361-363 Broadway, Staten Island, NY, 10310
$1,350,000
Misc
For Sale
10 Beds
, 4 Full Bath
Details
ML#: 863532
- # of Families: 4
- Year Built: 1931
- Taxes: $8,800
- Status:Active
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.
More Property Details
Bedroom: 10
Full Bath: 4
Lot Sq Ft: 5000
Garage: Yes
Garage: 1.0
Heat: Hot Water, Other
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $8,800
Block: 00180
Lot: 0011
Listing Information provided courtesy of
Neuhaus Realty Inc
718-979-3400