1368-1372 Clove Road

Sunnyside

$1,799,888
Price
6
Beds
4
Baths
5,148 Sq. Ft.
$350 / Sq. Ft.
5,148
Sq. Ft.
$350
per Sq. Ft.

Description

Attention Investors! Pick up this 6 united mixed use building at just under a 5% CAP rate! Basement is being utilized as office suites (legal as per NYS Dept of Buildings) First level was formerly comprised of 2 residential apartments (1-1 bedroom unit and 1-2 bedroom 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...Attention Investors! Pick up this 6 united mixed use building at just under a 5% CAP rate! Basement is being utilized as office suites (legal as per NYS Dept of Buildings) First level was formerly comprised of 2 residential apartments (1-1 bedroom unit and 1-2 bedroom 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 used. 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 for 1368-1372 Clove Road

Parking
Assigned, On Street
Area Name
Sunnyside
Zoning
R3X
LISTING UPDATED: 10/21/2024 03:28 PM

Property Details for 1368-1372 Clove Road

StatusActive
MLS ID2402836
Days on Market192
Taxes$20,360 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1964
Lot Size5,247 SF
CountyRichmond County

Building Information for 1368-1372 Clove Road

Stories3Residences4Year Built1964Building Size-Lot Size5,247 SFBuilding Age-Building Type-

Property Information for 1368-1372 Clove Road

Summary
Location and General Information
  • Absolute Longitude: 74
  • Directions: Clove Rd between Sunnyside Terr and Shoharie St
  • Section: North Shore
Parking
  • Garage Location: None
  • Garage Capacity: 0.0
Taxes and HOA Information
  • Tax Abated: No
Property
Lot Information
  • Block: 00655
  • Lot: 0015
  • Lot Dim: 63 x 83
  • Parcel ID: 00655-0015
Property and Assessments
  • CofO: Yes
  • Condition: Excellent
  • Irregular: Yes
  • Property Group ID: 19990816212116581394000000
  • Year Built Info: Approx
Utilities
  • Cooling: No
  • Electric: 220
  • Electric Meters: Mixed
  • Gas Meters: Master
  • Sewer: City
Interior and Exterior Features
Interior Features
  • # of A/C Units: 0
  • Air Conditioner: Units
  • Appliances: Total # Ranges: 4
  • Basement Desc: Legal Apt.
  • Basement Type: Full
  • Full Baths: 4
  • Heat Source: Gas
  • Heat System: Hot Water
  • No. of Heating Units: 2
  • Total Baths: 7.00
Exterior Features
  • Bldg. Dimensions: 39.5 x 44
  • Siding: Brick, Stucco
Multi Family
Multi-Family Information
  • Income & Expenses: Gross Income: $156,000.00
  • Income & Expenses: Net Income: $114,000.00
  • Income & Expenses: Total Expense: $42,000.00
Unit 1
  • Unit 1: # Baths: 1
  • Unit 1: # Bedrooms: 2
  • Unit 1: # Rooms: 6
  • Unit 1: Level: 0
  • Unit 1: Rent/Month: $2,500.00
Unit 2
  • Unit 2: # Baths: 2
  • Unit 2: # Bedrooms: 3
  • Unit 2: # Rooms: 6
  • Unit 2: Level: 0
  • Unit 2: Rent/Month: $2,500.00
Unit 3
  • Unit 3: # Baths: 1
  • Unit 3: # Bedrooms: 1
  • Unit 3: # Rooms: 5
  • Unit 3: Level: 1
  • Unit 3: Rent/Month: $2,250.00
Unit 4
  • Unit 4: # Baths: 1
  • Unit 4: # Bedrooms: 2
  • Unit 4: # Rooms: 5
  • Unit 4: Level: 1
  • Unit 4: Rent/Month: $2,250.00
Unit 5
  • Unit 5: # Baths: 1
  • Unit 5: # Bedrooms: 2
  • Unit 5: # Rooms: 5
  • Unit 5: Level: 2
  • Unit 5: Rent/Month: $2,000.00
Unit 6
  • Unit 6: # Baths: 1
  • Unit 6: # Bedrooms: 1
  • Unit 6: # Rooms: 4
  • Unit 6: Level: 2
  • Unit 6: Rent/Month: $1,600.00
Rental
Rental Information
  • Rent Control # of Units: 0
  • Rent Stabilized # Units: 0

Property History for 1368-1372 Clove Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1368-1372 Clove Road

This home is within New York City Geographic District #31.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
P.S. 35 The Clove Valley School
PublicK to 5

Is 27 Anning S Prall
Public6 to 8

Curtis High School
Public9 to 12

The Michael J Petrides School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1368-1372 Clove Road is a multi-family home for sale in Sunnyside. This property was listed for sale on May 9, 2024 by Century 21 Papp Realty, it's currently listed at $1,799,888. This listing's school district is New York City Geographic District #31. Nearby schools include P.S. 35 The Clove Valley School, Is 27 Anning S Prall and Curtis High School. 1368-1372 Clove Road is a 6-bed, 4-bath, 5,148 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Papp Realty

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