361-363 Broadway, Staten Island, NY, 10310
10 beds
4 Full baths
1931
Quadruplex
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.
Status:
Active
Type:
Single-family residential
Units:
4
Garage:
1-car
Heating:
Hot Water, Other
Cooling:
None
Est. Taxes:
$8,800
Construction
Stucco
Utilities
Cable Available, Natural Gas Available
Days on Market:
1
MLS #:
863532
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Neuhaus Realty Inc 718-979-3400