60-08 83rd St., Middle Village, NY 11378

60-08 83rd St….SOLD on 1/25/22 for $1.52M! (Listed on 9/7/21 at $1.48M)SOLD this week in Middle Village, Queens for a RECORD PRICE. Out of respect for everyone involved, I won't be sharing the exact details of this most challenging transaction. But between the estranged siblings who I had to first get on the same page, both tenants refusing to move out because their combined rents were about $3K/month below market value, and the final walkthrough being a total disaster, I had my work cut out for me a hundred times over on this one. Countless times this listing and transaction could've crashed and burned, including at the closing table where I had to extinguish a major fire. But I would never let that happen. Selling a 2-family house for top-dollar with one tenant in place is challenging enough, but with both units occupied, and at ridiculously low rents too, it's almost impossible to get even a reasonable price. Despite all this, our radically different and comprehensive marketing campaign produced 10 qualified offers. Outside of a few low-balling sharks who smelled blood in the water on this one, the remaining offers came in right around the reasonable asking price. All of them however required either full or partial vacancy at closing. Unable to provide the next owner with ANY possession at closing, I had to get creative and convince the pool of buyers that a deal could always be negotiated, and mutually agreeable terms could be reached regardless. It wasn't easy by a long shot, but we ultimately made the deal with a buyer (who also waived his right to a professional home inspection) for $40K above the asking price, albeit with enough money left in escrow by the sellers to cover the cost of the new owner evicting both tenants if need be. Maintaining leverage, and bargaining from a position of true strength, can only be achieved with multiple offers. That's one major reason why a proper marketing campaign, along with a reasonable asking price, is so crucial when selling real estate. Despite the many challenges with this listing, I was able see the play, navigate the negotiations flawlessly, and deliver my clients a successful closing at a record price. Few, if any, listings are easy, but it's listings like this one that separate the Fredo's from the Michael's out there in the real estate profession. Clients come first at Calemine & Co. Real Estate.…JUST LISTED! Solid brick, extra large 2-family semi-detached corner building, featuring 2 modern 3-bedroom apartments with balconies plus a 3 room unit on walk-in level. In addition there's a full basement w/high ceilings, plenty of windows and a separate entrance. Must be seen to be fully appreciated. Lots of potential here! All 4 levels have lots of windows and get plenty of sunlight. Features hardwood flooring and high ceilings throughout. There’s also a built-in 2 car garage w/private driveway. This big corner property has lots of outdoor space and beautiful landscaping. All four floors have separate zones for heating. Two apartments are currently occupied. First floor and basement are currently empty. The entire building can possibly be delivered vacant. Building measures 22’ x 49’ and sits on a 40’ x 73’ lot. Close to shopping and transportation. Listed exclusively with Calemine & Co. Real Estate.

Details:

Bedrooms: 7

Bathrooms: 4

Property Type: 2-Family House

Building Size: 22’ x 49’

Lot Size: 40’ x 73’

Square Footage: 2,834 SqFt

Financials

Price: $1,520,000

Taxes: $10,309.76

Listed by: