4 Family investment property in heart of New Brighton. Walking distance to Snug Harbor Cultural Center & 7 minute ride via bus to the SI Ferry, Empire Outlets. The income is excellent for a current 4.5% return. Potential for higher cap rate of 6.7% and good long-term hold since the area is positive for rentals, due to the affordability & proximity to Manhattan. 2 car detached garage, all separate utilities. Not a multiple dwelling so rents are not protected by RSA. Please no showings (since tenant occupied) unless a written offer based on I&E and proof of funds are provided. See Actual & proposed Income & Expense breakdown or call to discuss further.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
