Trusted Property Management & Real Estate Services Across New York City

82 Olympia Boulevard, Staten Island, NY 10305 (MLS# 1125758)

Explore available properties for sale and rent across New York City.

82 Olympia Boulevard, Staten Island, NY 10305

$1,033,000
Property Type: MultiFamily Square Footage: 2,856 Lot Size (sq. ft.): 6,688 Status: Closed
Current Price: $1,033,000 List Date: 3/23/2019 Last Modified: 9/26/2024

Overview

Description

A very rare multi- family residence in the desirable are of Arrochar. Situated on a generous corner lot that boasts 6688 sq. ft. in size, you are able to maximize and take full advantage of the rent generated from the additional storage space/containers bringing in an additional $450.00 per month with very little effort. Park your investment money here and receive a cap rate of 6.6% while having all of your rental units at full market value generating $6775 monthly, totaling $90,900 annually before expenses. You have an additional 1428 sq. ft of a partially finished basement with a separate entrance from the rear of the property. 5 gas meters, 5 electric meters. All this and you still manage to have a shared yard space for entertaining. 3 out of 4 units have been recently renovated.Showi

Supplements: of any units will be decided upon the seriousness and urgency of the buyer. Please do not enter the property without prior permission from the Listing Agent and please do not disturb any of the tenants. Seller is willing to provide financing and is hearing all reasonable offers.

Listing Details MLS# 1125758

AddressLegal

Street No.
82
Street Name
Olympia
Street Suffix
Boulevard
County
Richmond
State
NY
Zip Code
10305
Area Name
Arrochar
Parcel ID
03404-0011

ContractLocation Information

Marketing/Listing Date
2019-01-26
Sub-Type
Quadruplex
Zoning
R3-X
Block
03404
Lot
0011

General Property Info

Stories
2
3/4 Baths
4
Year Built
1931
Year Built Info
Approx
Taxes
5605
Tax Abated
No
Lot Size SqFt
6688
Lot Dim
76 x 88
Irregular
Yes
Building SqFt
2856
# Units
4
No. of Heating Units
4
Air Conditioner
None
Public Remarks
A very rare multi- family residence in the desirable are of Arrochar. Situated on a generous corner lot that boasts 6688 sq. ft. in size, you are able to maximize and take full advantage of the rent generated from the additional storage space/containers bringing in an additional $450.00 per month with very little effort. Park your investment money here and receive a cap rate of 6.6% while having all of your rental units at full market value generating $6775 monthly, totaling $90,900 annually before expenses. You have an additional 1428 sq. ft of a partially finished basement with a separate entrance from the rear of the property. 5 gas meters, 5 electric meters. All this and you still manage to have a shared yard space for entertaining. 3 out of 4 units have been recently renovated.Showi

Status Change Info

Pending Date
2019-06-26
Sold Date
2019-09-13
Projected Close Date
2019-09-13

Unit 1

Unit 1 - Level
Yes
Unit 1 - Rent/Month
1750
Unit 1 - # Rooms
4
Unit 1 - # Bedrooms
2
Unit 1 - # Baths
Yes

Unit 2

Unit 2 - Level
2
Unit 2 - # Rooms
4
Unit 2 - # Bedrooms
2

More Information

Unit 3

Unit 3 - Level
Yes
Unit 3 - Rent/Month
1650
Unit 3 - # Rooms
4
Unit 3 - # Bedrooms
2
Unit 3 - # Baths
Yes

Unit 4

Unit 4 - Level
2
Unit 4 - Rent/Month
1500
Unit 4 - # Rooms
4
Unit 4 - # Bedrooms
2
Unit 4 - # Baths
Yes

Appliances

Total # Ranges
4
Total # Refrigerators
4

Address/Legal

Section
Mid-Island

Contract/Location Information

List Price/SqFt
419.82
CofO
No
List Type
Exclusive Right To Sell
Owner Finance
Yes

Sewer

Public Sewer
Yes

Income & Expenses

Gross Income
90900
Net Income
79395
Total Expense
11505

Electric

220
Yes

Heat Source

Natural Gas
Yes

Heat System

Hot Water
Yes

Electric Meters

Individual
Yes

Gas Meters

Individual
Yes

Basement

Full
Yes
Unfinished
Yes

Parking

Off Street
Yes

Garage Location

None
Yes

Siding

Vinyl Siding
Yes

Extras

Cable
Yes
Storage
Yes

Property Condition

Excellent
Yes

Property Features

Electric Meters: Individual Gas Meters: Individual Sewer: Public Sewer Electric: 220 Basement: Full; Unfinished Parking: Off Street Garage Location: None Siding: Vinyl Siding Extras: Cable; Storage Heat Source: Natural Gas Heat System: Hot Water Property Condition: Excellent
Listing Courtesy of Century 21 Papp Realty
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.