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    74 Cedar Ter Staten Island, NY 10304

    Sponsored
    For Sale
    $1,200,000

    Luxury 2-unit building, modern finishes.

    Property size:
    2,837 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-unit apartment building, constructed in 2022, presents a lucrative investment opportunity in the desirable Grymes Hill neighborhood of Staten Island, NY. Boasting a total of 2,837 square feet on a 4,875 square foot lot (37.5 x 130), this property features high-quality construction with a striking stone and stucco exterior. The main house offers a spacious layout including a living room, dining room, family room, eat-in kitchen with island and stainless steel appliances, a half bath, and sliders leading to a serene backyard. Upstairs, you'll find a master bedroom with a private 3/4 bath, two additional bedrooms, a full bath, and laundry facilities. Hardwood floors grace the entire main house. A ground-floor, one-bedroom walk-out apartment with a modern kitchen and full bath adds to the rental income potential. Additional features include a sprinkler system, high hats, porcelain tiles, a custom fireplace, iron railing, radiant heat, an attached garage, and a large driveway. The property is conveniently located minutes from the Verrazano Bridge, offering easy access to other boroughs. Property taxes are to be determined upon Certificate of Occupancy issuance. This property is zoned R3 A. The APN is 00627-0010. This is a turnkey investment ready for immediate income generation. The asking price is $1,200,000.

    Property Features for 74 Cedar Ter

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,837 SF

    Building Details

    Year Built
    2022
    Units
    2

    HighLights

    • Brand new, high‑quality construction 2‑family home in Grymes Hill, Staten Island.
    • Convenient location minutes from the Verrazano Bridge.
    • Features stone and stucco exterior, sprinkler system, high hats, porcelain tile, custom fireplace, iron railing, and radiant heat.
    • Offers 4 bedrooms and 4 baths; main house includes hardwood floors, eat‑in kitchen with stainless steel appliances, and a serene backyard.
    • Includes a ground‑floor, one‑bedroom walk‑out apartment with a modern kitchen and full bath, attached garage, and large driveway.
    • Lot size: 37.5 x 130 feet; house size: 2,837 square feet. Zoned R3A; APN: 00627‑0010. Taxes to be determined upon Certificate of Occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.0892628
    Latitude
    40.613279

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 2-unit building, modern finishes.
    Where is this multifamily property located?
    The property is located at 74 Cedar Ter Staten Island, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Brand new, high-quality construction 2-family home in Grymes Hill, Staten Island.; Convenient location minutes from the Verrazano Bridge.; Features stone and stucco exterior, sprinkler system, high hats, porcelain tile, custom fireplace, iron railing, and radiant heat.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    74 Cedar Ter Staten Island, NY 10304
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