Multi-Family Investment Opportunity in Grymes Hill – 69 Starbuck St, Staten Island
Price: $2,300,000
Overview:
69 Starbuck St features a stately 3 -story multi-family building in the Grymes Hill neighborhood of Staten Island. Multiple
balconies offer scenic views of the Verrazzano Bridge and the water, while the expansive backyard provides space for
outdoor dining.
This property is fully occupied and includes six rent-stabilized units with a mix of 3-bedroom, 2-bedroom and 1-bedroom
units. Additionally, a full basement is leased separately, generating additional rental income.
Location:
Located on the North Shore of Staten Island, 69 Starbuck is just 2 blocks from Richmond Rd which has dining and food
options and access to local buses S74 and s76. Situated close to Wagner College, the former St John’s University,
Notre Dame Academy and Michael J. Petrides School (Pre-K–12), this property has access to some of the premier
education institutions on Staten Island.
Bullet Point Highlights:
6 UNITS
o One – 3 bedroom / 2 bathroom unit on the 3F
o One – 3 bedroom / 1 bathroom unit on the 1F
o One – 2 bedrrom / 1 bathroom unit on 2F
o Three – 1 bedrrom / 1 bathroom units on 1F and 2F
SALES PRICE: $2,300,000 / $383,333 PER UNIT
CAP RATE: 5.7% / NOI: $129,720
2025 REAL ESTATE TAXES: $23,199
ZONING: R3-2
YEAR BUILT: 1954
Aerial shot
Please show site with Wagner College, St John’s University, Home Depot, SI Expressway, Richmond Rd, Notre Dame
Academy, Petrides High School, Stop1 Supermarket, El Pollo Restaurant and Clove Rd