NOT LISTED FOR SALE

623 Faile St Bronx, NY 10474

Hunts Point Neighborhood

Estimated Value: $983,000 - $1,132,443

6 Beds
4 Baths
2,200 Sq Ft
$485/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $920,000 $418 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,786/month

63 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • Skylights
  • Deck
  • Wood Flooring
  • Window Unit Cooling System

About This Home

As of October 2021

Great Income Generator!!! 1st apt: 1br/1bath to be delivered vacant. 2nd apt: 3br/1 bath to be delivered vacant. Beautiful apartment. Large living room, renovated bathroom, dining area and kitchen with doors to lovely deck and large yard. 3rd apt: 2 br/1bath; good condition. 4th apt: studio apartment; good condition. New roof(4yrs old), new windows, security system, boiler is 5 years old, storage space. Home has been very well kept . Great House!!!Move right in with market value tenants if desire to do so!!!!

Last Agent to Sell the Property

Lourdes Cartagena

Locqube New York, Inc. License #10301201601 Listed on: 05/20/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,511

Year Built

  • Built in 1930

Lot Details

  • 2,500 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,200 Sq Ft Home
  • Skylights
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 02766-0025

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,511

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Year Built: 1930
  • Attribution Contact: 347-657-1114
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement: None
  • Total Bedrooms: 6
  • Living Area: 2200.00
  • Window Features: Skylight(s)
  • Square Footage: 2200.00

Exterior Features

  • Construction Materials: Brick
  • Patio and Porch Features: Deck

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Oil, Hot Water
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Call Listing Agent
  • Middle School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0600
  • Lot Size Area: 0.0600
  • Lot Size Sq Ft: 2500.00
  • Lot Size Units: Acres
  • Lot Features: Level, Near Public Transit
  • Parcel Number: 02766-0025
  • Property Attached: Yes

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Close Date: 2021-10-13
  • Tax Annual Amount: 7511.00
  • Tax Map Number: 02766-0025

Multi Family

  • Units Total: 4
  • 1 Bedrooms: 1
  • Two Bedrooms: 1
  • Three Bedrooms: 1
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

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

Closed on
Jun 7, 2022
Sold by
623 Faile Holdings Llc
Bought by
623-625 Faile Holdings Llc
Current Estimated Value
$1,066,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,044,000
Outstanding Balance
$997,818
Interest Rate
5.3%
Mortgage Type
Unknown
Estimated Equity
$73,531

Purchase Details

Listed on
May 20, 2021
Closed on
Oct 13, 2021
Sold by
Brand Yeshaya
Bought by
623 Faile Holdings Llc
Seller's Agent
Lourdes Cartagena
Locqube New York, Inc.
List Price
$994,000
Sold Price
$920,000
Premium/Discount to List
-$74,000
-7.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$879,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 1997
Sold by
Cortes Bernardino and Cortes Carmen
Bought by
Berrios Louis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,750
Interest Rate
7.86%

Purchase Details

Closed on
Dec 26, 1996
Sold by
Cortes Bernardino and Cortes Carmen
Bought by
Cortes Bernardino and Cortes Carmen
Source: Public Records

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Range of Values:

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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
623-625 Faile Holdings Llc -- --
623-625 Faile Holdings Llc -- --
623 Faile Holdings Llc $79,999 --
623 Faile Holdings Llc $920,000 --
623 Faile Holdings Llc $79,999 --
Berrios Louis A $51,500 Commonwealth Land Title Ins
Berrios Louis A -- Commonwealth Land Title Ins
Cortes Bernardino $64,500 First American Title Ins Co
Cortes Bernardino -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 623-625 Faile Holdings Llc $1,044,000
Previous Owner 623 Faile Holdings Llc $879,000
Previous Owner 623 Faile Holdings Llc $0
Previous Owner Berrios Louis A $155,000
Previous Owner Berrios Louis A $198,065
Previous Owner Berrios Louis $100,000
Previous Owner Berrios Louis A $50,000
Previous Owner Berrios Louis A $30,000
Previous Owner Berrios Louis A $20,000
Previous Owner Berrios Louis A $102,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $920,000 -7.4% $418 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $994,000 -- $452 / 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 $10,166 $84,016 $30,432 $53,584
2024 $10,166 $81,315 $32,202 $49,113
2023 $9,237 $75,296 $35,782 $39,514
2022 $8,536 $128,700 $73,350 $55,350
2021 $0 $113,400 $73,350 $40,050
2020 $7,770 $124,650 $73,350 $51,300
2019 $7,595 $124,200 $73,350 $50,850
2018 $7,071 $57,920 $32,003 $25,917
2017 $6,607 $53,669 $32,887 $20,782
2016 $6,105 $49,714 $33,624 $16,090
2015 $4,159 $49,714 $37,171 $12,543
2014 $4,159 $48,116 $43,093 $5,023
Source: Public Records

Agents Affiliated with this Home

  • Lourdes Cartagena

    Seller's Agent in 2021

    Lourdes Cartagena

    Locqube New York, Inc.

    (718) 614-5161

    1 in this area

    19 Total Sales

    Lourdes Cartagena
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6116524

OneKey® MLS

APN: 02766-0025

New York Bronx County Bronx 10474 Hunts Point

623 Faile St, Bronx, NY

This home is located at 623 Faile St, Bronx, NY 10474 since 20 May 2021 and is currently estimated at $1,066,111, approximately $484 per square foot. This property was built in 1930. 623 Faile St is a home located in Bronx County with nearby schools including P.S. 48 - Joseph R. Drake, Bronx Academy for Multi-Media, and Leaders In Our Neighborhood Charter School.

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