651-659 Leverett AVE Save Request In-Person Tour Request Virtual Tour
Staten Island,NY 10312
Key Details
Sold Price $2,175,00016.3%
Property Type Commercial
Sub Type 5F
Listing Status Sold
Purchase Type For Sale
Square Footage 5,760 sqft
Price per Sqft $377
MLS Listing ID 2405699
Sold Date
Bedrooms 10
Full Baths 10
Year Built 1975
Annual Tax Amount $39,773
Lot Size 9,999 Sqft
Acres 0.23
Lot Dimensions 100 X 100
Property Sub-Type 5F
Source Staten Island Multiple Listing Service
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.
Location
State NY
County Richmond
Area Arden Heights
Zoning R3-2
Interior
Heating Forced Air,Natural Gas
Building
Story 2
Sewer City
Level or Stories 2
New Construction No
Others
Tax ID 05609-0006