$1,240,000
Staten Island, NY 10304
MLS# 1154994
Status: Closed
2150 sqft
1 / 10
Property Description
This rare, turn-key, legal 5 family in Grymes Hill sits on a corner lot size of 7,730 sq. ft. produces full market value rental rates. Your fully vacant detached garage/carriage house has the upstairs renovated home office you are looking for with an all-brick interior, complete with a newly installed heating/cooling split system, tile floors and glass partitions. This property's net income gives the lucky investor a generous 7% cap rate at the full asking price. It also features 6 meters, a newly installed roof with updated and separate mechanicals. This will be delivered fully occupied and can be managed by the seller for a 10% property management fee. Proof of pre-approval and proof of funds will gain the buyer access to the exterior, common areas and one apartment. The remaining units will be shown once an offer has been accepted. No exceptions. Do not walk on the property and please do not disturb the tenants. Showing are by appointment only. Carriage house office is projected to rent at $2500 per month.
Details
Maps
Documents
Address/Legal
Section: North Shore
Contract/Location Information
List Price/SqFt: 627.44
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
Stories: 2
Taxes: 12021.28
Tax Abated: No
Lot Size SqFt: 7730
Year Built Info: Approx
Lot Dim: 111 x 112
Irregular: Yes
Air Conditioner: Units
Condition: Excellent
Garage Capacity: 1
# Units: 5
Public Remarks: This rare, turn-key, legal 5 family in Grymes Hill sits on a corner lot size of 7,730 sq. ft. produces full market value rental rates. Your fully vacant detached garage/carriage house has the upstairs renovated home office you are looking for with an all-brick interior, complete with a newly installed heating/cooling split system, tile floors and glass partitions. This property's net income gives the lucky investor a generous 7% cap rate at the full asking price. It also features 6 meters, a newly installed roof with updated and separate mechanicals. This will be delivered fully occupied and can be managed by the seller for a 10% property management fee. Proof of pre-approval and proof of funds will gain the buyer access to the exterior, common areas and one apartment. The remaining units will be shown once an offer has been accepted. No exceptions. Do not walk on the property and please do not disturb the tenants. Showing are by appointment only. Carriage house office is projected to rent at $2500 per month.
# of Heating Units: 5
Year Built: 1950
Building SqFt: 2150
Status Change Info
Projected Close Date: 2023-05-17
Pending Date: 2023-04-17
Sold Date: 2023-07-10
Sold Price: $1,240,000
Unit 1
Unit 1 - Level: 1
Unit 1 - # Rooms: 3
Unit 1 - # Bedrooms: 1
Unit 1 - # Baths: 1
Rent/Month: 1774
Sewer
City: 1
Appliances
Total # Ranges: 5
Total # Refrigerators: 5
Unit 3
Unit 3 - Level: 2
Unit 3 - # Rooms: 1
Unit 3 - # Bedrooms: 1
Rent/Month: 2400
Unit 3 - # Baths: 1
Electric
220: 1
Unit 4
Unit 4 - Level: 1
Unit 4 - # Rooms: 3
Unit 4 - # Bedrooms: 1
Rent/Month: 1875
Unit 4 - # Baths: 1
Heat Source
Gas: 1
Unit 5
Level: 2
# Rooms: 4
# Bedrooms: 2
# Baths: 1
Rent/Month: 2500
Heat System
Hot Water: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Parking
On Street: 1
Garage Location
Detached: 1
Siding
Vinyl Siding: 1
Income & Expense
Gross Income: 152700
Total Expense: 25116
Net Income: 109188
AddressLegal
Street No.: 94
Street Name: Trossach
Street Suffix: Road
County: Richmond
State: NY
Zip Code: 10304
Area Name: Grymes Hill
Parcel ID: 00611-0058
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2022-05-26
Sold Price: $1,240,000
Current Price: $1,240,000
Sub-Type: 5F
Zoning: C-5
Block: 00611
Lot: 0058
Property Features
Electric Meters: Individual
Garage Location: Detached
Siding: Vinyl Siding
Gas Meters: Individual
Heat Source: Gas
Heat System: Hot Water
Electric: 220
Parking: On Street
Lead Base Paint 
LNO 
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.