Multifamily Apartment
1 Scarboro Ave Staten Island, NY 10305
1 Scarboro Ave, Staten Island, NY, 10305
Contact for pricing
For Sale
Contact for pricing
Pending
Multifamily building with 102 units, underground parking, and private balconies offering water and city views.
Property Size98,864 SF
Days on Market790
Property Features for 1 Scarboro Ave
General Information
- Standard status
- Pending
- Size
- 98,864 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing agency
Revolution Real Estate
Listed by
Dora Lind · License #10401347264
Source
Crexi
Added: May 24, 2024 Updated: Jul 19 at 8:42PM Checked: Jul 19 at 8:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Revolution Real Estate
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building consists of 102 units and includes underground parking. Residences feature private balconies with water and city views. The building’s units are individually serviced with separate boilers and hot water tanks.
Tenant-paid utilities are in place, with tenants responsible for heat, hot water, cooking gas, electric, and sub-metered water. The property also includes washer/dryer setups within the units.
The configuration is designed for tenant utility responsibility and includes individual mechanical systems for each unit, along with balcony access and below-grade parking.
Tenant-paid utilities are in place, with tenants responsible for heat, hot water, cooking gas, electric, and sub-metered water. The property also includes washer/dryer setups within the units.
The configuration is designed for tenant utility responsibility and includes individual mechanical systems for each unit, along with balcony access and below-grade parking.
Key Highlights
- 2023‑built multifamily building with 102 units
- Underground parking included
- Units have private balconies with water and city views
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $4.75M | $48.00 |
| − Vacancy | −$403.4k | −$4.08 |
| EGI | $4.34M | $43.92 |
| − OpEx | −$1.95M | −$19.76 |
| NOI | $2.39M | $24.16 |
98,864 SF · lease $48.00/SF/yr · vacancy 8.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$34.12M
$29.85M – $39.80M
NOI $2,388,159 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$47.17M
$41.28M – $55.03M
NOI $3,302,080 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Multifamily building with 102 units, underground parking, and private balconies offering water and city views.
Where is this apartment building located?
The property is located at 1 Scarboro Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $49,000,000.
What are key features of this property?
This property features: 2023‑built multifamily building with 102 units; Underground parking included; Units have private balconies with water and city views
