38 Arthur Ave Staten Island, NY 10305
South Beach NeighborhoodEstimated payment $5,988/month
Total Views
7,653
5
Beds
3
Baths
1,523
Sq Ft
$656
Price per Sq Ft
Highlights
- Wood Flooring
- 3 Car Detached Garage
- Back, Front, and Side Yard
- P.S. 39 The Francis J. Murphy Jr. School Rated A-
- Porch
- 3-minute walk to Arrochar Playground
About This Home
Seize this PRIME investment opportunity with a well-maintained legal
3-family house, with three detached garages on a 40X100 lot in zone R3-1, in the
desirable Arrochar neighborhood of Staten Island. Tenants are operating
below-market rents with room to improve and increase the current CAP.
Perfect for a 1031 exchange or enhancing your investment portfolio, this
property is strategically located near schools, shopping centers, and
transportation, just minutes from the Verrazano Bridge. Tenants will
appreciate the convenience, ensuring high demand. This fully rented
property boasts reliable long-term tenants, comprising one one-bedroom and
two two-bedroom units, each with full bathrooms. Modern amenities include
three separate heating systems, three NEW water heaters, three gas, and
four electric meters, enhancing tenant satisfaction and operational
efficiency. With a solid rental income of almost $7,000/month and very low
monthly expenses. Real Estate Tax below $5,000. This investment promises
attractive returns and substantial upside potential, as current leases are
significantly below market value. Act now to capitalize on this
exceptional offering! P&L is available upon request. Please note that the
Certificate of Occupancy, dated 2008, reflects a legal three-family
dwelling with three detached garages. The building has no violations and is properly
registered. Showings are by private appointments only. Please do not
disturb tenants.
Listing Agent
Victor Li
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,746
Year Built
- 1920
Lot Details
- Lot Dimensions are 100 x 40
- Back, Front, and Side Yard
Home Design
- Stucco Exterior
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 3 Car Detached Garage
- Carport
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Additional Features
- Stove
- Porch
Community Details
- 3 Units
- Gross Income $81,780
Listing and Financial Details
- Tax Block 3108
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,031 | $41,640 | $8,192 | $33,448 |
| 2023 | $4,799 | $23,630 | $7,030 | $16,600 |
| 2022 | $4,717 | $45,240 | $13,620 | $31,620 |
| 2021 | $4,935 | $41,220 | $13,620 | $27,600 |
| 2020 | $4,696 | $39,000 | $13,620 | $25,380 |
| 2019 | $5,435 | $37,200 | $13,620 | $23,580 |
| 2018 | $4,014 | $19,692 | $7,388 | $12,304 |
| 2017 | $4,014 | $19,692 | $10,113 | $9,579 |
| 2016 | $3,907 | $19,542 | $8,531 | $11,011 |
| 2015 | $3,338 | $18,436 | $8,972 | $9,464 |
| 2014 | $3,338 | $17,394 | $7,454 | $9,940 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2025 01/03/25 | Price Changed | $999,000 | 0.0% | $656 / Sq Ft |
| 01/03/2025 01/03/25 | For Sale | $999,000 | -3.8% | $656 / Sq Ft |
| 10/02/2024 10/02/24 | Off Market | $1,039,000 | -- | -- |
| 06/05/2024 06/05/24 | For Sale | $1,039,000 | +105.7% | $682 / Sq Ft |
| 06/05/2024 06/05/24 | Pending | -- | -- | -- |
| 10/26/2015 10/26/15 | For Sale | $505,000 | 0.0% | $421 / Sq Ft |
| 01/12/2015 01/12/15 | Sold | $505,000 | -- | $421 / Sq Ft |
| 12/20/2014 12/20/14 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Title Issues Agency Llc | |
| Bargain Sale Deed | $515,100 | Old Republic Natl Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $186,216 | New Conventional | |
| Open | $532,000 | New Conventional | |
| Closed | $386,000 | New Conventional |
Source: Public Records
Similar Homes in Staten Island, NY
Source: Brooklyn Board of REALTORS®
MLS Number: 483648
APN: 03108-0051
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