87-16 55th Avenue

87-16 55th Avenue

87-16 55th Ave
Nassau Heights

$1,400,000
Last Sold Price
6
Beds
3
Baths
2,440 Sq. Ft.
$574 / Sq. Ft.
2,440
Sq. Ft.
$574
per Sq. Ft.

Sold 3/21/24

Sold 3/21/24

a bedroom with a bed and window
a kitchen with granite countertop a stove a sink and a refrigerator
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a view of a dining room with furniture
a living room with furniture and wooden floor
a view of a hallway with wooden floor and staircase
a bedroom with a bed and wooden floor
a bed room with a bed and a couch
a bedroom with furniture and a window
a bedroom with a bed and chair
a view of a livingroom with furniture
a work room with furniture and a window

Description

Welcome to Elmhurst, New York, nestled in the ever-popular Queens borough. This fully detached two-family home is a dream for investors and renters alike. Whether you're searching for your next home or expanding your investment portfolio, rest assured that this property's value will continue to grow for years to come. First Floor: This spacious first-floor unit spans over 1,000 sq. ft. and offers three bedrooms and one bath. It features gleaming hardwood floors, full-size appliances, and abundant...Welcome to Elmhurst, New York, nestled in the ever-popular Queens borough. This fully detached two-family home is a dream for investors and renters alike. Whether you're searching for your next home or expanding your investment portfolio, rest assured that this property's value will continue to grow for years to come. First Floor: This spacious first-floor unit spans over 1,000 sq. ft. and offers three bedrooms and one bath. It features gleaming hardwood floors, full-size appliances, and abundant natural light. You'll appreciate the ample storage space provided by numerous closets. Additionally, the first floor grants access to a charming backyard porch, perfect for enjoying fresh air on sunny days. Second Floor: The top-floor unit spans over 1,000 sq.ft. and boasts three bedrooms and one bath, making the most of natural sunlight. Elevated just above the tree line, it offers a sense of tranquility above the bustling city. The open living and dining layout is complemented by a private sundeck at the rear of the home, providing views of Queen Center Mall. All bedrooms are generously sized, and even the coziest one comes with a spacious closet. The full bath is elegantly finished with dark tiles, offering a touch of luxury for unwinding after a long day. Basement: The basement space nearly mirrors the property's footprint and offers potential as a two-bedroom living space or a future income generator. With a ceiling clearance of 6 1/2 feet, you won't need to stoop. The finished basement features a full bath, and a kitchenette, making it ideal for those who love to entertain or seek to maximize their real estate profits. Note: This multi-family home zoned as; R5,R6 & C1-3 is a wise investment choice. Moreover, the finished basement, along with the potential for future rental increases, presents an enticing opportunity for the owner to push the cap rate beyond 5%, a rarity in today's market. Floor plans coming soon.

Amenities

  • Porch
  • Hardwood Floors
  • Walk Up
  • Kitchenette
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • House

Location

Add your commute
LISTING UPDATED: 03/21/2024 12:00 AM

Property Details for 87-16 55th Avenue

StatusSold
MLS ID92787TH
Days on Market67
Taxes$11,000 / year
Maintenance-
Min. Down Pymt-
Total Rooms8.0
Compass TypeTownhouse
MLS TypeResidential
Year Built1940
Lot Size2,375 SF / 25' x 95'
CountyQueens County

Building

87-16 55th Ave

2 Units2 StoriesBuilt in 1940

Location

Add your commute

Building Information for 87-16 55th Avenue

Stories2Residences2Year Built1940Building Size20' x 61'Building Sq. Ft2,440 SFLot Size2,375 SF / 25' x 95'Building Age-Building Type-

Payment Calculator

$8,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$917

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 87-16 55th Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 87-16 55th Avenue

Taxable ValueLand$21,120Additions$59,220Total$80,340
Home Facts
Total Finished SqFt2,440 SqFtLot Size2,375 SqFtYear Built1940ZoningR5APN4028530004

Schools near 87-16 55th Avenue

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
P.S. 102 Bayview
Public - PK to 8
Is 73 The Frank Sansivieri Intermediate School
Public - 6 to 8
Newtown High School
Public - 9 to 12
International High For Health Sciences
Public - 9 to 12
Rating
School
Distance
P.S. 102 Bayview
PublicPK to 8

Is 73 The Frank Sansivieri Intermediate School
Public6 to 8

Newtown High School
Public9 to 12

International High For Health Sciences
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty BKNY

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.