19,028 |
| 2015 | $2,157 | $28,384 | $10,125 | $18,259 |
| 2014 | $2,157 | $27,503 | $11,768 | $15,735 |
Source: Public Records
Agents Affiliated with this Home
-
Alison McQueen
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10712002
APN: 00800-0044
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
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