651-659 Leverett Avenue

Eltingville

$2,600,000
Price
10
Beds
10
Baths
5,760 Sq. Ft.
$451 / Sq. Ft.
5,760
Sq. Ft.
$451
per Sq. Ft.

Description

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...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.

Property Details for 651-659 Leverett Avenue

Parking
Off Street
Area Name
Arden Heights
Zoning
R3-2
LISTING UPDATED: 10/10/2024 12:10 PM

Property Details for 651-659 Leverett Avenue

StatusActive
MLS ID2405699
Days on Market7
Taxes$39,773 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1975
Lot Size9,999 SF
CountyRichmond County

Building Information for 651-659 Leverett Avenue

Stories2Residences10Year Built1975Building Size-Lot Size9,999 SFBuilding Age-Building Type-

Property Information for 651-659 Leverett Avenue

Summary
Location and General Information
  • Absolute Longitude: 74
  • Directions: PLEASE USE GPS FOR DIRECTIONS.
  • Section: South Shore
Parking
  • Garage Location: None
  • Garage Capacity: 0.0
Taxes and HOA Information
  • Tax Abated: No
Property
Lot Information
  • Block: 05609
  • Lot: 0006
  • Lot Dim: 100 X 100
  • Parcel ID: 05609-0006
Property and Assessments
  • CofO: Yes
  • Condition: Excellent
  • Irregular: No
  • Property Group ID: 19990816212116581394000000
  • Year Built Info: Approx
Utilities
  • Cooling: Yes
  • Electric: 110
  • Electric Meters: Individual
  • Gas Meters: Individual
  • Sewer: City
Interior and Exterior Features
Interior Features
  • Air Conditioner: Units
  • Basement Desc: Partially Finished
  • Basement Type: Full
  • Full Baths: 10
  • Heat Source: Gas
  • Heat System: Forced Air
  • No. of Heating Units: 10
  • Total Baths: 10.00
Exterior Features
  • Bldg. Dimensions: 80 X 36
  • Siding: Brick, Wood Siding
Multi Family
Multi-Family Information
  • Income & Expenses: Gross Income: $187,884.00
  • Income & Expenses: Net Income: $131,983.00
  • Income & Expenses: Total Expense: $55,901.00
Unit 1
  • Unit 1: # Baths: 1
  • Unit 1: # Bedrooms: 1
  • Unit 1: # Rooms: 3
  • Unit 1: Level: 1
  • Unit 1: Rent/Month: $1,200.00
Unit 2
  • Unit 2: # Baths: 1
  • Unit 2: # Bedrooms: 1
  • Unit 2: # Rooms: 3
  • Unit 2: Level: 2
  • Unit 2: Rent/Month: $1,475.00
Unit 3
  • Unit 3: # Baths: 1
  • Unit 3: # Bedrooms: 1
  • Unit 3: # Rooms: 3
  • Unit 3: Level: 1
  • Unit 3: Rent/Month: $2,484.00
Unit 4
  • Unit 4: # Baths: 1
  • Unit 4: # Bedrooms: 1
  • Unit 4: # Rooms: 3
  • Unit 4: Level: 2
  • Unit 4: Rent/Month: $2,484.00
Unit 5
  • Unit 5: # Baths: 1
  • Unit 5: # Bedrooms: 1
  • Unit 5: # Rooms: 3
  • Unit 5: Level: 1
  • Unit 5: Rent/Month: $1,375.00
Unit 6
  • Unit 6: # Baths: 1
  • Unit 6: # Bedrooms: 1
  • Unit 6: # Rooms: 3
  • Unit 6: Level: 2
  • Unit 6: Rent/Month: $1,400.00
Unit 7
  • Unit 7: # Baths: 1
  • Unit 7: # Bedrooms: 1
  • Unit 7: # Rooms: 3
  • Unit 7: Level: 1
  • Unit 7: Rent/Month: $1,360.00
Unit 8
  • Unit 8: # Baths: 1
  • Unit 8: # Bedrooms: 1
  • Unit 8: # Rooms: 3
  • Unit 8: Level: 2
  • Unit 8: Rent/Month: $1,265.00

Property History for 651-659 Leverett Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 651-659 Leverett Avenue

This home is within New York City Geographic District #31.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 42 Eltingville
PublicPK to 5

Is 7 Elias Bernstein
Public6 to 8

Tottenville High School
Public9 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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Similar Sold Homes

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651-659 Leverett Avenue is a multi-family home for sale in Eltingville. This property was listed for sale on October 10, 2024 by Robert DeFalco Realty, Inc., it's currently listed at $2,600,000. This listing's school district is New York City Geographic District #31. Nearby schools include P.S. 42 Eltingville, Is 7 Elias Bernstein and Tottenville High School. 651-659 Leverett Avenue is a 10-bed, 10-bath, 5,760 sqft multi-family home built in 1975.

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 Robert DeFalco Realty, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.