NOT LISTED FOR SALE
9 Beds
-- Bath
3,377 Sq Ft
5,663 Sq Ft Lot

Last Sold September 05, 2014

Last sale price $1,647,000 $488 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Washer and Dryer
  • Nelson S. Dilworth Elementary School Rated A-
  • Balcony

About This Home

As of September 2014

Rare opportunity,4 plex income property in Lynbrook High, new paint, new window, one unit 3 bedrooms 2 bath with laundry inside & large front yard for entertaining is perfect for owner occupy, the other 3 units are 2 bedrooms 1 bath, long term tenants, rent below market price. Please don't miss the opportunity.Buyer to cooperate seller 1031 exchange.

Last Agent to Sell the Property

Rachel Pong

Coldwell Banker Realty License #01387310 Listed on: 07/15/2014

Coldwell Banker Realty

Last Buyer's Agent

Lakshmi Sathyanarayana

Maxreal License #01472095

Maxreal

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 5,663

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 3,377 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • Carport
  • Off-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $82,440
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, hot water, water

Community Details

Overview

  • 3,377 Sq Ft Building

Building Details

  • Insurance Expense $2,579
  • Other Expense $356
  • Utility Expense $2,079
  • Trash Expense $904
  • Operating Expense $25,599
  • Gross Income $83,040

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: C1
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 487.71
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3377
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3377
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units, Washer/Dryer - Owned Coin-Op
  • Flooring: Tile, Laminate, Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Roof: Shingle
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • High School: 259

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6027.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6027.00
  • Lot Size Area Min Search: 6027.00
  • Maximum Lot Size: 6027.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 19.26

Multi Family

  • Expense Insurance: 2579
  • Expenses Other: 356
  • Expenses Total: 25599
  • Expenses Utility: 2079
  • Expense Trash: 904
  • Expense Water Sewer: 2202
  • Income Annual Gross: 83040.00
  • Income Annual Rental: 82440
  • Income Gross Scheduled: 83040
  • Income Includes: Laundry, Lease
  • Income Laundry: 600
  • Maximum Building Height: 2
  • Meters: Separate Electric, Master Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Insurance, Fee - Property Tax, Miscellaneous/Other
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Heating, Cable Tv, Utilities - Electric

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2014 09/05/14 Sold $1,647,000 +3.0% $488 / Sq Ft
07/30/2014 07/30/14 Pending -- -- --
07/15/2014 07/15/14 For Sale $1,599,000 -- $473 / Sq Ft
Source: MLSListings

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 $24,772 $1,979,436 $1,378,516 $600,920
2024 $24,772 $1,940,625 $1,351,487 $589,138
2023 $24,487 $1,902,575 $1,324,988 $577,587
2022 $24,301 $1,865,270 $1,299,008 $566,262
2021 $23,988 $1,828,697 $1,273,538 $555,159
2020 $23,676 $1,809,947 $1,260,480 $549,467
2019 $23,223 $1,774,459 $1,235,765 $538,694
2018 $22,585 $1,739,667 $1,211,535 $528,132
2017 $22,491 $1,705,557 $1,187,780 $517,777
2016 $21,812 $1,672,116 $1,164,491 $507,625
2015 $21,659 $1,647,000 $1,147,000 $500,000
2014 $13,872 $1,018,000 $715,400 $302,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81425439

MLSListings

APN: 372-24-015