$1,350,000
Staten Island, NY 10310
MLS# 2502668
10 beds | 4 baths | 6156 sqft
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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.
Details
Maps
Documents
Address/Legal
Section: North Shore
Country: United States
Contract/Location Information
List Price/SqFt: 219.3
CofO: No
List Type: Exclusive Right to Sell
REO: No
Owner Finance: No
General Property Info
Stories: 3
Taxes: 8800
Half Baths: 0
Tax Abated: No
Lot Size SqFt: 5000
Year Built Info: Approx
Lot Dim: 50x100
No. of Heating Units: 4
Air Conditioner: None
# of A/C Units: 0
Condition: Fair
Basement Type: None
Public Remarks: 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.
Pool Y/N: No
Rent Control # of Units: 0
Rent Stabilized # Units: 0
Bedrooms: 10
Full Baths: 4
Total Baths: 4
Year Built: 1931
Building SqFt: 6156
Number of Units: 6
Garage Capacity: 1
Unit 1
Unit 1 - # Rooms: 4
Unit 1 - # Bedrooms: 2
Unit 1 - # Baths: 1
Rent/Month: 1050
Sewer
City: 1
Income & Expenses
Gross Income: 58800
Electric Expense: 4800
Net Income: 38120
Insurance Expense: 7000
Total Expense: 20680
Other Expenses: 2500
Trash Expense: 2880
Water Expense: 3500
Appliances
Total # Ranges: 4
Total # Refrigerators: 4
Unit 2
Unit 2 - # Baths: 1
Unit 2 - # Rooms: 5
Unit 2 - # Bedrooms: 3
Unit 2 - Rent/Month: 1050
Unit 3
Unit 3 - # Rooms: 4
Unit 3 - # Bedrooms: 2
Rent/Month: 1100
Unit 3 - # Baths: 1
Electric
220: 1
Unit 4
Unit 4 - # Rooms: 5
Unit 4 - # Bedrooms: 3
Rent/Month: 1700
Unit 4 - # Baths: 1
Heat Source
Gas: 1
Heat System
Hot Water: 1
Kitchen
Eat In: 1
Living Room
Separate: 1
Electric Meters
Individual: 1
Main Bath
Full Bath: 1
Gas Meters
Individual: 1
Parking
Off Street: 1
Garage Location
Detached: 1
Siding
Stucco: 1
Extras
Cable: 1
AddressLegal
Street No.: 361-363
Street Name: Broadway
County: Richmond
State: NY
Zip Code: 10310
Area Name: West Brighton
Parcel ID: 00180-0011
ContractLocation Information
Status: Active
Marketing/Listing Date: 2025-05-10
List Price: $1,350,000
Current Price: $1,350,000
Sub-Type: 4F
Zoning: R-3A
Block: 00180
Lot: 0011
Property Features
Kitchen: Eat In
Electric Meters: Individual
Living Room: Separate
Gas Meters: Individual
Main Bath: Full Bath
Electric: 220
Parking: Off Street
Garage Location: Detached
Siding: Stucco
Extras: Cable
Heat Source: Gas
Heat System: Hot Water
Lead Based Paint Disclosure 
Listing Courtesy of Neuhaus Realty, Inc.
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.