NOT LISTED FOR SALE

Estimated Value: $960,155 - $1,353,000

5 Beds
3 Baths
-- Sq Ft
6,000 Sq Ft Lot

Last Sold March 15, 2024

Last sale price $1,250,000

Est. 7% decrease in value since last sale

Current estimated payment $6,850/month

30 Days on Market

Highlights

  • 0.14 Acre Lot
  • Colonial Architecture
  • 1 Car Detached Garage
  • P.S. 49 - Dorothy Bonawit Kole Rated A-
  • Property is near public transit
  • 5-minute walk to Walter Crowley Playground

About This Home

As of March 2024

Exciting New Development Opportunity in Middle Village. Discover an INCREDIBLE opportunity for new development in the heart of Middle Village! This property boasts an expansive 60X100 lot size with coveted R4-1 zoning, presenting an exceptional chance to rebuild into two three-level, two-family houses. Buyers need to consult with an architect. Ideal for investors, builders, or contractors, the property sits on a quiet block with a great location, offering a peaceful retreat close to Manhattan. Enjoy the convenience of easy transportation access, including the subway and express buses. This prime location coupled with unlimited potential makes it a must-consider investment. Don't miss out on shaping the future of this remarkable property!

Last Agent to Sell the Property

Tong Jiang

Prospes Real Estate Corp Brokerage Phone: 718-321-2800 License #10301216998 Listed on: 12/15/2023

Last Buyer's Agent

SuNu Xu

EXP Realty License #10301224355

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,894

Year Built

  • Built in 1930

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 60x100
  • No Common Walls

Parking

  • 1 Car Detached Garage
  • Shared Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Frame Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps/Is 87 Middle Village Elementary School
  • Ps 49 Dorothy Bonawit Kole Middle School
  • Newtown High School

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Additional Features

  • Partially Finished Basement

Listing and Financial Details

  • Legal Lot and Block 12 / 2911
  • Assessor Parcel Number 02911-0012

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,894

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 718-321-2800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Partially Finished
  • Total Bedrooms: 5
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick, Frame
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Shared Driveway, Detached, 1 Car Detached

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • SeparateHotwaterHeaterDetail: N

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Ps 49 Dorothy Bonawit Kole

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 60x100
  • Lot Size Sq Ft: 6000
  • Lot Size Units: Acres
  • Parcel Number: 02911-0012
  • Zoning Description: R4-1
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Available Date: 2024-03-08

Multi Family

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

Tax Info

  • Tax Annual Amount: 8894
  • Tax Block: 2911
  • Tax Lot: 12
  • Tax Map Number: 02911-0012

MLS Schools

  • Elementary School: Ps/Is 87 Middle Village
  • High School: Newtown High School
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2023
Closed on
Mar 15, 2024
Sold by
F12 Development Llc
Bought by
Bella Hair New York Inc
Seller's Agent
Tong Jiang
Prospes Real Estate Corp
Buyer's Agent
SuNu Xu
EXP Realty
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
63
Current Estimated Value
$1,158,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,211
Avg. Annual Appreciation
-4.57%

Purchase Details

Closed on
Oct 22, 2019
Sold by
Pettit Deborah and Pettit John
Bought by
F12 Development Llc
Source: Public Records

Range of Values:

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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
Bella Hair New York Inc $1,250,000 --
Bella Hair New York Inc $1,250,000 --
F12 Development Llc $1,200,000 --
F12 Development Llc $1,200,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold $1,250,000 -7.4% --
01/15/2024 01/15/24 Pending -- -- --
12/16/2023 12/16/23 For Sale $1,350,000 0.0% --
12/16/2023 12/16/23 Off Market $1,350,000 -- --
12/15/2023 12/15/23 For Sale $1,350,000 -- --
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 $9,413 $47,975 $15,028 $32,947
2024 $9,413 $46,866 $15,510 $31,356
2023 $8,894 $44,284 $16,195 $28,089
2022 $8,411 $63,600 $22,140 $41,460
2021 $8,415 $58,800 $22,140 $36,660
2020 $8,462 $58,560 $22,140 $36,420
2019 $8,170 $64,500 $22,140 $42,360
2018 $7,523 $36,903 $14,274 $22,629
2017 $7,158 $35,112 $14,909 $20,203
2016 $6,661 $35,112 $14,909 $20,203
2015 $3,995 $33,316 $19,051 $14,265
2014 $3,995 $32,546 $20,258 $12,288
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3521349

OneKey® MLS

APN: 02911-0012