NOT LISTED FOR SALE
-- Bed
-- Bath
1,908 Sq Ft
3,049 Sq Ft Lot

Last Sold April 29, 2021

Last sale price $750,000 $393 Per Sq Ft

172 Days on Market

About This Home

As of April 2021

12,000 SF Buildable - Max Residential FAR 4.0

? Excellent lot in the Opportunity Zone



? Ideal for high-rent free-market new 14 unit residential building



? Property abuts a greenspace park behind it



Excellent & clean 3,000 SF Lot ready for quality new construction development. Quiet tree-lined residential street and just three blocks from the #4 train Burnside Ave station.



Projected Income: 14 quality new construction two bedroom units at $2,100 each $29,400 monthly/$352,800 gross annual. 8.675 CAP Potential



Block & Lot: 2868 & 161



Low Annual Taxes: $2,183.96



Lot size: 30? x 99.42?



FAR: 4.0



Zoning: R7-1Excellent & clean 3,000 SF Lot ready for quality new construction development. Buildable SF with community facility +14,000 SF(with deduction); Buildable SF without community facility+12,000 SF



Quiet tree-lined residential street and just three blocks from the # 4 train Burnside Ave station.



Low Annual Taxes: $2,183.96



Have Land & Architectural Survey as well as Architectural plans for the building

Last Listed By

Roland Levin

Douglas Elliman Real Estate License #40LE1005144 Listed on: 08/28/2020

Douglas Elliman Real Estate

Townhouse Details

Home Type

  • Townhome

Year Built

  • 1920

Lot Details

  • 3,049

Community Details

  • Universityheights Subdivision

Listing and Financial Details

  • Legal Lot and Block 161 / 2868

Townhouse Details

Home Type

Townhome

Year Built

1920

Lot Details

0

Listing Details

  • Cross Street: Kingsland Place
  • Delivered Vacant: No
  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: UNIVERSITYHEIGHTS
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0
  • Year Built: 1920

Garage/Parking

  • Garage: No

Tax Info

  • Tax Block: 2868
  • Tax Lot: 161
  • Building Tax Lot: 161

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 Sold $750,000 -5.7% $393 / Sq Ft
08/28/2020 08/28/20 For Sale $795,000 -- $417 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10662513

Real Estate Board of New York (REBNY)

APN: 02868-0161