Prime Multi-Family Investment Opportunity! Discover an exceptional investment opportunity with this updated multi-family property in the New Brighton neighborhood of Staten Island. Featuring four units in excellent condition: Two (3) bedroom units and two (2) bedroom units. Each unit is individually metered, offering convenience and efficiency for tenants. Situated on… Read More a street-to-street lot, this property was renovated in 2022, ensuring modern amenities and quality finishes throughout. Key highlights: four units in excellent condition, individually metered units, value-add potential, includes two additional rental garages, providing an attractive value-add opportunity for increased revenue. Street-to-Street Property, Butler Terrace to Brighton Ave with an impressive return: Gross income is 149,000+ with a Net Operating Income (NOI) exceeding 120,000 annually, this property promises strong cash flow and a solid return on investment. Read Less
Courtesy of American Homes Group.
Listing Snapshot
Days Online
180
Last Updated
Property Type
Single Family
Beds
10
Full Baths
4
Square Ft.
4,224
Lot Size
0.18 Acres
Year Built
1901
MLS Number
2406641
30 Days Snapshot Of 10301
$813k
+7%
(avg) sold price
14
+7%
homes sold
158
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1901, Building area total: 4,224, 2 stories, Construction materials: "Stucco"
Expenses
Operating expense: $25,325
Garage
4 garage spaces
Heating
"Hot Water", "Natural Gas"
Income
Gross income: $149,820, Net operating income: $124,495
Lot
0.18 acres, 7,695 square feet, Area: 7,695
Parking
"Off Street", "Detached"
Property
Zoning: R3-2
Sewer
"City"
Taxes
Tax annual amount: $10,325
Utilities
Electric: "220 Volts"
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