290 North Railroad Avenue
$2,099,999
1
7
3,040
3,040
$691
Description
290 North Railroad Ave presents an exceptional investment opportunity with 7 meticulously maintained units, consisting of 6 studios and 1 one-bedroom apartment. Located just steps from Hylan Blvd, this full brick building benefits from easy access to public transportation, including bus services and the ferry, making it not only deal for commuters but ensuring occupancy for years to come. Each apartment has been recently renovated, showcasing modern finishes and thoughtful layouts. All units have...290 North Railroad Ave presents an exceptional investment opportunity with 7 meticulously maintained units, consisting of 6 studios and 1 one-bedroom apartment. Located just steps from Hylan Blvd, this full brick building benefits from easy access to public transportation, including bus services and the ferry, making it not only deal for commuters but ensuring occupancy for years to come. Each apartment has been recently renovated, showcasing modern finishes and thoughtful layouts. All units have separate utilities, which have been updated to ensure efficiency and tenant comfort. Currently generating a monthly gross income of 11K, there's substantial potential to increase this to 18K, providing an impressive opportunity for investors. With the potential to enhance the cap rate to 8.5, this property is not rent-stabilized, allowing for greater flexibility in management and rental rates. Don't miss the chance to invest in this prime real estate opportunity in a thriving area with unmatched growth potential. Contact us today for more details or to schedule a viewing!
- Listed by Monica Girgis • Robert DeFalco Realty, Inc.P: (347)-466-1013 C: (347)-466-1013 mgirgis54@gmail.com
- Listed by Francis A Shearon • Robert DeFalco Realty, Inc.P: (347)-552-8731 C: (347)-552-8731 frankshearon@yahoo.com
Property Details for 290 North Railroad Avenue
Parking
On Street
Area NameOld Town
ZoningR2
LISTING UPDATED: 12/06/2024 12:53 PM
Property Details for 290 North Railroad Avenue
Status | Active |
---|---|
MLS ID | 2405710 |
Days on Market | 70 |
Taxes | $24,072 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | - |
Compass Type | Multi-Family |
MLS Type | MultiFamily |
Year Built | 1974 |
Lot Size | 7,300 SF / 40' x 38' |
County | Richmond County |
Building
Building Information for 290 North Railroad Avenue
Stories2Residences7Year Built1974Lot Size7,300 SF / 40' x 38'Building Age-Building Type-
Property Information for 290 North Railroad Avenue
Property History for 290 North Railroad Avenue
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 290 North Railroad Avenue
Taxable ValueLand$15,750Additions$315,450Total$331,200
Home Facts
Total Finished SqFt3,040 SqFtLot Size7,300 SqFtYear Built1974ZoningR2APN5032000006
Schools near 290 North Railroad Avenue
This home is within New York City Geographic District #31.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
P.S. 48 William C Wilcox PublicPK to 8 | ||
Is 49 Bertha A Dreyfus Public6 to 8 | ||
Curtis High School Public9 to 12 | ||
Naples Street Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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