164 Brighton Avenue

• Details

Details for 164 Brighton Avenue, Staten Island NY 10301

Calling all 1031 Exchanges and Investors! Seller is very motivated!! All brick 2 Family semi-attached recently fully renovated and updated buildings close to Empire Outlets and Staten Island Ferry. Truly a great investment property with a projected Cap Rate of 9.5%!! It features 2 walk up apartments with a finished basement and a concrete backyard which can park 6 cars and collect Rental Income of 6 x $150=$900 per month. Unit 1: Level 1+ Finished basement + backyard: 3bd/1ba, kitchen/living/dining combos, granite countertop, solid wood cabinets, plus a finished basement kitchen, 1 full bath, and full tiled floor throughout), has collected rent of $3200/month (proof of rent upon request), currently no lease. Unit 2: Level 2: 4bd/1ba, EIK, granite countertop, solid wood cabinets, spacious living room. Projected Rent: $2800/month, currently vacant. Total rent income: $3200+$2800+$900=$6,900/month, $82,800/yr. Net Operating Expenses: Insurance $5,119.60 + Heat $1,333.57 + Water $1,424.19 + Electricity $998.63 = $10,152. Net Operating Income(NOI): $82,800 - $10,152 =$72,648. It brings ROI (Return Of Investment) 9.5%. All brand new tankless hot water tanks, 1 furnace, separate electricity and gas meters for 2 units, separate electricity and gas meter for basement, finished basement also has storage room. Tenants pay their own utilities. Priced to sell! Won't last!!