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$ 1,600,000
Est. payment | /mo
10 Beds
5 Baths
3,700 SqFt
$ 1,600,000
Est. payment | /mo
10 Beds
5 Baths
3,700 SqFt
Key Details
Property Type Multi-Family
Sub Type 4F
Listing Status Active
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $432
MLS Listing ID 2501496
Bedrooms 10
Full Baths 5
Year Built 1931
Annual Tax Amount $6,696
Lot Size 5,100 Sqft
Acres 0.12
Lot Dimensions 50x22
Property Sub-Type 4F
Source Staten Island Multiple Listing Service
Property Description
I am pleased to present an opportunity to acquire 238 York Avenue, a multifamily asset that generates stable income, situated in Staten Island's North Shore. This market is rapidly evolving and benefiting from significant public and private infrastructure investments.
The property features a 6.61 in-place cap rate and a 7.37 pro-forma cap rate, which ensures robust cash flow from the start, along with potential for future appreciation. Investors have the opportunity to enhance NOI and maximize returns through operational efficiencies and incremental rent adjustments.
The property features a 6.61 in-place cap rate and a 7.37 pro-forma cap rate, which ensures robust cash flow from the start, along with potential for future appreciation. Investors have the opportunity to enhance NOI and maximize returns through operational efficiencies and incremental rent adjustments.
Location
State NY
County Richmond
Area New Brighton
Zoning R2
Interior
Heating Forced Air, Natural Gas
Exterior
Parking Features Off Street
Garage Spaces 2.0
Total Parking Spaces 2
Building
Sewer City
Structure Type Brick
New Construction No
Others
Tax ID 00052-0070
Virtual Tour https://app.doaudiotours.com/unbranded?id=7990&lang=en-US
Listed ByOzana Realty Group
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DiTommaso Real Estate
Broker