Estimated Value: $1,277,000 - $1,621,000
Highlights
- Pre War Building
- Intercom
- 2-minute walk to Rockaway Avenue (A,C Line)
About This Home
As of July 2021Welcome to the perfect hybrid property. 1277 Herkimer St is the property in today's market that is so hard to come by. A legal 3 family original brick townhouse ready to either be owner occupied with practically no mortgage or as income generating investment property.
Configured as (3) 3BR 1 Bath floor through apartments, each equipped with a washer/dryer hookup. The garden unit is a duplex with a finished basement plus private garden access, perfect for an end-user looking for that outdoor space and interior square footage.
An investor looking to park some cash? This property is a prime opportunity to capitalize on a 6.5%+ Cap rate at current market rents. Tons of potential upside and in a growing neighborhood.
Location is another important element of this property. Sitting on a gorgeous tree lined block full of original bricks and brownstones. Also this property is a 1 min walk, literally right around the corner from the A/C at Rockaway and a few more mins to Broadway Junction. Also the crown jewel of the area, Daily Press Coffee, is right around the corner as well as Mama Yoshi a few short blocks away.
All utilities are separated. property will be delivered vacant.
Call now for a showing! Contact for a setup!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,216
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 20.0 x 80.0
Home Design
- Pre War Building
Interior Spaces
- 2,700 Sq Ft Home
- 3-Story Property
- Intercom
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Community Details
- Ocean Hill Subdivision
Listing and Financial Details
- Legal Lot and Block 63 / 1551
Ownership History
Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1277 Herkimer E & B Llc | -- | -- | |
| 1277 Herkimer E & B Llc | -- | -- | |
| Krochmal Gabriel | $1,400,000 | -- | |
| Krochmal Gabriel | $1,400,000 | -- | |
| Bostick Charlie | -- | -- | |
| 1277 Herkimer Llc | $350,000 | -- | |
| Bostick Charlie | -- | -- | |
| Charlie Bostick Trustee | -- | -- | |
| Charlie Bostick Trustee | -- | -- |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Krochmal Gabriel | $1,050,000 | |
| Previous Owner | Krochmal Gabriel | $140,000 | |
| Previous Owner | 1277 Herkimer Llc | $364,000 | |
| Previous Owner | 1277 Herkimer Llc | $262,250 | |
| Previous Owner | 1277 Herkimer Llc | $300,000 | |
| Previous Owner | Bostick Charlie | $0 | |
| Previous Owner | Bostick Charlie | $750,000 | |
| Previous Owner | Bostick Charlie | $544,185 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2021 07/21/21 | Sold | $1,400,000 | 0.0% | $519 / Sq Ft |
| 11/23/2020 11/23/20 | For Sale | $1,400,000 | -- | $519 / Sq Ft |
Tax History Compared to Growth
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 | $3,216 | $49,260 | $16,080 | $33,180 |
| 2024 | $3,216 | $57,960 | $16,080 | $41,880 |
| 2023 | $3,070 | $71,100 | $16,080 | $55,020 |
| 2022 | $1,997 | $69,060 | $16,080 | $52,980 |
| 2021 | $2,842 | $64,740 | $16,080 | $48,660 |
| 2020 | $2,840 | $56,400 | $16,080 | $40,320 |
| 2019 | $2,791 | $44,820 | $16,080 | $28,740 |
| 2018 | $2,568 | $12,597 | $5,636 | $6,961 |
| 2017 | $2,428 | $11,911 | $6,865 | $5,046 |
| 2016 | $2,250 | $11,253 | $5,822 | $5,431 |
| 2015 | $1,136 | $11,244 | $8,726 | $2,518 |
| 2014 | $1,136 | $11,120 | $7,331 | $3,789 |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10684536
APN: 01551-0063
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