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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 (79)
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
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