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    1418 Castleton Ave Staten Island, NY 10302

    Sponsored
    For Sale
    $560,000

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

    Property size:
    1,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    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.

    Property Features for 1418 Castleton Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,992 SF

    Building Details

    Year Built
    1925
    Stories
    2
    Units
    5

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1302928
    Latitude
    40.6338001

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit, renovated multifamily home, excellent cash flow.
    Where is this multifamily property located?
    The property is located at 1418 Castleton Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: 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.
    (718) 238-8222
    Request Owner's contact information
    1418 Castleton Ave Staten Island, NY 10302
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    Staten Island, NY 10302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1418 Castleton Ave Staten Island, NY 10302
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