38 Arthur Ave Staten Island, NY 10305
South Beach Neighborhood
5
Beds
3
Baths
1,523
Sq Ft
4,054
Sq Ft Lot
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
As of June 2025Seize this PRIME investment opportunity with a well-maintained legal3-family house, with three detached garages on a 40X100 lot in zone R3-1, in thedesirable Arrochar neighborhood of Staten Island. Tenants are operatingbelow-market rents with room to improve and increase the current CAP.Perfect for a 1031 exchange or enhancing your investment portfolio, thisproperty is strategically located near schools, shopping centers, andtransportation, just minutes from the Verrazano Bridge. Tenants willappreciate the convenience, ensuring high demand. This fully rentedproperty boasts reliable long-term tenants, comprising one one-bedroom andtwo two-bedroom units, each with full bathrooms. Modern amenities includethree separate heating systems, three NEW water heaters, three gas, andfour electric meters, enhancing tenant satisfaction and operationalefficiency. With a solid rental income of almost $7,000/month and very lowmonthly expenses. Real Estate Tax below $5,000. This investment promisesattractive returns and substantial upside potential, as current leases aresignificantly below market value. Act now to capitalize on thisexceptional offering! P&L is available upon request. Please note that theCertificate of Occupancy, dated 2008, reflects a legal three-familydwelling with three detached garages. The building has no violations and is properlyregistered. Showings are by private appointments only. Please do notdisturb tenants.
Last Agent to Sell the Property
Victor Li
Listed on: 06/05/2024
Last Buyer's Agent
NON MEMBER
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,746
Lot Details
- 4,054 Sq Ft Lot
- Lot Dimensions are 100 x 40
- Back, Front, and Side Yard
Home Design
- 1,523 Sq Ft Home
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2024
Closed on
Jun 4, 2025
Sold by
38 Arthur Ave Llc
Bought by
Spahiu Erjon
Seller's Agent
Victor Li
Buyer's Agent
NON MEMBER
List Price
$999,000
Sold Price
$960,000
Premium/Discount to List
-$39,000
-3.9%
Views
50
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$103,468
Avg. Annual Appreciation
-39.09%
Original Mortgage
$720,000
Outstanding Balance
$719,381
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$137,151
Purchase Details
Listed on
Oct 26, 2015
Closed on
Jan 14, 2015
Sold by
Babayeva Estera and Spokoyny Mikhail
Bought by
38 Arthur Ave Llc
Seller's Agent
Broker Non-MLS
MLS
Buyer's Agent
Bella Grossman
NextHome Prestige
List Price
$505,000
Sold Price
$505,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%
Original Mortgage
$386,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 26, 2015
Closed on
Jan 12, 2015
Sold by
Candeland 36 Llc
Bought by
Babayeva Estera and Spokoyny Mikhail
Seller's Agent
Broker Non-MLS
MLS
Buyer's Agent
Bella Grossman
NextHome Prestige
List Price
$505,000
Sold Price
$505,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $960,000 | First American Title Insurance | |
| 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 | $720,000 | New Conventional | |
| Previous Owner | $186,216 | New Conventional | |
| Previous Owner | $532,000 | New Conventional | |
| Previous Owner | $386,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Sold | $960,000 | -3.9% | $630 / Sq Ft |
| 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®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $5,030 | $44,820 | $8,067 | $36,753 |
| 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
Agents Affiliated with this Home
-
V
Seller's Agent in 2025
Victor Li
-
N
Buyer's Agent in 2025
NON MEMBER
-
B
Seller's Agent in 2015
Broker Non-MLS
MLS
-
Bella Grossman
B
Buyer's Agent in 2015
Bella Grossman
NextHome Prestige
(718) 980-2100
2 in this area
33 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 483648
APN: 03108-0051
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