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$1,350,000

Est. payment - /mo

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10 Beds

4 Baths

New

361-363 Broadway Staten Island, NY 10310

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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 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

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