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$ 1,860,000
Est. payment /mo
Active
76 Grove Ave Staten Island, NY 10302-1317
13 Beds
7 Baths
3,780 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $492
Bedrooms 13
Full Baths 7
Lot Size 4,450 Sqft
Property Description
76 Grove Ave, Staten Island, NY 10302. Exceptional Investment Opportunity - Port Richmond Detached six-family income-producing building in the heart of Port Richmond featuring 12 bedrooms, 7 bathrooms, a basement storage area, on-site property manager's quarters, and 4 off street parking spaces. A standout investment with a strong cap rate, excellent rent roll, with minim 5% annual rent increase and an ideal opportunity for investors or a 1031 exchange buyer. Built in 1987, the property is exempt from New York City's Rent Stabilization Law and Lead Paint Law. Recent improvements include updated plumbing and electric systems. Tenants pay their own heat and hot water, helping reduce owner expenses. Additional features: Gas piping inspection completed in 2025 (required every 3 years). Current bed bug filing submitted. No HPD or Department of Buildings violations. 24 Hour Security. Equipped with automatic light exit signs, large skylight on the top floor to bring sun and light, also equipped with automatic exhaust fan on top floor attic to reduce the heat in the summer. In addition to a finished office in the basement with a full bathroom. Well-maintained, turnkey investment property offering strong cash flow in a desirable Port Richmond location. All offers with LOI proof of fund and attorney information. All information is deemed reliable. Subject to E & O. Seller will entertain all reasonable offers. Show more
Location
State NY
County Richmond
Listed by Christine DeHart • Salmon Real Estate Powered by Real
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