22
See all 22 photos
$2,000,000
Est. payment /mo
12 Beds
7 Baths
3,780 SqFt
New
76 Grove AVE Staten Island, NY 10302
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $529
MLS Listing ID 503384
Bedrooms 12
Full Baths 7
Year Built 1987
Annual Tax Amount $8,625
Property Sub-Type Multi-Family
Property Description
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 8% cap rate, excellent rent roll, and an ideal opportunity for investors or a 1031 exchange buyer. GOI 176,400, AOE $22,000, NOI $150,000. 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. Well-maintained, turnkey investment property offering strong cash flow in a desirable Port Richmond location.
Location
State NY
County Staten Island
Area Port Richmond
Zoning C-2
Rooms
Basement Other
Interior
Hot Water Gas
Heating Gas
Flooring Other
Heat Source Gas
Exterior
Exterior Feature Aluminum Siding, Brick
Amenities Available Resident Superintendent, Secure Lobby
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by DiTommaso Real Estate
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