NOT LISTED FOR SALE

Estimated Value: $1,007,000 - $1,151,000

6 Beds
3 Baths
3,675 Sq Ft
$300/Sq Ft Est. Value

Last Sold September 20, 2024

Last sale price $1,080,000 $294 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,305/month

196 Days on Market

Highlights

  • 0.17 Acre Lot
  • 1-minute walk to 225 Street
  • Window Unit Cooling System
  • Victorian Architecture
  • 1 Fireplace
  • Hot Water Heating System

About This Home

As of September 2024

Unveil the canvas of your dreams with this remarkable investment opportunity-a multi-family home in need of a full renovation that holds the potential to transform into a masterpiece of modern living. Calling out to investors and builders, this is your chance to shape an 8,370 sqft building, perfectly poised on a lot spanning 66.5' X 114.42'. Imagine the possibilities that await as you embrace the allure of this property. The current R6 zoning, coupled with the C1-4 overlay, opens the door to a world of creativity and innovation, allowing you to craft a truly unique space that blends residential and commercial potential seamlessly. Situated merely a block away from the 2 and 5 train station, convenience is at your doorstep, promising effortless commutes and boundless exploration. The surrounding neighborhood offers a vibrant tapestry of amenities, with shopping destinations just a stone's throw away, catering to every desire. And just a few short blocks down lies the serene expanse of Shoelace Park-an oasis of greenery where you can escape the city's hustle and bask in the tranquility of nature. Unlock the potential of this blank canvas, where your vision and imagination can shape a future that resonates with your aspirations. Transform this multi-family home into a captivating haven that stands as a testament to your creativity and vision. Seize this unparalleled opportunity to breathe new life into a space with endless possibilities. Don't miss out-this is your chance to turn a renovation project into a legacy of extraordinary living.

Last Agent to Sell the Property

Andrew Markowitz

Andrew J Markowitz R E LLC Brokerage Phone: 646-688-5009 License #10491201398 Listed on: 08/09/2023

Last Buyer's Agent

Andrew Markowitz

Andrew J Markowitz R E LLC Brokerage Phone: 646-688-5009 License #10491201398 Listed on: 08/09/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,310

Year Built

  • Built in 1930

Lot Details

  • 7,609 Sq Ft Lot
  • Lot Dimensions are 66.5x114.42
  • No Common Walls

Home Design

  • Victorian Architecture
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • Private Parking
  • Driveway
  • Parking Lot

Schools

  • North Bronx School Of Empowerment Middle School
  • High School Of Contemporary Arts

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Legal Lot and Block 85 / 4827
  • Assessor Parcel Number 04827-0085

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,310

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Victorian
  • Property SubType: Multi Family
  • Levels: Two
  • Year Built: 1930
  • New Construction: No
  • Attribution Contact: 646-688-5009
  • Village: Bronx
  • BuildingSize: 24.5 x 50
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Fireplaces: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 6
  • Fireplace: Yes
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Frame
  • FloodZoneReportYN: 0

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: North Bronx School Of Empowerment

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 66.5x114.42
  • Lot Size Sq Ft: 7609
  • Lot Size Units: Acres
  • Parcel Number: 04827-0085
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 6310
  • Tax Block: 4827
  • Tax Lot: 85
  • Tax Map Number: 04827-0085
  • IncludedInTaxes: Trash

MLS Schools

  • High School: High School Of Contemporary Arts
  • Middle School District: Bronx 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2023
Closed on
Sep 18, 2024
Sold by
Grant Earl
Bought by
Masjeed Al-Huda Inc
Seller's Agent
Andrew Markowitz
Andrew J Markowitz R E LLC
Buyer's Agent
Andrew Markowitz
Andrew J Markowitz R E LLC
List Price
$1,150,000
Sold Price
$1,080,000
Premium/Discount to List
-$70,000
-6.09%
Views
53
Current Estimated Value
$1,101,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,553
Avg. Annual Appreciation
1.65%
Original Mortgage
$500,000
Outstanding Balance
$494,086
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$607,467

Purchase Details

Closed on
Jan 31, 2002
Sold by
Bailey Thelma M and Bailey Thelma
Bought by
Grant Earl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
7.01%
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
Masjeed Al-Huda Inc $1,080,000 --
Grant Earl -- --
Grant Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masjeed Al-Huda Inc $500,000
Previous Owner Grant Earl $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold $1,080,000 -6.1% $294 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
08/09/2023 08/09/23 For Sale $1,150,000 -- $313 / 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 $6,397 $33,760 $8,247 $25,513
2024 $6,397 $31,849 $8,785 $23,064
2023 $6,468 $31,849 $8,573 $23,276
2022 $6,310 $47,940 $14,100 $33,840
2021 $6,275 $46,140 $14,100 $32,040
2020 $5,955 $39,900 $14,100 $25,800
2019 $5,552 $41,160 $14,100 $27,060
2018 $5,410 $26,541 $8,797 $17,744
2017 $5,369 $26,339 $10,936 $15,403
2016 $4,968 $24,849 $10,173 $14,676
2015 $2,997 $23,444 $8,324 $15,120
2014 $2,997 $22,118 $8,994 $13,124
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3496835

OneKey® MLS

APN: 04827-0085