1-47 B 116th Street

1-47 B 116th Street has been categorized by the local assessors in Rockaway Park, NY as a commercial type of property. The building on the property was first built in 2018 and is 6 years old. The building has a total of 9 stories. The linear feet between the front and back of the lot is 2,000 ft and across the front of the lot is 2,060 ft. The area measurement of the land has been determined as 28,600 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Dec 1, 2015 for $5,000,000. That's $31.19 per sqft. Prior to that sales transaction, the property was also sold in Dec 22, 2009 for $2,750,000. 1-47 B 116th Street was last assessed in 2021. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $0. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.