Whether you are looking to purchase for your family or make money while you sleep, this property is perfect for you! Are you looking for a large home for you and your family or an investor looking to rent out both or live in one, Van Duzer has it all! Located just blocks from the Staten Island Ferry terminal, everything is at your fingertips. This income producing property is loaded with 6 bedrooms and 2 bathrooms currently constructed as two separate 1,200 sq ft apartments with 3 bedrooms, 1 bathroom, full kitchen, washer & dryer and access to private outdoor space. The ground floor unit has access to a huge backyard with tons of room for gardening or just relaxing. The penthouse unit has a very spacious balcony along with access to the roof deck with stunning views! INVESTORS CORNER: The annual rent roll is $60,000 with annual expenses of approximately $9,000. Each unit pays their own gas and electric. $60,000 annual rent roll minus $9,000 annual expenses gives us a net operating income of $51,000. With a low sale price of $699,000 divided by $51,000 net operating income will give us a high cap rate of 7.2% making this an investors dream! Financials will be supplied by owner to serious offers. Developers thrive on NYC waterfront areas and have now broken ground on the North Shore of Staten Island. Between the developments of the tallest Ferris wheel, gorgeous shopping centers such as the Empire Outlets that will also have great restaurants designed by some of the finest chefs in the world along with brand new housing developments such as Lighthouse Point and Urban Ready Life. With all of this on its way, this makes Van Duzer a perfect investment whether this is your first investment, a landlord building your portfolio, a flipper looking to renovate and make an immediate profit or a small developer looking to plant their flag and take advantage of the new landscape and growing economy! Limited pictures because it is currently tenant occupied More than happy to work with agents and co-broke!
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.
