Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

97 Victory Blvd 4 Unit Apartment Building $1,500,000 ($375,000/Unit) 7.38% Cap Rate Staten Island, NY 10301

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

High Traffic Area
421-A Expires in 11 years
Incredibly well Maintained

Built 2009
Fully occupied

Executive Summary

97 Victory Blvd, built in 2009, is a below-replacement-cost, clean as-is mixed-use in the heart of St. George: 1 ground-floor retail storefront + 4 apartments upstairs + a community-facility lower level used by the restaurant for storage. The building is well-maintained with no deferred maintenance and benefits from a remaining 421-a tax abatement(expiring in 2036) that lowers operating expenses and gives a clear forecast for future expenses. High-visibility Victory Blvd frontage, steady commuter/neighbor foot traffic, and walk-to-Ferry/courts location support durable cash flow. Upside is straightforward: preserve the stable restaurant income, mark apartments to market through light refreshes, and let the tax benefit enhance yield.

97 Victory Blvd-3

Financial Summary (Actual - 2025)	Annual	Annual Per SF
Gross Rental Income	$154,608	$39.27
Other Income	-	-
Vacancy Loss	$10,322	$2.62
Effective Gross Income	$144,286	$36.65
Taxes	$7,941	$2.02
Operating Expenses	$25,637	$6.51
Total Expenses	$33,578	$8.53
Net Operating Income	$110,708	$28.12

Financial Summary (Actual - 2025)

Gross Rental Income
Annual	$154,608
Annual Per SF	$39.27

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$10,322
Annual Per SF	$2.62

Effective Gross Income
Annual	$144,286
Annual Per SF	$36.65

Taxes
Annual	$7,941
Annual Per SF	$2.02

Operating Expenses
Annual	$25,637
Annual Per SF	$6.51

Total Expenses
Annual	$33,578
Annual Per SF	$8.53

Net Operating Income
Annual	$110,708
Annual Per SF	$28.12

Property Facts

Price	$1,500,000	Building Class	B
Price Per Unit	$375,000	Lot Size	0.06 AC
Sale Type	Investment	Building Size	3,937 SF
Cap Rate	7.38%	No. Stories	3
No. Units	4	Year Built	2009
Property Type	Multifamily	Parking Ratio	0.51/1,000 SF
Property Subtype	Apartment General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R5/C2-1 - Mix-Use Zoning

Price	$1,500,000
Price Per Unit	$375,000
Sale Type	Investment
Cap Rate	7.38%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office
Building Class	B
Lot Size	0.06 AC
Building Size	3,937 SF
No. Stories	3
Year Built	2009
Parking Ratio	0.51/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R5/C2-1 - Mix-Use Zoning