83 Father Capodanno Boulevard, Staten Island, NY 10305

Building Details

Year Built

1931

Listing office Keller Williams Realty Group j***@kw.com Show Phone

Listing date Jan 16, 2025

Source Exitrealty

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Overview

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.

Suggested Use

Law Firm Real Estate Agency Spa & Massage Center Bar & Pub Cafe & Coffee Shop Hotel & Motel Building Supply Department Store Parking Lot & Garage Big Box & Wholesale Store

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

Location Insight

• Map
• Local Demand

City

Staten Island

County

Richmond

State

New York

Longitude

-74.0633

Latitude

40.5946

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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 Boulevard 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.