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listing
1 of 28
CommercialFor Sale
$2,599,999
Staten Island, NY 10310
Courtesy of Interstate Home Properties
MLS: Staten Island Board of Realtors
6,600Sq Ft
Est. Mortgage
$13,521/mo

Attention all investors, a fantastic 1031 exchange opportunity has now come to market...73 Bodine St is a 6-family cash cow that was completely gut renovated in 2014-2015. In 2023, this property underwent more updates inclusive of sanding and refinishing the new walnut floors, installation of new hardware, vanities and appliances for most units. This property grosses $197,904 & nets $164,522, consisting of (4x) 4 bedroom, 1 bathroom apartments & (2x) 3 bedroom, 1 bathroom apartments. Each unit is in mint condition and features 3 or 4 bedrooms, 1 full bathroom, a living room, kitchen, Rheem forced air heating & cooling systems for each unit, as well as individual Noritz on demand tankless water heating systems. There is consistently high demand for these beautifully maintained units. This building also has the opportunity to improve the income with some fixed cost reductions, rent increases in 3 units that are below market, coin operated laundry in the basement as well as rentable storage lockers. All units in this building are free-market. All tenants have the ability to use the private gated backyard. There is a HonView Touch Total Security system comprising 9 cameras allowing all tenants with live view via cellphone app. The rent has been received consistently since the new owner's purchase in 2016 including during COVID lockdown in 2020. Rent is received via Zeller or CashApp. There is 50 linear feet of replacement kitchen cabinetry included in the sale. The icing on the cake is that there is a 10 year commercial loan of $983,773 (as of 7/26/23) with an interest rate of 4.41% which is fully assumable by a qualified buyer with a maturity date of 5/1/2026. THIS IS AN AMAZING 1031 EXCHANGE OPPORTUNITY!!!

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Information courtesy of Interstate Home Properties is subject to verification and is not guaranteed.
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