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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.

Features
Heating System:
Other, Hot Water
Cooling System:
No
Garage Spaces:
1
Interior Features:
Other
Sewer:
Public Sewer
Utilities:
Cable Available, Natural Gas Available
Address Map
City:
NY
State:
NY
County:
Richmond (Staten Island)
Directions:
Forest Avenue to Broadway - Use GPS Please!
Property and Construction
Development Status:
Stucco
Agent MlsId:
218415
Office MlsId:
NHSR01
Number Of Units:
4
Special Listing Conditions:
No
Tax Annual Amount:
$8,800
Water Source:
Public
PhotosCount:
9

Residential Income For Sale

361-363 Broadway, New York, NY

10 Bedrooms
4 Bathrooms
$1,350,000
Listing ID #863532
Basic Details
Property Type :
Residential Income
Property SubType :
Quadruplex
Listing ID :
863532
Price :
$1,350,000
Bedrooms :
10
Bathrooms :
4
Bathrooms Total :
4
Building Area :
6,156 Sqft
Year Built :
1931
Status :
Active
Status :
Active
Listing Office :
Neuhaus Realty Inc
Listing Agent :
David Rivera
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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