80 Scarboro Ave - Apartments FOR SALE


Staten Island, NY 10305- Shore Acres
$45,000,000 USD
718-710-3984
80 Scarboro Ave, Staten Island, NY for Sale
$45,000,000 USD
Apartments - FOR SALE
1/20
null | 5.3% Cap Rate

80 Scarboro Ave
Staten Island, NY 10305
Shore Acres


OVERVIEW

This newly constructed five-story premium investment property is situated by the picturesque Hudson River with convenient transportation and a direct view of Manhattan across the river. It is close to ferries heading to Manhattan and Brooklyn, and just a few minutes' drive from the Verrazano Bridge. The building features a red brick exterior, modern and spacious interiors, and underground parking, with additional outdoor parking spaces available for visitors. Each unit is equipped with washer hookups. The practical layouts are currently fully leased, offering strong competitive potential in the market. Additionally, the property benefits from a 35-year tax abatement, providing investors with an advantageous opportunity to recoup costs and achieve profitability sooner.

FOR SALE DETAILS

PRICE

$45,000,000 USD

PRICE/SF

$606 USD /SF

# OF UNITS

102

PRICE/UNIT

$441,176

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harborview Senior Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2024

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,669 SF

ZONING

R4

APN/PARCEL ID

02832-0140

ASK ABOUT THIS PROPERTY

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718-710-3984

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718-710-3984

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