290 N Railroad Avenue

Grasmere, Staten Island, NY 10305

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!

This is an Active listing.

Broker Office Phone Number: 718-987-7900

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