Log In/Sign Up
Your email has been sent.
25 Sherman Ave 25 Unit Apartment Building $3,500,000 ($140,000/Unit) 6.10% Cap Rate Staten Island, NY 10301
Investment Highlights
- Income producing property
Executive Summary
Prime invest opportunity. Virtual video attached. 25 residential apartments.
Brochure attached with floor plan, apartment mix, and rental info/ financials.
Brochure attached with floor plan, apartment mix, and rental info/ financials.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$400,625
|
$16.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$400,625
|
$16.05
|
| Taxes |
$74,489
|
$2.98
|
| Operating Expenses |
$111,977
|
$4.49
|
| Total Expenses |
$186,466
|
$7.47
|
| Net Operating Income |
$214,159
|
$8.58
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $400,625 |
| Annual Per SF | $16.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $400,625 |
| Annual Per SF | $16.05 |
| Taxes | |
|---|---|
| Annual | $74,489 |
| Annual Per SF | $2.98 |
| Operating Expenses | |
|---|---|
| Annual | $111,977 |
| Annual Per SF | $4.49 |
| Total Expenses | |
|---|---|
| Annual | $186,466 |
| Annual Per SF | $7.47 |
| Net Operating Income | |
|---|---|
| Annual | $214,159 |
| Annual Per SF | $8.58 |
Property Facts Under Contract
| Price | $3,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $140,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.10% | Building Size | 24,960 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 99% |
| No. Units | 25 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3A - areas for low-density residential development, specifically allowing single-family or two-family detached or zero-lot-line houses | ||
| Price | $3,500,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Sale Condition | 1031 Exchange |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 24,960 SF |
| Average Occupancy | 99% |
| No. Stories | 4 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R3A - areas for low-density residential development, specifically allowing single-family or two-family detached or zero-lot-line houses |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Intercom
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | - |
| 2+1 | 10 | - | - |
| 1+1 | 12 | - | - |
1 1
Transit Score®
Excellent Transit (78)
Property Taxes
| Parcel Number | 00026-0013 | Total Assessment | $636,300 (2025) |
| Land Assessment | $311,850 (2025) | Annual Taxes | $74,489 ($2.98/SF) |
| Improvements Assessment | $324,450 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
00026-0013
Land Assessment
$311,850 (2025)
Improvements Assessment
$324,450 (2025)
Total Assessment
$636,300 (2025)
Annual Taxes
$74,489 ($2.98/SF)
Tax Year
2023
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
25 Sherman Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.