1368 Clove Rd
6 Unit Apartment Building | $2,190,000 ($365,000/Unit) | 7.12% Cap Rate | Staten Island, NY 10301
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,190,000
- Property Type
-
Multifamily
- Square Feet
- 5,148 SF
Listing Contacts
Angelo Pappalardo
Verified Profile
- Property Info
Property Overview
Attention investors! Pick up this 6 unit mixed use building at just under a 5% CAP rate! Basement is being utilized as office suites (legal as per NYC dept of buildings). First level was formerly comprised of 2 residential apartments (1- 1 bedroom unit and 1-2 bedrooms unit), which has been reconfigured as medical office space. Second level is comprised of 1 residential 2 bedroom unit potentially being used as office space and 1 residential 1 bedroom unit. Sellers have preliminary approval to convert 1st floor to community facility for medical office use. 3 of 6 units currently leased with 2% increases built in, Potential gross annual income is $156,000. Gross annual expenses $42,000. NOI is potentially $114,000. Located minutes from restaurants, express and local buses and shopping.
Property Details
- Year Built
- 1964
- Stories
- 3
- Property Subtype
- Office/Residential
- Lot Size (sq. ft)
- 5,227 SF
- Units
- 6
Highlights
- High Traffic Location
- Medical offices
Nearby Properties
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