$993,000
Staten Island, NY 10312
MLS# 1161911
Status: Closed
2300 sqft
1 / 4
Property Description
Investors collect 2 incomes, perfect opportunity to own a high-income producing multi-use all brick building with a 6% cap rate. Total monthly income is $6,800. High visibility professional location on the corner of Richmond Ave and Sycamore St. Legal use for this property is 1st floor dental office and 2nd floor residential, both with separate addresses creating privacy for each use. The apartment features 3 bedrooms, living room & dining room combination, eat-in kitchen, and full bath. The medical suite has a long lease with opportunity to extend. Expenses include taxes, insurance, landscaping, repairs, and heat.
Details
Maps
Documents
Address/Legal
Section: South Shore
Contract/Location Information
List Price/SqFt: 478.26
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 2
Taxes: 7440
Tax Abated: No
Lot Size SqFt: 5060
Year Built Info: Approx
Lot Dim: 55x92
Irregular: No
Air Conditioner: Central
Condition: Excellent
Garage Capacity: 0
# of Parking Spaces: 1
Lease Purchase: No
# of Residential Units: 1
# of Commercial Units: 0
# of Mfg Units: 0
# of Medical Units: 1
# of Non-Conform Units: 0
Public Remarks: Investors collect 2 incomes, perfect opportunity to own a high-income producing multi-use all brick building with a 6% cap rate. Total monthly income is $6,800. High visibility professional location on the corner of Richmond Ave and Sycamore St. Legal use for this property is 1st floor dental office and 2nd floor residential, both with separate addresses creating privacy for each use. The apartment features 3 bedrooms, living room & dining room combination, eat-in kitchen, and full bath. The medical suite has a long lease with opportunity to extend. Expenses include taxes, insurance, landscaping, repairs, and heat.
Year Built: 1965
Building SqFt: 2300
Status Change Info
Projected Close Date: 2023-12-15
Pending Date: 2023-10-03
Sold Date: 2024-01-05
Sold Price: $993,000
Sewer
City: 1
Electric
220: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Heat System
Forced Air: 1
Expenses Include
Common Area Maintainence: 1
Insurance: 1
Taxes: 1
Electric Meters
Individual: 1
Gas Meters
Master: 1
Income & Expense
Gross Income: 81600
Total Expense: 17586
Net Income: 64014
Features
Apartment: 1
Medical/Dental: 1
Mixed Use: 1
Building Info
Building Available SqFt: 2300
Office Available SqFt: 1150
Sprinklers: No
Construction
Frame Brick: 1
AddressLegal
Street No.: 4032
Street Name: Richmond
Street Suffix: Avenue
County: Richmond
State: NY
Zip Code: 10312
Area Name: Eltingville
Parcel ID: 05325-0029
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2023-05-11
Sold Price: $993,000
Current Price: $993,000
Sub-Type: Commercial
Zoning: R1-2
Block: 05325
Lot: 0029
Property Features
Electric Meters: Individual
Expenses Include: Common Area Maintainence; Insurance; Taxes
Gas Meters: Master
Heat Source: Gas
Heat System: Forced Air
Showing Instructions: Call Agent
Electric: 220
Features: Apartment; Medical/Dental; Mixed Use
Construction: Frame Brick
Lead Paint Disclosure 
Listing Courtesy of Precious Properties Corp.
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.