70 Hancock Street, Staten Island, NY 10305

About 70 Hancock, Staten Island

ATTENTION INVESTORS! DON'T MISS THIS ONCE-IN-A-LIFETIME OPPORTUNITY TO ACQUIRE A 27-UNIT BUILDING IN A HIGHLY SOUGHT-AFTER RENTAL MARKET, PERFECT FOR A 1031 EXCHANGE. THIS PROPERTY IS IDEALLY LOCATED DIRECTLY ACROSS FROM DONGAN HILLS TRAIN STATION AND NEAR THE VERRAZANO BRIDGE, OFFERING EXCEPTIONAL ACCESSIBILITY FOR RESIDENTS. JUST A FEW STOPS AWAY ON THE TRAIN IS THE STATEN ISLAND FERRY, PROVIDING EVEN MORE CONVENIENT TRANSPORTATION OPTIONS. THE BUILDING IS CURRENTLY GENERATING 50K/MONTH IN GROSS INCOME, WITH SIGNIFICANT POTENTIAL TO REACH 68K/MONTH IN THE NEAR FUTURE. THE FIRST FLOOR FEATURES 9 ONE-BEDROOM LOFTS WITH HIGH VAULTED CEILINGS AND FLOOR-TO-CEILING WINDOWS, FLOODING EACH UNIT WITH NATURAL LIGHT. THE SECOND FLOOR CONSISTS OF 9 STUDIO APARTMENTS, PROVIDING A VERSATILE LIVING OPTION THAT APPEALS TO A WIDE RANGE OF RENTERS. THE THIRD FLOOR MIRRORS THE FIRST, OFFERING 9 SPACIOUS ONE-BEDROOM DUPLEX APARTMENTS, EACH DESIGNED TO MAXIMIZE SPACE AND COMFORT. EACH LOFT ON LEVELS 2 & 3 INCLUDE ITS OWN FIRE ESCAPE EXIT, DOUBLING AS A PRIVATE BALCONY FOR TENANTS TO ENJOY. ALL UNITS ARE INDIVIDUALLY METERED FOR ELECTRICITY, ALLOWING TENANTS TO MANAGE THEIR OWN UTILITY COSTS, WHILE THE BUILDING OPERATES ON A SINGLE HEATING SYSTEM FOR EFFICIENCY. ADDITIONALLY, THE VACANT PARKING LOT PRESENTS AN OPPORTUNITY FOR EXTRA INCOME, WHETHER THROUGH LEASING OR CONVERTING INTO ADDITIONAL RENTAL UNITS. SITUATED BETWEEN HYLAN BOULEVARD AND RICHMOND ROAD, THIS PROPERTY BENEFITS FROM HIGH FOOT TRAFFIC AND CLOSE PROXIMITY TO DIVERSE AMENITIES, ENHANCING TENANT APPEAL. THIS BUILDING IS NOT JUST A PROPERTY; IT'S A PRIME ASSET THAT CAN SIGNIFICANTLY ENHANCE YOUR INVESTMENT PORTFOLIO. WITH ITS CURRENT INCOME AND FUTURE POTENTIAL, THIS OPPORTUNITY WON'T LAST LONG. SCHEDULE A VIEWING TODAY! YOUR INVESTMENT IN A THRIVING COMMUNITY!