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NYC Building Records · BBL 4126520033

196-15 120 AVENUE

Queens · Block 12652 · Lot 33 · Two-family converted (Class B3)

196-15 120 AVENUE is a Class B3 (two-family converted) building in Queens (BBL 4126520033) built in 1950, with 2 residential units across 2 floors.

The building is in NYC community district 412, council district 27, zoning district R3A, on a 4,542-square-foot lot with a building footprint of 2,630 square feet.

The current registered owner of record per NYC PLUTO is AKINOLA, OMOLOLA.

The most recent ACRIS deed transfer for this BBL was recorded on March 31, 2023 when MILES EQUITIES LLC conveyed the property to AKINOLA, OMOLOLA; AJILEYE, KOREDE for $1.23M. The transaction was financed with a $1.21M mortgage from Contour Mortgage Corporation; Mortgage Electronic Registration Systems Inc.

Data sourced daily from NYC PLUTO (Department of City Planning), NYC ACRIS (Department of Finance), and NYC HPD housing-maintenance code violations.

Owner of record

AKINOLA, OMOLOLA

Most recent deed

Last transferred on Mar 31, 2023 for $1.2M to AKINOLA, OMOLOLA; AJILEYE, KOREDE.
Previous owner: MILES EQUITIES LLC
Mortgage: $1.2M recorded Mar 31, 2023 with Contour Mortgage Corporation; Mortgage Electronic Registration Systems Inc. Loan-to-value: 98%.
🔒 See full deed history for this building →

Recent ACRIS documents (last 5)

DateTypeAmountParties
Mar 31, 2023MTGE$1.2MParties redacted — full names in MetroDeeds Scout+
Mar 31, 2023DEED$1.2MParties redacted — full names in MetroDeeds Scout+
Nov 19, 2021MTGE$525KParties redacted — full names in MetroDeeds Scout+
Nov 19, 2021DEED$525KParties redacted — full names in MetroDeeds Scout+
Nov 12, 2008DEED$10Parties redacted — full names in MetroDeeds Scout+
🔒 Unlock party names + multi-decade history →

Building stats

Units
2
Year built
1950
Class
B3
Borough
Queens
Zoning:
R3A
Lot size:
4,542 sqft
Building area:
2,630 sqft
Floors:
2
Assessed value:
$72K
Community district:
412
Council district:
27

HPD violations

0 open
No open violations on record. Source: NYC HPD.
🔒 See full violation history →

Recent HPD violation details

No open HPD violations recorded for this building.

Recent ACRIS activity

5 documents in the last 5 years (most recent Mar 31, 2023).

Frequently asked questions about 196-15 120 AVENUE

Who owns 196-15 120 AVENUE?

The current registered owner of record for 196-15 120 AVENUE per NYC PLUTO is AKINOLA, OMOLOLA. The most recent ACRIS deed transfer for this BBL was recorded on March 31, 2023 when the property was conveyed to AKINOLA, OMOLOLA; AJILEYE, KOREDE. PLUTO ownership is refreshed monthly by NYC Department of Finance; the registered owner may not reflect transactions recorded within the last 30 days.

When was 196-15 120 AVENUE last sold?

The most recent ACRIS deed transfer for 196-15 120 AVENUE was recorded on March 31, 2023, when MILES EQUITIES LLC conveyed the property to AKINOLA, OMOLOLA; AJILEYE, KOREDE for $1.23M. The transaction was financed with a $1.21M mortgage from Contour Mortgage Corporation; Mortgage Electronic Registration Systems Inc.

How many HPD violations does 196-15 120 AVENUE have?

No open HPD housing-maintenance code violations are on record for 196-15 120 AVENUE. The building is not registered with NYC HPD's landlord-registration system, which is typical for owner-occupied 1-2 family dwellings. HPD violation data is pulled daily from the NYC Open Data violations feed.

What is the assessed value of 196-15 120 AVENUE?

NYC Department of Finance assesses 196-15 120 AVENUE at $72K for the current tax year. NYC assesses property at a fraction of estimated market value (the assessment ratio varies by tax class — 6% for tax class 1 one-to-three-family dwellings, approximately 45% for tax class 2 rental apartment buildings), so the market value implied by this assessment is meaningfully higher. Assessment data is published by NYC Department of Finance.

What building class is 196-15 120 AVENUE and what does that mean?

196-15 120 AVENUE is NYC building class B3 — Two-family converted. A two-family dwelling that was converted from a one-family. Building class is assigned by NYC Department of Finance and recorded in PLUTO; it determines the property's tax class and the regulatory regime that applies.

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