11-Unit Walk-Up Apartment
For Sale
Contact for pricing
150 Hendricks Avenue, Staten Island, NY 10301
Modern three-story walk-up offers eleven two-bedroom apartments with eight rear parking spaces and separately metered utilities.
Property Size6,559 SF
Price / SF$358.13
Days on Market293
Property Features for 150 Hendricks Avenue
General Information
Standard status
Active
Size
6,559 SF
Class
B
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
R-5
Net Operating Income
$209,417
Additional Details
Multifamily Units
11
Building Details
Year Built
2012
Buildings
1
Stories
3
Units
11
Tenancy
Multi
Listing Agency:
Revolution Real Estate
Listed By:
Salvatore Taormina · License #000000
Source:
Crexi
Added: Jan 7
Changed: Oct 25
Last Checked: Oct 26 at 4:46PM
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
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Investment Insights
Based on property information with market context.
Well-maintained masonry and concrete block 11-family walk-up apartment building constructed in 2012. The property is arranged as three stories with eleven two-bedroom apartments total, including three units on the first floor, four on the second floor, and four on the third floor.
The building includes eight rear parking spaces. All utilities are separately metered, with tenants responsible for heat, hot water, cooking gas, and electric.
As an income-focused residential investment, the property also benefits from a 25-year tax abatement, with current annual taxes approximately $743. The location provides access to Empire Outlets, the Staten Island Ferry, and the Staten Island Yankees for commuters traveling toward Manhattan.
The building includes eight rear parking spaces. All utilities are separately metered, with tenants responsible for heat, hot water, cooking gas, and electric.
As an income-focused residential investment, the property also benefits from a 25-year tax abatement, with current annual taxes approximately $743. The location provides access to Empire Outlets, the Staten Island Ferry, and the Staten Island Yankees for commuters traveling toward Manhattan.
Key Highlights
- 2012 three‑story masonry concrete block walk‑up with 11 two‑bedroom apartments
- Eight (8) rear parking spaces for tenants
- 25‑year tax abatement in place; current annual taxes approximately $743
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,452
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,909,040
$2.9M
Cap Rate 7%
$2,077,886
$2.1M
Cap Rate 9%
$1,616,133
$1.6M
Market Conditions
NOI Build-Up for 6,559 SF
Gross rent
$275.5K $42.00/SF
− Vacancy
−$11.0K −$1.68/SF
EGI
$264.5K $40.32/SF
− OpEx
−$119.0K −$18.14/SF
NOI
$145.5K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,909,040
Cap Rate 7%
$2,077,886
Cap Rate 9%
$1,616,133
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.42M
NOI $145,452 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $219,072 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
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Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Modern three-story walk-up offers eleven two-bedroom apartments with eight rear parking spaces and separately metered utilities.
Where is this apartment building located?
The property is located at 150 Hendricks Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: 2012 three‑story masonry concrete block walk‑up with 11 two‑bedroom apartments; Eight (8) rear parking spaces for tenants; 25‑year tax abatement in place; current annual taxes approximately $743
