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646-662 Port Richmond Ave 43 Unit Apartment Building $10,800,000 ($251,163/Unit) 6.71% Cap Rate Staten Island, NY 10302
Investment Highlights
- **STANDOUT OPPORTUNITY: THIS BUILDING IS NOT RENT STABILIZED**, OFFERING A CURRENT GROSS RENTAL INCOME OF $1,007,423 !!
- THIS BUILDING INCLUDES 1 LARGE OFFICE, 13 TWO-BEDROOM APARTMENTS, 17 ONE-BEDROOM APARTMENTS, AND 12 STUDIO APARTMENTS.
- Are You Looking for an Income Generating Property? THIS IS YOUR OPPORTUNITY TO BE A PROPRIETOR IN THE CITY OF NY CURRENTLY COLLECTING $1M IN RENT
- LOCATED ON A 200' X 180' LOT WITH 39 PRIVATE PARKING SPACES
- LOCATED IN THE HIGHLY CONVENIENT PORT RICHMOND NEIGHBORHOOD, THE PROPERTY BENEFITS FROM EASY ACCESS TO LOCAL CITY BUSES TO BROOKLYN & MANHATTAN,
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,007,423
|
$37.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,007,423
|
$37.10
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$283,000
|
$10.42
|
| Net Operating Income |
$724,423
|
$26.68
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,007,423 |
| Annual Per SF | $37.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,007,423 |
| Annual Per SF | $37.10 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $283,000 |
| Annual Per SF | $10.42 |
| Net Operating Income | |
|---|---|
| Annual | $724,423 |
| Annual Per SF | $26.68 |
Property Facts
| Price | $10,800,000 | Apartment Style | Garden |
| Price Per Unit | $251,163 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.83 AC |
| Cap Rate | 6.71% | Building Size | 27,152 SF |
| Gross Rent Multiplier | 10.6 | Average Occupancy | 98% |
| No. Units | 43 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Zoning | R3A - ZONING R3A - ALL BRICK 43 UNIT MULTI FAMILY GARDEN STYLE BUILDING WITH 39 PRIVATE PARKING SPACES | ||
| Price | $10,800,000 |
| Price Per Unit | $251,163 |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| Gross Rent Multiplier | 10.6 |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 27,152 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 1974 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R3A - ZONING R3A - ALL BRICK 43 UNIT MULTI FAMILY GARDEN STYLE BUILDING WITH 39 PRIVATE PARKING SPACES |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Wi-Fi
- Maintenance on site
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | 312 |
| 1+1 | 18 | - | 679 |
| 2+1 | 12 | - | 738 |
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01132-0001 | Improvements Assessment | $1,284,750 |
| Land Assessment | $96,300 | Total Assessment | $1,381,050 |
Property Taxes
Parcel Number
01132-0001
Land Assessment
$96,300
Improvements Assessment
$1,284,750
Total Assessment
$1,381,050
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