651 Leverett Ave - Apartments FOR SALE


Staten Island, NY 10312
$2,600,000 USD
347-466-1013
651 Leverett Ave, Staten Island, NY for Sale
$2,600,000 USD
Apartments - FOR SALE
1/6
null | 5% Cap Rate

651 Leverett Ave
Staten Island, NY 10312


OVERVIEW

Great Investment Opportunity! 1031 Exchange welcome! This turn key 10 Unit package consists of 5 separate 2-family dwellings. Avoiding Rent stabilization to produce maximum revenue 651-659 Leverett is meticulously run for hands off investors to turn positive cash flow with minimal effort. Current rent roll is 15k which can easily be turned to 24k+. Gross annual income 187K projected increase to 291k. All 1 bedroom units currently rented for below market (room for increase). All units have separate utilities billed to each apartment to keep down owner expenses. Units are tastefully upgraded with timeless designs to ensure quality as an everlasting priority. Rental increase and front parking lot can be utilized to forefront a cap rate increase as well as potential for laundry on site. Strategically located on the corner of Leverett Ave & Richmond Ave. Minutes from Eltingville Transit center which provides every local & express bus for easy transport. Across from Greenridge plaza , Country donuts, McDonalds, LA fitness & new ALDI Supermarket. Close to Costco Staten Island Mall , highway access to New Jersey/ NYC/Brooklyn. Create Generational wealth and watch your ROI increase exponentially for years to come.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

10

PRICE/UNIT

$260,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R3-2

APN/PARCEL ID

05609-0006

ASK ABOUT THIS PROPERTY

Monica GirgisDeFalco CommercialMore Info
347-466-1013

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Monica GirgisDeFalco CommercialMore Info
347-466-1013

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