NOT LISTED FOR SALE

57-50 74th St Flushing, NY 11379

Maspeth Neighborhood

Estimated Value: $1,441,469 - $1,732,000

6 Beds
5 Baths
-- Sq Ft
4,840 Sq Ft Lot

Last Sold December 15, 2021

Last sale price $1,315,000

Est. 22% increase in value since last sale

Current estimated payment $9,423/month

50 Days on Market

Highlights

  • 0.11 Acre Lot
  • Property is near public transit
  • Main Floor Primary Bedroom
  • Colonial Architecture
  • Wood Flooring
  • Corner Lot

About This Home

As of December 2021

YOUNG (1989) CUSTOM BUILT LEGAL THREE FAMILY CORNER PROPERTY. CONVENIENTLY LOCATED AT THE GATEWAY TO MIDDLE VILLAGE. ALL THREE APARTMENTS FEATURE TWO BEDROOMS. 2ND AND 3RD FLOOR ENJOY TWO FULL BATHS AS WELL AS BOTH A FRONT AND SIDE TERRACE TO SOAK UP THE SUN. COME HOME TO A WARM FIRE WITH THE FULLY OPERATIONAL BRICK WOOD BURNING FIREPLACE TO COZY UP THOSE COLD WINTER NIGHTS. PLENTY OF CLOSETS, SKYLIGHT, WALL AC SLEEVES, INTERCOM, SPRINKLER SYSTEM, 4 ZONE GAS BASEBOARD HEATING. BEAUTIFULLY FINISHED BASEMENT WITH HIGH CEILING AND ITS OWN SEPARATE OSE. PRIVATE DRIVEWAY, GARAGE AND AMPLE ADDITIONAL SIDEYARD PARKING FOR MULTIPLE CARS. GREAT OPPORTUNITY FOR NICE LIVING AND PRUDENT INVESTING.

Last Agent to Sell the Property

John O'Kane

O Kane Realty License #30OK0732658 Listed on: 07/29/2021

Last Buyer's Agent

John O'Kane

O Kane Realty License #30OK0732658 Listed on: 07/29/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,987

Year Built

  • Built in 1989

Lot Details

  • 4,840 Sq Ft Lot
  • 1 Common Wall
  • Northeast Facing Home
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Skylights
  • Wood Flooring
  • Finished Basement
  • Partial Basement
  • Fire Sprinkler System

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 5 Full Bathrooms

Schools

  • Ps 58 School Of Heroes Elementary School
  • Is 73 Frank Sansivieri Inter Middle School
  • Maspeth High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 4 Heating Zones
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Balcony
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 16 / 2812
  • Assessor Parcel Number 02812-0016

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,987

Year Built

Built in 1989

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: EXCELLENT
  • Levels: Three Or More
  • Building Size: 35x35 Irr
  • Year Built: 1989
  • New Construction: No
  • Attribution Contact: 718-779-1111
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Master Downstairs, Walk-In Closet(s)
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 1 Common Wall
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Basement: Finished, Partial
  • Inclusions: Ceiling Fan, Intercom
  • Total Bedrooms: 6
  • Kitchens: 3
  • Window Features: Skylight(s)

Exterior Features

  • Direction Faces: Northeast
  • Construction Materials: Brick
  • Flood Zone Report: No
  • Exterior Features: Balcony

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Description: Private, Attached, 1 Car Attached, Driveway

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Hot Water: Gas Stand Alone
  • Heating Zones: 4
  • Security: Fire Sprinkler System
  • Separate Hotwater Heater Detail: yes
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 73 Frank Sansivieri Inter School

Lot Info

  • Lot Size Acres: 0.1100
  • Lot Dimensions: 55x88 Irr
  • Lot Size Sq Ft: 4840.00
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 02812-0016
  • Zoning Description: R4
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2021-12-15
  • Included in Taxes: Trash
  • Tax Annual Amount: 12987.00
  • Tax Block: 2812
  • Tax Lot: 16
  • Tax Map Number: 02812-0016

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3

MLS Schools

  • Elementary School: Ps 58 School Of Heroes
  • High School: Maspeth High School
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Dec 15, 2021
Sold by
57-50 74Th Street Llc
Bought by
Wang & Mei Enterprise Llc
Seller's Agent
John O'Kane
O Kane Realty
Buyer's Agent
John O'Kane
O Kane Realty
List Price
$1,399,000
Sold Price
$1,315,000
Premium/Discount to List
-$84,000
-6%
Current Estimated Value
$1,605,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,117
Avg. Annual Appreciation
4.97%
Original Mortgage
$940,000
Outstanding Balance
$864,553
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$740,564

Purchase Details

Closed on
Feb 22, 2013
Sold by
Hrf Construction Co Inc
Bought by
57-50 74 Street Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wang & Mei Enterprise Llc $1,315,000 --
57-50 74 Street Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang & Mei Enterprise Llc $940,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2021 12/15/21 Sold $1,315,000 -6.0% --
09/17/2021 09/17/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $1,399,000 -- --
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 $13,354 $69,871 $8,222 $61,649
2024 $13,354 $66,486 $8,282 $58,204
2023 $13,354 $66,486 $9,152 $57,334
2022 $13,058 $79,500 $13,140 $66,360
2021 $12,987 $85,020 $13,140 $71,880
2020 $12,325 $85,920 $13,140 $72,780
2019 $11,590 $93,180 $13,140 $80,040
2018 $11,294 $55,405 $8,051 $47,354
2017 $11,111 $54,508 $10,862 $43,646
2016 $10,280 $54,508 $10,862 $43,646
2015 $6,202 $48,522 $12,678 $35,844
2014 $6,202 $46,171 $13,277 $32,894
Source: Public Records

Agents Affiliated with this Home

  • John O'Kane

    Seller's Agent in 2021

    John O'Kane

    O Kane Realty

    (718) 607-9467

    27 in this area

    78 Total Sales

    John O'Kane
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Map

Source: OneKey® MLS

MLS Number: KEY3334147

OneKey® MLS

APN: 02812-0016

New York Queens County Flushing 11378 Maspeth

57-50 74th St, Flushing, NY

Not Listed for Sale

MultiFamily

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