1936 Richmond Terrace

Port Richmond

$2,499,000
Last Sold Price
Beds
6,440 Sq. Ft.
$388 / Sq. Ft.
6,440
Sq. Ft.
$388
per Sq. Ft.

Description

6 Building mixed use package. 4 commercial spaces and 9 residential apartments, private parking lot, and huge storage shed. $250,500 Gross rent roll. Expenses $88,015. Net Operating income of $162,485 Current rents are well below market. Currently a 6.2 cap rate. Could easily be higher.6 Building mixed use package. 4 commercial spaces and 9 residential apartments, private parking lot, and huge storage shed. $250,500 Gross rent roll. Expenses $88,015. Net Operating income of $162,485 Current rents are well below market. Currently a 6.2 cap rate. Could easily be higher.

Property Details for 1936 Richmond Terrace

Parking
Assigned, Carport
Area Name
Port Richmond
Zoning
C2-1

Location

Listing Courtesy of Prime Time Real Estate, Inc.

Sold By Prime Time Real Estate, Inc.

Add your commute
LISTING UPDATED: 05/17/2023 12:07 PM

Property Details for 1936 Richmond Terrace

StatusSold
MLS ID1149196
Days on Market185
Taxes$55,100 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass Type-
MLS Type-
Year Built1931
Lot Size20,000 SF / 28' x 131'
CountyRichmond County

Building

1936 Richmond Ter

4 Units3 StoriesBuilt in 1931

Location

Listing Courtesy of Prime Time Real Estate, Inc.

Sold By Prime Time Real Estate, Inc.

Add your commute

Building Information for 1936 Richmond Terrace

Stories3Residences4Year Built1931Lot Size20,000 SF / 28' x 131'Building Age-Building Type-

Payment Calculator

$18,230 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,638

Property Taxes

$4,592

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1936 Richmond Terrace

Summary
Location and General Information
  • Absolute Longitude: 74
  • Directions: Clove Road to Richmond Terrace
  • Section: North Shore
Parking
  • Garage Capacity: 2.0
Taxes and HOA Information
  • Tax Abated: No
Property
Lot Information
  • Block: 1008
  • Lot: 37
  • Lot Dim: 100x200
  • Parcel ID: 1008-37
Property and Assessments
  • CofO: No
  • Condition: Excellent
  • Irregular: Yes
  • Property Group ID: 19990816212116581394000000
  • Year Built Info: Approx
Utilities
  • Cooling: Yes
  • Electric: 220
  • Electric Meters: Individual, Mixed
  • Gas Meters: Individual, Mixed
  • Sewer: City
Interior and Exterior Features
Interior Features
  • # of A/C Units: 4
  • Air Conditioner: Units
  • Basement Desc: Unfinished
  • Basement Type: Partial
  • Heat Source: Gas
  • Heat System: Forced Air
  • No. of Heating Units: 4
Exterior Features
  • Bldg. Dimensions: 28x112
  • Siding: Brick
Multi Family
Multi-Family Information
  • Income & Expenses: Gross Income: $250,500.00
  • Income & Expenses: Net Income: $162,485.00
  • Income & Expenses: Total Expense: $88,015.00
Unit 1
  • Unit 1: # Baths: 1
  • Unit 1: # Bedrooms: 2
  • Unit 1: # Rooms: 5
  • Unit 1: Level: 2
  • Unit 1: Rent/Month: $1,500.00
Unit 2
  • Unit 2: # Baths: 1
  • Unit 2: # Bedrooms: 2
  • Unit 2: # Rooms: 5
  • Unit 2: Level: 2
  • Unit 2: Rent/Month: $1,200.00
Unit 3
  • Unit 3: # Baths: 1
  • Unit 3: # Bedrooms: 2
  • Unit 3: # Rooms: 5
  • Unit 3: Level: 3
  • Unit 3: Rent/Month: $1,175.00
Unit 4
  • Unit 4: # Baths: 1
  • Unit 4: # Bedrooms: 2
  • Unit 4: # Rooms: 5
  • Unit 4: Level: 3
  • Unit 4: Rent/Month: $1,150.00
Unit 5
  • Unit 5: # Baths: 1
  • Unit 5: # Bedrooms: 3
  • Unit 5: # Rooms: 6
  • Unit 5: Level: 2
  • Unit 5: Rent/Month: $1,250.00
Unit 6
  • Unit 6: # Baths: 1
  • Unit 6: # Bedrooms: 3
  • Unit 6: # Rooms: 6
  • Unit 6: Level: 2
  • Unit 6: Rent/Month: $1,300.00
Unit 7
  • Unit 7: # Baths: 1
  • Unit 7: # Bedrooms: 3
  • Unit 7: # Rooms: 6
  • Unit 7: Level: 1
Unit 8
  • Unit 8: # Baths: 1
  • Unit 8: # Bedrooms: 3
  • Unit 8: # Rooms: 6
  • Unit 8: Level: 2
  • Unit 8: Rent/Month: $1,950.00
Rental
Rental Information
  • Rent Control # of Units: 0
  • Rent Stabilized # Units: 0

Property History for 1936 Richmond Terrace

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1936 Richmond Terrace

Taxable ValueLand$45,900Additions$119,700Total$165,600
Tax Record2021$20,314 ($1,693 / month) Tax Class2ATax Rate12.267%
Home Facts
Total Finished SqFt6,440 SqFtLot Size3,866 SqFtYear Built1931ZoningR4APN5010080037

Schools near 1936 Richmond Terrace

This home is within New York City Geographic District #31.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
P.S. 20 Port Richmond
PublicK to 5

Is 51 Edwin Markham
Public6 to 8

Susan E Wagner High School
Public9 to 12

The Michael J Petrides School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Listing Courtesy of Prime Time Real Estate, Inc.

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