150 Hendricks Ave 11 Unit Apartment Building $2,389,000 ($217,182/Unit) 6.97% Cap Rate Staten Island, NY 10301

INVESTMENT HIGHLIGHTS

  • rent stabilized building
  • FASTEST GROWING NEIGHBORHOOD

EXECUTIVE SUMMARY

GREAT INVESTMENT OPPORTUNITY IN one of Staten Island's FASTEST GROWING NEIGHBORHOOD 150 Hendricks St, St. George Don't miss out on this fully occupied, rent-stabilized building in the thriving St. George area of New York City! This prime property features: 11 spacious two-bedroom apartments Private parking lot with 10 spots Individually metered units, Tenants pay their own utilities This is a rare find in a neighborhood that's rapidly developing, making it an excellent addition to any investment portfolio. Call now for the complete offering memorandum

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $2,389,000
Price Per Unit $217,182
Sale Type Investment
Cap Rate 6.97%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.25 AC
Building Size 8,000 SF
Average Occupancy 100%
No. Stories 3
Year Built 2012
Parking Ratio 1.25/1,000 SF
Opportunity Zone Yes

UNIT AMENITIES

  • Air Conditioning
  • Wheelchair Accessible (Rooms)

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 2 $2,184 -
1+1 1 $1,650 -
2+1 5 $1,515 -
2+1 2 $1,270 -
2+1 1 $1,250 -
Walk Score®
Very Walkable (70)
Transit Score®
Excellent Transit (73)

PROPERTY TAXES

ZONING

Zoning Code R-5
  • Listing ID: 32627923

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: 150 Hendricks Ave, Staten Island, NY 10301