Active
290 N Railroad Avenue
Staten Island NY, 10305
$2,099,999
$690.79 per sqft
Active
1 Bed
7 Baths
3,040 sqft
Residential
Built in 1975
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!
2405710
MLSⓇ ID
December 4, 2024
Listed
December 6, 2024
Updated
Map
290 N Railroad Avenue
Staten Island NY, 10305
Interior Features
Total Stories
2
Bedrooms
1
Total Bathrooms
7
Full Bathrooms
7
Fireplace
No
Cooling
Yes
Heating
Yes
Heating Description
Hot Water, Natural Gas
Exterior/Building Features
Lot Size
0.17 Acres
Sewer
City
Other Property Details
Area Name
Old Town
Taxes
$24,072
Tax Frequency
Annually
Garage
No
Parking
On Street
View
No
County
Richmond
Pool
No
Zoning
R2
Listing History
Date | Event | Price |
---|---|---|
12/6/2024 | Price change | $2,099,999 -13% |
Courtesy of Robert DeFalco Realty, Inc.
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