Great investment opportunity! Four family brick house locates in the heart of St. George newly renovated a year ago! Each unit features has 2 bedrooms, 1 bathroom and a living room. Approximate gross income of $88.8K per year, plus $3.5K bonus for each unit per year from the city. Net income about $87K at a 8% CAP rate!!! 5 minutes walking distance to Staten Island Ferry and recently opened Empire Outlet. C4-2 zoning with FAR 4, verify development with your architect for the build-able space. Recent influx to St.George shows a promising sign of increasing home value in the future. Very motivated seller and cooperative listing agents. Let's bring in all reasonable offers. All information is subject to E/O.
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