1368 -1372 Clove Road, Staten Island, NY 10301

Property Description

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