$7,599,900
Staten Island, NY 10305
MLS# 2505686
18 beds | 27 baths | 13197 sqft
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Property Description
Once-in-a-lifetime investment opportunity with this all-brick, 27-unit multifamily building in the heart of Dongan Hills. The property features 18 one-bedroom duplexes with vaulted ceilings and 9 studios, offering a desirable unit mix with strong tenant demand. Each apartment is separately metered for electric, with a shared heating system that helps keep expenses low. Ideally located just minutes from Hylan Boulevard and Richmond Road, with shopping, dining, and the Staten Island Railroad plus other transit options only steps away, this is a highly tenant-friendly property. Currently grossing 657,000 annually with low operating expenses and room for growth. The building is not rent stabilized, giving investors greater income flexibility. A true once-in-a-lifetime chance to secure a stable, income-producing property in one of Staten Island's most desirable neighborhoods—perfect for both long-term growth and immediate cash flow.
Details
Maps
Address/Legal
Section: Mid-Island
Country: United States
Contract/Location Information
List Price/SqFt: 575.88
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 4
Taxes: 79870
Tax Abated: No
Lot Size SqFt: 12249
Year Built Info: Approx
Lot Dim: 102 X 108
Irregular: No
Air Conditioner: Units
# of A/C Units: 27
Condition: Excellent
# of Parking Spaces: 4
Lease Purchase: No
# of Residential Units: 27
# of Commercial Units: 0
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: Once-in-a-lifetime investment opportunity with this all-brick, 27-unit multifamily building in the heart of Dongan Hills. The property features 18 one-bedroom duplexes with vaulted ceilings and 9 studios, offering a desirable unit mix with strong tenant demand.
Each apartment is separately metered for electric, with a shared heating system that helps keep expenses low. Ideally located just minutes from Hylan Boulevard and Richmond Road, with shopping, dining, and the Staten Island Railroad plus other transit options only steps away, this is a highly tenant-friendly property.
Currently grossing 657,000 annually with low operating expenses and room for growth. The building is not rent stabilized, giving investors greater income flexibility.
A true once-in-a-lifetime chance to secure a stable, income-producing property in one of Staten Island's most desirable neighborhoods—perfect for both long-term growth and immediate cash flow.
Pool Y/N: No
# of Heating Units: 1
Rent Control # of Units: 0
Rent Stabilized # Units: 0
Bedrooms: 18
Full Baths: 27
Total Baths: 27
Year Built: 1975
Building SqFt: 13197
Unit 1
Unit 1 - Level: 1
Unit 1 - # Rooms: 3
Unit 1 - # Bedrooms: 1
Unit 1 - # Baths: 1
Rent/Month: 1565
Sewer
City: 1
Appliances
Total # Ranges: 27
Total # Refrigerators: 27
Total # Washers: 3
Total # Dryers: 3
Unit 2
Unit 2 - # Baths: 1
Rent/Month: 1710
Unit 2 - Level: 1
Unit 2 - # Rooms: 3
Unit 2 - # Bedrooms: 1
Use Restrictions
None: 1
Unit 3
Unit 3 - Level: 1
Unit 3 - # Rooms: 3
Unit 3 - # Bedrooms: 1
Rent/Month: 2612
Unit 3 - # Baths: 1
Electric
110: 1
Unit 4
Unit 4 - Level: 1
Unit 4 - # Rooms: 3
Unit 4 - # Bedrooms: 1
Rent/Month: 2612
Unit 4 - # Baths: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Unit 5
Level: 1
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 2612
Heat System
Hot Water: 1
Unit 6
Level: 1
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 1710
Expenses Include
Insurance: 1
Taxes: 1
Unit 7
Level: 1
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 2612
Unit 8
Level: 1
# Rooms: 3
# Bedrooms: 1
# Baths: 1
Rent/Month: 2612
Electric Meters
Individual: 1
Gas Meters
Master: 1
Parking
On Street: 1
Siding
Brick: 1
Income & Expense
Gross Income: 657540
Total Expense: 143552
Net Income: 513988
Electric Expense: 7600
Insurance Expense: 23750
Maintenance Expense: 13000
Cap Rate: 6.6
Water Expense: 7857
Extras
Cable: 1
Laundry: 1
Storage: 1
Superintendent's Apt: 1
Features
Apartment: 1
Building Info
Building Available SqFt: 12960
Sprinklers: No
Construction
Frame Brick: 1
AddressLegal
Street No.: 70
Street Name: Hancock
Street Suffix: Street
County: Richmond
State: NY
Zip Code: 10305
Area Name: Dongan Hills-Above Hylan
Parcel ID: 03342-0021
ContractLocation Information
Status: Active
Marketing/Listing Date: 2025-09-25
List Price: $7,599,900
Current Price: $7,599,900
Sub-Type: 9+F
Zoning: R3-2
Block: 03342
Lot: 0021
Property Features
Electric Meters: Individual
Siding: Brick
Extras: Cable; Laundry; Storage; Superintendent's Apt
Expenses Include: Insurance; Taxes
Gas Meters: Master
Use Restrictions: None
Heat Source: Gas
Heat System: Hot Water
Showing Instructions: Call Agent
Electric: 110
Features: Apartment
Construction: Frame Brick
Parking: On Street
Listing Courtesy of Robert DeFalco 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.