NOT LISTED FOR SALE
-- Bed
50 Baths
25,242 Sq Ft
0.95 Acres

Last Sold October 23, 2018

Last sale price $7,175,000 $284 Per Sq Ft

51 Days on Market

Highlights

  • 0.95 Acre Lot
  • Cooling Available
  • Laundry Facilities
  • P.S. 48 - William C. Wilcox Rated A
  • Forced Air Heating System

About This Home

As of October 2018

Grasmere, Staten Island, NY
Fully rented, all brick, rental complex with 25, two family attached units for a total of 50 apartments. There are 6 studios, 42 one bedrooms & 2 two bedrooms. Perfect for investor or 1031 Exchange. Parking & laundry on premises. All units have separate heat. Walk to Hylan Boulevard restaurants & stores as well as supermarket, train, express bus to Manhattan, bus to Brooklyn & bus to Staten Island Ferry

Last Agent to Sell the Property

Claire Bisignano Chesnoff

Claire Properties Listed on: 05/29/2018

Last Buyer's Agent

Sulejman Durakovic

StatenIslandRealEstate.com License #10311204506

StatenIslandRealEstate.com

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $132,192

Year Built

  • Built in 1978

Lot Details

  • 0.95 Acre Lot
  • Lot Dimensions are 23 x 42

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 25,242 Sq Ft Home
  • 2-Story Property

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Individual Gas Meter
  • Cable TV Available

Community Details

  • 50 Units
  • Laundry Facilities
  • Gross Income $574,583

Listing and Financial Details

  • Legal Lot and Block 0001 / 03213
  • Assessor Parcel Number 03213-0001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$132,192

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: 9+F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.95
  • Lot Size: 23 x 42
  • Modification Timestamp: 2024-09-26
  • Directions: Hylan to Parkinson Avenue to Fayette Avenue
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Approx
  • Year Built: 1978
  • General Property Info:Public Remarks3: Grasmere, Staten Island, NY Fully rented, all brick, rental complex with 25, two family attached units for a total of 50 apartments. There are 6 studios, 42 one bedrooms & 2 two bedrooms. Perfect for investor or 1031 Exchange. Parking & laundry on premises. All units have separate heat. Walk to Hylan Boulevard restaurants & stores as well as supermarket, train, express bus to Manhattan, bus to Brooklyn & bus to Staten Island Ferry
  • ContractLocation Information:List PriceSqFt2: 312.53
  • General Property Info:Tax Abated: No
  • General Property Info:Irregular: Yes
  • General Property Info:Condition: Excellent
  • Income Expenses Gross Income: 574583.4
  • Annual Expenses: 203171.0
  • Income Expenses Net Income: 371412.4
  • General Property Info:Year Built Info: Approx
  • Extras:Laundry: Yes
  • Extras:Superintendent_squote_s Apt: Yes
  • General Property Info Bldg Dimensions: 23 x 42
  • Special Features: None
  • Stories: 2
  • Year Built: 1978

Interior Features

  • General Property Info:Stories2: 2.0
  • General Property Info:Basement Type: Full
  • Appliances:Total Number Ranges: 50
  • Appliances:Total Number Washers: 6
  • Appliances:Total Number Dryers: 2
  • General Property Info Basement Desc: Unfinished

Exterior Features

  • Construction Type: Brick
  • Siding:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, On Street
  • Parking:Off Street: Yes
  • Parking:On Street: Yes
  • Garage Location:None4: Yes

Utilities

  • Green Building Features: Cable, Laundry, Superintendent's Apt
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 50.0
  • General Property Info:Air Conditioner: Central
  • Sewer:City3: Yes
  • Heat Source:Gas2: Yes
  • Heat System:Forced Air: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes
  • Extras:Cable3: Yes
  • General Property Info Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 41200.0
  • Lot Size Units: Square Feet
  • Parcel #: 03213-0001
  • Zoning: R3 -2
  • ResoLotSizeUnits: SquareFeet
  • General Property Info:Lot Size SqFt: 41200.0
  • General Property Info:Lot Dim: 256 x 200

Multi Family

  • Number Of Units Total: 50
  • Annual Gross Income: 574583.4
  • Property Net Operating Income: 371412.4
  • Annual Operating Expense: 203171.0

Tax Info

  • Tax Annual Amount: 132192.0
  • Tax Block: 03213
  • Tax Lot: 0001
  • General Property Info:Taxes2: 132192.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2018 10/23/18 Sold $7,175,000 0.0% $284 / Sq Ft
09/23/2018 09/23/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $7,175,000 -- $284 / Sq Ft
Source: Staten Island Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Staten Island Multiple Listing Service

MLS Number: 1119719

Staten Island Multiple Listing Service

APN: 03213-0001