$1,250,000

Estimated payment $7,479/month

Total Views 5,511
10 Beds
6 Baths
5,000 Sq Ft
$250 Price per Sq Ft

About This Home

This property, located just off Forest Avenue with convenient access to transportation and public commuting options, offers a unique investment package. Comprising three lots—Lot 293 &(92) housing two sets of semi-attached homes and Lot 93 owned under the association—this deal spans nearly 7,000 sq. ft. across four stories. The two sets of semi-attached homes are being sold as a package for 1,250,000 Dollars . All tenants are currently on month-to-month leases, providing flexibility for potential rent adjustments. Current rents are below market value, with units generating 2,300, 2,400, 2,300, and 2,200 Dollars monthly. Each unit has its own heating system and central air, with tenants responsible for their own electric and gas. This property offers significant room for income growth, whether through market-rate rent adjustments or property improvements. This is a rare opportunity to acquire a well-located property with strong upside potential in a high-demand area.

Listing Agent

Melsa Skrapalliu

RJM Realty Empire Inc. License #10311204696 Listed on: 01/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,177

Year Built

  • Built in 2008

Lot Details

  • 3,025 Sq Ft Lot
  • Lot Dimensions are 50x40

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 5,000 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Utilities

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

Community Details

  • 4 Units
  • Gross Income $110,400

Listing and Financial Details

  • Legal Lot and Block 0293,0092 & 0093 / 01234
  • Assessor Parcel Number 01234-0293,0092 & 0093

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,177

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Sub Type: 4F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Lot Size: 50X40
  • Modification Timestamp: 2025-06-19
  • Directions: FOREST AVE TO UNION THE BACK BUILDING .
  • New Construction: No
  • Building Stories: 4
  • Year Built Details: Approx
  • Year Built: 2008
  • General Property Info:Public Remarks3: This property, located just off Forest Avenue with convenient access to transportation and public commuting options, offers a unique investment package. Comprising three lots—Lot 293 &(92) housing two sets of semi-attached homes and Lot 93 owned under the association—this deal spans nearly 7,000 sq. ft. across four stories. The two sets of semi-attached homes are being sold as a package for 1,250,000 Dollars . All tenants are currently on month-to-month leases, providing flexibility for potential rent adjustments. Current rents are below market value, with units generating 2,300, 2,400, 2,300, and 2,200 Dollars monthly. Each unit has its own heating system and central air, with tenants responsible for their own electric and gas. This property offers significant room for income growth, whether through market-rate rent adjustments or property improvements. This is a rare opportunity to acquire a well-located property with strong upside potential in a high-demand area.
  • ContractLocation Information:List PriceSqFt2: 250.0
  • General Property Info:Tax Abated: No
  • General Property Info:Irregular: Yes
  • General Property Info:Condition: Excellent
  • Income Expenses Gross Income: 110400.0
  • Annual Expenses: 20080.0
  • Income Expenses Net Income: 90320.0
  • General Property Info:Year Built Info: Approx
  • General Property Info Bldg Dimensions: 50X40
  • Special Features: VirtualTour
  • Stories: 4
  • Year Built: 2008

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 10
  • General Property Info:Stories2: 4.0
  • General Property Info:Basement Type: Full
  • General Property Info Basement Desc: Finished

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Siding:Brick: Yes
  • General Property Info Pool YN2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking:Off Street: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 4.0
  • General Property Info:Air Conditioner: Central
  • Sewer:City3: Yes
  • Heat Source:Gas2: Yes
  • Heat System:Forced Air: Yes
  • Siding:Vinyl Siding: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes
  • General Property Info Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 3025.0
  • Lot Size Units: Square Feet
  • Parcel #: 01234-0293,0092 & 0093
  • Zoning: R3-2
  • General Property Info:Lot Size SqFt: 3025.0
  • General Property Info:Lot Dim: 68X89

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 110400.0
  • Property Net Operating Income: 90320.0
  • Annual Operating Expense: 20080.0

Tax Info

  • Tax Annual Amount: 6177.0
  • Tax Block: 01234
  • Tax Lot: 0293,0092 & 0093
  • General Property Info:Taxes2: 6177.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,495 $36,240 $3,260 $32,980
2023 $4,545 $22,378 $3,498 $18,880
2022 $4,433 $27,480 $5,280 $22,200
2021 $4,409 $25,980 $5,280 $20,700
2020 $8,131 $25,560 $5,280 $20,280
2019 $3,901 $26,460 $5,280 $21,180
2018 $3,801 $18,648 $4,251 $14,397
2017 $3,773 $18,507 $4,092 $14,415
2016 $3,490 $17,460 $4,209 $13,251
2015 $2,982 $16,472 $3,866 $12,606
2014 $2,982 $15,540 $4,380 $11,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2025 01/14/25 For Sale $1,250,000 -- $250 / Sq Ft
Source: Staten Island Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- --
Bargain Sale Deed $400,000 Plaza Island Abstract Llc
Bargain Sale Deed $1,300,000 None Available
Bargain Sale Deed $226,291 First Amer Title Ins Co Ny
Bargain Sale Deed $299,000 Chicago Title Insurance Co
Bargain Sale Deed $130,000 Titleserv Inc
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $111,000 Stand Alone Second
Previous Owner $100,000 Future Advance Clause Open End Mortgage
Previous Owner $600,000 Future Advance Clause Open End Mortgage
Previous Owner $239,200 Purchase Money Mortgage
Previous Owner $80,500 Purchase Money Mortgage
Source: Public Records

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Source: Staten Island Multiple Listing Service

MLS Number: 2500181

Staten Island Multiple Listing Service

APN: 01234-0090