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$1,699,000

Est. payment - /mo

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10 Beds

6 Baths

New

16-18 Butler Terrace Staten Island, NY 10301

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Christine DeHart

christine@salmonrealestate.com +1(718) 273-1200

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 863445

Bedrooms 10

Full Baths 6

Rental Info No

Year Built 1901

Annual Tax Amount $10,325

Property Sub-Type Quadruplex

Source onekey2

Property Description

Prime Multi-Family Investment Opportunity! Discover an exceptional investment opportunity with this updated multi-family property in the New Brighton neighborhood of Staten Island. Featuring four units in excellent condition: Two (3) bedroom units and two (2) bedroom units. Each unit is individually metered, offering convenience and efficiency for tenants. Situated on a street-to-street lot, this property was renovated in 2022, ensuring modern amenities and quality finishes throughout. Key highlights: four units in excellent condition, individually metered units, value-add potential, includes two additional rental garages, providing an attractive value-add opportunity for increased revenue. Street-to-Street Property, Butler Terrace to Brighton Ave with an impressive return: Gross income is 149,000+ with a Net Operating Income (NOI) exceeding 120,000 annually, this property promises strong cash flow and a solid return on investment.

Location

State NY

County Richmond (staten Island)

Interior

Interior Features Eat-in Kitchen

Heating Other

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available None

Garage false

Building

Sewer Public Sewer

Water Other

Structure Type Stucco

Others

Senior Community No

Special Listing Condition None

Listed by American Homes Group

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY, 10314, United States