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83 Father Capodanno Blvd Staten Island, NY 10305

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For Sale
$3,250,000

Income-producing 16-unit building near South Beach.

Property Features for 83 Father Capodanno Blvd

General Information

Standard status
Active

Building Details

Year built
1931

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Listing Contact
Jampa Nyandak
Source: Exitrealty

Listing Agency: Keller Williams Realty Group Listing Agent: Jampa Nyandak

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Staten Island 16-Unit Building

Located in the Father Capodanno Blvd area of Staten Island, this 16-unit studio building presents an investment opportunity. The property is situated minutes from South Beach, close to New York City, shops, and transportation. The building is zoned for legal Single Room Occupancy (SRO) with R6 zoning, offering potential for redevelopment or maximizing rental income. The property is in immaculate condition with well-maintained and updated units. Newly installed plumbing, heating system, and electrical systems contribute to lower maintenance and long-term savings. The building features renovated kitchens and bathrooms throughout. The property has a strong tenant base with legal permitted SRO use. The current monthly income is $25,833, resulting in an annual gross income of $310,000. Yearly expenses are approximately $75,000, yielding a Net Operating Income (NOI) of $233,800. There is potential to improve monthly rental income.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Staten Island
County
Richmond
State
New York
Longitude
-74.063338
Latitude
40.594553

FAQs

What type of property is this?
Apartment building - Income-producing 16-unit building near South Beach.
Where is this apartment building located?
The property is located at 83 Father Capodanno Blvd Staten Island, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: - High Net Operating Income (NOI) of $233,800 indicates strong profitability.; - Prime location on Father Capodanno Blvd, minutes from South Beach, NYC, shops, and transportation.; - Legal SRO zoning (R6) provides flexibility for redevelopment or maximizing rental income.
More about this property
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