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6 unit Multifamily for sale 69 Starbuck St 7 Unit Apartment Building $2,300,000 ($328,571/Unit) 5.64% Cap Rate Staten Island, NY 10304
INVESTMENT HIGHLIGHTS
- Quiet residential street
- Large backyard with lawn and outdoor dining area
- Near Wagner College, Notre Dame Academy
- Access to shopping and amenities on Richmond Rd
- View of water and VZ bridge from multiple balconies
- Close to local bus s74 and s76
EXECUTIVE SUMMARY
69 Starbuck St features a stately 3 -story multi-family building in the Grymes Hill neighborhood of Staten Island. Multiple
balconies offer scenic views of the Verrazano Bridge and the water, while the expansive backyard provides space for
outdoor dining.
This property is fully occupied and includes six rent-stabilized units with a mix of 3-bedroom, 2-bedroom and 1-bedroom
units. Additionally, a full basement is leased separately, generating additional rental income.
Located on the North Shore of Staten Island, 69 Starbuck is just 2 blocks from Richmond Rd which has dining and food
options and access to local buses S74 and s76. Situated close to Wagner College, the former St John’s University,
Notre Dame Academy and Michael J. Petrides School (Pre-K–12), this property has access to some of the premier
educational institutions on Staten Island.
6 UNITS plus basement
o One – 3 bedroom / 2 bathroom unit on the 3F
o One – 3 bedroom / 1 bathroom unit on the 1F
o One – 2 bedrrom / 1 bathroom unit on 2F
o Three – 1 bedrrom / 1 bathroom units on 1F and 2F
SALES PRICE: $2,300,000 / $383,333 PER UNIT
balconies offer scenic views of the Verrazano Bridge and the water, while the expansive backyard provides space for
outdoor dining.
This property is fully occupied and includes six rent-stabilized units with a mix of 3-bedroom, 2-bedroom and 1-bedroom
units. Additionally, a full basement is leased separately, generating additional rental income.
Located on the North Shore of Staten Island, 69 Starbuck is just 2 blocks from Richmond Rd which has dining and food
options and access to local buses S74 and s76. Situated close to Wagner College, the former St John’s University,
Notre Dame Academy and Michael J. Petrides School (Pre-K–12), this property has access to some of the premier
educational institutions on Staten Island.
6 UNITS plus basement
o One – 3 bedroom / 2 bathroom unit on the 3F
o One – 3 bedroom / 1 bathroom unit on the 1F
o One – 2 bedrrom / 1 bathroom unit on 2F
o Three – 1 bedrrom / 1 bathroom units on 1F and 2F
SALES PRICE: $2,300,000 / $383,333 PER UNIT
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) 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 | $2,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $328,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.64% | Building Size | 5,875 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | ||
| Zoning | R3-2 | ||
| Price | $2,300,000 |
| Price Per Unit | $328,571 |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,875 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1954 |
| Zoning | R3-2 |
AMENITIES
UNIT AMENITIES
- Balcony
- Yard
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $3,000 | - |
| 3+2 | 1 | $2,635 | - |
| 2+1 | 1 | $2,300 | - |
| 1+1 | 1 | $2,100 | - |
| 1+1 | 1 | $1,800 | - |
| 1+1 | 1 | $1,600 | - |
| 1+1 | 1 | $1,400 | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 00631-0185 | Total Assessment | $254,700 (2025) |
| Land Assessment | $6,692 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $248,008 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
00631-0185
Land Assessment
$6,692 (2025)
Improvements Assessment
$248,008 (2025)
Total Assessment
$254,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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6 unit Multifamily for sale | 69 Starbuck St
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