9-11 St Marks Place

St. George

$1,000,000
Last Sold Price
10
Beds
5
Baths
1
1/2 Bath
5,390 Sq. Ft.
$186 / Sq. Ft.
5,390
Sq. Ft.
$186
per Sq. Ft.

Description

Opportunity awaits. 9-11 Saint Marks Place is your chance to establish passive income. This 19th-century beauty is sprawling with old-world charm-12 foot ceilings, original woodwork and is a total cash cow! This home is situated on almost 9,000 square feet and generates (gross income) $83,550 annually. Expenses are only $27,496.72 annually - netting the current landlord $56,053.28 annually. Potential for a 6.9% cap rate if rents are raised to fair-market value. This home is located in an ''Opportunity...Opportunity awaits. 9-11 Saint Marks Place is your chance to establish passive income. This 19th-century beauty is sprawling with old-world charm-12 foot ceilings, original woodwork and is a total cash cow! This home is situated on almost 9,000 square feet and generates (gross income) $83,550 annually. Expenses are only $27,496.72 annually - netting the current landlord $56,053.28 annually. Potential for a 6.9% cap rate if rents are raised to fair-market value. This home is located in an ''Opportunity Zone'' - great for the ''1031-ers''! Your chance to own a home in the prestigious neighborhood of St. George is here. Invest now while this area is being developed, and you will be glad you did! Call for an appointment to take a tour today.

Listing Agent

Amenities

  • Private Yard
  • Common Garden
  • Common Outdoor Space
  • Exposed Brick
  • Decorative Fireplace
  • Fireplace
  • Decorative Mouldings
  • Built-Ins

Location

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LISTING UPDATED: 02/16/2022 08:17 PM

Property Details for 9-11 St Marks Place

StatusSold
Days on Market34
Taxes$962 / month
Maintenance-
Min. Down Pymt-
Total Rooms5.5
Compass TypeMulti Family
MLS Type-
Year Built1872
Lot Size8,772 SF
CountyRichmond County

Location

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Building Information for 9-11 St Marks Place

Stories3Residences4Year Built1872Building Size45' x 32'Building Sq. Ft4,320 SFLot Size8,772 SFBuilding Age-Building Type-

Payment Calculator

$6,419 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$962

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 9-11 St Marks Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 9-11 St Marks Place

This home is within New York City Geographic District #31.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - 6 to 8
Rating
School
Distance
Fort Hill Collaborative Elementary
PublicPK to 5

P.S. 74 Future Leaders Elementary School
PublicPK to 5

P.S. 16 John J Driscoll
PublicPK to 5

Is 61 William A Morris
Public6 to 8

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.

Similar Homes

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Similar Sold Homes

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