646-662 Port Richmond Avenue

Description

THIS BUILDING IS NOT RENT STABILIZED! SEE ATTACHED DOCUMENTS. PRESENTING AN AMAZING OPPORTUNITY TO OWN A 43 UNIT ALL BRICK U SHAPE GARDEN STYLE APARTMENT BUILDING WITH A N.O.I. OF $516,037. THIS ALL BRICK 27,152 FT BUILDING FEATURES: 1 YR YOUNG ROOF , A 6YR YOUNG HEATING SYSTEM, 39 PRIVATE PARKING SPACES, AND A LARGE BASEMENT WITH LAUNDRY AREA ON A 200'X190' LOT. PROPERTY CONSIST OF 1 LARGE 1ST FLOOR OFFICE, 13 TWO BEDROOMS APARTMENTS, 17 ONE BEDROOMS APARTMENTS AND 12 STUDIO APARTMENTS. UTILIZE THE ADVANTAGES OF BEING PART OF NEW YORK CITY YET LOCATED IN THE BEAUTIFUL BOROUGH OF STATEN ISLAND, NY. IN THE CONVENIENT NEIGHBORHOOD OF PORT RICHMOND. SHOPPING AND CITY BUSES TO BROOKLYN, MANHATTAN, AND STATEN ISLAND MALL RIGHT OUTSIDE THE DOOR. FINANCIALS FURNISHED UPON REQUEST. CHANCE OF A LIFETIME INVESTMENT.GARBAGE IS STORED ON GROUND OF PROPERTY, IN DESIGNATES CLOSED AREA. *POTENTIAL TO EARN A 6.7% CAP RATE (BASED ON CURRENTLY NEGOTIATED LEASES WITH PROJECT HOSPITALITY) NOT INCLUDING PARKING SPOT FEE AND NOT INCLUDING 6,500 SQ FT OF BASEMENT STORAGE SPACE WHICH CURRENTLY HAS 2 OUTDOOR ACCESS (SEE PICTURE)