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191 Lamberts Ln 2 Unit Apartment Building $949,000 ($474,500/Unit) 5.90% Cap Rate Staten Island, NY 10314
EXECUTIVE SUMMARY
Investor’s Dream in Prime Bulls Head!
Turn-key two-family semi-attached home at 191 Lamberts Lane generating $5,500 per month with two reliable tenants already in place. Perfect for any investor seeking immediate cash flow in one of Staten Island’s strongest rental markets.
Unit 1: A spacious 3-bedroom duplex featuring a unique multi-level layout, generous living and dining areas, and recent updates throughout. Includes 1 full bath and currently rents for $3,281 per month.
Unit 2: A bright and comfortable 2-bedroom duplex offering a distinctive layout, updated finishes, and 1 full bath. Currently rented for $2,241 per month.
The property also includes a finished basement with its own private entrance and its own electric meter, offering excellent flexibility for the new owner—ideal for storage, recreation, or future customization. A long 3-car driveway provides ample parking, and the property features a low-maintenance yard for easy upkeep.
Located seconds from the Staten Island Expressway and close to shopping, buses, parks, schools, and everyday conveniences. A great opportunity to own a stable, income-producing asset in the heart of Bulls Head.
Turn-key two-family semi-attached home at 191 Lamberts Lane generating $5,500 per month with two reliable tenants already in place. Perfect for any investor seeking immediate cash flow in one of Staten Island’s strongest rental markets.
Unit 1: A spacious 3-bedroom duplex featuring a unique multi-level layout, generous living and dining areas, and recent updates throughout. Includes 1 full bath and currently rents for $3,281 per month.
Unit 2: A bright and comfortable 2-bedroom duplex offering a distinctive layout, updated finishes, and 1 full bath. Currently rented for $2,241 per month.
The property also includes a finished basement with its own private entrance and its own electric meter, offering excellent flexibility for the new owner—ideal for storage, recreation, or future customization. A long 3-car driveway provides ample parking, and the property features a low-maintenance yard for easy upkeep.
Located seconds from the Staten Island Expressway and close to shopping, buses, parks, schools, and everyday conveniences. A great opportunity to own a stable, income-producing asset in the heart of Bulls Head.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$66,264
|
$40.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,264
|
$40.45
|
| Taxes |
$6,160
|
$3.76
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,160
|
$3.76
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $66,264 |
| Annual Per SF | $40.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,264 |
| Annual Per SF | $40.45 |
| Taxes | |
|---|---|
| Annual | $6,160 |
| Annual Per SF | $3.76 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,160 |
| Annual Per SF | $3.76 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $3,241 | - |
| 2+1 | 1 | $2,261 | - |
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191 Lamberts Ln
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