NOT LISTED FOR SALE

5709 Faraday Ave Bronx, NY 10471

Estimated Value: $975,000 - $1,355,783

8 Beds
4 Baths
2,184 Sq Ft
$521/Sq Ft Est. Value

Last Sold March 19, 2018

Last sale price $980,000 $449 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,940/month

278 Days on Market

Highlights

  • Water Access
  • Deck
  • Wood Flooring
  • P.S. 81 - Robert J. Christen Rated A-
  • Property is near public transit
  • Granite Countertops

About This Home

As of March 2018

Great opportunity to own this money making multi-family property in North Riverdale. The property consists of three units in mint condition and will be delivered 90% vacant. The first unit is a duplex with 4 bedrooms, 2 full baths, a living room and full dining area with access to a side patio from one of the bedrooms. The second unit is a 2 bedroom, 1 bath unit with an open concept living and dining area. Both units are equipped with washer and dryer units. The third unit is a walk out 2 bedroom, 1 bath unit with an eat in kitchen and access to the backyard patio. Each unit is individually metered and pays their own utilities. Don't miss out on your chance to make this property yours!

Last Agent to Sell the Property

Steven Saljanin

EXIT Realty Private Client Brokerage Phone: 914-222-1000 License #10311206017 Listed on: 04/19/2017

EXIT Realty Private Client

Co-Listed By

Matthew Barbaccia

EXIT Realty Private Client Brokerage Phone: 914-222-1000 License #10301218821

Last Buyer's Agent

Non Non Member-MLS

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,173

Year Built

  • Built in 1988

Lot Details

  • 3,123 Sq Ft Lot
  • Two or More Common Walls
  • Sloped Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,184 Sq Ft Home
  • Formal Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Water Access
  • Deck
  • Patio

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 05855-2293

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,173

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1988
  • Attribution Contact: 914-222-1000
  • Co List Office Mls Id: ONEEXRLPR
  • Co List Office Phone: 914-222-1000
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Formal Dining, Granite Counters, Storage
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 4
  • Basement: Finished, Full, Walk-Out Access
  • Total Bedrooms: 8
  • Living Area: 2184
  • Owner Pays: Insurance
  • SquareFootage: 2184.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick
  • Waterfront Features: Water Access
  • Patio and Porch Features: Deck, Patio

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Description: Attached, 2 Car Attached, Driveway

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: 0.07
  • Lot Dimensions: 0.0717
  • Lot Size Sq Ft: 3123
  • Lot Size Units: Acres
  • Lot Features: Sloped, Near Public Transit
  • Parcel Number: 05855-2293
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 4
  • Separate Gas Meters: 3
  • NumberOf1Bedrooms: 0
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 0
  • NumberOf4Bedrooms: 1

Tax Info

  • Tax Annual Amount: 10173
  • Tax Map Number: 05855-2293

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
Apr 19, 2017
Closed on
Mar 19, 2018
Sold by
Saljanin Now Known As Boris and Shala-Shaljanin Boris
Bought by
Albert Timothy and Goldstein Melissa
Seller's Agent
Steven Saljanin
EXIT Realty Private Client
Buyer's Agent
Non Non Member-MLS
Non-Member MLS
List Price
$1,095,000
Sold Price
$980,000
Premium/Discount to List
-$115,000
-10.5%
Current Estimated Value
$1,137,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,696
Avg. Annual Appreciation
1.93%
Original Mortgage
$336,419
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2011
Sold by
Russo John L and Russo Michael
Bought by
Shala-Shaljanin Boris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2001
Sold by
O'Brien Michael and O'Brien Vathleen J
Bought by
Russo Michael and Russo John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
7.04%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Albert Timothy $980,000 --
Shala-Shaljanin Boris $600,000 --
Russo Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Albert Timothy $336,419
Previous Owner Shala-Shaljanin Boris $450,000
Previous Owner Russo Michael $279,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2018 03/19/18 Sold $980,000 -10.5% $449 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $1,095,000 -- $501 / 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 $11,894 $62,773 $16,855 $45,918
2024 $11,894 $63,155 $18,108 $45,047
2023 $12,100 $59,580 $16,980 $42,600
2022 $11,702 $58,620 $16,980 $41,640
2021 $12,097 $57,480 $16,980 $40,500
2020 $13,003 $63,480 $16,980 $46,500
2019 $12,650 $64,980 $16,980 $48,000
2018 $11,629 $57,049 $12,732 $44,317
2017 $10,971 $53,820 $16,980 $36,840
2016 $10,234 $51,192 $16,538 $34,654
2015 $6,174 $51,192 $18,081 $33,111
2014 $6,174 $50,807 $17,945 $32,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY4716619

OneKey® MLS

APN: 05855-2293