Ariel Property Advisors is pleased to present a portfolio of sixteen (16) buildings and 177 units located in Staten Island. The buildings are located on Trantor Place between Walker Street and Dixon Avenue in the northern section of Staten Island. The portfolio unit mix consists of seventy one (71) two-bedroom and one-hundred and six (106) one-bedroom units. The portfolio is operating at approximately $21 per sq. ft. which offers investors tremendous rental upside. Moreover, approximately half of the units are leased at preferential rental rates which offers investors additional upside. Current management has applied for new J-51 tax abatements which should be effective January of 2015 and continue for subsequent 11 years. Additionally, the buildings are eligible for MCI increases for which the current owner has not filed. The properties are in close proximity to Route 440 which offers easy access to the Bayonne Bridge. The properties are also conveniently located to the Staten Island Expressway, providing access to the Goethals and Verrazano Bridges. The properties are just minutes away from the Bergen Point West Reach as well as Faber and Veteran Parks.
Single family investment opportunity available on the North Shore in the Stapleton neighborhood of Staten Island. This end-unit townhouse has 3 bedrooms, 3 bathrooms, living room with dining area, eat in kitchen with direct access to deck and yard, laundry hookups, forced air heating and cooling, driveway and garage. Leased for $1,700 monthly, tenants pay utilities. Building dimensions are 12x45 with stories plus full finished basement, the lot dimensions are 20x94 and the property was built in 2002.
Completely renovated center hall colonial in the heart of Westerleigh! This home boasts 4 bedrooms, 2 upgraded bathrooms, new eat in kitchen with stainless steel appliances plus cambria stone counter-tops and tiled backsplash with custom cabinets, Anderson windows and a full finished basement with wet bar! The owner is currently upgrading the outside of the house, installing an in-ground heated pool, PLUS MORE! (Sq. Ft. does NOT include approximately 840 Sq. Ft. finished basement). ROOM TO GROW!
2 unit investment property opportunity. Main unit is a duplex with 3 bedrooms, 2 bathrooms, living room and dining area, eat in kitchen with glass sliders to large patio, yard and parking plus a 4 piece stainless steel appliance package, a family room in the basement with a laundry room and attic for storage. Second unit has 1 bedroom, living/ dining room combination, full bathroom, kitchen with stainless steel appliances and baseboard heating. Both units are tenant occupied. Tenants pay utilities. $35,400 yearly rent roll. Real Estate taxes are $4,590 yearly. The building dimensions are 15x50 with 3 levels of living space. The lot dimensions are 25.66x100 offering yards at the front, side and rear of building. There is a carport for 2 cars located at back of lot, entry from Bloomingdale Road.
Mixed-use 4 unit corner building on Richmond Terrace & Bodine Street just 1 block from Clove Road in West Brighton. Features (2) recently updated 3 bedroom apartments with living room, eat in kitchen, full bathroom and hardwood floors plus (2) commercial units with approximately 850 sq. ft. each (front unit previously a deli and rear unit previously a Bar & Cabaret). Each unit has separate utilities. There is a full basement. Great exposure, plenty of upside w/ $62,400+ projected income. This property qualifies for FHA financing with 3.5% down payment. Seller is willing to assist with all closing costs.
This is a Lender Approved Short Sale at $190,000 meaning you can close immediately. Investment property being sold "as is" and subject to short sale approval terms. CASH ONLY! No financing offers will be considered. Located just minutes from SI Mall, Expressway, Bayonne & Goethals Bridges. Price reflect work needed! Being used as a 2 family, buyer to verify legal occupancy of the property. Building dimensions are 20x44 with 2 levels of living space plus a full unfinished basement with yard access. Lot dimensions are 23x100 offering a nice size yard for entertaining. Easy access! Make an offer today, won't last!
Hurricane Sandy damaged property in Fox Beach section of Oakwood. Being sold strictly "as is" with no representations, warranties or guarantees. Cash only! Subject to short sale approval.
Detached property in New Dorp, damaged by Hurricane Sandy. This house has been completely gutted and is only a shell. Mold is still active, visible on plywood and behind siding. Basement is flooded, possible water main damage. They' re approximately $75,000 in outstanding violations including illegal extension. This is a buildable lot, dimensions are 25x82 in R3X zoning. Property does not qualify for a mortgage, CASH ONLY! Being sold as is." Subject to Short Sale Approval. This property will be up for auction soon, all offers must be submitted at time of auction. Contact us for more information.
Prestigious "Nicolosi Drive" is a Exclusive Oceanfront Private Community, This spectacular builders own Estate was Truly Custom built. When its the builders own home, "Only the finest will do". If he didn't settle for less why would you !!! Situated on the finest 17,000 sq ft premier oversized corner lot which sits on Arbutus lake. Watch the wildlife and sunset with unparallel breathtaking view from the numerous balconies. A true feeling of resort-style living. This home features a grand two story entrance, 5 bedrooms 5 bathrooms, 7000 square feet of luxury. Spectacular oversized center-isle gourmet chef's kitchen, with 2 additional kitchens. One being the summer kitchen which overlooks the pool & lake. This is truly a must see !!!
2 family detached colonial in New Brighton just minutes from the St. George Ferry! Both units have 3 bedrooms, livingroom, full bath and eat in kitchen. This building needs TLC, possible full renovation but has plenty of potential. No financing, cash only. Being sold "as is" and "as occupied" with violations and outstanding water charges. Subject to short sale approval.