70 HANCOCK ST STATEN ISLAND, NY 10305

Features

• Price/sqft: $606
• Lot Size: 0.28 acres
• Total Units: 26
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Stories: 3
• Heating: Hot Water Heating

Facts

• Year Built: 01/01/1975
• Property ID: 950793708
• MLS Number: 2500534
• Parcel Number: 03342-0021
• Property Type: Multi-family (5 or more units)
• County: Richmond
• Zoning: R3-2
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. ATTENTION INVESTORS! DON'T MISS THIS ONCE-IN-A-LIFETIME OPPORTUNITY TO ACQUIRE A 27-UNIT BUILDING IN A HIGHLY SOUGHT-AFTER RENTAL MARKET, PERFECT FOR A 1031 EXCHANGE. THIS PROPERTY IS IDEALLY LOCATED DIRECTLY ACROSS FROM DONGAN HILLS TRAIN STATION AND NEAR THE VERRAZANO BRIDGE, OFFERING EXCEPTIONAL ACCESSIBILITY FOR RESIDENTS. JUST A FEW STOPS AWAY ON THE TRAIN IS THE STATEN ISLAND FERRY, PROVIDING EVEN MORE CONVENIENT TRANSPORTATION OPTIONS.nnTHE BUILDING IS CURRENTLY GENERATING 50K/MONTH IN GROSS INCOME, WITH SIGNIFICANT POTENTIAL TO REACH 68K/MONTH IN THE NEAR FUTURE.nnTHE FIRST FLOOR FEATURES 9 ONE-BEDROOM LOFTS WITH HIGH VAULTED CEILINGS AND FLOOR-TO-CEILING WINDOWS, FLOODING EACH UNIT WITH NATURAL LIGHT. nTHE SECOND FLOOR CONSISTS OF 9 STUDIO APARTMENTS, PROVIDING A VERSATILE LIVING OPTION THAT APPEALS TO A WIDE RANGE OF RENTERS. THE THIRD FLOOR MIRRORS THE FIRST, OFFERING 9 SPACIOUS ONE-BEDROOM DUPLEX APARTMENTS, EACH DESIGNED TO MAXIMIZE SPACE AND COMFORT. EACH LOFT ON LEVELS 2 & 3 INCLUDE ITS OWN FIRE ESCAPE EXIT, DOUBLING AS A PRIVATE BALCONY FOR TENANTS TO ENJOY.nnALL UNITS ARE INDIVIDUALLY METERED FOR ELECTRICITY, ALLOWING TENANTS TO MANAGE THEIR OWN UTILITY COSTS, WHILE THE BUILDING OPERATES ON A SINGLE HEATING SYSTEM FOR EFFICIENCY.nnADDITIONALLY, THE VACANT PARKING LOT PRESENTS AN OPPORTUNITY FOR EXTRA INCOME, WHETHER THROUGH LEASING OR CONVERTING INTO ADDITIONAL RENTAL UNITS.nnSITUATED BETWEEN HYLAN BOULEVARD AND RICHMOND ROAD, THIS PROPERTY BENEFITS FROM HIGH FOOT TRAFFIC AND CLOSE PROXIMITY TO DIVERSE AMENITIES, ENHANCING TENANT APPEAL.nnTHIS BUILDING IS NOT JUST A PROPERTY; IT'S A PRIME ASSET THAT CAN SIGNIFICANTLY ENHANCE YOUR INVESTMENT PORTFOLIO. WITH ITS CURRENT INCOME AND FUTURE POTENTIAL, THIS OPPORTUNITY WON'T LAST LONG. SCHEDULE A VIEWING TODAY!