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$ 1,350,000
Est. payment | /mo
10 Beds
4 Baths
6,156 SqFt
$ 1,350,000
Est. payment | /mo
10 Beds
4 Baths
6,156 SqFt
Key Details
Property Type Multi-Family
Sub Type 4F
Listing Status Active
Purchase Type For Sale
Square Footage 6,156 sqft
Price per Sqft $219
MLS Listing ID 2502668
Bedrooms 10
Full Baths 4
Year Built 1931
Annual Tax Amount $8,800
Lot Size 5,000 Sqft
Acres 0.11
Lot Dimensions 38x54
Property Sub-Type 4F
Source Staten Island Multiple Listing Service
Property Description
This investment property presents a compelling opportunity for real estate investors, particularly those considering a 1031 exchange.
Property Overview
Type: 4-family residence with 2 commercial spaces and a detached garage.
Condition: Sold AS IS, with existing tenants in place.
CASH OFFERS ONLY.
Potential Rental Income
Three-bedroom units: 2,800-3,000/month.
Two-bedroom units: 2,300-2,500/month.
Commercial spaces: 1,500-1,800/month each.
1031 Exchange Considerations
This property qualifies for a 1031 exchange, allowing investors to defer capital gains taxes by reinvesting the proceeds into a like-kind property within specific timelines. The IRS mandates that the replacement property be identified within 45 days and acquired within 180 days of the sale. Both the relinquished and replacement properties must be held for investment or business purposes to qualify. Needs 24 hour notice for showings.
Property Overview
Type: 4-family residence with 2 commercial spaces and a detached garage.
Condition: Sold AS IS, with existing tenants in place.
CASH OFFERS ONLY.
Potential Rental Income
Three-bedroom units: 2,800-3,000/month.
Two-bedroom units: 2,300-2,500/month.
Commercial spaces: 1,500-1,800/month each.
1031 Exchange Considerations
This property qualifies for a 1031 exchange, allowing investors to defer capital gains taxes by reinvesting the proceeds into a like-kind property within specific timelines. The IRS mandates that the replacement property be identified within 45 days and acquired within 180 days of the sale. Both the relinquished and replacement properties must be held for investment or business purposes to qualify. Needs 24 hour notice for showings.
Location
State NY
County Richmond
Area West Brighton
Zoning R-3A
Interior
Heating Hot Water, Natural Gas
Exterior
Parking Features Off Street, Detached
Garage Spaces 1.0
Total Parking Spaces 1
Building
Building Description Stucco, Cable
Sewer City
Structure Type Stucco
New Construction No
Others
Tax ID 00180-0011
Virtual Tour https://app.doaudiotours.com/unbranded?id=9467&lang=en-US
Listed ByNeuhaus Realty, Inc.
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Frank Esposito
Agent