NOT LISTED FOR SALE

Estimated Value: $1,745,000 - $1,835,000

5 Beds
4 Baths
2,908 Sq Ft
$616/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $1,688,000 $580 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,121/month

26 Days on Market

Highlights

  • 0.14 Acre Lot
  • 2 Car Detached Garage
  • Heating System Uses Steam
  • P.S. 101 the Verrazano Rated A
  • Cooling Available
  • 4-minute walk to Brighton Playground

About This Home

As of May 2022

Welcome to the opportunity to own a legal three family residential property situated perfectly on a huge 60 x 97 lot in Gravesend with a separate detached two car garage. The home has three separate rental units. First floor: large common foyer area, Unit 1-two bedroom and one bath with full living room and large eat in kitchen. Second Floor: Unit 2- two bedroom and one full bath with a full living room and eat in kitchen Third Floor: Unit3- one bedroom, one full bath living room and eat in kitchen There is also a large finished basement which can be used as a common area with a washer and dryer and additional bathroom. The property has a long private driveway that leads to the two car garage with additional loft area. Come customize this property and make it your own as an investment or owner occupied with rental income of the two remaining units.

Last Agent to Sell the Property

James Grant

RE/MAX Elite License #10401348496 Listed on: 11/19/2021

RE/MAX Elite

Co-Listed By

John Sprague

RE/MAX Elite License #10401313550

Last Buyer's Agent

James Grant

RE/MAX Elite License #10401348496 Listed on: 11/19/2021

RE/MAX Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,100

Year Built

  • Built in 1910

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 24 x 32

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,908 Sq Ft Home
  • 3-Story Property

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • 220 Volts
  • Master Gas Meter

Community Details

  • 3 Units
  • Gross Income $42,000

Listing and Financial Details

  • Legal Lot and Block 0073 / 06417
  • Assessor Parcel Number 06417-0073

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,100

Year Built

Built in 1910

Lot Details

6,000 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: 3F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Lot Size: 24 x 32
  • Co List Office Mls Id: o11195
  • Directions: Bath Ave to 23rd Ave
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Approx
  • Year Built: 1910
  • General Property Info:Public Remarks3: Welcome to the opportunity to own a legal three family residential property situated perfectly on a huge 60 x 97 lot in Gravesend with a separate detached two car garage. The home has three separate rental units. First floor: large common foyer area, Unit 1-two bedroom and one bath with full living room and large eat in kitchen. Second Floor: Unit 2- two bedroom and one full bath with a full living room and eat in kitchen Third Floor: Unit3- one bedroom, one full bath living room and eat in kitchen There is also a large finished basement which can be used as a common area with a washer and dryer and additional bathroom. The property has a long private driveway that leads to the two car garage with additional loft area. Come customize this property and make it your own as an investment or owner occupied with rental income of the two remaining units.
  • ContractLocation Information:List PriceSqFt2: 653.03
  • General Property Info:Tax Abated: No
  • General Property Info:Condition: Good
  • Income Expenses Gross Income: 42000.0
  • Annual Expenses: 28200.0
  • Income Expenses Net Income: 13800.0
  • General Property Info: Number of AC Units: 4.0
  • General Property Info:Year Built Info: Approx
  • Special Features: None
  • Stories: 3
  • Year Built: 1910

Interior Features

  • General Property Info:Stories2: 3.0
  • General Property Info:Basement Type: Full
  • General Property Info Basement Desc: Finished

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Off Street, Detached
  • Parking:Off Street: Yes
  • Garage Location:Detached: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Steam, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 1.0
  • General Property Info:Air Conditioner: Units
  • Sewer:City3: Yes
  • Heat Source:Gas2: Yes
  • Heat System:Steam: Yes
  • Siding:Vinyl Siding: Yes
  • Gas Meters:Master2: Yes
  • Electric Meters:Master: Yes
  • General Property Info Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 6000.0
  • Lot Size Units: Square Feet
  • Parcel #: 06417-0073
  • Zoning: R5
  • ResoLotSizeUnits: SquareFeet
  • General Property Info:Lot Size SqFt: 6000.0
  • General Property Info:Lot Dim: 60 x 100

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 42000.0
  • Property Net Operating Income: 13800.0
  • Annual Operating Expense: 28200.0

Tax Info

  • Tax Annual Amount: 9100.0
  • Tax Block: 06417
  • Tax Lot: 0073
  • General Property Info:Taxes2: 9100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2023
Sold by
Chen Warren Yu Bin
Bought by
Chen Warren Yu Bin and Ye Yanchun
Current Estimated Value
$1,790,184

Purchase Details

Listed on
Nov 19, 2021
Closed on
May 6, 2022
Sold by
Abbondanza August R and Grosso Rose
Bought by
Chen Warren Yu Bin
Seller's Agent
James Grant
RE/MAX Elite
Buyer's Agent
James Grant
RE/MAX Elite
List Price
$1,899,000
Sold Price
$1,688,000
Premium/Discount to List
-$211,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.53%
Original Mortgage
$999,000
Outstanding Balance
$944,030
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$846,154

Purchase Details

Closed on
Jun 18, 2015
Sold by
Abbondanza August R and August R Abbondanza Trustee
Bought by
Abbondanza August R and Grosso Rose

Purchase Details

Closed on
Oct 26, 2012
Sold by
Abbondanza August R and Abbondanza Catherine
Bought by
Abbondanza August R and August R Abbondanza Trustee

Purchase Details

Closed on
Dec 10, 2004
Sold by
Abbondanza Catherine and Abbondanza Ralph
Bought by
Abbondanza Catherine and Abbondanza August R
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
Chen Warren Yu Bin -- --
Chen Warren Yu Bin -- --
Chen Warren Yu Bin -- --
Chen Warren Yu Bin $1,688,000 --
Chen Warren Yu Bin $1,688,000 --
Chen Warren Yu Bin $1,688,000 --
Abbondanza August R -- --
Abbondanza August R -- --
Abbondanza August R -- --
Abbondanza August R -- --
Abbondanza August R -- --
Abbondanza Catherine -- --
Abbondanza Catherine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Warren Yu Bin $999,000
Closed Chen Warren Yu Bin $999,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $1,688,000 -11.1% $580 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $1,899,000 -- $653 / Sq Ft
Source: Staten Island Multiple Listing Service

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 $9,672 $84,540 $29,760 $54,780
2024 $9,672 $99,480 $29,760 $69,720
2023 $9,255 $117,780 $29,760 $88,020
2022 $9,098 $94,620 $29,760 $64,860
2021 $8,997 $100,320 $29,760 $70,560
2020 $9,000 $83,400 $29,760 $53,640
2019 $8,394 $83,400 $29,760 $53,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Staten Island Multiple Listing Service

MLS Number: 1150781

Staten Island Multiple Listing Service

APN: 06417-0073

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