NOT LISTED FOR SALE

Estimated Value: $964,000 - $1,530,000

-- Bed
-- Bath
5,332 Sq Ft
$232/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $990,000 $186 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,793/month

101 Days on Market

Highlights

  • 0.31 Acre Lot
  • Hot Water Baseboard Heater
  • 2-minute walk to Lt. Lia Playground
  • Cooling Available

About This Home

As of August 2021

Attention investors : Tremendous Opportunity, 4 Large and Legal units in St George, minutes from the ferry and convenient to shopping, restaurants the city and so much more. Classic large apartment look and feel, 228 St Marks features (2) 2 Bedroom Units and (2) 3 Bedroom 7 room duplex apartments, featuring high ceilings, hardwood floors throughout, extra large rooms and great potential. 3 Bedroom units have large bay windows that overlook the water and feature city views. Each unit is individually metered for utilities. Huge potential cash flow generator - all free market rents, 2 vacant apartments provide ample opportunity for investor or end user who is seeking to have their rent cover the mortgage.

Last Listed By

Francis Rizzo

Cornerstone Realty License #10311205734 Listed on: 03/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,981

Year Built

  • Built in 1910

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 48x40

Parking

  • On-Street Parking

Home Design

  • Stucco

Interior Spaces

  • 5,332 Sq Ft Home
  • 3-Story Property

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • 220 Volts
  • Individual Gas Meter

Community Details

  • 4 Units
  • Gross Income $84,300

Listing and Financial Details

  • Legal Lot and Block 0075 / 00021
  • Assessor Parcel Number 00021-0075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,981

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: 4F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.31
  • Lot Size: 48x40
  • Modification Timestamp: 2024-09-26
  • Directions: St Marks between Wall Street and Hamilton Avenue
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Approx
  • Year Built: 1910
  • General Property Info:Public Remarks3: Attention investors : Tremendous Opportunity, 4 Large and Legal units in St George, minutes from the ferry and convenient to shopping, restaurants the city and so much more. Classic large apartment look and feel, 228 St Marks features (2) 2 Bedroom Units and (2) 3 Bedroom 7 room duplex apartments, featuring high ceilings, hardwood floors throughout, extra large rooms and great potential. 3 Bedroom units have large bay windows that overlook the water and feature city views. Each unit is individually metered for utilities. Huge potential cash flow generator - all free market rents, 2 vacant apartments provide ample opportunity for investor or end user who is seeking to have their rent cover the mortgage.
  • ContractLocation Information:List PriceSqFt2: 187.53
  • General Property Info:Tax Abated: No
  • General Property Info:Condition: Good
  • Income Expenses Gross Income: 84300.0
  • Annual Expenses: 22351.0
  • Income Expenses Net Income: 61949.0
  • General Property Info:Year Built Info: Approx
  • General Property Info Bldg Dimensions: 48x40
  • Special Features: None
  • Stories: 3
  • Year Built: 1910

Interior Features

  • General Property Info:Stories2: 3.0
  • General Property Info:Basement Type: Full
  • Appliances:Total Number Refrigerators: 4
  • Appliances:Total Number Ranges: 4
  • General Property Info Basement Desc: Finished

Exterior Features

  • Construction Type: Stucco
  • Siding:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking:On Street: Yes
  • Garage Location:None4: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 4.0
  • General Property Info:Air Conditioner: Units
  • Sewer:City3: Yes
  • Heat Source:Gas2: Yes
  • Heat System:Hot Water2: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes
  • General Property Info Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 13590.0
  • Lot Size Units: Square Feet
  • Parcel #: 00021-0075
  • Zoning: R-3A
  • ResoLotSizeUnits: SquareFeet
  • General Property Info:Lot Size SqFt: 13590.0
  • General Property Info:Lot Dim: 90x151

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 84300.0
  • Property Net Operating Income: 61949.0
  • Annual Operating Expense: 22351.0

Tax Info

  • Tax Annual Amount: 9981.0
  • Tax Block: 00021
  • Tax Lot: 0075
  • General Property Info:Taxes2: 9981.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
Aug 20, 2021
Sold by
Chiapperino Angelo and Caroline Chiapperino Revocable
Bought by
228 St Marks Realty Llc
Seller's Agent
Francis Rizzo
Cornerstone Realty
Buyer's Agent
Francis Rizzo
Cornerstone Realty
List Price
$999,900
Sold Price
$990,000
Premium/Discount to List
-$9,900
-0.99%
Total Days on Market
101
Current Estimated Value
$1,235,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,935
Avg. Annual Appreciation
6.47%

Purchase Details

Closed on
Dec 5, 2016
Sold by
Delafield Ave Association Llc
Bought by
Gunaratna Dilrukshi

Purchase Details

Closed on
Nov 2, 2007
Sold by
Chiapperino Caroline
Bought by
Chiapperino Caroline and Caroline Chiapperino Revocable

Purchase Details

Closed on
Sep 6, 2007
Sold by
Chiapperino Caroline
Bought by
Chiapperino Caroline

Purchase Details

Closed on
Feb 8, 1995
Sold by
Chiapperino Angelo and Chiapperino Caroline
Bought by
Chiapperino Angelo

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
228 St Marks Realty Llc $990,000 Title Search Report
Gunaratna Dilrukshi $679,000 None Available
Chiapperino Caroline -- None Available
Chiapperino Caroline -- None Available
Chiapperino Angelo -- Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $990,000 -1.0% $186 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $999,900 0.0% $188 / Sq Ft
03/01/2017 03/01/17 Rented $2,200 -4.3% --
01/30/2017 01/30/17 Under Contract -- -- --
11/18/2016 11/18/16 For Rent $2,300 -- --
Source: Staten Island Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,722 $78,900 $15,263 $63,637
2023 $10,228 $50,362 $14,411 $35,951
2022 $10,054 $69,120 $22,560 $46,560
2021 $10,518 $57,240 $22,560 $34,680
2020 $9,981 $61,860 $22,560 $39,300
2019 $9,306 $60,000 $22,560 $37,440
2018 $8,555 $41,968 $17,690 $24,278
2017 $8,555 $41,968 $21,616 $20,352
2016 $8,326 $41,650 $18,231 $23,419
2015 $7,114 $39,294 $13,056 $26,238
2014 $7,114 $37,070 $13,586 $23,484
Source: Public Records

Agents Affiliated with this Home

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Source: Staten Island Multiple Listing Service

MLS Number: 1144504

Staten Island Multiple Listing Service

APN: 00021-0075