About 1368 -1372 Clove Road
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. https://www.dos.ny.gov/licensing/docs/FairHousingNoticenew.pdf
Features of 1368 -1372 Clove Road
| MLS® # | 2402836 |
|---|---|
| Price | $1,799,888 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 5,148 |
| Acres | 0.12 |
| Year Built | 1964 |
| Type | Residential Income |
| Sub-Type | 6F |
| Status | Closed |
Community Information
| Address | 1368 -1372 Clove Road |
|---|---|
| Area | Sunnyside |
| City | Staten Island |
| County | Richmond |
| State | NY |
| Zip Code | 10301 |
Amenities
| Parking | Assigned, On Street |
|---|---|
| Has Pool | No |
Interior
| Heating | Hot Water, Natural Gas |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Brick, Stucco |
|---|---|
| Construction | Brick, Stucco |
Additional Information
| Date Listed | May 9th, 2024 |
|---|---|
| Days on Market | 532 |
| Zoning | R3X |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Papp Realty |
|---|