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98 Montgomery Ave 2 Unit Apartment Building $599,000 ($299,500/Unit) 8.16% Cap Rate Staten Island, NY 10301
Investment Highlights
- Accepting quick close back up offers for $575,000. Priced to Sell at $599,000 with Projected NOI% of 8%! Recent renovations!
- Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!
- Reconstructed in 2013 (new electricity, plumbing HVAC) and Unit 1 just renovated! Zoned R5 Higher Density for resale value!
Executive Summary
Accepting Quick Close Back Up Offers for $575,000. Priced to Sell at $599,000 with Projected NOI% of 8%!
Accepting quick close back up offers for $575,000. Great Investment Opportunity with Excellent Cash Flow! - Projected rental income of $55,000-$60,000;
Full reconstruction in 2013 (electricity, pluming, HVAC, etc.);
Unit 1 - Vacant - Recently renovated. New kitchen, appliances, flooring, paint, partial bath - Rental Value $2500-$3000
Unit 2- Current rent is $2000. Tenant is current. No lease restrictions and can be provided vacant.
RESALE / REDEVELOPMENT VALUE!!! Zoned R5 which allows a variety of housing at a higher density.
Two family fully detached property 4BR / 2 BA; Separate meters for gas, electric, water/sewer
Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!
Accepting quick close back up offers for $575,000. Great Investment Opportunity with Excellent Cash Flow! - Projected rental income of $55,000-$60,000;
Full reconstruction in 2013 (electricity, pluming, HVAC, etc.);
Unit 1 - Vacant - Recently renovated. New kitchen, appliances, flooring, paint, partial bath - Rental Value $2500-$3000
Unit 2- Current rent is $2000. Tenant is current. No lease restrictions and can be provided vacant.
RESALE / REDEVELOPMENT VALUE!!! Zoned R5 which allows a variety of housing at a higher density.
Two family fully detached property 4BR / 2 BA; Separate meters for gas, electric, water/sewer
Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $599,000 | Building Class | C |
| Price Per Unit | $299,500 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 1,837 SF |
| Cap Rate | 8.16% | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2015 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R5 - R5 districts allow a variety of housing at a higher density than permitted in R3-2 and R4 districts. | ||
| Price | $599,000 |
| Price Per Unit | $299,500 |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 1,837 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2015 |
| Opportunity Zone |
Yes |
| Zoning | R5 - R5 districts allow a variety of housing at a higher density than permitted in R3-2 and R4 districts. |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (81)
Property Taxes
| Parcel Number | 00017-0103 | Total Assessment | $37,020 (2025) |
| Land Assessment | $1,808 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $35,212 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
00017-0103
Land Assessment
$1,808 (2025)
Improvements Assessment
$35,212 (2025)
Total Assessment
$37,020 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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98 Montgomery Ave
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