NOT LISTED FOR SALE

Estimated Value: $941,278 - $1,138,000

4 Beds
2.5 Baths
1,674 Sq Ft
$638/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $930,000 $556 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,183/month

27 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • Park
  • P.S. 229 Emanuel Kaplan Rated A-
  • Corner Lot
  • 4-minute walk to Whitefish Triangle Park

About This Home

As of January 2024

This 2 family property offers a lucrative opportunity for investors as well as first time homebuyers. Located in the heart of Maspeth, this maintained 2 family offers comfortable living and income potential. Each apartment has LR/EIK Kitchen/ 2 beds and 1FB. Corner property, oversized lot, and driveway. Sold as-is

Last Agent to Sell the Property

Tara Downing

LAFFEY REAL ESTATE Brokerage Phone: 516-883-7780 License #10301208815 Listed on: 09/06/2023

LAFFEY REAL ESTATE

Last Buyer's Agent

Angela Kwok

United Real Estate Fortune License #10401315661

United Real Estate Fortune

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,985

Year Built

  • Built in 1910

Lot Details

  • 3,198 Sq Ft Lot
  • Lot Dimensions are 39x82
  • 1 Common Wall
  • East Facing Home
  • Private Entrance
  • Back Yard Fenced
  • Corner Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 1,674 Sq Ft Home
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • Private Parking
  • Driveway

Location

  • Property is near public transit

Schools

  • Ps 229 Emanuel Kaplan Elementary School
  • Is 73 Frank Sansivieri Inter Middle School
  • Maspeth High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 29 / 2377
  • Assessor Parcel Number 02377-0029

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,985

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: Good
  • Year Built: 1910
  • New Construction: No
  • Attribution Contact: 516-883-7780
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Cooktop, Oven, Refrigerator
  • Living Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Full
  • Inclusions: Ceiling Fan,Cook Top,Door Hardware,Refrigerator
  • Total Bedrooms: 4
  • Living Area: 1674
  • SquareFootage: 1674.00
  • NumberOfKitchens: 2

Exterior Features

  • Direction Faces: East
  • Construction Materials: Frame, Brick
  • Fencing: Back Yard
  • Exterior Features: Private Entrance
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Oil, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Fuel Oil Stand Alone
  • NumberOfHeatingZones: 2

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 73 Frank Sansivieri Inter School

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 39x82
  • Lot Size Sq Ft: 3198
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 02377-0029
  • Zoning Description: R4-1
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-09-08

Rental Info

  • Lease Considered: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 3
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 6985.48
  • Tax Block: 2377
  • Tax Lot: 29
  • Tax Map Number: 02377-0029
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • Elementary School: Ps 229 Emanuel Kaplan
  • High School: Maspeth High School
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Jan 12, 2024
Sold by
Coleman Marilyn G
Bought by
Yang Yue Jiao
Seller's Agent
Tara Downing
LAFFEY REAL ESTATE
Buyer's Agent
Angela Kwok
United Real Estate Fortune
List Price
$979,000
Sold Price
$930,000
Premium/Discount to List
-$49,000
-5.01%
Views
521
Current Estimated Value
$1,067,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,820
Avg. Annual Appreciation
7.27%
Original Mortgage
$450,000
Outstanding Balance
$441,605
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$626,215

Purchase Details

Closed on
Nov 16, 1996
Sold by
Koslow Helen L
Bought by
Coleman Marilyn G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
8.09%
Mortgage Type
Purchase Money Mortgage
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
Yang Yue Jiao $930,000 --
Yang Yue Jiao $930,000 --
Coleman Marilyn G $110,000 First American Title Ins Co
Coleman Marilyn G $110,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Yue Jiao $450,000
Closed Yang Yue Jiao $450,000
Previous Owner Coleman Marilyn G $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2024 01/12/24 Sold $930,000 -5.0% $556 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $979,000 -- $585 / Sq Ft
Source: OneKey® MLS

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 $7,254 $37,118 $9,393 $27,725
2024 $7,254 $36,116 $8,980 $27,136
2023 $6,908 $34,396 $8,212 $26,184
2022 $6,523 $60,180 $13,680 $46,500
2021 $6,514 $56,460 $13,680 $42,780
2020 $6,547 $55,860 $13,680 $42,180
2019 $6,296 $51,060 $13,680 $37,380
2018 $5,843 $28,663 $8,138 $20,525
2017 $5,550 $27,228 $9,378 $17,850
2016 $5,157 $27,228 $9,378 $17,850
2015 $3,098 $25,777 $8,351 $17,426
2014 $3,098 $25,081 $9,316 $15,765
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3502292

OneKey® MLS

APN: 02377-0029