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Harborview Apartments 80 Scarboro Ave 102 Unit Apartment Building $45,000,000 ($441,176/Unit) 5.30% Cap Rate Staten Island, NY 10305
EXECUTIVE SUMMARY
This newly constructed five-story premium investment property is situated by the picturesque Hudson River with convenient transportation and a direct view of Manhattan across the river. It is close to ferries heading to Manhattan and Brooklyn, and just a few minutes' drive from the Verrazano Bridge. The building features a red brick exterior, modern and spacious interiors, and underground parking, with additional outdoor parking spaces available for visitors. Each unit is equipped with washer hookups. The practical layouts are currently fully leased, offering strong competitive potential in the market. Additionally, the property benefits from a 35-year tax abatement, providing investors with an advantageous opportunity to recoup costs and achieve profitability sooner.
PROPERTY FACTS
| Price | $45,000,000 | Building Class | B |
| Price Per Unit | $441,176 | Lot Size | 1.81 AC |
| Sale Type | Investment | Building Size | 74,260 SF |
| Cap Rate | 5.30% | Average Occupancy | 100% |
| No. Units | 102 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 | ||
| Price | $45,000,000 |
| Price Per Unit | $441,176 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 102 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.81 AC |
| Building Size | 74,260 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2024 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | R4 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Hardwood Floors
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | - | 600 |
| 2+1 | 71 | - | 800 |
| 3+1 | 3 | - | 1,000 |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 02832-0140 | Improvements Assessment | $4,639,500 |
| Land Assessment | $1,416,150 | Total Assessment | $6,055,650 |
PROPERTY TAXES
Parcel Number
02832-0140
Land Assessment
$1,416,150
Improvements Assessment
$4,639,500
Total Assessment
$6,055,650
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Harborview Apartments | 80 Scarboro Ave
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