$1,350,000

Estimated payment $8,125/month

Total Views 3,361
10 Beds
4 Baths
6,156 Sq Ft
$219 Price per Sq Ft

Highlights

  • 1 Car Detached Garage
  • Eat-In Kitchen
  • Hot Water Baseboard Heater
  • Susan E Wagner High School Rated A-
  • Living Room

About This Home

This investment property presents a compelling opportunity for real estate investors, particularly those considering a 1031 exchange.Property OverviewType: 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 IncomeThree-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 ConsiderationsThis 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.

Listing Agent

David Rivera

Neuhaus Realty, Inc. License #10301214372 Listed on: 05/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,800

Year Built

  • Built in 1931

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 38x54

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Stucco

Interior Spaces

  • 6,156 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • 220 Volts
  • Individual Gas Meter
  • Cable TV Available

Community Details

  • 6 Units
  • Gross Income $61,140

Listing and Financial Details

  • Legal Lot and Block 0011 / 00180
  • Assessor Parcel Number 00180-0011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,800

Year Built

Built in 1931

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: 4F
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Lot Size: 38x54
  • Modification Timestamp: 2025-06-19
  • Directions: Forest avenue to Broadway
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Approx
  • Year Built: 1931
  • General Property Info:Public Remarks3: 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.
  • ContractLocation Information:List PriceSqFt2: 219.3
  • General Property Info:Tax Abated: No
  • General Property Info:Condition: Fair
  • Income Expenses Gross Income: 61140.0
  • Annual Expenses: 16000.0
  • Income Expenses Net Income: 45140.0
  • General Property Info:Year Built Info: Approx
  • General Property Info Bldg Dimensions: 38x54
  • Special Features: VirtualTour
  • Stories: 3
  • Year Built: 1931

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • General Property Info:Stories2: 3.0
  • General Property Info:Basement Type: None
  • Kitchen:Eat In: Yes
  • Main Bath:Full Bath: Yes
  • Living Room:Separate2: Yes
  • Appliances:Total Number Refrigerators: 4
  • Appliances:Total Number Ranges: 4
  • General Property Info Basement Desc: None

Exterior Features

  • Construction Type: Stucco
  • Siding:Stucco: Yes
  • General Property Info Pool YN2: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street, Detached
  • Parking:Off Street: Yes
  • Garage Location:Detached: Yes

Utilities

  • Green Building Features: Cable
  • Cooling Y N: No
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: City
  • General Property Info:No of Heating Units: 4.0
  • General Property Info:Air Conditioner: None
  • Sewer:City3: Yes
  • Heat Source:Gas2: Yes
  • Heat System:Hot Water2: Yes
  • Electric Meters:Individual: Yes
  • Gas Meters:Individual2: Yes
  • Extras:Cable3: Yes
  • General Property Info Cooling: No

Lot Info

  • Lot Size Sq Ft: 5000.0
  • Lot Size Units: Square Feet
  • Parcel #: 00180-0011
  • Zoning: R-3A
  • General Property Info:Lot Size SqFt: 5000.0
  • General Property Info:Lot Dim: 50x100

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 61140.0
  • Property Net Operating Income: 45140.0
  • Annual Operating Expense: 16000.0

Tax Info

  • Tax Annual Amount: 8800.0
  • Tax Block: 00180
  • Tax Lot: 0011
  • General Property Info:Taxes2: 8800.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2025 05/10/25 For Sale $1,350,000 -- $219 / Sq Ft
Source: Staten Island Multiple Listing Service

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Source: Staten Island Multiple Listing Service

MLS Number: 2502668

Staten Island Multiple Listing Service