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$ 5,200,000
Est. payment /mo
Price Dropped by $400K
20 Court ST Staten Island, NY 10304
16 Baths
24,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,800 sqft
Price per Sqft $209
MLS Listing ID 494514
Style Other
Full Baths 16
Year Built 1947
Annual Tax Amount $62,554
Property Sub-Type Multi-Family
Property Description
This package deal includes two garden apartment buildings with a total of 24 units: one building has 16 units, and the other has 8 units. There is a total of 14 garages, with 10 built-in and 4 detached. The total square footage of the buildings is 31,250 square feet (24,800 square feet for the 16-unit building and 6,450 square feet for the 8-unit building). Both buildings are constructed of brick and feature large apartments with hardwood floors throughout. There are total (8 one bdr, 13 two bdr and 3 three bdr) apartments and are in an excellent condition. The current rent roll for the buildings is 751,068, generating a positive cash flow of 535,418. This indicates a capitalization rate (cap rate) exceeding 10 pct, which suggests a strong return on investment. Income and expenses breakdown available upon request.
Location
State NY
County Staten Island
Area Stapleton
Zoning R3-2
Rooms
Basement Other
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Pitched
Handicap Access No
Building
Story 2
Foundation Block
Others
Energy Description Gas
Financing Bank Mortgage,Cash
Listed by Robert Defalco Realty