Staten Island Real Estate News, Advice & Information

Let’s take a look at some of the recent sales reported by New York City’s Department of Finance that took place in the North Shore neighborhood of Grymes Hill. If you’re unfamiliar with the neighborhood of Grymes Hill, is located just northeast of Sunnyside, with silver Lake on its northern side and Concord, southeastern side. Grymes Hill is the notorious is one of Staten Island’s more luxurious communities, however, there are some pockets of more affordable houses in the area.

From a luxury home standpoint, many of the homes in the area are of the older variety, featuring some of the best panoramic views that can be found in New York City. However, that’s not to say implicitly that no new construction exists on the Grymes Hill either. Consequently, in many cases, the area’s home prices are reflective of that fact. There is also a larger condominium complex that sits at the foot of Howard Avenue and Clove Road. Another series of co-ops exists on the Hill both on the Arlo Road and Seth Ct., and in this report will see some of the co-op sales. So let’s take a closer look at some of the home sales of note in the area.

Well, no seven-figure sales took place on Grymes Hill, there were two particular home sales that came quite close. Back in June, 114 Dongan Pl., a 2000+ square-foot home built in 1950 had a closing date price of $900,000. Not to mention the home sat on a large land parcel 12,000 ft.². Just down the road a bit, 262 Howard Ave., a 6000 ft.² Home on the most 11,000 ft.² of property, also have $900,000 sale price back in February. So they would get you largest priced home sales in the area.

There’s also quite a few co-op sales worth mentioning in this report. Three co-ops units were sold on Seth Ct. with 34 Seth Court selling back in August for $101,000, 42 Seth Ct. also close back in August for $135,900 and lastly 11 Seth Ct. close back in February for $115,000. The two condominium sales that took place located at the Howard Avenue complex was the sale of 550B Howard Avenue having the closing day price of $116,000 and 562B Howard Avenue settled up at $155,000 back in April of this year.

So there you have it, some highlights of the more notable sales in the area. However, if you’re looking for more home sale data on Staten Island, you can follow the corresponding link. I would also like to mention that home sales in this report may or may not be those listed and sold by licensed real estate brokers or their associates. All information in this report is derived from the latest release of publicly recorded and reported home sales issued monthly by the New York City Department of Finance. Below is a list of other home sales in the area and those with a sale price of N/A means the home was transferred on the closing day but without money considerations. If you’re looking to learn more about the neighborhood of Grymes Hill or if you’re interested seeing latest Grymes Hill Staten Island homes for sale by following the corresponding links. So, that’s what we have to today see you soon next Staten Island neighborhood real estate sales report.

Address/Property sq. ft./Interior sq. ft./Year Built/Sale Price/Sale Date
34A SETH COURT, 34A 10301 / 0 / 0 / 1951 / $101,000 / 8/24/2011
159 ARLO ROAD, B 10301 / 0 / 0 / 1951 / $105,000 / 8/12/2011
42 SETH COURT, B 10301 / 0 / 0 / 1951 / $135,900 / 8/8/2011
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So, let us take a look at some recent home sales in Princes Bay on Staten Island’s South Shore, as reported by New York City Department of Finance. If you’re unfamiliar with where Princes Bay actually sits on Staten Island, it’s just slightly southwest of the town Huguenot and just east Pleasant Plains. One of the popular residential developments in Princes Bay area, is Captains Quarters. It just so happens in this report is quite a number of home sales in the development. It’s also important to remind folks that Princes Bay, has a better than average number of luxury home developments, including the estates at Johanna Ln., consequently, higher-priced homes are more common in the Staten Island neighborhood.

So, let’s take a look at some of the more notable sales in the area. Taking the price cake in this report was the sale of 6 Terrace Lane, a single-family home measuring up at over thirty-five hundred square feet of interior living space had a sale price of $966,000 back in June. It was a more recently constructed house built in 2007, not to forget mentioning the house sat on over twelve thousand square feet of property. Pulling up just behind the Terrace Lane home sale on the price chart, was the sale of 115 Bayview Ave., A new construction home measuring up at just over twenty-two hundred square feet. The homes sold just slightly over $813,000.

In Captains Quarters Development there a few home sales of note. 621 Johnson Ter., Home the just sits on the Princes Bay Waterfront had a sale and a price of $475,000. Consequently, that wasn’t the highest priced sale In Captains Quarters Development, the sale of 54 Admiralty Loop, 1900+ square foot townhouse the closing day price tag of $480,000. With some of the home sale numbers with seeing in this development it’s understandable why we’re seeing healthy home values.

Below is a rundown of recent home sales in the Princes Bay community of Staten Island. Homes in this report are derived from the latest release of publicly recorded home sales by the New York City Department of Finance. The homes listed in this report may or may not be those listed and sold by licensed real estate brokers and/or their associated salespeople. Homes marked with the price of N/A means the home was transferred on the closing date without money considerations. For a complete rundown of area home sales or the latest real estate listings in the Princes Bay community could follow the associated links.

Address/Property sq. ft./Interior sq. ft./Year Built/Sale Price/Sale Date
182 UNCAS AVENUE 10309 / 11,671 / 4,200 / 1980 / $720,000 / 7/29/2011
54 ADMIRALTY LOOP / 10309 / 1,866 / 1,908 / 1988 / $480,000 / 7/27/2011
183 UNCAS AVENUE 10309 / 11,660 / 3,500 / 1985/ N/A / 7/27/2011
433 SEGUINE AVENUE 10309 / 8,456 / 2,152 / 10309 / 9,454 / 2,160 / 1899 / $0 / 7/18/2011
11 KNOX STREET 10309 / 5,152 / 2,464 / 1960 / $622,000 / 7/8/2011
46 BAYVIEW LANE 10309 / 5,510 / 3,000 / 1998 / $350,000 / 7/7/2011
34 SEGUINE LOOP 10309 / 2,500 / 2,568 / 1999 / $462,500 / 6/30/2011
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Well, it’s been a while, since we’ve last done some reports here on recent real estate sales across Staten Island. It seems at least at this point, we have cleaned up some of the technical issues involving the blog. But, here we are again ready to deliver a little insight into the recent home sales in the Annadale neighborhood of Staten Island. So Let’s highlight a few recent home sales of note. The more familiar with Staten Island, and Annadale is really divided up into two sections, which are southeast Annadale and Annadale proper. I was difficult to ascertain whether they are two separate incorporated towns, but, purposes a real estate it’s considered as such. The purposes of this report, Which Is derived from New York City Department of Finance public sales records it doesn’t deviate from the two. And when it comes to Staten Island higher-priced home sales, the town of southeast Annadale is no stranger to setting high-price watermarks across Staten Island.

Well let’s start off with highest home priced sale and Annadale, which is in the southeast Annadale section. Back in July, setting the high-price watermark is the sale of 6 Nicolosi loop. This home interior measured at over 7000 ft.² of interior floor space, and sat on more than 11,000 ft.² of land. Nicolosi loop is a sister street of Nicolosi drive, which is a prominent luxury home community on Staten Island South Shore. The next home sale is located in Annadale proper. However, unlike the luxury home community of Southeast Annadale this home only measured up at 1400 ft.². However, the homes rests on over 40,000 ft.² property. I’m pretty sure the intent to purchase the house at $1.1 million, had something to do with the construction of some new homes. Well, I can’t say for sure, but it’s not likely stone purchased a 40,000 ft.² of land associated with this house with the intent of building an Olympic-size swimming pool, pool, full-size basketball court and tennis center. But, who’s to say.

One little section of Annadale has defied everything about this real estate market is. The sale of 51 Barb St., Which is part of larger town home development just outside of the town’s commercial section, just hasn’t seemed to lose any ground in terms of value. The 1600 square-foot town home which was built in 2004, settled up at $410,000. The townhouse development is located on of course Barb Street and encompasses Endview Street and Lorraine Ave. What makes it so unusual, is that town homes of similar size usually don’t fare as well value wise, and rarely rise above the $400,000 price territory.

Below is a rundown of the recent home sales in the Annadale neighborhood of Staten Island, which was derived from the New York City Department of Finances recent release of publicly recorded rolling home sales across New York City. And for the purposes of this report, I must also tell you the homes listed in this report may or may not be those listed, marketed and sold by licensed real estate brokers or their associated salespeople. If a property is shown a price of N/A means, the property was transferred on the referring date but without money considerations. For a full rundown of home sales on Staten Island, you could follow the associated link. For homes for sale in Annadale or all other Staten Island homes you can do the same.

Address/ Property sq. ft./ Interior sq. ft. / year built/ Sale Price/ Sale date
One Family Homes

1094 ARDEN AVENUE 10312 / 4,200 / 1,536 / 1970/ $410,000 / 7/28/2011
58 JEANNETTE AVENUE 10312 / 2,490 / 2,250 / 2004 / $517,000 / 7/26/2011
82 BENNETT AVENUE 10312 / 3,911 / 2,320 / 2011 / $768,778 / 7/18/2011
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435 Coyle Street is located in Sheepshead Bay, Brooklyn.   This two-family home is quite a sight to see.   The Colonial-style brick house was recently given new windows and a new roof.   The large windows are in almost every room, enhancing the beauty of the house.   There are two spacious bedrooms in the home.   The master bedroom has a doorway to the lower backyard, which allows parking for two cars.   The large eat-in kitchen has much storage space and contains several appliances, including the island-high stove, which has a microwave above in the cabinets.   Across, you have the refrigerator, accompanied by a dishwasher.   A door in the kitchen leads to the deck, while a butler window leads to the formal dining room, which allows a table for six or more.   The living room is quite large and is fully mirrored on the wall opposite the entrance.   The half-bathroom is on the first floor, while the full bathroom is on the second.   There is also a three-quarter bathroom in the full basement.   This homes homes price is currently listed at $599,000.

There are several public and private schools, all less than a mile away from the home.   The public schools in the area are P.S. 194, P.S. 277, P.S. 52, and P.S. 254, which educate students from kindergarten to the fifth grade.   P.S. 206, however, educates from kindergarten through the eighth grade.   The intermediate schools in the area are Junior High School 14 and Junior High School 278.   A few other intermediate schools, a little more than a mile away, are also in the area.   Across the street from the home is Sheepshead Bay High School.   There is also Leon M Goldstein High School, which is not too far.   Once again, a few other high schools are located not too far from the home.   Less than half a mile away is Beachbrook School, a private school which specializes in Special Education.   The closest Catholic school is Good Shepherd School.   The other private schools, which are less than a mile from the home, are Yeshiva Gedolah Academy, Lev Bais Yaakov, and Yeshiva of Kings Bay.

When you drive or take public transportation, the Gerritsen Beach Library is about ten minutes away.   Walking would only take twice that amount of time.   Not too far from the home are several places to shop or eat.   The home is surrounded by several parks, with Yak Playground the closest.   Less than an hour away is Coney Island Beach and Boardwalk.   The B36 actually goes straight from Sheepshead Bay to Coney Island, stopping relatively close to the home on its way.   The B44, which travels from Sheepshead Bay to Williamsburg, is also near the home.   The BM3 express bus passes the home on its way to Downtown and Midtown.   The home is also near the B and Q subway platforms.   The B express subway runs from Brooklyn, through Manhattan, and into the Bronx.   The Q express subway runs from Brooklyn, through Manhattan, and into Queens.

When you walk up the single flight of stairs to 67 Vera Street, you™d be surprised with the immaculate two-bedroom Co-op.   The gleaming hardwood floors spread throughout the entire home, with the exception of the spare bedroom.   When you walk into the apartment, you will notice a beautiful galley kitchen to your left.   The kitchen includes your major appliances, as well as refinished cabinets above and below the countertop.   Walking a bit further, you will find a dinette and a spacious living room with sliding glass windows.   On your right is a closet, accompanied by a bathroom.   Next, you have the spare bedroom.   Even further is the master bedroom, which is accompanied by the master bathroom.   The master bathroom has been recently renovated with neutral-colored tiles which accentuate the rest of the room.   The home, as a whole, is very bright with many earth tones.   It™ll give you feeling as though you are living in New York City.

67 Vera Street is located in Dongan Hills, which is a neighborhood on the East Shore of Staten Island.   After World War II, Dongan Hills was one of the first neighborhoods on the island to have an abundance of new home construction.   At this time, many small-family homes were built.   With the completion of the Verrazano-Narrows Bridge, Staten Island and Brooklyn were linked.   This linking allowed Dongan Hills™ population to grow.   Just as the population grew, so did the shopping centers.

When it comes to buying a home, you want to be aware of your surroundings and make sure that you pick the right place.   In the vicinity is a plethora of shopping centers and restaurants, such as Staples, ShopRite, Goodfellas Brick Oven Pizza, and Fushimi Japanese Cuisine.   Just a short walking distance away from the home, you can visit Lee™s Tavern and check out their famous thin-crust pizza.   Likewise, if you™re in the mood for Chinese food, you can just walk to Hylan Boulevard and enjoy a good meal at Fortune Garden.

Just a short distance away from the co-op is Staten Island™s South Beach Boardwalk–the island™s best kept secret.   The 1.7 mile boardwalk has been restored, attracting families back to the beach.   During the summer months, you can enjoy the free concerts, and fireworks hosted there.   The boardwalk area is filled with playgrounds, checkerboard tables, bocce courts, shuffleboard courts, baseball fields and a park with sprinklers for children.   In addition to the boardwalk, you also have MacArthur Park, which has two baseball fields, a basketball court, a handball court, a playground, and an outdoor pool.

There is no shortage of transportation in the area.   The home is within walking distance of the Dongan Hills train station, which is located by Seaview Avenue and North Railroad Avenue.   In the opposite direction, you can go to Hylan Boulevard and take either the s78 anywhere between the Bricktown Mall and St. George, or the s79 anywhere from the Staten Island Mall and Bay Ridge in Brooklyn.   Nearby, you also have the s51, which travels to and from St. George and Grant City along Bay Street and Father Capodanno Boulevard, and the s52, which goes to and from St. George and Staten Island University Hospital along Tompkins Avenue.   Being so close to Staten Island University Hospital, the home is also great for current or aspiring Interns and Nurses.   Of course, if you need to get somewhere else, you can always transfer from one of the above buses to another, as many of the bus lines intersect each other.   There really is no need for a car when you live here.
 
With interest rates being at a record low, buying a home is possible. There is really no reason to pay rent on another place when buying this home is cheaper than renting.   You can own this home for approximately $1,300.00 a month.   This includes mortgage, tax insurance, water, and monthly maintenance.

Looking at the latest release of home sales in South Beach, Staten Island there was a few worth mentioning in the report. From a location standpoint South Beach is located slightly northeast of Midland Beach and borders the small community of Arrochar,   to the north. Over the last decade South Beach, Staten Island real estate scene had shifted. As prices skyrocketed in Brooklyn, many potential homebuyers turned to South Beach as an affordable alternative to the expense of home ownership just across the Verrazano Narrows Bridge.
 
 With that came a healthy demand, and that need was met with the construction of many new homes. As a matter of fact, it™s probably one of the most developed communities on Staten Island during the last decade.   The development wasn’t just in residential real estate, commercial property property was also developed in earnest, at the time. The New York City also invested a huge amount of capital into the South Beach boardwalks reconstruction, and major new capital projects.

Let™s look at some of the area’s home sales from the latest public release of property sales issued by the New York City Department of Finance. The highest recorded home sale that took place in the neighborhood happened on November,   8th 2010 at 201 Bionia Avenue. It took $725,000, to change hands at the closing table. The next highest sale that took place was located 60 Hickory Ave., which was a 2 family home measuring 2700+ square feet.
 
Below is a rundown of some of the other home sales publicly reported in the neighborhood by the New York City Department of Finance. It’s important to note that homes and property listed in this report may or may not be those marketed and sold by licensed real estate brokers or their associates. Homes listed with a sale price of N/A where those transferred on the closing date, but without money considerations.   You can see other publicly recorded Staten Island home sales by following the corresponding  link. (Photo Right, © South Beach Boardwalk)  

 Address /     Home square feet / Year Built / Sale Price / Closing date
 

 33 OCEAN AVENUE / 10305 / 2,376 / 1996 / $456,000 / 12/22/2010
 86 CAMERON AVENUE / 10305 / 960 / 1960 / $448,000 / 12/14/2010
 20 CAMERON AVENUE 10305 / 1,488 / 1925 / $460,000 / 12/9/2010
 251 KENSINGTON AVENUE 10305 / 2,000 / 2005 / N/A / 12/8/2010
 17 APPLEBY AVENUE   10305 / 1,640 / 1944 / N/A / 12/2/2010
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When it comes to Staten Island pricier real estate communities Richmondtown, Staten Island is defiantly no stranger to the luxury home segment. By the way, there needs to be a debate about whether the town is exactly 2 words or one. I frequently see it as two, Richmond Town. Being a lifelong Staten Islander I™m petty sure it™s one word¦ Richmondtown. Please feel free to shed some light on that fact.
 
The town is located on the southern foot of Lighthouse Hill, abutting the towns of Oakwood and New Dorp to its southeast. In this latest report on home sales in the area there were a few that nearly crossed seven figure territory. 273 Natick St. took the top sales number in the NYC Department of Finance’s latest report on home sales. The over 4000 Square foot home, built in 1965 sold for 999,000. The next highest price sale took place on 122 St. Andrews Road. The 11 year old 2600 plus square foot home took $905,000, for the seller to part ways with the home. St. Andrews Road, is a little section of Richmondtown that hides innocuously under the rustic setting that surrounds the area. If you’re in the market for a higher end home, and you just happen to be driving around the neighborhood scouting it™s not a place that is easily found.
 
Below is a rundown of home sale in the neighborhood of Richmondtown, with a few from Lighthouse Hill. The home sales shown in this report are those that were derived from the New York City Department of Finance™s latest public release of home and property sale data. Additionally, the homes and property listed here may or may not be those marketed and sold by licensed real estate brokers or their associates. For a rundown of homes for sale in Richmondtown or other area  real estate listings you can follow the corresponding links.  
 
    Address /     Home square feet / Year Built / Sale Price / Closing date

 93 AULTMAN AVENUE   10306 / 678 / 1915 / $260,000 / 12/9/2010
 122 ST ANDREW’S ROAD 10306 / 2,600 / 2000 / $905,000 / 12/6/2010
 47 HITCHCOCK AVENUE 10306 / 1,360 / 1965 / $395,000 / 11/30/2010
 163 ST GEORGE ROAD 10306 / 3,600 / 1987 / $802,500 / 11/23/2010 Read the rest of this entry »

March almost took a photo of February home sales data and handed it in to us¦ March saw 187 home sales take place that™s a small bump upward from February™s 183 residential units that sold. So, what do the numbers say about the market currently, not a whole lot. The not so good news is, Staten Island has seen fewer than 200 residential sales in all but three of the last twelve months. On the other hand, actual home sales seem to have reached a post homebuyer tax rebate equilibrium. Meaning home sales have not dipped or rose in any sustained trend in the last 8 months.
 
In the three months ahead it will really be a tell tale sign whether the Staten Island real estate market is, in fact, improving overall.   Painstakingly for many, waiting for some progress in home sales, is like watching oil paint dry on a humid summer day. As the post-tax rebate housing market settles in, there is little indication in some key fundamentals that you could garner a healthy sense of optimism yet.   Why? Of the key fundamentals, two are still weak, one is getting better and the other is a bit trickier.
 
First, unemployment remains the biggest hurdle the real estate market  faces. Slice it, dice it, or purée it, personal income supports housing. Every other factor is secondary. It™s quite simple, what do people usually pay a mortgage with? ¦Enough said. The good news is very slowly, things a getting better with unemployment. Under-employment is an issue as well. Today, the Wall Street Journal reported job growth reached a two year high.
         
Second is inflation, once the labor market improves interest rates will likely spike higher. That being said, rates remaining under 5 percent over the long term are like believing in the tooth fairy. Its good while it lasted, but it™s an event unlike we will see again, then again, who knows. History debates the theory that rates really have little impact on home sales. If it is the case, I™ll throw away the record book on the theory. A portion of many homeowner’s value rests in the interest rate, if you jack that up, someone has to pay, and it isn™t likely to be the buyers.
 
The wild card in the equation¦ A healthy sense of optimism in the economy. Quite frankly, while consumer sentiment is tabulated, its impact can be underestimated. It is quite simple, this may be the biggest issue with the broader economy and more importantly the housing market. However, things are improving slowly in that arena as well, as a sense cautious optimism is building. That in itself is much different when this whole thing came undone a couple of years back.
 
By the numbers¦

Total amount of home sales for the month of March was 187 units. (One and two family homes, including condos and co-ops)
 
The median home sale price for March home sales stood in at $380,000.

148 days was average days on the market it took to sell a home in March. Read the rest of this entry »