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361-363 Broadway 363 Broadway 6 Unit Apartment Building $1,350,000 ($225,000/Unit) Staten Island, NY 10310



INVESTMENT HIGHLIGHTS
- INVESTMENT PROPERTY
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $1,350,000 | Property Subtype | Apartment |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,156 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Zoning | R-3A - R-3A | ||
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,156 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R-3A - R-3A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,050 | - |
| 2+1 | 2 | $1,000 | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 00180-0011 | Improvements Assessment | $252,002 |
| Land Assessment | $17,098 | Total Assessment | $269,100 |
PROPERTY TAXES
Parcel Number
00180-0011
Land Assessment
$17,098
Improvements Assessment
$252,002
Total Assessment
$269,100
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361-363 Broadway | 363 Broadway
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