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Property Description
Location Location Location!
An exceptional investment opportunity awaits in the highly desirable Father Capodanno Blvd area of Staten Island! Just minutes from the iconic South Beach, close to New York City, shops, and transportation, this 16-unit studio building is a gem for any savvy investor.
Property Highlights:
Current Monthly Income: $25,833
Annual Gross Income: $310,000
Yearly Expenses: Approximately $75,000
Net Operating Income (NOI): $233,800
Zoned for legal SRO (Single Room Occupancy) with R6 zoning—offering immense potential for redevelopment or maximizing rental income.
Potential for Increased Rents: Significant opportunity to improve monthly rental income.
Building Features:
Immaculate condition with well-maintained and updated units.
Newly installed plumbing, heating system, and electrical systems.
Renovated kitchens and bathrooms throughout the building.
Strong tenant base with legal permitted SRO use.
Updated mechanicals ensure lower maintenance and long-term savings.
This turnkey property is a rare find, offering both steady income and room for growth. Whether you’re expanding your portfolio or seeking a prime income-producing property in a sought-after location, this building delivers on every front.
Contact us today for more information or to schedule a private showing!
Features
- Heating System:
- Steam
- Cooling System:
- Wall/window Unit(s)
- Basement:
- Full, Storage Space
- Fence:
- Fenced
- Flooring:
- Ceramic Tile
- Lot Features:
- Near Public Transit, Private, Near School, Near Shops, Front Yard
- Parking Features:
- Off Street
- Sewer:
- Public Sewer
- Utilities:
- See Remarks
Address Map
- City:
- NY
- State:
- NY
- County:
- Richmond (Staten Island)
Property and Construction
- Development Status:
- Vinyl Siding, Advanced Framing Technique
- Agent MlsId:
- 66464
- Office MlsId:
- KWREAL
- Number Of Units:
- 16
- Special Listing Conditions:
- No
- Stories Total:
- 3
- Tax Annual Amount:
- $33,429
- Water Source:
- Public
- Zoning:
- R6
- PhotosCount:
- 14
Commercial Sale For Sale
83 Father Capodanno Boulevard, New York, NY
7,400 Acre
$3,495,000
Listing ID #814196
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Multi Family
- Listing ID :
- 814196
- Price :
- $3,495,000
- Bathrooms Total :
- 0
- Building Area :
- 4,060 Sqft
- Lot Area :
- 7,400 Acre
- Year Built :
- 1931
- Status :
- Active
- Status :
- Active
- Listing Office :
- Keller Williams Realty Group
- Listing Agent :
- Jampa Nyandak
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
