Listing Courtesy of: Monica Girgis - Robert DeFalco Realty, Inc.
718-987-7900
$2,400,000
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290 N Railroad Ave Staten Island, NY 10304
Income
Residence
1
Beds
7
Baths
3,040
Sq. Ft.
0.17
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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290 North Railroad Ave presents an exceptional investment opportunity with 7 meticulously maintained units, consisting of 6 studios and 1 one-bedroom apartment. Located just steps from Hylan Blvd, this full brick building benefits from easy access to public transportation, including bus services and... the ferry, making it not only deal for commuters but ensuring occupancy for years to come. Each apartment has been recently renovated, showcasing modern finishes and thoughtful layouts. All units have separate utilities, which have been updated to ensure efficiency and tenant comfort.Currently generating a monthly gross income of 11K, there's substantial potential to increase this to 18K, providing an impressive opportunity for investors. With the potential to enhance the cap rate to 8.5, this property is not rent-stabilized, allowing for greater flexibility in management and rental rates. Don't miss the chance to invest in this prime real estate opportunity in a thriving area with unmatched growth potential. Contact us today for more details or to schedule a viewing!
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MLS#
2405710
Property Type
Income
Bedrooms
1
Bathrooms
7 Full
Year Built
1975
Square Feet
3,040
sq. ft
Price per Sq. Ft.
$789.47
Lot Size
0.17
Sewer
City Sewer
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