$1,350,000
Staten Island, NY 10306
MLS# 1159993
Status: Closed
6600 sqft


28 CRANFORD 2
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28 CRANFORD 2 28 CRANFORD 1 28 CRANFORD 3

Property Description
Very rare opportunity to own a 10 family multi unit building in the beautiful neighborhood of Bay Terrace. Located within minutes to train and express bus to brooklyn and manhattan, shopping plaza with laundromat for tenants, and high rated schools. This building has 10 units with a full basement that is enormous in size to add extra income for tenants storage or for outside businesses to store their belongings in your basement. There is also a parking lot which can fit more than 10 vehicles and can also be rented to tenants or to outside businesses looking to park their vehicles. A lot of opportunities. Currently 2 units are vacant as of 02/03/2023 but should be occupied soon. Please call, text, or email for any questions. This building is entirely run on electric. There are no gas bills and tenants are responsible for their own electric bills. Owner only responsible for water, taxes, and insurance' Lot size is 100X120 with r3-1 zoning meaning if ever vacated in the future, the building could be demolished and can build 4-5 one or two fam semis which comes out to about 8-10 homes. (Speak with architect for an accurate answer). New construction 2 fam semis in the area sold for 900-930k on Amboy road busy street around the block from building. --

Details
Documents
Address/Legal
Section: South Shore
Contract/Location Information
List Price/SqFt: 257.58
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
Stories: 2
Taxes: 31317
Tax Abated: No
Lot Size SqFt: 11999
Year Built Info: Approx
Lot Dim: 100 X 120
Irregular: No
Air Conditioner: None
Condition: Excellent
Garage Capacity: 0
# Units: 10
Public Remarks: Very rare opportunity to own a 10 family multi unit building in the beautiful neighborhood of Bay Terrace. Located within minutes to train and express bus to brooklyn and manhattan, shopping plaza with laundromat for tenants, and high rated schools. This building has 10 units with a full basement that is enormous in size to add extra income for tenants storage or for outside businesses to store their belongings in your basement. There is also a parking lot which can fit more than 10 vehicles and can also be rented to tenants or to outside businesses looking to park their vehicles. A lot of opportunities. Currently 2 units are vacant as of 02/03/2023 but should be occupied soon. Please call, text, or email for any questions. This building is entirely run on electric. There are no gas bills and tenants are responsible for their own electric bills. Owner only responsible for water, taxes, and insurance' Lot size is 100X120 with r3-1 zoning meaning if ever vacated in the future, the building could be demolished and can build 4-5 one or two fam semis which comes out to about 8-10 homes. (Speak with architect for an accurate answer). New construction 2 fam semis in the area sold for 900-930k on Amboy road busy street around the block from building. --
# of Heating Units: 10
Year Built: 1975
Building SqFt: 6600
Status Change Info
Projected Close Date: 2023-06-20
Pending Date: 2023-03-20
Sold Date: 2023-07-25
Sold Price: $1,350,000
Unit 1
Unit 1 - Level: 1
Unit 1 - # Rooms: 3
Unit 1 - # Bedrooms: 1
Unit 1 - # Baths: 1
Rent/Month: 1000
Sewer
City: 1
Unit 3
Unit 3 - Level: 1
Unit 3 - # Rooms: 2
Rent/Month: 965
Unit 3 - # Baths: 1
Electric
220: 1
Unit 4
Unit 4 - Level: 2
Unit 4 - # Rooms: 2
Rent/Month: 850
Unit 4 - # Baths: 1
Heat Source
Electric: 1
Unit 5
Level: 2
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 1032
Heat System
Other: 1
Unit 6
Level: 2
# Rooms: 2
# Baths: 1
Rent/Month: 780
Unit 7
Level: 2
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 1100
Unit 8
Level: 2
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 950
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Parking
Carport: 1
Off Street: 1
Siding
Brick: 1
Income & Expense
Gross Income: 111624
Total Expense: 38500
Net Income: 68624
Extras
Storage: 1
AddressLegal
County: Richmond
State: NY
Zip Code: 10306
Area Name: Bay Terrace
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2023-02-01
Sold Price: $1,350,000
Current Price: $1,350,000
Sub-Type: 9+F
Zoning: R3-1
Block: 05101
Lot: 0018
Property Features
Electric Meters: Individual
Siding: Brick
Extras: Storage
Gas Meters: Individual
Heat Source: Electric
Heat System: Other
Electric: 220
Parking: Carport; 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.