9
See all 9 photos
$1,350,000
Est. payment /mo
10 Beds
4 Baths
Active
361-363 Broadway Staten Island, NY 10310
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 863532
Bedrooms 10
Full Baths 4
Rental Info No
Year Built 1931
Annual Tax Amount $8,800
Lot Dimensions 50' x 100'
Property Sub-Type Quadruplex
Source onekey2
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.
Location
State NY
County Richmond (staten Island)
Interior
Interior Features Other
Heating Hot Water, Other
Cooling None
Fireplace No
Exterior
Garage Spaces 1.0
Utilities Available Cable Available, Natural Gas Available
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
Others
Senior Community No
Special Listing Condition None
Listed by Neuhaus Realty Inc • David Rivera