38 Arthur Avenue

South Beach

$1,039,000
Price
5
Beds
3
Baths
1,523 Sq. Ft.
$682 / Sq. Ft.
1,523
Sq. Ft.
$682
per Sq. Ft.

Description

Seize this PRIME investment opportunity with a well-maintained legal3-family house, with 3 detached garages on 40X100 lot in zone R3-1, in thedesirable Arrochar neighborhood of Staten Island. Tenants are operatingbelow-market rents with room to improve and increase the current CAP. Perfect for a 1031 exchange or enhancing your investment portfolio, thisproperty is strategically located near schools, shopping centers, andtransportation, just minutes from the Verrazano Bridge. Tenants willappreciate...Seize this PRIME investment opportunity with a well-maintained legal3-family house, with 3 detached garages on 40X100 lot in zone R3-1, in thedesirable Arrochar neighborhood of Staten Island. Tenants are operatingbelow-market rents with room to improve and increase the current CAP. Perfect for a 1031 exchange or enhancing your investment portfolio, thisproperty is strategically located near schools, shopping centers, andtransportation, just minutes from the Verrazano Bridge. Tenants willappreciate the convenience, ensuring high demand. This fully rentedproperty boasts reliable long-term tenants, comprising one one-bedroom andtwo two-bedroom units, each with full bathrooms. Modern amenities includethree separate heating systems, three NEW water heaters, three gas andfour electric meters, enhancing tenant satisfaction and operationalefficiency. With a solid rental income of almost $7,000/month and very lowmonthly expenses. Real Estate Tax below $5,000. This investment promisesattractive returns and substantial upside potential, as current leases aresignificantly below market value. Act now to capitalize on thisexceptional offering! P&L is available upon request. Please note that theCertificate of Occupancy, dated 2008, reflects a legal three-familydwelling with 3 detached garages. Building has no violations and properlyregistered. Showings are by private appointments only. Please do notdisturb tenants.

Property Details for 38 Arthur Avenue

Parking
Carport
Area Name
Arrochar
Zoning
R3-1
LISTING UPDATED: 10/04/2024 10:23 AM

Property Details for 38 Arthur Avenue

StatusActive
MLS ID2403218
Days on Market122
Taxes$4,746 / year
Maintenance-
Min. Down Pymt-
Total Rooms11.0
Compass TypeTownhouse
MLS TypeMultiFamily
Year Built1920
Lot Size4,054 SF / 41' x 100'
CountyRichmond County

Building

38 Arthur Ave

2 Units2 StoriesBuilt in 1920

Building Information for 38 Arthur Avenue

Stories2Residences2Year Built1920Building Size15' x 40'Building Sq. Ft1,200 SFLot Size4,054 SF / 41' x 100'Building Age-Building Type-

Property Information for 38 Arthur Avenue

Summary
Location and General Information
  • Absolute Longitude: 74
  • Directions: gps
  • Section: Mid-Island
Parking
  • Garage Location: Detached
  • Garage Capacity: 3.0
Taxes and HOA Information
  • Tax Abated: No
Property
Lot Information
  • Block: 03108
  • Lot: 0051
  • Lot Dim: 40.5x100
  • Parcel ID: 03108-0051
Property and Assessments
  • CofO: Yes
  • Condition: Good
  • Irregular: No
  • Property Group ID: 19990816212116581394000000
  • Year Built Info: Approx
Utilities
  • Cooling: No
  • Electric: 220
  • Electric Meters: Individual
  • Gas Meters: Individual
  • Sewer: City
Interior and Exterior Features
Interior Features
  • # of A/C Units: 3
  • Air Conditioner: Units
  • Basement Desc: Legal Apt.
  • Basement Type: Full
  • Full Baths: 3
  • Heat Source: Gas
  • Heat System: Hot Water
  • No. of Heating Units: 3
  • Total Baths: 3.00
Exterior Features
  • Bldg. Dimensions: 15x40
  • Siding: Vinyl Siding
Multi Family
Multi-Family Information
  • Income & Expenses: Gross Income: $.00
  • Income & Expenses: Net Income: $.00
  • Income & Expenses: Total Expense: $.00
Unit 1
  • Unit 1: # Baths: 1
  • Unit 1: # Bedrooms: 1
  • Unit 1: # Rooms: 3
  • Unit 1: Level: 1
  • Unit 1: Rent/Month: $1,850.00
Unit 2
  • Unit 2: # Baths: 1
  • Unit 2: # Bedrooms: 2
  • Unit 2: # Rooms: 5
  • Unit 2: Level: 2
  • Unit 2: Rent/Month: $1,850.00
Unit 3
  • Unit 3: # Baths: 1
  • Unit 3: # Bedrooms: 2
  • Unit 3: # Rooms: 5
  • Unit 3: Level: 3
  • Unit 3: Rent/Month: $1,990.00
Unit 4
  • Unit 4: Rent/Month: $1,125.00

Property History for 38 Arthur Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

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

Public Records for 38 Arthur Avenue

Taxable ValueLand$13,620Additions$28,020Total$41,640
Home Facts
Total Finished SqFt1,523 SqFtLot Size4,054 SqFtYear Built1920ZoningR3-1APN5031080051

Schools near 38 Arthur Avenue

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 5
Rating
School
Distance
P.S. 39 Francis J Murphy Jr
PublicK to 5

Is 49 Bertha A Dreyfus
Public6 to 8

Curtis High School
Public9 to 12

Naples Street Elementary School
PublicPK to 5

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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Similar Sold Homes

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38 Arthur Avenue is a townhouse for sale in South Beach. This property was listed for sale on June 5, 2024 by Amerihomes Realty of NY, Inc., it's currently listed at $1,039,000. It has been on the market for a total of 122 days and was last sold on January 12, 2015. This listing's school district is New York City Geographic District #31. Nearby schools include P.S. 39 Francis J Murphy Jr, Is 49 Bertha A Dreyfus and Curtis High School. 38 Arthur Avenue is a 5-bed, 3-bath, 1,523 sqft townhouse built in 1920.

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 Amerihomes Realty of NY, Inc.

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