$1,033,000
Staten Island, NY 10305
MLS# 1125758
Status: Closed
2856 sqft
1 / 28
Property Description
A very rare multi- family residence in the desirable are of Arrochar. Situated on a generous corner lot that boasts 6688 sq. ft. in size, you are able to maximize and take full advantage of the rent generated from the additional storage space/containers bringing in an additional $450.00 per month with very little effort. Park your investment money here and receive a cap rate of 6.6% while having all of your rental units at full market value generating $6775 monthly, totaling $90,900 annually before expenses. You have an additional 1428 sq. ft of a partially finished basement with a separate entrance from the rear of the property. 5 gas meters, 5 electric meters. All this and you still manage to have a shared yard space for entertaining. 3 out of 4 units have been recently renovated.Showi
Details
Maps
Documents
Address/Legal
Section: Mid-Island
Contract/Location Information
List Price/SqFt: 419.82
CofO: No
List Type: Exclusive Right to Sell
Owner Finance: Yes
General Property Info
Stories: 2
Taxes: 5605
Tax Abated: No
Lot Size SqFt: 6688
Year Built Info: Approx
Lot Dim: 76 x 88
Irregular: Yes
No. of Heating Units: 4
Air Conditioner: None
Condition: Excellent
Basement Type: Full
Public Remarks: A very rare multi- family residence in the desirable are of Arrochar. Situated on a generous corner lot that boasts 6688 sq. ft. in size, you are able to maximize and take full advantage of the rent generated from the additional storage space/containers bringing in an additional $450.00 per month with very little effort. Park your investment money here and receive a cap rate of 6.6% while having all of your rental units at full market value generating $6775 monthly, totaling $90,900 annually before expenses. You have an additional 1428 sq. ft of a partially finished basement with a separate entrance from the rear of the property. 5 gas meters, 5 electric meters. All this and you still manage to have a shared yard space for entertaining. 3 out of 4 units have been recently renovated.Showi
Year Built: 1931
Building SqFt: 2856
Number of Units: 4
Status Change Info
Projected Close Date: 2019-09-13
Pending Date: 2019-06-26
Sold Date: 2019-09-13
Sold Price: $1,033,000
Unit 1
Unit 1 - Level: 1
Unit 1 - # Rooms: 4
Unit 1 - # Bedrooms: 2
Unit 1 - # Baths: 1
Rent/Month: 1750
Sewer
City: 1
Income & Expenses
Gross Income: 90900
Net Income: 79395
Total Expense: 11505
Appliances
Total # Ranges: 4
Total # Refrigerators: 4
Unit 2
Unit 2 - Level: 2
Unit 2 - # Rooms: 4
Unit 2 - # Bedrooms: 2
Unit 3
Unit 3 - Level: 1
Unit 3 - # Rooms: 4
Unit 3 - # Bedrooms: 2
Rent/Month: 1650
Unit 3 - # Baths: 1
Electric
220: 1
Unit 4
Unit 4 - Level: 2
Unit 4 - # Rooms: 4
Unit 4 - # Bedrooms: 2
Rent/Month: 1500
Unit 4 - # Baths: 1
Heat Source
Gas: 1
Heat System
Hot Water: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Parking
Off Street: 1
Garage Location
None: 1
Siding
Vinyl Siding: 1
Extras
Cable: 1
Storage: 1
AddressLegal
Street No.: 82
Street Name: Olympia
Street Suffix: Boulevard
County: Richmond
State: NY
Zip Code: 10305
Area Name: Arrochar
Parcel ID: 03404-0011
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2019-01-26
Sold Price: $1,033,000
Current Price: $1,033,000
Sub-Type: 4F
Zoning: R3-X
Block: 03404
Lot: 0011
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Parking: Off Street
Garage Location: None
Siding: Vinyl Siding
Extras: Cable; Storage
Heat Source: Gas
Heat System: Hot Water
Supplements
of any units will be decided upon the seriousness and urgency of the buyer. Please do not enter the property without prior permission from the Listing Agent and please do not disturb any of the tenants. Seller is willing to provide financing and is hearing all reasonable offers.
Lead Based Paint Disclosure 
Listing Courtesy of Century 21 Papp Realty
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.