Found 2 blog entries tagged as staten island real estate.

2020 started with strong demand for housing and a brisk spring selling and buying season was emerging. As we all know the corona pandemic hit and sent the stock market in a freefall. These are unchartered waters which we have never navigated in our modern and global economies world wide. So the question that this poses is how will this affect the local Staten Island real estate market. At the current time it seems that most buyers will continue to stay in the market and keep looking to purchase their first home, or sell and buy their future home. That being said, the fact that we are being advised to practice "social distancing" this  will slow down showing appointments and sellers are showing signs of waiting to come to the market. As far as the…

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The allure of buying a multi-family home on Staten Island so you can live in one unit and then rent out the rest so you have enough money to pay your mortgage payment can be difficult to resist. Many people just look at the current monthly rental rates for Staten Island apartments and townhomes, which range from $1,200 to $14,750, and think, "Wow, at those rates, I can pay my mortgage and make a profit." If, you do your homework and manage the property well, you might be able to own an income generating property. Another advantage of buying a multi-family home on Staten Island is that when you are ready to move to a larger home, you can just rent your unit and keep the multi-family home as an investment property. 

Do Your Homework before Buying a…

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