NOT LISTED FOR SALE

Estimated Value: $687,000 - $790,171

4 Beds
2 Baths
2,000 Sq Ft
$375/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $635,000 $318 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,362/month

121 Days on Market

Highlights

  • Property is near public transit
  • 2-minute walk to Prospect Avenue (2,5 Line)
  • Park
  • Main Floor Primary Bedroom
  • Window Unit Cooling System
  • Forced Air Heating System

About This Home

As of March 2024

"High-Yield Investment Gem! Welcome to 884 E 161st Street, Bronx NY 10459 an exceptional multi-family property primed for savvy investors seeking both rental income and value appreciation. This well-maintained duplex boasts an unbeatable location, steps away from shops, transit, and schools. Operating expenses and operating income data provided upon request. Rental Potential: Benefit from steady rental income with a variety of shops, boutiques, and supermarkets right at your doorstep. Effortless Commuting: Enjoy quick and convenient transit options that reduce commuting time, allowing you to focus on what truly matters. Lifestyle Balance: Find solace in nearby parks that offer relaxation and outdoor activities while maintaining easy access to the urban heartbeat. Investor's Dream: A new roof installed just 5 years ago guarantees long-term durability. Recent hot water heater installations not only add value but also minimize maintenance costs, maximizing your returns. Act Now: Don't miss out on this exceptional investment opportunity. Schedule a viewing today to secure your stake in Bronx real estate success at 884 E 161st Street. Your lucrative investment journey begins here!"

Last Agent to Sell the Property

Ramanjit Dhanoa

eXp Realty Brokerage Phone: (914) 920-2289 License #10301216407 Listed on: 09/08/2023

eXp Realty

Co-Listed By

Mitchell Halpern

eXp Realty Brokerage Phone: (914) 920-2289 License #10401313114

eXp Realty

Last Buyer's Agent

Mitchell Halpern

eXp Realty Brokerage Phone: (914) 920-2289 License #10401313114

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,847

Year Built

  • Built in 1994

Lot Details

  • 1,991 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,000 Sq Ft Home
  • ENERGY STAR Qualified Windows
  • Wall to Wall Carpet
  • Finished Basement
  • Walk-Out Basement

Bedrooms and Bathrooms

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

Parking

  • 2 Parking Spaces
  • Driveway

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 02689-0022

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

$4,847

Year Built

Built in 1994

Lot Details

1,991 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Architectural Style: See Remarks
  • Property SubType: Multi Family
  • Year Built: 1994
  • Attribution Contact: (914) 920-2289
  • Co List Office Mls Id: ONEEXPRLT
  • Co List Office Phone: 888-276-0630
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Master Downstairs, First Floor Bedroom
  • Living Area Units: Square Feet
  • Flooring: Wall To Wall Carpet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: Finished, Walk-Out Access
  • Total Bedrooms: 4
  • Living Area: 2000
  • Window Features: ENERGY STAR Qualified Windows
  • SquareFootage: 2000.00
  • SquareFootageSource: Municipality

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 1991
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02689-0022
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Multi Family

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

Tax Info

  • Tax Annual Amount: 4847
  • Tax Map Number: 02689-0022

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: City of New York

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2024
Sold by
Js Realty Investor Llc
Bought by
Tsm Group Management Llc
Current Estimated Value
$750,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,950
Outstanding Balance
$117,503
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$633,040

Purchase Details

Listed on
Sep 8, 2023
Closed on
Mar 22, 2024
Sold by
Tdta Enterprises Llc
Bought by
Js Realty Investor Llc
Seller's Agent
Ramanjit Dhanoa
eXp Realty
Buyer's Agent
Mitchell Halpern
eXp Realty
List Price
$685,000
Sold Price
$635,000
Premium/Discount to List
-$50,000
-7.3%
Views
72

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%
Original Mortgage
$571,050
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2021
Sold by
Melendez Raymond
Bought by
Tdta Enterprises Llc

Purchase Details

Closed on
Sep 1, 2020
Sold by
Estate Of Juan R Melendez and Raymond Melendez Administrator
Bought by
Melendez Raymond

Purchase Details

Closed on
Jun 20, 2005
Sold by
Mirabel Robert
Bought by
Melendez Juan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Tsm Group Management Llc -- --
Js Realty Investor Llc $635,000 --
Js Realty Investor Llc $635,000 --
Tdta Enterprises Llc -- --
Tdta Enterprises Llc -- --
Melendez Raymond -- --
Melendez Raymond -- --
Melendez Juan R $400,000 --
Melendez Juan R $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsm Group Management Llc $118,950
Previous Owner Js Realty Investor Llc $571,050
Previous Owner Melendez Juan R $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2024 03/22/24 Sold $635,000 -7.3% $318 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
09/08/2023 09/08/23 For Sale $685,000 -- $343 / Sq Ft
Source: OneKey® MLS

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 $5,479 $28,914 $4,311 $24,603
2024 $5,479 $27,277 $4,263 $23,014
2023 $5,226 $25,734 $3,913 $21,821
2022 $4,847 $40,800 $7,380 $33,420
2021 $5,109 $34,320 $7,380 $26,940
2020 $5,100 $37,920 $7,380 $30,540
2019 $4,755 $30,540 $7,380 $23,160
2018 $4,372 $21,445 $4,930 $16,515
2017 $4,124 $20,232 $6,129 $14,103
2016 $4,045 $20,232 $5,787 $14,445
2015 $2,302 $20,079 $7,090 $12,989
2014 $2,302 $18,943 $8,035 $10,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY6265655

OneKey® MLS

APN: 02689-0022

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