NOT LISTED FOR SALE

Estimated Value: $1,310,000 - $1,661,000

6 Beds
3 Baths
1,920 Sq Ft
$745/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $1,190,000 $620 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,921/month

77 Days on Market

Highlights

  • 0.11 Acre Lot
  • Wood Flooring
  • 4 Car Attached Garage
  • Property is near public transit
  • Home Office
  • Park

About This Home

As of January 2024

Welcome to a rare gem nestled in the heart of Middle Village - a spacious 50x100 lot property that combines generous living space, versatile accommodation options, and outstanding investment potential. With 6 bedrooms, a sprawling basement, and a central location, this property offers a unique opportunity for both homeowners and investors. Key Features: 1. Expansive Lot Size: This property boasts a generous 50x100 lot, providing ample outdoor space for relaxation, gardening, or future development possibilities. 2. Versatile Accommodation: With 6 bedrooms, this residence offers abundant room for large families, multi-generational living, or the option to convert some of the rooms into home offices or recreational spaces to suit your needs. 3. Spacious Basement: The big basement is a versatile space that can be transformed into a myriad of possibilities - from a home gym or a workshop to a home theater or an additional living area. 4. Ideal Location: Situated in the heart of Middle Village, you'll enjoy the convenience of living in a thriving community with access to shops, restaurants, parks, and excellent schools. Commuting is a breeze with nearby public transportation options. 5. Investment Potential: This property presents a fantastic investment opportunity. Whether you plan to rent it out to generate passive income or explore development possibilities, Middle Village is a sought-after neighborhood with strong property value appreciation. 6. Outdoor Enjoyment: The expansive backyard provides a serene oasis for outdoor gatherings, gardening enthusiasts, or simply a quiet escape from the hustle and bustle of city life. 7. Modernization Potential: Customize and modernize the interior to your preferences and watch your investment flourish. Don't miss out on this extraordinary opportunity to own a spacious 50x100 lot property in the heart of Middle Village. Whether you're looking for a comfortable family home or a smart investment, this property offers the best of both worlds. Schedule a viewing today and seize this chance to make it your own. Middle Village living awaits!

Last Agent to Sell the Property

Joshua Zayas

RE/MAX City Square Brokerage Phone: 718-570-7690 License #10401348321 Listed on: 09/16/2023

RE/MAX City Square

Last Buyer's Agent

Non Member

NonMember

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,529

Year Built

  • Built in 1920 | Remodeled in 2018

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • No Common Walls

Parking

  • 4 Car Attached Garage
  • Public Parking
  • On-Street Parking

Interior Spaces

  • 3-Story Property
  • Combination Dining and Living Room
  • Home Office
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps/Is 87 Middle Village
  • Queens Metropolitan High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Private Water Source

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 35 / 3788
  • Assessor Parcel Number 03788-0035

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,529

Year Built

Built in 1920 | Remodeled in 2018

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1920
  • New Construction: No
  • Year Built Effective: 2018
  • Attribution Contact: 718-570-7690
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Interior Amenities: Home Office, Living Room/Dining Room Combo
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Full, Partially Finished
  • Inclusions: Ceiling Fan
  • Total Bedrooms: 6
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Other
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4
  • Garage: Yes
  • Parking Description: Attached, 4+ Car Attached, Garage, Public Parking, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, See Remarks
  • Sewer: Sewer
  • Water Source: Private
  • Hot Water: See Remarks

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Ps/Is 87 Middle Village

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 5000
  • Lot Size Units: Acres
  • Parcel Number: 03788-0035
  • Property Attached: No
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-09-18

Rental Info

  • Lease Considered: No
  • Tenant Pays: All Utilities

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf3Bedrooms: 2

Tax Info

  • Tax Annual Amount: 7529
  • Tax Block: 3788
  • Tax Lot: 35
  • Tax Map Number: 03788-0035

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2023
Closed on
Jan 5, 2024
Sold by
Foss Maria and Incoronata Occhiuto Foss Maria
Bought by
Gamez Carlos and Nunez Silvia M
Seller's Agent
Joshua Zayas
RE/MAX City Square
Buyer's Agent
Non Member
NonMember
List Price
$1,400,000
Sold Price
$1,190,000
Premium/Discount to List
-$210,000
-15%
Views
84
Current Estimated Value
$1,429,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,667
Avg. Annual Appreciation
9.32%

Purchase Details

Closed on
Jul 6, 2006
Sold by
Occhiuto Carol and Occhiuto Joseph
Bought by
Occhiuto Trustee Joseph John
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
Gamez Carlos $1,190,000 --
Gamez Carlos $1,190,000 --
Gamez Carlos $1,190,000 --
Occhiuto Trustee Joseph John -- --
Occhiuto Trustee Joseph John -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold $1,190,000 -0.4% $620 / Sq Ft
12/12/2023 12/12/23 Pending -- -- --
10/21/2023 10/21/23 Price Changed $1,195,000 +3.9% $622 / Sq Ft
10/21/2023 10/21/23 Price Changed $1,150,000 -17.9% $599 / Sq Ft
09/25/2023 09/25/23 For Sale $1,400,000 -- $729 / 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 $5,958 $30,954 $7,381 $23,573
2024 $5,958 $29,665 $7,186 $22,479
2023 $5,699 $28,373 $6,810 $21,563
2022 $2,045 $60,180 $17,340 $42,840
2021 $2,055 $64,380 $17,340 $47,040
2020 $2,071 $70,500 $17,340 $53,160
2019 $1,927 $70,560 $17,340 $53,220
2018 $1,751 $23,644 $8,096 $15,548
2017 $1,655 $22,572 $8,374 $14,198
2016 $1,528 $22,572 $8,374 $14,198
2015 $845 $21,496 $11,519 $9,977
2014 $845 $20,601 $11,343 $9,258
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3504787

OneKey® MLS

APN: 03788-0035