11-Unit Walk-Up Apartment
150 Hendricks Avenue Staten Island, NY 10301
For Sale
Contact for pricing
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$346.85
Days on Market200
Property Features for 150 Hendricks Avenue
General Information
- Standard status
- Active
- Size
- 6,559 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2012
Listing Agency:
Revolution Real Estate
Listed By:
Salvatore Taormina · License #000000
Source:
Crexi
Added: Jan 7
Changed: Jul 21
Last Checked: Jul 25 at 4:41AM
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.
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 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 | $275.5k | $42.00 |
| − Vacancy | −$11.0k | −$1.68 |
| EGI | $264.5k | $40.32 |
| − OpEx | −$119.0k | −$18.14 |
| NOI | $145.5k | $22.18 |
6,559 SF · lease $42.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.42M
NOI $145,452 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $219,072 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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 $2,275,000.
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
