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Image 1 - 1368 Clove Rd, New York, 10301 - House for sale
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Home For Sale In Staten Island, New York
1368 Clove Rd, New York, 10301

Home For Sale In Staten Island, New York

house for sale
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Listed: 05/21/24

1368 Clove Rd, New York, 10301

Studio Bed:
4 Bath:
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Price
$ 2M

About This House

: 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. NOIis potentially$114, 000.Located minutes from restaurants, express and local buses and shopping.

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Sunnyside Housing & Living

Household Income

Median household income: $63,799
Number of households: 3,2M
The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.