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290 N Railroad Avenue

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Address: 290 N Railroad Ave, Staten Island, NY 10304, USA

New York & Tri-State + Apartment Buildings

Created date: December 5, 2024

Date last updated: January 14, 2025

Property Description

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!

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Broker Details

Monica Girgis

ROBERT DEFALCO REALTY , INC. (718) 987-7900 MLS ID: 17658

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$2,099,999
Year Built:	1975
Lot Size:	3,040.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here
Number of Bedrooms:	1
Number of Bathrooms:	7

Address: 290 N Railroad Avenue, Staten Island, NY 10305, USA

Provided by:

Standard Status: Active

MLS Listing Number: 2405710
ID: 3yd-SIMLSNY-2405710

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