NOT LISTED FOR SALE

Estimated Value: $1,310,398

-- Bed
-- Bath
2,150 Sq Ft
$609/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $1,240,000 $577 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,407/month

96 Days on Market

Highlights

  • 0.18 Acre Lot
  • Cooling Available
  • Hot Water Baseboard Heater
  • 1 Car Detached Garage

About This Home

As of July 2023

This rare, turn-key, legal 5 family in Grymes Hill sits on a corner lot size of 7,730 sq. ft. produces full market value rental rates. Your fully vacant detached garage/carriage house has the upstairs renovated home office you are looking for with an all-brick interior, complete with a newly installed heating/cooling split system, tile floors and glass partitions. This property's net income gives the lucky investor a generous 7% cap rate at the full asking price. It also features 6 meters, a newly installed roof with updated and separate mechanicals. This will be delivered fully occupied and can be managed by the seller for a 10% property management fee. Proof of pre-approval and proof of funds will gain the buyer access to the exterior, common areas and one apartment. The remaining units will be shown once an offer has been accepted. No exceptions. Do not walk on the property and please do not disturb the tenants. Showing are by appointment only. Carriage house office is projected to rent at $2500 per month.

Last Agent to Sell the Property

Joseph Marchetta

Century 21 Papp Realty License #10401250227 Listed on: 01/11/2023

Last Buyer's Agent

Kimberly Iannotta

Coldwell Banker Advantage License #10401321265

Coldwell Banker Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,021

Year Built

  • Built in 1950

Lot Details

  • 7,730 Sq Ft Lot
  • Lot Dimensions are 30 x 30

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,150 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • 220 Volts
  • Individual Gas Meter

Community Details

  • 5 Units
  • Gross Income $152,700

Listing and Financial Details

  • Legal Lot and Block 0058 / 00611
  • Assessor Parcel Number 00611-0058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,021

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 5F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Lot Size: 30 x 30
  • Modification Timestamp: 2024-09-26
  • Directions: Louis St. off Victory Blvd to Sunrise Terrace to Trossach Rd
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Approx
  • Year Built: 1950
  • General Property Info:Public Remarks3: This rare, turn-key, legal 5 family in Grymes Hill sits on a corner lot size of 7,730 sq. ft. produces full market value rental rates. Your fully vacant detached garage/carriage house has the upstairs renovated home office you are looking for with an all-brick interior, complete with a newly installed heating/cooling split system, tile floors and glass partitions. This property's net income gives the lucky investor a generous 7% cap rate at the full asking price. It also features 6 meters, a newly installed roof with updated and separate mechanicals. This will be delivered fully occupied and can be managed by the seller for a 10% property management fee. Proof of pre-approval and proof of funds will gain the buyer access to the exterior, common areas and one apartment. The remaining units will be shown once an offer has been accepted. No exceptions. Do not walk on the property and please do not disturb the tenants. Showing are by appointment only. Carriage house office is projected to rent at $2500 per month.
  • ContractLocation Information:List PriceSqFt2: 627.44
  • General Property Info:Tax Abated: No
  • General Property Info:Irregular: Yes
  • General Property Info:Condition: Excellent
  • Income Expenses Gross Income: 152700.0
  • Annual Expenses: 25116.0
  • Income Expenses Net Income: 109188.0
  • General Property Info:Year Built Info: Approx
  • General Property Info Bldg Dimensions: 30 x 30
  • Special Features: None
  • Stories: 2
  • Year Built: 1950

Interior Features

  • General Property Info:Stories2: 2.0
  • General Property Info:Basement Type: Partial
  • Appliances:Total Number Refrigerators: 5
  • Appliances:Total Number Ranges: 5
  • General Property Info Basement Desc: Unfinished

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: On Street, Detached
  • Parking:On Street: Yes
  • Garage Location:Detached: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 5.0
  • General Property Info:Air Conditioner: Units
  • Sewer:City3: Yes
  • Heat Source:Gas2: Yes
  • Siding:Vinyl Siding: Yes
  • Heat System:Hot Water2: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes
  • General Property Info Cooling: No

Lot Info

  • Lot Size Sq Ft: 7730.0
  • Lot Size Units: Square Feet
  • Parcel #: 00611-0058
  • Zoning: C-5
  • ResoLotSizeUnits: SquareFeet
  • General Property Info:Lot Size SqFt: 7730.0
  • General Property Info:Lot Dim: 111 x 112

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 152700.0
  • Property Net Operating Income: 109188.0
  • Annual Operating Expense: 25116.0

Tax Info

  • Tax Annual Amount: 12021.28
  • Tax Block: 00611
  • Tax Lot: 0058
  • General Property Info:Taxes2: 12021.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Jul 10, 2023
Sold by
94Tr10304 Llc
Bought by
79 Taft Llc
Seller's Agent
Joseph Marchetta
Century 21 Papp Realty
Buyer's Agent
Kimberly Iannotta
Coldwell Banker Advantage
List Price
$1,240,000
Sold Price
$1,240,000
Current Estimated Value
$1,310,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,398
Avg. Annual Appreciation
2.89%
Original Mortgage
$179,857
Outstanding Balance
$176,023
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$1,139,712

Purchase Details

Closed on
Aug 23, 2021
Sold by
Ciccarelli Lynn and Spezio Roger
Bought by
94Tr10304 Llc

Purchase Details

Closed on
Jul 17, 2019
Sold by
Ciccarelli Lynn
Bought by
Spezio Roger and Spezio Kathleen

Purchase Details

Listed on
May 4, 2016
Closed on
Jul 11, 2017
Sold by
Adress Ira N and Adress Betsy D
Bought by
Ciccarelli Lynn
Seller's Agent
Elana Kapul
ICCM New York
Buyer's Agent
Joseph Marchetta
Century 21 Papp Realty
List Price
$849,000
Sold Price
$692,000
Premium/Discount to List
-$157,000
-18.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$623,250
Interest Rate
3.91%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 8, 2014
Closed on
Dec 23, 2014
Sold by
94 Trossach Rd Llc
Bought by
Andress Ira N and Adress Betsy D
Seller's Agent
Robert Coppolino
RE/MAX Elite
Buyer's Agent
Elana Kapul
Sun Properties of New York, In
List Price
$580,000
Sold Price
$580,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%

Purchase Details

Closed on
Aug 3, 2004
Sold by
Esposito Anthony
Bought by
94 Trossach Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2002
Sold by
Fricano Joseph
Bought by
Esposito Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2001
Sold by
Butera Charles J and Butera Jean M
Bought by
Fricano Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
79 Taft Llc $1,240,000 None Listed On Document
94Tr10304 Llc -- Stewart Title Insurance Co
Spezio Roger $346,122 Bentley Abstract
Ciccarelli Lynn $692,500 None Available
Andress Ira N $580,000 Old Republic National Title
94 Trossach Rd Llc $664,000 Hamilton Title Agency
Esposito Anthony $560,000 --
Fricano Joseph $330,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 79 Taft Llc $179,857
Previous Owner 90 Pa1 0302 Llc $150,000
Previous Owner 90 Pal 0302 Llc $150,000
Previous Owner Ciccarelli Lynn A $607,500
Previous Owner Ciccarelli Lynn $623,250
Previous Owner Ciccarelli Lynn $14,250
Previous Owner 94 Trossach Rd Llc $461,250
Previous Owner Esposito Anthony $590,000
Previous Owner Fricano Joseph $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $1,240,000 0.0% $577 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $1,240,000 +79.2% $577 / Sq Ft
07/17/2017 07/17/17 Sold $692,000 -18.5% $192 / Sq Ft
02/28/2017 02/28/17 Pending -- -- --
05/04/2016 05/04/16 For Sale $849,000 +46.4% $236 / Sq Ft
12/23/2014 12/23/14 Sold $580,000 0.0% $145 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $580,000 -- $145 / Sq Ft
Source: Staten Island Multiple Listing Service

Tax History Compared to Growth

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
2025 $14,787 $193,500 $52,536 $140,964
2024 $14,787 $161,100 $63,101 $97,999
2023 $14,055 $114,573 $65,519 $49,054
2022 $12,982 $188,100 $85,950 $102,150
2021 $12,053 $221,085 $85,950 $135,135
2020 $11,361 $214,650 $85,950 $128,700
2019 $8,698 $178,740 $85,950 $92,790
2018 $11,210 $88,133 $50,856 $37,277
2017 $10,381 $81,617 $49,805 $31,812
2016 $9,744 $75,583 $54,891 $20,692
2015 $9,200 $69,985 $61,037 $8,948
2014 $9,200 $69,985 $51,610 $18,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Staten Island Multiple Listing Service

MLS Number: 1154994

Staten Island Multiple Listing Service

APN: 00611-0058