Commercial For Sale - Multi Family
$1,699,999
7 BA

Size

Baths
7
Interior
4,988 Sq Ft

Financial

Price
$1,699,999
Annual Taxes
$17,554

Listing Details

Sale or Lease
Sale
Year Built
1900

Description

20 Egmont Place, Staten Island, NY 10301

Rare investment opportunity in the hot St. George real estate market. This fully occupied 7-family multi-family property generates a robust gross income of 128,866.80 annually, offering immediate cash flow from day one. Priced competitively at 1,699,999, this asset delivers an exceptional 7.58 precent gross capitalization rate in one of Staten Island's most commuter-friendly transit hubs. Core Financials & Features: 7 fully occupied units yielding immediate returns. Low vacancy history due to high neighborhood rental demand. Separate tenant utilities minimizes landlord overhead expenses. Premier St. George Location-Walk to the Staten Island Ferry for a free, direct commute to Manhattan-Steps from the Empire Outlets shopping, waterfront dining, and entertainment - Immediate transit access via the St. George terminal buses and SIR train.

Features

  • Block
  • Brick
  • Concrete
  • Hot Water
  • Natural Gas
  • Public Sewer
  • Stucco
  • Window Unit(s)
20 Egmont Place, Staten Island, NY 10301

Listing Office: Neuhaus Realty, Inc.