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1000 Targee St 99 Unit Apartment Building $27,500,000 ($277,778/Unit) 7% Cap Rate Staten Island, NY 10304
EXECUTIVE SUMMARY
This prime four-story investment property is situated along the Hudson River, offering excellent public transportation to ferries to Manhattan and Brooklyn, and just minutes away from the Verrazzano Bridge. The building boasts an impressive exterior and features 98 one-bedroom units and one three-bedroom unit, total 78 outdoor parking spaces for tenants. Each floor is equipped with laundry facilities. Currently fully leased, the property demonstrates strong competitive potential in the market.
PROPERTY FACTS
| Price | $27,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $277,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.61 AC |
| Cap Rate | 7% | Building Size | 74,260 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 100% |
| No. Units | 99 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Zoning | R3-2, Staten Island, (D5) - Residential | ||
| Price | $27,500,000 |
| Price Per Unit | $277,778 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 14 |
| No. Units | 99 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.61 AC |
| Building Size | 74,260 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1972 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | R3-2, Staten Island, (D5) - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Oven
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 98 | - | 450 |
| 3+1 | 1 | - | 642 |
1 1
Walk Score®
Very Walkable (73)
Transit Score®
Excellent Transit (73)
PROPERTY TAXES
| Parcel Number | 03168-0161 | Improvements Assessment | $2,383,200 |
| Land Assessment | $615,150 | Total Assessment | $2,998,350 |
PROPERTY TAXES
Parcel Number
03168-0161
Land Assessment
$615,150
Improvements Assessment
$2,383,200
Total Assessment
$2,998,350
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1000 Targee St
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