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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,
Executive Summary
NOT SUBJECT TO RENT FREEZE!!! ***PRESENTING AN AMAZING OPPORTUNITY TO OWN A NOT RENT STABILIZED 43 UNIT BIULDING! ***High Income Gross Income: $1, 003, 460. ALL BRICK GARDEN STYLE APARTMENT BUILDING COMPLEX . SEE ATTACHED DOCUMENT!! THIS ALL BRICK 27, 152 FT 43 UNIT BUILDING FEATURES: 39 PRIVATE PARKING SPACES, VERY LARGE BASEMENT WITH LAUNDRY AREA AND 2 OUTDOOR ACCESS ON A 200' x 190' FT LOT. 6 YR YOUNG ROOF, A 9 YR YOUNG VERY EFFICIENT HEATING SYSTEM. PROPERTY CONSIST OF 2 LARGE 1ST FLOOR OFFICE WITH ITS OWN ADDRESS, 13 TWO BEDROOMS APARTMENTS, 17 ONE BEDROOMS APARTMENTS AND 12 STUDIO APARTMENTS. UTILIZE THE ADVANTAGES OF BEING PART OF NEW YORK CITY YET LOCATED IN THE BEAUTIFUL BOROUGH OF STATEN ISLAND, NY. IN THE CONVENIENT NEIGHBORHOOD OF PORT RICHMOND. SHOPPING AND CITY BUSES TO BROOKLYN, MANHATTAN, AND STATEN ISLAND MALL RIGHT OUTSIDE THE DOOR. FINANCIALS FURNISHED UPON REQUEST. CHANCE OF A LIFETIME INVESTMENT.!
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 |
$127,000
|
$4.68
|
| Net Operating Income |
$880,423
|
$32.43
|
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 | $127,000 |
| Annual Per SF | $4.68 |
| Net Operating Income | |
|---|---|
| Annual | $880,423 |
| Annual Per SF | $32.43 |
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 | $1,391,400 (2026) |
| Land Assessment | $96,300 (2026) | Total Assessment | $1,487,700 (2026) |
Property Taxes
Parcel Number
01132-0001
Land Assessment
$96,300 (2026)
Improvements Assessment
$1,391,400 (2026)
Total Assessment
$1,487,700 (2026)
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646-662 Port Richmond Ave
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