238 York AVE Active

Staten Island,NY 10301

$ 1600000

10 Beds

5 Baths

3700 SqFt


Key Details

Property Type Multi-Family

Sub Type 4F

Listing Status Active

Purchase Type For Sale

Square Footage 3,700 sqft

Price per Sqft $432

MLS Listing ID 2501496

Bedrooms 10

Full Baths 5

Originating Board Staten Island Multiple Listing Service

Year Built 1931

Annual Tax Amount $6,696

Lot Size 5,100 Sqft

Acres 0.12

Lot Dimensions 50x22

Property Sub-Type 4F

Property Description

I am pleased to present an opportunity to acquire 238 York Avenue, a multifamily asset that generates stable income, situated in Staten Island's North Shore. This market is rapidly evolving and benefiting from significant public and private infrastructure investments.
The property features a 6.61 in-place cap rate and a 7.37 pro-forma cap rate, which ensures robust cash flow from the start, along with potential for future appreciation. Investors have the opportunity to enhance NOI and maximize returns through operational efficiencies and incremental rent adjustments.

Location

State NY

County Richmond

Area New Brighton

Zoning R2

Interior

Heating Forced Air,Natural Gas

Exterior

Parking Features Off Street

Garage Spaces 2.0

Total Parking Spaces 2

Building

Sewer City

Structure Type Brick

New Construction No

Others

Tax ID 00052-0070

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