414 Garretson Ave
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414 Garretson Ave
36 Unit Apartment Building $2,000,000 ($55,556/Unit) 3.81% Cap Rate Staten Island, NY 10305
Investment Highlights
- High Traffic High Visibility
- Convenient Location
- Income Producing
Executive Summary
Amazing opportunity to own this 8-unit income producing investment property with the potential to create medical suites located across the street from SI hospital. Walk to transportation, stores, and a short distance to the Verrazzano Bridge. A desirable location for tenants and doctors. Each floor consists of 2 studio apartments and 2 one-bedroom apartments. The studio apartments feature an open living space with a tiled kitchen area large enough for a table, closets for storage, and a full bathroom. The one-bedroom apartments features a galley kitchen, an area for a dining table, a living room, bedroom, closets for storage, and a full bathroom. Every unit has an individual electric meter for heat, hot water, lighting, stove, and cooking. Half the basement is finished with the potential for a medical suite. Each apartment comes with an assigned parking space located behind the building.
Financial Summary (Actual - 2023) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,000,000 | Apartment Style | Low Rise |
| Price Per Unit | $55,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 3.81% | Building Size | 6,122 SF |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment |
| Price | $2,000,000 |
| Price Per Unit | $55,556 |
| Sale Type | Investment |
| Cap Rate | 3.81% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,122 SF |
| No. Stories | 2 |
| Year Built | 1985 |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,300 | - |
| 1+1 | 2 | $1,400 | - |
| Studios | 3 | $1,400 | - |
| Studios | 4 | $1,400 | - |
| 1+1 | 5 | $1,350 | - |
| 1+1 | 6 | $1,450 | - |
| Studios | 7 | $950.00 | - |
| Studios | 8 | $1,100 | - |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 03379-0072 | Improvements Assessment | $342,143 (2024) |
| Land Assessment | $7,057 (2024) | Total Assessment | $349,200 (2024) |
PROPERTY TAXES
Parcel Number
03379-0072
Land Assessment
$7,057 (2024)
Improvements Assessment
$342,143 (2024)
Total Assessment
$349,200 (2024)
zoning
| Zoning Code | R3-1 |
| R3-1 |
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414 Garretson Ave
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