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Two 4-family buildings in New Dorp 63 Titus Ave 8 Unit Apartment Building $2,999,999 ($375,000/Unit) 6.27% Cap Rate Staten Island, NY 10306
INVESTMENT HIGHLIGHTS
- Landscaped Yard
- New Dorp - highly coveted mid-Island location
- Access to local and express bus
- Rear parking lot
- Not subject to rent control
- Nearby shopping, dining and grocery stores in walking distance
EXECUTIVE SUMMARY
63, 65 Titus Ave features twin buildings located in New Dorp not subject to rent control. Set within a landscaped yard, these two-story walk-up buildings consists of a total eight units: four 2 bedroom / 1 bath apartments and four 3-bedroom / 2 bathroom apartments. Each building has a fully finished basement with a separate entrance and a private driveway leading to an exclusive rear parking lot. Rents are under market.
Located in New Dorp, one of Staten Island’s most vibrant and walkable towns, this site offers unmatched convenience and accessibility. 63, 65 Titus Ave has proximity to a wide range of shopping, dining and entertainment options including HL Supermarket, Stop & Shop and The Boulevard, a large open air shopping plaza anchored by Shop Rite and Alamo Drafthouse Cinema. Also nearby is Staten Island University Hospital, Staten Island Technical High School and New Dorp High School. Public transportation is easily accessible with both local and express buses: S78, S79, SIM1 and SIM5.
SALES PRICE: $2,999,999/ $375,000 PER UNIT
CAP RATE: 6.3% / NOI: $188,884
2025 REAL ESTATE TAXES: $54,116
Located in New Dorp, one of Staten Island’s most vibrant and walkable towns, this site offers unmatched convenience and accessibility. 63, 65 Titus Ave has proximity to a wide range of shopping, dining and entertainment options including HL Supermarket, Stop & Shop and The Boulevard, a large open air shopping plaza anchored by Shop Rite and Alamo Drafthouse Cinema. Also nearby is Staten Island University Hospital, Staten Island Technical High School and New Dorp High School. Public transportation is easily accessible with both local and express buses: S78, S79, SIM1 and SIM5.
SALES PRICE: $2,999,999/ $375,000 PER UNIT
CAP RATE: 6.3% / NOI: $188,884
2025 REAL ESTATE TAXES: $54,116
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,999,999 | Apartment Style | Garden |
| Price Per Unit | $375,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.27% | Building Size | 4,032 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Zoning | R3-1 | ||
| Price | $2,999,999 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,032 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2019 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | R3-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 04031-0026 | Total Assessment | $335,700 |
| Land Assessment | $56,410 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $279,290 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
04031-0026
Land Assessment
$56,410
Improvements Assessment
$279,290
Total Assessment
$335,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Two 4-family buildings in New Dorp | 63 Titus Ave
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