$1,799,000
40 Hancock Street
Staten Island, NY 10305
MLS# 2600609
9 beds  |  4 baths  |  3840 sqft
Welcome to 40 Hancock Street!
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Welcome to 40 Hancock Street! Welcome to 40 Hancock Street! Apartment 1R - Entrance Apartment 1R - Entry Foyer Apartment 1R - Kitchen Apartment 1R - Kitchen Apartment 1R - Kitchen Apartment 1F - Kitchen Apartment 1R - Hallway Apartment 1R - Living Room Apartment 1R - Living Room Apartment 1R - Living Room Apartment 1R - Living Room Apartment 1R - Bathroom Apartment 1R - Bathroom Apartment 1R - Bathroom Apartment 1R - Bathroom Apartment 1R - Bedroom Apartment 1R - Bedroom Apartment 1R - Bedroom Apartment 1F - Kitchen Apartment 1F - Living Room Apartment 1F - Living Room Apartment 1F - Bedroom Apartment 1F - Bedroom Apartment 1F - Bathroom Apartment 2F - Kitchen Apartment 2F - Kitchen Apartment 2F - Bedroom Apartment 2F - Bedroom Apartment 2F - Bedroom Apartment 2F - Bathroom Apartment 2F - Bathroom Apartment 1R - Kitchen

Property Description
4-FAMILY! SEPARATE UTILITIES! COMMERCIAL OVERLAY! Great investment opportunity! Located in the desirable Dongan Hills community near the Staten Island Railroad, Dongan Hills Station. This 4 family building features 4 gas meters, 5 electric meters, 4 heating systems, and 4 domestic hot water heaters. Each of the four apartments have 2 bedrooms, a living room, an eat-in kitchen and a full bathroom. The two front units are 980 sq ft and the two rear units are 1080 sq ft. The owner occupied first floor rear apartment has a separate sub-apartment in the basement with a kitchen, a full bathroom and a bedroom. There is the potential for expanding the two rear apartments to 3 bedrooms. There is a four car garage on the ground floor that could be converted for commercial business use. Each apartment (except the owner occupied unit which can be rented at the same rate) is currently rented at 2500 dollars/month. Net Operating Income calculates to a 5+ percentage CAP rate. In addition to the SIR, there are numerous local and express bus lines nearby (S78, S79, SIM1, SIM1C, SIM7, SIM10 and SIM11). Location is also convenient to the Hylan Blvd retail district. Recent Upgrades include: new roof coating (done annually), kitchen upgrades (first floor front unit & second floor front unit - 2023, first floor rear unit upgraded in 2015 and second floor rear unit in 2018), new hot water heaters (2023), new stucco exterior for added insulation, automatic garage door openers and a comprehensive security system (14 cameras).

Details
Maps
Documents
Address/Legal
Section: Mid-Island
Country: United States
International YN: No
Contract/Location Information
List Price/SqFt: 468.49
CofO: No
List Type: Exclusive Right to Sell
REO: No
Owner Finance: No
General Property Info
Stories: 2
Taxes: 22942
Half Baths: 0
Tax Abated: No
Lot Size SqFt: 3496
Year Built Info: Approx
Lot Dim: 34x100
Irregular: No
No. of Heating Units: 4
Air Conditioner: Units
# of A/C Units: 8
Condition: Excellent
Basement Type: Full
Public Remarks: 4-FAMILY! SEPARATE UTILITIES! COMMERCIAL OVERLAY! Great investment opportunity! Located in the desirable Dongan Hills community near the Staten Island Railroad, Dongan Hills Station. This 4 family building features 4 gas meters, 5 electric meters, 4 heating systems, and 4 domestic hot water heaters. Each of the four apartments have 2 bedrooms, a living room, an eat-in kitchen and a full bathroom. The two front units are 980 sq ft and the two rear units are 1080 sq ft. The owner occupied first floor rear apartment has a separate sub-apartment in the basement with a kitchen, a full bathroom and a bedroom. There is the potential for expanding the two rear apartments to 3 bedrooms. There is a four car garage on the ground floor that could be converted for commercial business use. Each apartment (except the owner occupied unit which can be rented at the same rate) is currently rented at 2500 dollars/month. Net Operating Income calculates to a 5+ percentage CAP rate. In addition to the SIR, there are numerous local and express bus lines nearby (S78, S79, SIM1, SIM1C, SIM7, SIM10 and SIM11). Location is also convenient to the Hylan Blvd retail district. Recent Upgrades include: new roof coating (done annually), kitchen upgrades (first floor front unit & second floor front unit - 2023, first floor rear unit upgraded in 2015 and second floor rear unit in 2018), new hot water heaters (2023), new stucco exterior for added insulation, automatic garage door openers and a comprehensive security system (14 cameras).
Pool Y/N: No
Rent Control # of Units: 0
Rent Stabilized # Units: 0
HOA YN: No
Bedrooms: 9
Full Baths: 4
Total Baths: 4
Year Built: 1931
Building SqFt: 3840
Number of Units: 4
Garage Capacity: 4
Unit 1
Unit 1 - Basement Unit YN: No
Unit 1 - Level: 1
Unit 1 - # Rooms: 4
Unit 1 - # Bedrooms: 2
Unit 1 - # Baths: 1
Rent/Month: 2500
Unit 1 - Dishwasher: 1
Unit 1 Leased?: Yes
Unit 1 - Refrigerator: 1
Unit 1 - Stove: 1
Unit 1 - Full Baths: 1
Unit 1 - Remarks: 1F
Sewer
City: 1
Income & Expenses
Gross Income: 120000
Electric Expense: 600
Net Income: 92400
Insurance Expense: 4000
Operating Expense: 27600
Cap Rate: 5
Appliances
Total # Dishwashers: 2
Total # Ranges: 4
Total # Refrigerators: 4
Unit 2
Unit 2 - # Baths: 1
Unit 2 - Basement Unit YN: No
Unit 2 - Level: 1
Unit 2 - # Rooms: 4
Unit 2 - # Bedrooms: 2
Unit 2 - Rent/Month: 2500
Unit 2 - Dishwasher: 1
Unit 2 Leased?: Yes
Unit 2 - Refrigerator: 1
Unit 2 - Stove: 1
Unit 2 - Full Baths: 1
Unit 2 - Remarks: 1R
Unit 3
Unit 3 - Basement Unit YN: No
Unit 3 - Level: 2
Unit 3 - # Rooms: 4
Unit 3 - # Bedrooms: 2
Rent/Month: 2500
Unit 3 - # Baths: 1
Unit 3 Leased?: Yes
Unit 3 - Refrigerator: 1
Unit 3 - Stove: 1
Unit 3 - Full Baths: 1
Unit 3 - Remarks: 2F
Electric
110: 1
Exterior
Fence: 1
Garage Door Opener: 1
Shed: 1
Unit 4
Unit 4 - Basement Unit YN: No
Unit 4 - Level: 2
Unit 4 - # Rooms: 4
Unit 4 - # Bedrooms: 2
Rent/Month: 2500
Unit 4 - # Baths: 1
Unit 4 Leased?: Yes
Unit 4 - Refrigerator: 1
Unit 4 - Stove: 1
Unit 4 - Full Baths: 1
Unit 4- Remarks: 2R
Heat Source
Gas: 1
Heat System
Hot Water: 1
Interior
Ceiling Fan: 1
Security System: 1
Kitchen
Eat In: 1
Yard/Deck Access: 1
Living Room
Formal: 1
Electric Meters
Individual: 1
Main Bath
Full Bath: 1
Gas Meters
Individual: 1
Parking
Off Street: 1
Garage Location
Built-in: 1
Siding
Brick: 1
Stucco: 1
Yard
Back: 1
Front: 1
Side: 1
AddressLegal
Street No.: 40
Street Name: Hancock
Street Suffix: Street
County: Richmond
State: NY
Zip Code: 10305
Area Name: Dongan Hills-Above Hylan
Parcel ID: 03341-0008
ContractLocation Information
Status: Active
Marketing/Listing Date: 2026-02-02
List Price: $1,799,000
Current Price: $1,799,000
Sub-Type: 4F
Zoning: R3-2 / C1
Block: 03341
Lot: 0008
Property Features
Unit 1: Unit 1 - Dishwasher; Unit 1 - Refrigerator; Unit 1 - Stove
Unit 2: Unit 2 - Dishwasher; Unit 2 - Refrigerator; Unit 2 - Stove
Unit 3: Unit 3 - Refrigerator; Unit 3 - Stove
Unit 4: Unit 4 - Refrigerator; Unit 4 - Stove
Exterior: Fence; Garage Door Opener; Shed
Interior: Ceiling Fan; Security System
Kitchen: Eat In; Yard/Deck Access
Electric Meters: Individual
Living Room: Formal
Gas Meters: Individual
Main Bath: Full Bath
Electric: 110
Parking: Off Street
Garage Location: Built-in
Yard: Back; Front; Side
Siding: Brick; Stucco
Heat Source: Gas
Heat System: Hot Water
Listing Courtesy of Tom Crimmins Realty, Ltd.

Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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