646-662 Port Richmond Ave - Apartments FOR SALE


Staten Island, NY 10302- Elm Park
$10,800,000 USD
347-423-5926
646-662 Port Richmond Ave, Staten Island, NY for Sale
$10,800,000 USD
Apartments - FOR SALE
1/16
null | 6.71% Cap Rate

646-662 Port Richmond Ave
Staten Island, NY 10302
Elm Park


HIGHLIGHTS

  • **STANDOUT OPPORTUNITY: THIS BUILDING IS NOT RENT STABILIZED**, OFFERING A CURRENT GROSS RENTAL INCOME OF $1,007,423 !!
  • LOCATED ON A 200' X 180' LOT WITH 39 PRIVATE PARKING SPACES
  • THIS BUILDING INCLUDES 1 LARGE OFFICE, 13 TWO-BEDROOM APARTMENTS, 17 ONE-BEDROOM APARTMENTS, AND 12 STUDIO APARTMENTS.
  • LOCATED IN THE HIGHLY CONVENIENT PORT RICHMOND NEIGHBORHOOD, THE PROPERTY BENEFITS FROM EASY ACCESS TO LOCAL CITY BUSES TO BROOKLYN & MANHATTAN,
  • Are You Looking for an Income Generating Property? THIS IS YOUR OPPORTUNITY TO BE A PROPRIETOR IN THE CITY OF NY CURRENTLY COLLECTING $1M IN RENT

OVERVIEW

NOT SUBJECT TO RENT FREEZE!!! ***PRESENTING AN AMAZING OPPORTUNITY TO OWN A NOT RENT STABILIZED 43 UNIT BIULDING! ***High Income Gross Income: $1, 003, 460. ALL BRICK GARDEN STYLE APARTMENT BUILDING COMPLEX . SEE ATTACHED DOCUMENT!! THIS ALL BRICK 27, 152 FT 43 UNIT BUILDING FEATURES: 39 PRIVATE PARKING SPACES, VERY LARGE BASEMENT WITH LAUNDRY AREA AND 2 OUTDOOR ACCESS ON A 200' x 190' FT LOT. 6 YR YOUNG ROOF, A 9 YR YOUNG VERY EFFICIENT HEATING SYSTEM. PROPERTY CONSIST OF 2 LARGE 1ST FLOOR OFFICE WITH ITS OWN ADDRESS, 13 TWO BEDROOMS APARTMENTS, 17 ONE BEDROOMS APARTMENTS AND 12 STUDIO APARTMENTS. UTILIZE THE ADVANTAGES OF BEING PART OF NEW YORK CITY YET LOCATED IN THE BEAUTIFUL BOROUGH OF STATEN ISLAND, NY. IN THE CONVENIENT NEIGHBORHOOD OF PORT RICHMOND. SHOPPING AND CITY BUSES TO BROOKLYN, MANHATTAN, AND STATEN ISLAND MALL RIGHT OUTSIDE THE DOOR. FINANCIALS FURNISHED UPON REQUEST. CHANCE OF A LIFETIME INVESTMENT.!

FOR SALE DETAILS

PRICE

$10,800,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

43

PRICE/UNIT

$251,163

CAP RATE

6.71%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

R3A

APN/PARCEL ID

01132-0001

ASK ABOUT THIS PROPERTY

Giovanna CardinaleNEUHAUS REALTY, INC.More Info
347-423-5926

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Giovanna CardinaleNEUHAUS REALTY, INC.More Info
347-423-5926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.