97 Victory Blvd - Apartments FOR SALE


Staten Island, NY 10301- St George
$1,500,000 USD
347-552-1207
97 Victory Blvd, Staten Island, NY for Sale
$1,500,000 USD
Apartments - FOR SALE
1/37
null | 7.38% Cap Rate

97 Victory Blvd
Staten Island, NY 10301
St George


HIGHLIGHTS

  • High Traffic Area
  • Built 2009
  • 421-A Expires in 9 years
  • Fully occupied
  • Incredibly well Maintained

OVERVIEW

97 Victory Blvd, built in 2009, is a below-replacement-cost, clean as-is mixed-use in the heart of St. George: 1 ground-floor retail storefront (restaurant tenant, ~7 years left with increases) + 4 apartments upstairs + a community-facility lower level used by the restaurant for storage. The building is well-maintained with no deferred maintenance and benefits from a remaining 421-a tax abatement(expiring in 2036) that lowers operating expenses and gives a clear forecast for future expenses. High-visibility Victory Blvd frontage, steady commuter/neighbor foot traffic, and walk-to-Ferry/courts location support durable cash flow. Upside is straightforward: preserve the stable restaurant income, mark apartments to market through light refreshes, and let the tax benefit enhance yield.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

7.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2009

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,715 SF

ZONING

R5/C2-1

APN/PARCEL ID

00023-0055

ASK ABOUT THIS PROPERTY

Michael RaiaOzana Realty GroupMore Info
347-552-1207

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Michael RaiaOzana Realty GroupMore Info
347-552-1207

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