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70 Hancock Street, Staten Island, NY 10305

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For Sale

$7,999,900

17 beds27 baths13,197 sqft

Estimated Payment

$ 47,133 /mo.

6.76% APR for 30 yrs.
$66,968 in taxes
Change Loan Terms

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

  • $606.19
    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!
MLS# 2500534

Courtesy Of ROBERT DEFALCO REALTY , INC.

(718) 987-7900

Property Features

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

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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $41,552
  • Property Taxes
    $5,580
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $47,133

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

P.s. 52 John C. Thompson School

Grades PK-5 Public School


Staten Island, NY 10305 0.6 miles
450 buel ave

596 total students
15:1 Student teacher ratio

I.s. 2 George L. Egbert School

Grades 6-8 Public School


Staten Island, NY 10306 0.8 miles
333 midland ave

983 total students
13:1 Student teacher ratio

New Dorp High School

Grades 9-12 Public School


Staten Island, NY 10306 1.4 miles
465 new dorp ln

3131 total students
16:1 Student teacher ratio

Other Nearby Schools Distance Type Grades School Rating
St Ann School 0.2 miles Private PK-8
P.s. 11 Thomas Dongan School 0.2 miles Public PK-5 D+
Academy Of St Dorothy 0.8 miles Private PK-8
Staten Island Academy 0.9 miles Private PK-12
P.s. 46 Albert V. Maniscalco School 0.9 miles Public PK-5 C
P.s. 38 George Cromwell School 1 miles Public PK-5 B-
Naples Street Elementary School 1 miles Public PK-5 A
P.s. 48 William G. Wilcox School 1 miles Public PK-5 B+
Holy Rosary School 1.1 miles Private PK-8
P.s. 41 The Stephanie A. Vierno School 1.3 miles Public PK-5 B
P.s. 39 Francis J. Murphy Jr. School 1.5 miles Public PK-5 A-
Smiles Around Us Academy 1.5 miles Private PK-8
Bridge Preparatory Charter School 1.5 miles Public 1-3 D+
Michael J Petrides School (the) 1.5 miles Public PK-12 B
Mother Franciska Elementary School 1.5 miles Private KG-8
St Joseph Hill Academy 1.5 miles Private 9-12
St Joseph Hill Academy 1.5 miles Private PK-8

St Ann School

Distance: 0.2 miles

Type Private

Grades: PK-8

P.s. 11 Thomas Dongan School

Distance: 0.2 miles

Type Public

Grades: PK-5

D+

Academy Of St Dorothy

Distance: 0.8 miles

Type Private

Grades: PK-8

Staten Island Academy

Distance: 0.9 miles

Type Private

Grades: PK-12

P.s. 46 Albert V. Maniscalco School

Distance: 0.9 miles

Type Public

Grades: PK-5

C

P.s. 38 George Cromwell School

Distance: 1 miles

Type Public

Grades: PK-5

B-

Naples Street Elementary School

Distance: 1 miles

Type Public

Grades: PK-5

A

P.s. 48 William G. Wilcox School

Distance: 1 miles

Type Public

Grades: PK-5

B+

Holy Rosary School

Distance: 1.1 miles

Type Private

Grades: PK-8

P.s. 41 The Stephanie A. Vierno School

Distance: 1.3 miles

Type Public

Grades: PK-5

B

P.s. 39 Francis J. Murphy Jr. School

Distance: 1.5 miles

Type Public

Grades: PK-5

A-

Smiles Around Us Academy

Distance: 1.5 miles

Type Private

Grades: PK-8

Bridge Preparatory Charter School

Distance: 1.5 miles

Type Public

Grades: 1-3

D+

Michael J Petrides School (the)

Distance: 1.5 miles

Type Public

Grades: PK-12

B

Mother Franciska Elementary School

Distance: 1.5 miles

Type Private

Grades: KG-8

St Joseph Hill Academy

Distance: 1.5 miles

Type Private

Grades: 9-12

St Joseph Hill Academy

Distance: 1.5 miles

Type Private

Grades: PK-8

Local area information for Staten Island, NY 10305

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Staten Island, NY 10305

This community’s employment is highest in the healthcare practitioners and administrative support industries. The area’s overall household expenses are above the national average.

84° July
Hottest Average Month

25° January
Coldest Average Month
16,135 Total Households in Area
31.4%
of households
have children
43 minutes
Median Commute Time

Household Expenses vs National Average

Demographic facts
for Staten Island, NY 10305

Staten Island, NY 10305 has a population of 44,407 people in 16,135 households with a median age of 42.8 years old.

Down -1.2%
Decrease in population
since the year 2010

Population is Trending down
15,643
Total households as of 2010
Up
5%

Community Population By Age

Community Population By Ethnicity

White 55%
Asian 21%
Hispanic 19%
Other 11%
Black 5%
Native American <1%

Economics
for Staten Island, NY 10305

10,931 /sq mi
Population Density
$83,670 /yr
Median Household Income
$675,000
Median Sales Price
43 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 55%
  • Public Transit 33%
  • Walk or Bike 7%
  • Work from Home 5%

Occupancy by Type

Owned 10,291 60%
Rented 5,844 34%
Vacant 885 5%

White vs Blue Collar Jobs







White Collar 78%
Blue Collar 22%

Family & Education Facts
for Staten Island, NY 10305

42.8 Median Age

Average Household Size

2.7
persons per
household

49.2%

Married Households

Community Population By Education

High School Graduate 28%
Bachelors Degree 21%
Some High School 16%
Some College 14%
Graduate Degree 12%
Associates Degree 9%

Household Family Expenses vs National Average

31.4% of households have children

Weather
for Staten Island, NY 10305

The weather for this area ranges from a high of 84° F in July to a low of 25° F in January

84° July
Hottest Average Month
25° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
25°
39°
Feb
26°
41°
Mar
33°
49°
Apr
42°
60°
May
52°
70°
Jun
62°
80°
Jul
67°
84°
Aug
66°
83°
Sep
59°
76°
Oct
49°
65°
Nov
40°
54°
Dec
30°
43°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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