520 Bloomingdale Rd, Staten Island

GREAT INVESTMENT OPPORTUNITY.** 2 FAMILY DETACHED HOMECORNER PROPERTY ON SHARROTTS AND BLOOMINGDALE ROAD CURRENTLY BEING USED AS PROFESSIONAL SPACE.WITH 3 TENANTS THAT PAY ON TIME EVERY MONTH.THE BUILDING HAS 3 SEPARATE ELECTRIC METERS, 3 SEPARATE GAS METERS AND TENANTS PAY THEIR OWN UTILITIES, EXCEPT FOR WATER.THE ROOF IS 2 YEARS OLD AND ALL OF THE UNITS ARE IN GOOD CONDITION.CENTRAL AIR AND FORCED HEAT THROUGHOUT.Rents: All renters are over 15 years or longer.Taxes: $6,051.25 per quarterInsurance: $2,000.00 per yearWater: Aprox $180.00 per quarterTotal Income: $76,800.00Total Expense: $26.925.00Income after Expenses: $49,875.00Roof is 2 years old.Fantastic Tenants Rents are paid 1st of every monthExtremely Low Maintenance Building07 NYC Tax Code (Professional Building)New Leases Being Issued as of January 1, 2023Starting January 1,20233 YEAR LEASES WITH THE FOLLOWING INCREASES1st Floor: (Pediatrician) $2,600.00 Year 1.2nd Floor: (Speech Therapy) $2.100.00 Year 1.Bottom Level: (Physical Therapy) $1,700.00 Year 1.Years 2 & 3 the rent increases $100.00 per month.That is an increase of $1,200.00 per year per tenant.

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