NOT LISTED FOR SALE

88 Ocean Ave Lynbrook, NY 11563

Estimated Value: $712,853 - $814,000

4 Beds
2 Baths
1,704 Sq Ft
$448/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $625,000 $367 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,237/month

8 Days on Market

Highlights

  • Property is near public transit
  • Main Floor Primary Bedroom
  • Hot Water Heating System
  • Davison Avenue Intermediate School Rated A-
  • Park
  • Private Entrance

About This Home

As of March 2022

Priced To Sell Excellent investment/money maker! This legal 2 family home is perfect for investors and or end users. 1st fl is recently renovated, vacant with a projected rent of $2,800($3000+ if bsmt finished). 2nd fl is occupied month to month for $1,350. Projected 2nd fl market rent is $2,500. Huge super clean painted basement w/ high ceilings just begging to be finished. 1st fl apt comes with bsmt & washer/dryer. Separate utilities, 2 sep gas boilers/meters, hot water heaters, and electric panels/meters. Everything in great shape...Low maintenance! Nice fenced in yard, close to all, Great Location. Won't last!

Last Agent to Sell the Property

Eric Stutz

Long Term Realty Corp License #31ST1012317 Listed on: 01/27/2022

Last Buyer's Agent

Eric Stutz

Long Term Realty Corp License #31ST1012317 Listed on: 01/27/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,359

Year Built

  • Built in 1956

Lot Details

  • 3,640 Sq Ft Lot
  • Lot Dimensions are 40x96
  • No Common Walls
  • Private Entrance
  • Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Oven

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • No Garage
  • Private Parking

Location

  • Property is near public transit

Schools

  • Howard T Herber Middle School
  • Malverne Senior High School

Utilities

  • No Cooling
  • 2 Heating Zones
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Municipal Trash

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

$14,359

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Duplex
  • Property SubType: Multi Family
  • Property Condition: Excellent
  • Levels: Two
  • Year Built: 1956
  • New Construction: No
  • Attribution Contact: 516-378-9395
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Oven, Refrigerator, Washer
  • Interior Amenities: Master Downstairs
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement: Full, See Remarks, Unfinished
  • Inclusions: Dryer, Refrigerator, Second Stove, Washer
  • Total Bedrooms: 4
  • Kitchens: 2

Exterior Features

  • Construction Materials: Frame, Brick, Vinyl Siding
  • Flood Zone Date: 2022-01-30
  • Flood Zone Report: Yes
  • Fencing: Fenced
  • Exterior Features: Private Entrance

Garage/Parking

  • Total Parking Spaces: 6.00
  • Attached Garage: No
  • Garage: No
  • Parking Description: Private, No Garage

Utilities

  • Cooling: None
  • Cooling: No
  • Garbage Removal: Public
  • Heating: Natural Gas, Hot Water
  • Hot Water: Gas Stand Alone
  • Heating Zones: 2
  • Separate Hotwater Heater Detail: 2
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Howard T Herber Middle School
  • High School: Malverne Senior High School
  • Middle School: Howard T Herber Middle School

Lot Info

  • Lot Size Acres: 0.0800
  • Lot Size Area: 0.0800
  • Lot Dimensions: 40x96
  • Lot Size Sq Ft: 3640.00
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Property Attached: No

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-03-14
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 14358.57
  • Tax Other Annual Assessment Amount: 6274.46

Multi Family

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

MLS Schools

  • High School: Malverne Senior High School
  • Middle School District: Malverne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2022
Closed on
Mar 14, 2022
Sold by
Toscano Vincent A and Toscano Diane
Bought by
Chen Calvin
Seller's Agent
Eric Stutz
Long Term Realty Corp
Buyer's Agent
Eric Stutz
Long Term Realty Corp
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$763,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,427
Avg. Annual Appreciation
5.95%

Purchase Details

Closed on
Sep 30, 2011
Sold by
Singh Jatinder and Kaur Navjot Freet
Bought by
Toscano Vincent A and Toscano Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2005
Sold by
Henry Raymond
Bought by
Singh Jatinder
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Calvin $625,000 New York Abstract Svcs Inc
Toscano Vincent A $255,000 --
Singh Jatinder $482,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toscano Vincent A $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $625,000 0.0% $367 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $625,000 -- $367 / 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 $938 $417 $144 $273
2024 $938 $434 $150 $284
2023 $8,592 $434 $150 $284
2022 $8,592 $434 $150 $284
2021 $12,108 $419 $145 $274
2020 $7,393 $496 $407 $89
2019 $800 $510 $418 $92
2018 $6,306 $510 $0 $0
2017 $5,699 $510 $418 $92
2016 $6,436 $510 $418 $92
2015 $757 $510 $292 $218
2014 $757 $510 $292 $218
2013 $695 $510 $292 $218
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3372441

OneKey® MLS

APN: 2025-38-056-00-0144-0