4-FAMILY! SEPARATE UTILITIES! COMMERCIAL OVERLAY! Great investment opportunity! Located in the desirable Dongan Hills community near the Staten Island Railroad, Dongan Hills Station. This 4 family building features 4 gas meters, 5 electric meters, 4 heating systems, and 4 domestic hot water heaters. Each of the four apartments have 2… Read More bedrooms, a living room, an eat-in kitchen and a full bathroom. The two front units are 980 sq ft and the two rear units are 1080 sq ft. The owner occupied first floor rear apartment has a separate sub-apartment in the basement with a kitchen, a full bathroom and a bedroom. There is the potential for expanding the two rear apartments to 3 bedrooms. There is a four car garage on the ground floor that could be converted for commercial business use. Each apartment (except the owner occupied unit which can be rented at the same rate) is currently rented at 2500 dollars/month. Net Operating Income calculates to a 5+ percentage CAP rate. In addition to the SIR, there are numerous local and express bus lines nearby (S78, S79, SIM1, SIM1C, SIM7, SIM10 and SIM11). Location is also convenient to the Hylan Blvd retail district. Recent Upgrades include: new roof coating (done annually), kitchen upgrades (first floor front unit & second floor front unit - 2023, first floor rear unit upgraded in 2015 and second floor rear unit in 2018), new hot water heaters (2023), new stucco exterior for added insulation, automatic garage door openers and a comprehensive security system (14 cameras). Read Less
Courtesy of Tom Crimmins Realty, Ltd..
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family
Beds
9
Full Baths
4
Square Ft.
3,840
Lot Size
0.08 Acres
Year Built
1931
MLS Number
2600609
30 Days Snapshot Of 10305
$670k
-9%
(avg) sold price
17
+54%
homes sold
148
+21%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1931, Building area total: 3,840, 2 stories, Construction materials: "Brick", "Stucco"
Cooling
"Units"
Garage
4 garage spaces
Heating
"Hot Water", "Natural Gas"
Income
Gross income: $132,000, Net operating income: $99,600
Lot
0.08 acres, 3,496 square feet, Area: 3,496
Parking
"Off Street"
Property
Zoning: R3-2 / C1
Sewer
"City"
Taxes
Tax annual amount: $22,942
Utilities
Electric: "110"
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