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70 Hancock Street, Staten Island, NY 10305

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For Sale

$9,800,000

17 beds • 27 baths • 13,197 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $742.59
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

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. THE BUILDING IS CURRENTLY GENERATING 50K/MONTH IN GROSS INCOME, WITH SIGNIFICANT POTENTIAL TO REACH 68K/MONTH IN THE NEAR FUTURE. THE FIRST FLOOR FEATURES 9 ONE-BEDROOM LOFTS WITH HIGH VAULTED CEILINGS AND FLOOR-TO-CEILING WINDOWS, FLOODING EACH UNIT WITH NATURAL LIGHT. THE 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. ALL 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. ADDITIONALLY, THE VACANT PARKING LOT PRESENTS AN OPPORTUNITY FOR EXTRA INCOME, WHETHER THROUGH LEASING OR CONVERTING INTO ADDITIONAL RENTAL UNITS. SITUATED BETWEEN HYLAN BOULEVARD AND RICHMOND ROAD, THIS PROPERTY BENEFITS FROM HIGH FOOT TRAFFIC AND CLOSE PROXIMITY TO DIVERSE AMENITIES, ENHANCING TENANT APPEAL. THIS 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! YOUR INVESTMENT IN A THRIVING COMMUNITY!
MLS# 2405707

Courtesy Of ROBERT DEFALCO REALTY , INC.

(718) 987-7900

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Hot Water
  • Lot Size
    0.28 Acres

Map and Directions

Directions to 70 Hancock Street, Staten Island, NY 10305

Home seller CENTURY 21 STANDARD REAL ESTATE

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Monthly Payment Breakdown

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Copyright © 2024 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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