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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