6-Unit Rent-Stabilized Apartment
For Sale
Contact for pricing
69 Starbuck Street, Staten Island, NY 10304
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 Market126
Property Features for 69 Starbuck Street
General Information
Standard status
Active
Size
3,941 SF
Property subtype
Multifamily
Zoning
R3 - 2
Occupancy
100%
Financials
Cap Rate
7.4%
Business Included
Yes
Additional Details
Multifamily Units
6
Building Details
Buildings
1
Units
6
Listing Agency:
Robert Defalco Realty
Listed By:
Monica Girgis · License #10401340435
(718) 987-7900
Source:
Crexi
Added: Jun 17
Changed: Oct 15
Last Checked: Oct 19 at 6:42AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,249
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,784,980
$1.8M
Cap Rate 7%
$1,274,986
$1.3M
Cap Rate 9%
$991,656
$991.7K
Market Conditions
NOI Build-Up for 3,941 SF
Gross rent
$177.3K $45.00/SF
− Vacancy
−$15.1K −$3.83/SF
EGI
$162.3K $41.18/SF
− OpEx
−$73.0K −$18.53/SF
NOI
$89.2K $22.65/SF
Area
ZIP 10304
Vacancy
8.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,784,980
Cap Rate 7%
$1,274,986
Cap Rate 9%
$991,656
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 authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
