6-Unit Rent-Stabilized Apartment
69 Starbuck Street Staten Island, NY 10304
69 Starbuck Street, Staten Island, NY, 10304
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For Sale
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Fully occupied 6-family, rent-stabilized building on Staten Island’s North Shore near public transportation.
Property Size3,941 SF
Price / SF$479.80
Days on Market35
Property Features for 69 Starbuck Street
General Information
- Standard status
- Active
- Size
- 3,941 SF
- Property subtype
- Multifamily
Listing agency
Robert Defalco Realty
(718) 987-7900
Listed by
Monica Girgis · License #10401340435
Source
Crexi
Added: Jun 17 Updated: Jul 21 at 3:14AM Checked: Jul 21 at 3:14AM
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 Robert Defalco Realty
Investment Insights
Based on property information with market context.
This fully occupied 6-family apartment building is described as rent-stabilized and positioned as an income-producing residential asset. The property is presented as well-maintained and turnkey, generating reported net operating income of 139,597.
The building is located on Staten Island’s North Shore and is described as being near public transportation, shopping, dining, parks, and major roadways, with easy access to Brooklyn and Manhattan. The remarks also note residents have views of the Verrazzano-Narrows Bridge.
The offering is for a for-sale multifamily property with the stated residential income and rent-stabilized configuration.
The building is located on Staten Island’s North Shore and is described as being near public transportation, shopping, dining, parks, and major roadways, with easy access to Brooklyn and Manhattan. The remarks also note residents have views of the Verrazzano-Narrows Bridge.
The offering is for a for-sale multifamily property with the stated residential income and rent-stabilized configuration.
Key Highlights
- Fully occupied 6‑family building with rent‑stabilized units on Staten Island’s North Shore
- Stated 7.4% cap rate and Net Operating Income (NOI) of $139,597
- Described as well‑maintained and providing rental cash flow from day one
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 | $177.3k | $45.00 |
| − Vacancy | −$15.1k | −$3.83 |
| EGI | $162.3k | $41.18 |
| − OpEx | −$73.0k | −$18.53 |
| NOI | $89.2k | $22.65 |
3,941 SF · lease $45.00/SF/yr · vacancy 8.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.12M – $1.49M
NOI $89,249 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,630 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fully occupied 6-family, rent-stabilized building on Staten Island’s North Shore near public transportation.
Where is this apartment building located?
The property is located at 69 Starbuck Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,890,900.
What are key features of this property?
This property features: Fully occupied 6‑family building with rent‑stabilized units on Staten Island’s North Shore; Stated 7.4% cap rate and Net Operating Income (NOI) of $139,597; Described as well‑maintained and providing rental cash flow from day one
