290 N Railroad Ave | Staten Island, NY 10304
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290 N Railroad Ave
Staten Island, NY 10304
Multifamily Property For Sale · 7 Units
Executive Summary
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!
PROPERTY FACTS
| Price Per Unit | $491,990 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5% | Building Size | 3,384 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | $491,990 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,384 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 0.59/1,000 SF |
PROPERTY TAXES
| Parcel Number | 03200-0006 | Improvements Assessment | $460,615 CAD |
| Land Assessment | $14,647 CAD | Total Assessment | $475,262 CAD |
PROPERTY TAXES
Parcel Number
03200-0006
Land Assessment
$14,647 CAD
Improvements Assessment
$460,615 CAD
Total Assessment
$475,262 CAD
zoning
| Zoning Code | R2 |
| R2 |
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