1418 Castleton AveStaten Island, NY 10302

For Sale
$560,000

Five-unit, renovated multifamily home, excellent cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a semi-attached, two-family home located at 1418 Castleton Ave, Staten Island, NY 10302. The property, boasting 1,992 square feet, is situated on a sizable lot with a large side yard, offering potential for further development or income generation. Currently configured as a five-unit building, this property provides dual rental income streams, ensuring immediate cash flow for the discerning investor. Built in 1925 and extensively renovated in 2016, the property is in excellent condition. The building features two stories and is zoned R3 A, allowing for a variety of uses. The asking price is $560,000, translating to $281.12 per square foot. This prime location in Richmond County, New York, benefits from strong rental demand and consistent property appreciation, making it an attractive investment with significant long-term potential. The property's APN is 01026-0046. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable area. The large side yard presents a unique value-add opportunity for expansion or additional income streams. Don't miss this chance to secure a profitable investment in a thriving market.

Highlights

  • Excellent income-producing, semi-attached two-family home in a high-demand Staten Island location.
  • Dual rental income streams offer immediate cash flow.
  • Fully renovated in 2016.
  • Large side yard presents potential for additional income streams.
  • Strong rental demand and appreciation potential in this R3A zoned property.

Property Details for 1418 Castleton Ave

Property type
Multifamily properties, Residential income properties
Square Feet
1,992 SF
Year Built
1925
Stories
2
Units
5

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.6338001
Longitude
-74.1302928
1418 Castleton Ave, Staten Island, New York

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1418 Castleton Ave
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