80-82 State St, Staten Island, NY 10310-1919 | 80-82 State St
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80-82 State St, Staten Island, NY 10310-1919 80-82 State St
5 Unit Apartment Building $1,450,000 ($290,000/Unit) 6.37% Cap Rate Staten Island, NY 10310
Investment Highlights
- buildable lot one story commercial warehouse
- Buildable space
- Approved sub-division
Executive Summary
Unlock the potential of this exceptional 4-unit multifamily property, perfectly positioned for savvy investors! Currently generating income with free market rents, this property also offers a compelling value-add opportunity, featuring below market rents that can be adjusted to maximize your investment returns.
In addition to the residential units, this listing includes a buildable lot zoned C1-2, allowing for potential warehouse development. This prime zoning opens doors for various commercial uses, further enhancing the value of your investment.
Situated in a thriving neighborhood, the property is conveniently located near essential amenities, public transportation, and popular local attractions. Each unit provides comfortable living spaces with great natural light, ensuring consistent tenant appeal.
Don’t miss out on this rare combination of multifamily income and commercial potential! Schedule your private tour today and discover the endless possibilities this property has to offer.
In addition to the residential units, this listing includes a buildable lot zoned C1-2, allowing for potential warehouse development. This prime zoning opens doors for various commercial uses, further enhancing the value of your investment.
Situated in a thriving neighborhood, the property is conveniently located near essential amenities, public transportation, and popular local attractions. Each unit provides comfortable living spaces with great natural light, ensuring consistent tenant appeal.
Don’t miss out on this rare combination of multifamily income and commercial potential! Schedule your private tour today and discover the endless possibilities this property has to offer.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $1,450,000 | Apartment Style | Low Rise |
| Price Per Unit | $290,000 | Building Class | C |
| Sale Type | Investment | Building Size | 3,520 SF |
| Cap Rate | 6.37% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1932 |
| Property Subtype | Apartment |
| Price | $1,450,000 |
| Price Per Unit | $290,000 |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 3,520 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1932 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $2,636 | - |
| 3+1 | 1 | $1,711 | - |
| 3+1 | 1 | $2,222 | - |
| 3+1 | 1 | $1,943 | - |
| 1+1 | 1 | $1,500 | - |
1 of 1
Walk Score ®
Very Walkable (84)
zoning
| Zoning Code | R3-2 Comm (Low density residential distric) |
| R3-2 Comm (Low density residential distric) |
-
Maurice Molcho -
Ron Molcho -
Molcho Realty Group
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80-82 State St, Staten Island, NY 10310-1919 | 80-82 State St
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