1. New York
  2. Staten Island
  3. 361-363 Broadway
$1,350,000

361-363 Broadway, Staten Island, NY 10310

  • 10 beds |
  • 4 baths |
  • 6,156 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1931
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $219/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Listing Office:
Neuhaus Realty Inc : 718-979-3400
MLS ID:
863532
  • General: Other
  • A/C: None
  • Heating: Hot WaterOther

This listing courtesy of Neuhaus Realty Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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