98 Montgomery Ave - Multi-Family FOR SALE


Staten Island, NY 10301- St George
$599,000 USD
732-455-2481
98 Montgomery Ave, Staten Island, NY for Sale
$599,000 USD
Multi-Family - FOR SALE
1/7
null | 8.16% Cap Rate

98 Montgomery Ave
Staten Island, NY 10301
St George


HIGHLIGHTS

  • Great Investment Opportunity with Excellent Cash Flow! Priced to Sell at $599,000 "AS IS" with Projected NOI% of 8% based on projected rental income
  • RESALE / REDEVELOPMENT VALUE!!! Zoned R5 which allows a variety of housing at a higher density.
  • Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!

OVERVIEW

Great Investment Opportunity with Excellent Cash Flow! Priced to Sell at $599,000 "AS IS" with Projected NOI% of 8% based on projected rental income of $55,200; RESALE / REDEVELOPMENT VALUE!!! Zoned R5 which allows a variety of housing at a higher density. Full reconstruction in 2013 (electricity, pluming, HVAC, etc.); Two family fully detached property 4BR / 2 BA; Separate meters for gas, electric, water/sewer Unit 1: Renovation just completed (New Kitchen, Appliances, Flooring etc.). Separate Backyard Access! Unit 1: 2 BR, 1 BA / Own to live or rent (Projected $2,500+) Unit 2: 2 BR, 1 BA / Currently Rented on month-to-month lease @$2,000; ($1,900 Guaranteed Section 8 federal funding) Unit 2: Tenant open to new long term lease agreement if suitable for buyer Clean inspection October 2025 Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

2

PRICE/UNIT

$299,500

CAP RATE

8.16%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,131 SF

ZONING

R5

APN/PARCEL ID

00017-0103

ASK ABOUT THIS PROPERTY

Steve LopardoMulti Family PropertiesMore Info
732-455-2481

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Steve LopardoMulti Family PropertiesMore Info
732-455-2481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.