NOT LISTED FOR SALE

86-03 85th St Jamaica, NY 11421

Woodhaven Neighborhood

Estimated Value: $849,910 - $1,143,000

4 Beds
3 Baths
-- Sq Ft
2,222 Sq Ft Lot

Last Sold March 27, 2019

Last sale price $725,000

Est. 43% increase in value since last sale

Current estimated payment $6,263/month

89 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to 85 Street-Forest Parkway
  • 4-minute walk to Forest Park
  • Garage

About This Home

As of March 2019

OFFER ACCEPTED. NO MORE SHOWINGS. This investment is a no-brainer! 86-03 85th Street in Woodhaven, Queens, is a two-family, gracious home with private parking and a backyard. You can live in one of the apartments while enjoying rental income that offsets your monthly expenses. Each apartment is currently set up as a 2 bedroom/1 bathroom plus a formal dining room, large living room, and sun room (and numerous closets -- see floor plan). Less than one block from the 85th Street stop on the J train, you'll come home to beautiful hardwood floors, original details and lots of light. If you're buying solely as an investment, the current cap rate is 4.5% with below-market rents. With slight increase in monthly rental income, cap rate easily reaches 5%. Property will be delivered vacant. 24-hour notice is required for all showings. This is a semi-detached home with quiet backyard. Mechanicals and roof are in good shape. Washer and dryer in basement. 86-03 85th Street is an excellent opportunity for investors and end-users alike.

Last Agent to Sell the Property

Alison McQueen

Corcoran Group License #10301215889 Listed on: 11/27/2018

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,543

Year Built

  • Built in 1920

Lot Details

  • 2,222

Parking

  • Garage

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 100.0 x 22.0

Community Details

  • 2 Units
  • Woodhaven Subdivision

Listing and Financial Details

  • Tax Block 8859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,543

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: 86th Avenue & Jamaica Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Woodhaven
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Rooms (Total): 14

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 4

Garage/Parking

  • Garage: Yes

Lot Info

  • Lot Size Dimensions: 100.0 x 22.0

Building Info

  • Units: 2
  • Total Stories: 2
  • Year Built: 1920

Tax Info

  • Tax Block: 8859

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2018
Closed on
Mar 27, 2019
Sold by
Fenster Liza and Fenster Michael
Bought by
Lin Amos Zhengan
Seller's Agent
Alison McQueen
Corcoran Group
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$1,035,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,978
Avg. Annual Appreciation
5.71%
Original Mortgage
$468,000
Outstanding Balance
$412,294
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$623,684

Purchase Details

Closed on
Apr 28, 2017
Sold by
Bert Bave And Betty Llc
Bought by
Fenster Liza and Fenster Michael

Purchase Details

Closed on
Mar 6, 2015
Sold by
Estate Of Betty Aasfenster and Estate Of Betty Fenster
Bought by
Bert Bave And Betty Llc

Purchase Details

Closed on
Sep 28, 2006
Sold by
Fenster Patrick Elizabeth and Fenster Patrick Paul
Bought by
Aas-Fenster and Betty
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lin Amos Zhengan $780,000 --
Lin Amos Zhengan $780,000 --
Fenster Liza -- --
Fenster Liza -- --
Bert Bave And Betty Llc -- --
Bert Bave And Betty Llc -- --
Aas-Fenster -- --
Aas-Fenster -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Amos Zhengan $468,000
Closed Lin Amos Zhengan $468,000
Previous Owner Aas-Fenster Betty $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2019 03/27/19 Sold $725,000 0.0% --
02/25/2019 02/25/19 Pending -- -- --
11/27/2018 11/27/18 For Sale $725,000 -- --
Source: Real Estate Board of New York (REBNY)

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 $7,543 $39,808 $8,891 $30,917
2024 $7,543 $37,555 $10,027 $27,528
2023 $7,117 $35,432 $8,346 $27,086
2022 $6,874 $58,860 $13,200 $45,660
2021 $7,247 $54,060 $13,200 $40,860
2020 $7,022 $48,660 $13,200 $35,460
2019 $6,547 $45,120 $13,200 $31,920
2018 $6,019 $29,527 $7,390 $22,137
2017 $5,850 $28,696 $9,493 $19,203
2016 $5,427 $28,696 $9,493 $19,203
2015 $3,045 $27,644 $12,131 $15,513
2014 $3,045 $26,080 $12,626 $13,454
Source: Public Records

Agents Affiliated with this Home

  • Alison McQueen

    Seller's Agent in 2019

    Alison McQueen

    Corcoran Group

    (516) 581-3117

    39 Total Sales

    Alison McQueen
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10514325

Real Estate Board of New York (REBNY)

APN: 08859-0004

New York Queens County Jamaica 11421 Woodhaven

86-03 85th St, Jamaica, NY

This home is located at 86-03 85th St, Jamaica, NY 11421 since 27 November 2018 and is currently estimated at $1,035,978. This property was built in 1920. 86-03 85th St is a home located in Queens County with nearby schools including P.S. 97Q The Forest Park School, Jhs 210 Elizabeth Blackwell, and St. Thomas the Apostle Catholic Academy.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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