361-363 Broadway

361-363 Broadway, New York, NY, 10310

$1,350,000

active

Bedrooms

Bathrooms

Lot Size

5,000 sqft

Year Built

1931

Garage

1 car

Type

Multi Family

Monthly Cost

Estimate. Actual payment depends on credit, lender, taxes, and insurance.

$8,044/month estimated

Principal & interest: $7,185
Property tax: $733
Home insurance (est.): $125

Down payment %Interest rate %Term (years)

Down payment: $270,000 · Loan amount: $1,080,000

Description

This investment property presents a compelling opportunity for real estate investors, particularly those considering a 1031 exchange. Property Overview Type: 4-family residence with 2 commercial spaces and a detached garage. Condition: Sold AS IS, with existing tenants in place. CASH OFFERS ONLY. Potential Rental Income Three-bedroom units: 2,800-3,000/month. Two-bedroom units: 2,300-2,500/month. Commercial spaces: 1,500-1,800/month each. 1031 Exchange Considerations This property qualifies for a 1031 exchange, allowing investors to defer capital gains taxes by reinvesting the proceeds into a like-kind property within specific timelines. The IRS mandates that the replacement property be identified within 45 days and acquired within 180 days of the sale. Both the relinquished and replacement properties must be held for investment or business purposes to qualify. Needs 24 hour notice for showings.

Features

✓ Other

Property Details

Cooling: None
Heating

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Listed by David Rivera, Neuhaus Realty Inc

MLS# KEY863532718-979-3400

Listings courtesy of OneKey® MLS as distributed by MLS GRID

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