$10,700,000
Staten Island, NY 10302
MLS# 1163405
42 beds | 43 baths | 27152 sqft
1 / 19
Property Description
**STANDOUT OPPORTUNITY: THIS BUILDING IS NOT RENT STABILIZED**, OFFERING FLEXIBILITY TO ADJUST RENTS AND HIGHER POTENTIAL RENTAL INCOME, WITH SIGNIFICANT ROOM FOR FUTURE GROWTH. THE 43-UNIT ALL-BRICK GARDEN-STYLE APARTMENT IS AN INCREDIBLE INVESTMENT OPPORTUNITY IN STATEN ISLAND:! THIS 27,152 SQ. FT. ALL-BRICK BUILDING OFFERS 43 RENTAL UNITS AND IS A PRIME INVESTMENT WITH EXCEPTIONAL UPSIDE POTENTIAL. FEATURING A 3-YEAR-OLD ROOF, 6-YEAR-OLD STATE-OF-THE-ART HEATING SYSTEM, AND A 6,000 SQ. FT. BASEMENT WITH LAUNDRY FACILITIES, THIS PROPERTY IS READY FOR IMMEDIATE REVENUE GENERATION. 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, AND THE STATEN ISLAND MALL. THIS IS A RARE OPPORTUNITY TO INVEST IN STATEN ISLAND, ONE OF NYC'S MOST PROMISING AREAS. FINANCIALS AVAILABLE UPON REQUEST. DON'T MISS OUT ON THIS ONCE-IN-A-LIFETIME INVESTMENT—CONTACT AGENT DIRECT FOR DETAILED FINACIALS !!
Details
Maps
Documents
Address/Legal
Section: North Shore
Country: United States
Contract/Location Information
List Price/SqFt: 394.08
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 3
Taxes: 111965
Tax Abated: No
Lot Size SqFt: 36000
Year Built Info: Approx
Lot Dim: 200' X 180'
Irregular: Yes
Air Conditioner: Units
# of A/C Units: 40
Condition: Excellent
Garage Capacity: 0
# of Parking Spaces: 39
# Units: 43
# of Residential Units: 42
# of Commercial Units: 1
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: **STANDOUT OPPORTUNITY: THIS BUILDING IS NOT RENT STABILIZED**, OFFERING FLEXIBILITY TO ADJUST RENTS AND HIGHER POTENTIAL RENTAL INCOME, WITH SIGNIFICANT ROOM FOR FUTURE GROWTH. THE 43-UNIT ALL-BRICK GARDEN-STYLE APARTMENT IS AN INCREDIBLE INVESTMENT OPPORTUNITY IN STATEN ISLAND:!
THIS 27,152 SQ. FT. ALL-BRICK BUILDING OFFERS 43 RENTAL UNITS AND IS A PRIME INVESTMENT WITH EXCEPTIONAL UPSIDE POTENTIAL. FEATURING A 3-YEAR-OLD ROOF, 6-YEAR-OLD STATE-OF-THE-ART HEATING SYSTEM, AND A 6,000 SQ. FT. BASEMENT WITH LAUNDRY FACILITIES, THIS PROPERTY IS READY FOR IMMEDIATE REVENUE GENERATION. 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, AND THE STATEN ISLAND MALL. THIS IS A RARE OPPORTUNITY TO INVEST IN STATEN ISLAND, ONE OF NYC'S MOST PROMISING AREAS. FINANCIALS AVAILABLE UPON REQUEST. DON'T MISS OUT ON THIS ONCE-IN-A-LIFETIME INVESTMENT—CONTACT AGENT DIRECT FOR DETAILED FINACIALS !!
Pool Y/N: No
# of Heating Units: 1
Rent Control # of Units: 0
Rent Stabilized # Units: 0
Bedrooms: 42
Full Baths: 42
Total Baths: 43
Year Built: 1974
Building SqFt: 27152
Unit 1
Unit 1 - Level: 1
Unit 1 - # Rooms: 1
Unit 1 - # Baths: 1
Rent/Month: 1500
Sewer
City: 1
Unit 3
Unit 3 - Level: 1
Unit 3 - # Rooms: 4
Unit 3 - # Bedrooms: 2
Rent/Month: 1900
Unit 3 - # Baths: 1
Electric
220: 1
Unit 4
Unit 4 - Level: 1
Unit 4 - # Rooms: 2
Rent/Month: 2200
Unit 4 - # Baths: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Heat System
Hot Water: 1
Electric Meters
Individual: 1
Gas Meters
Master: 1
Parking
Off Street: 1
Garage Location
None: 1
Siding
Brick: 1
Income & Expense
Gross Income: 1007460
Total Expense: 283000
Net Income: 724460
Features
Office: 1
Building Info
Building Available SqFt: 27152
Sprinklers: No
Construction
Frame Brick: 1
Masonry: 1
AddressLegal
Street No.: 646-662
Street Name: Port Richmond
Street Suffix: Avenue
County: Richmond
State: NY
Zip Code: 10302
Area Name: Port Richmond
Parcel ID: 01132-0001
ContractLocation Information
Status: Active
Marketing/Listing Date: 2023-07-26
List Price: $10,700,000
Current Price: $10,700,000
Sub-Type: 9+F
Zoning: R3A
Block: 01132
Lot: 0001
Property Features
Electric Meters: Individual
Garage Location: None
Siding: Brick
Gas Meters: Master
Heat Source: Gas
Heat System: Hot Water
Showing Instructions: Call Agent
Electric: 220
Features: Office
Construction: Frame Brick; Masonry
Parking: Off Street
Lead Based Paint Disclosure 
Listing Courtesy of Neuhaus Realty, Inc.
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.