651 Leverett Ave
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651 Leverett Ave
10 Unit Block of Flats £2,067,759 (£206,776/Unit) 5% Net Initial Yield Staten Island, NY 10312
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£149,423
|
£25.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£149,423
|
£25.94
|
| Taxes |
£31,631
|
£5.49
|
| Operating Expenses |
£12,826
|
£2.23
|
| Total Expenses |
£44,458
|
£7.72
|
| Net Operating Income |
£104,965
|
£18.22
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £149,423 |
| Annual Per SF | £25.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £149,423 |
| Annual Per SF | £25.94 |
| Taxes | |
|---|---|
| Annual | £31,631 |
| Annual Per SF | £5.49 |
| Operating Expenses | |
|---|---|
| Annual | £12,826 |
| Annual Per SF | £2.23 |
| Total Expenses | |
|---|---|
| Annual | £44,458 |
| Annual Per SF | £7.72 |
| Net Operating Income | |
|---|---|
| Annual | £104,965 |
| Annual Per SF | £18.22 |
PROPERTY FACTS
| Price | £2,067,759 | Apartment Style | Townhome |
| Price Per Unit | £206,776 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Net Initial Yield | 5% | Building Size | 5,760 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | £2,067,759 |
| Price Per Unit | £206,776 |
| Sale Type | Investment |
| Net Initial Yield | 5% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,760 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1975 |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 05609-0006 | Total Assessment | £324,241 (2024) |
| Land Assessment | £9,952 (2024) | Annual Taxes | £31,631 (£5.49/sf) |
| Improvements Assessment | £314,288 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
05609-0006
Land Assessment
£9,952 (2024)
Improvements Assessment
£314,288 (2024)
Total Assessment
£324,241 (2024)
Annual Taxes
£31,631 (£5.49/sf)
Tax Year
2023
ZONING
| Zoning Code | R3-2 |
| R3-2 |
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651 Leverett Ave
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