70 Hancock Street
Staten Island,
NY
10305
Property Details
| List Price: |
$7,999,900 |
| Beds: |
17 |
| Baths: |
Full: 27 |
| Status: |
Active |
SqFt: |
13197 Square Feet |
| Agency: |
Robert DeFalco Realty, Inc. |
| Agency Phone: |
(718) 987-7900 |
Description/Comments
| Lot Size: |
0 acre(s) |
| Property Type: |
Residential Multi Family-Other |
| Year Built: |
1975 |
| Notes: |
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.<br />
<br />
THE BUILDING IS CURRENTLY GENERATING 50K/MONTH IN GROSS INCOME, WITH SIGNIFICANT POTENTIAL TO REACH 68K/MONTH IN THE NEAR FUTURE.<br />
<br />
THE FIRST FLOOR FEATURES 9 ONE-BEDROOM LOFTS WITH HIGH VAULTED CEILINGS AND FLOOR-TO-CEILING WINDOWS, FLOODING EACH UNIT WITH NATURAL LIGHT. <br />
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.<br />
<br />
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.<br />
<br />
ADDITIONALLY, THE VACANT PARKING LOT PRESENTS AN OPPORTUNITY FOR EXTRA INCOME, WHETHER THROUGH LEASING OR CONVERTING INTO ADDITIONAL RENTAL UNITS.<br />
<br />
SITUATED BETWEEN HYLAN BOULEVARD AND RICHMOND ROAD, THIS PROPERTY BENEFITS FROM HIGH FOOT TRAFFIC AND CLOSE PROXIMITY TO DIVERSE AMENITIES, ENHANCING TENANT APPEAL.<br />
<br />
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! |
| MlsNumber: |
-- |
| ListingId: |
2500534 |
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| Listing Provided By: |
Robert DeFalco Realty, Inc., original listing |
| Phone: |
(718) 987-7900 |
| Office Phone: |
(718) 987-7900 |
| Agent Name: |
Monica Girgis |
| Disclaimer: |
Copyright © 2025 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. |
