$2,175,000
Staten Island, NY 10312
MLS# 2405699
Status: Closed
10 beds | 10 baths | 5760 sqft
1 / 5
Property Description
Great Investment Opportunity! 1031 Exchange welcome! This turn key 10 Unit package consists of 5 separate 2-family dwellings. Avoiding Rent stabilization to produce maximum revenue 651-659 Leverett is meticulously run for hands off investors to turn positive cash flow with minimal effort. Current rent roll is 15k which can easily be turned to 24k+. Gross annual income 187K projected increase to 291k. All 1 bedroom units currently rented for below market (room for increase). All units have separate utilities billed to each apartment to keep down owner expenses. Units are tastefully upgraded with timeless designs to ensure quality as an everlasting priority. Rental increase and front parking lot can be utilized to forefront a cap rate increase as well as potential for laundry on site. Strategically located on the corner of Leverett Ave & Richmond Ave. Minutes from Eltingville Transit center which provides every local & express bus for easy transport. Across from Greenridge plaza , Country donuts, McDonalds, LA fitness & new ALDI Supermarket. Close to Costco Staten Island Mall , highway access to New Jersey/ NYC/Brooklyn. Create Generational wealth and watch your ROI increase exponentially for years to come.
Details
Maps
Address/Legal
Section: South Shore
Country: United States
Contract/Location Information
List Price/SqFt: 451.39
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
Stories: 2
Taxes: 39773
Tax Abated: No
Lot Size SqFt: 9999
Year Built Info: Approx
Lot Dim: 100 X 100
Irregular: No
Air Conditioner: Units
Condition: Excellent
Garage Capacity: 0
# Units: 10
Public Remarks: Great Investment Opportunity! 1031 Exchange welcome! This turn key 10 Unit package consists of 5 separate 2-family dwellings. Avoiding Rent stabilization to produce maximum revenue 651-659 Leverett is meticulously run for hands off investors to turn positive cash flow with minimal effort. Current rent roll is 15k which can easily be turned to 24k+. Gross annual income 187K projected increase to 291k. All 1 bedroom units currently rented for below market (room for increase). All units have separate utilities billed to each apartment to keep down owner expenses. Units are tastefully upgraded with timeless designs to ensure quality as an everlasting priority. Rental increase and front parking lot can be utilized to forefront a cap rate increase as well as potential for laundry on site. Strategically located on the corner of Leverett Ave & Richmond Ave. Minutes from Eltingville Transit center which provides every local & express bus for easy transport. Across from Greenridge plaza , Country donuts, McDonalds, LA fitness & new ALDI Supermarket. Close to Costco Staten Island Mall , highway access to New Jersey/ NYC/Brooklyn. Create Generational wealth and watch your ROI increase exponentially for years to come.
Pool Y/N: No
# of Heating Units: 10
Bedrooms: 10
Full Baths: 10
Total Baths: 10
Year Built: 1975
Building SqFt: 5760
Status Change Info
Projected Close Date: 2025-06-18
Pending Date: 2025-03-19
Sold Date: 2025-05-22
Sold Price: $2,175,000
Unit 1
Unit 1 - Level: 1
Unit 1 - # Rooms: 3
Unit 1 - # Bedrooms: 1
Unit 1 - # Baths: 1
Rent/Month: 1200
Sewer
City: 1
Unit 3
Unit 3 - Level: 1
Unit 3 - # Rooms: 3
Unit 3 - # Bedrooms: 1
Rent/Month: 2484
Unit 3 - # Baths: 1
Electric
110: 1
Unit 4
Unit 4 - Level: 2
Unit 4 - # Rooms: 3
Unit 4 - # Bedrooms: 1
Rent/Month: 2484
Unit 4 - # Baths: 1
Heat Source
Gas: 1
Unit 5
Level: 1
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 1375
Heat System
Forced Air: 1
Unit 6
Level: 2
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 1400
Unit 7
Level: 1
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 1360
Unit 8
Level: 2
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 1265
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Parking
Off Street: 1
Garage Location
None: 1
Siding
Brick: 1
Wood Siding: 1
Income & Expense
Gross Income: 187884
Total Expense: 55901
Net Income: 131983
AddressLegal
Street No.: 651-659
Street Name: Leverett
Street Suffix: Avenue
County: Richmond
State: NY
Zip Code: 10312
Area Name: Arden Heights
Parcel ID: 05609-0006
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2024-10-10
Sold Price: $2,175,000
Current Price: $2,175,000
Sub-Type: 5F
Zoning: R3-2
Block: 05609
Lot: 0006
Property Features
Electric Meters: Individual
Garage Location: None
Siding: Brick; Wood Siding
Gas Meters: Individual
Heat Source: Gas
Heat System: Forced Air
Electric: 110
Parking: Off Street
Listing Courtesy of Robert DeFalco Realty, Inc.
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.