NOT LISTED FOR SALE

Estimated Value: $958,000 - $1,488,000

8 Beds
6 Baths
3,944 Sq Ft
$332/Sq Ft Est. Value

Sale Details

Date Sold: April 18, 2016

Last sale price $877,500 $222 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $8,669 / mo

119 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • Cooling System Mounted In Outer Wall Opening
  • P.S. 81 - Robert J. Christen Rated A-
  • Corner Lot
  • Park

About This Home

As of April 2016

Solid return on investment: At 25% downpayment and market rents, this property gives you a return of 8.1% or 6% cap rate. Great setup in this 3 family. 1st floor unit is a large 2 bed/2bath. 2nd floor is 3 bed/2 bath and 3rd floor is a 3 bed/2 bath. Where can you find a multi-family where each unit offers a master bath. This young building has hardwood floors throughout and each unit has separate heating units so landlord does not pay for tenant's utilities. Basement is full height and is currently being used as tenant storage and coin operated washer/dryer. Close to public transportation. Taxes are abated until 2017. Taxes w/o abatement is $8110.

Last Agent to Sell the Property

Barbara Han

RE/MAX Distinguished Hms.&Prop Brokerage Phone: 914-346-8255 License #10301218363 Listed on: 10/01/2015

RE/MAX Distinguished Hms.&Prop

Co-Listed By

Angel Colon

Houlihan Lawrence Inc. Brokerage Phone: 914-346-8255 License #40CO1024162

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,588

Year Built

  • Built in 2006

Lot Details

  • 1,673 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Exterior

Interior Spaces

  • 3,944 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 05835-3046

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,588

Year Built

Built in 2006

Lot Details

1,673 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 2006
  • Attribution Contact: 914-346-8255
  • Co List Office Mls Id: ONERECITY
  • Co List Office Phone: 929-222-4200
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 6
  • Basement: Full, Unfinished
  • Total Bedrooms: 8
  • Living Area: 3944
  • SquareFootage: 3944.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Block, Brick

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 3

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.0384
  • Lot Size Sq Ft: 1673
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 05835-3046
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 4
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 2588
  • Tax Map Number: 05835-3046
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2015
Closed on
Apr 14, 2016
Sold by
Akujuo Uchenna
Bought by
Chen Daniel Z
Seller's Agent
Barbara Han
RE/MAX Distinguished Hms.&Prop
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$949,000
Sold Price
$877,500
Premium/Discount to List
-$71,500
-7.53%
Current Estimated Value
$1,430,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,237
Avg. Annual Appreciation
4.10%
Original Mortgage
$645,300
Outstanding Balance
$511,261
Interest Rate
3.68%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$798,796

Purchase Details

Closed on
Jul 16, 2015
Sold by
Akujuo Uchenna and Nwuneli Nkemuka
Bought by
Akujuo Uchenna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,469
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2008
Sold by
Mgs Group Llc
Bought by
Akujuo Uchenna and Nwuneli Nkemuka

Purchase Details

Closed on
Oct 17, 2006
Sold by
Mlsama Realty Llc
Bought by
Mgs Group Llc

Purchase Details

Closed on
Sep 9, 2005
Sold by
Espin Ana
Bought by
Assil Shahin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2005
Sold by
Assil Shahin
Bought by
Mlsama Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Chen Daniel Z $877,500 --
Chen Daniel Z $877,500 --
Akujuo Uchenna -- --
Akujuo Uchenna -- --
Akujuo Uchenna $809,584 --
Akujuo Uchenna $809,584 --
Mgs Group Llc -- --
Mgs Group Llc -- --
Assil Shahin $875,000 --
Assil Shahin $875,000 --
Mlsama Realty Llc -- --
Mlsama Realty Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Daniel Z $645,300
Closed Chen Daniel Z $645,300
Previous Owner Akujuo Uchenna $33,469
Previous Owner Assil Shahin $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2016 04/18/16 Sold $877,500 -7.5% $222 / Sq Ft
01/29/2016 01/29/16 Pending -- -- --
10/01/2015 10/01/15 For Sale $949,000 -- $241 / 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
2025 $11,552 $60,964 $8,844 $52,120
2024 $11,552 $57,514 $9,351 $48,163
2023 $9,364 $54,259 $8,379 $45,880
2022 $7,578 $74,820 $12,360 $62,460
2021 $6,239 $78,540 $12,360 $66,180
2020 $4,439 $67,920 $12,360 $55,560
2019 $2,827 $58,500 $12,360 $46,140
2018 $2,754 $45,216 $10,048 $35,168
2017 $2,754 $45,216 $10,657 $34,559
2016 $2,701 $44,876 $9,452 $35,424
2015 $1,845 $42,336 $13,137 $29,199
2014 $1,845 $39,940 $12,792 $27,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4544455

OneKey® MLS

APN: 05835-3046

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