About 1131 Forest Ave

Calling all investors!'The possibilities are endless with this investment property. This new construction, all brick and masonry building, has poured concrete decks, fire/sprinkler system and energy efficient HVAC units. This luxury building contains 6 individual condos each with their own tax lot. Investors can individually rent or sell the units since they are stand-alone units. Units on the first floor have 2 bedrooms, 2.5 baths and a finished basement. 2nd and 3rd floor condos have 2 bedrooms, 2 bathrooms and their own huge storage room in the rear basement (access through parking lot). Each unit has open concept living space, quartz countertop kitchens with peninsulas, as well as their own washer/dryer hookups, central air and heat and outdoor private balcony space. There is a parking lot for 9 cars. Units can be sold furnished or unfurnished depending on the buyer's preferences. Gross income around $180,000 annually, net approximately $143,000.

Facts & Features

Street No. 1131
Street Name Forest
County Richmond
City Staten Island
State NY
Zip Code 10310
Area Name West Brighton
Parcel ID 00235-0058
List Price $2,900,000
Sub Type Six Family
Zoning R3 -2
Block 00235
Lot 0058
Stories 3
Year Built 2022
Taxes $26,518
Lot Size SQFT 11,285
Lot DIM 61x185
Building Sq Ft 8700
# of Units 6
Basement Type Full
# of Heating Units 6
Air Conditioner Central
# of A/C Units 6
Unit 1: Level 1
Unit 1: # Rooms 5
Unit 1: # Bedrooms 2
Unit 1: # Baths 3
Unit 1: Rent/Month 2500
Unit 2: Level 1
Unit 2: # Rooms 5
Unit 2: # Bedrooms 2
Unit 2: # Baths 3
Unit 2: Rent/Month 2500
Unit 3: Level 2
Unit 3: # Rooms 5
Unit 3: # Bedrooms 2
Unit 3: # Baths 2
Unit 3: Rent/Month 2500
Unit 4: Level 2
Unit 4: # Rooms 5
Unit 4: # Bedrooms 2
Unit 4: # Baths 2
Unit 5: Level 3
Unit 5: # Rooms 5
Unit 5: # Bedrooms 2
Unit 5: # Baths 2
Unit 6: Level 3
Unit 6: # Rooms 5
Unit 6: # Bedrooms 2
Unit 6: # Baths 2
Electric Meters Individual
Gas meters Individual
Sewer City
Electric 220
Gross Income $180,000
Total Expense $30,118
Net Income $149,882
Parking Assigned
Siding AllBrick
Extras Laundry, Storage
Heat Source Gas
Heat System ForcedAir

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Listing Office: Berkshire Hathaway HomeServices Cangiano Estates