1 Scarboro Ave Staten Island, NY 10305
- Apartment buildings
- 98,864 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1 Scarboro Ave
- Year built
- 2023
- Property size
- 98,864 SF
- Property type
- Apartment buildings
Description
This exceptional Class A, 102-unit apartment building boasts 98,864 square feet on a 78,684 square foot lot in Staten Island, NY. Built in 2023, this four-story building offers breathtaking water and city views from private balconies. Each unit features a washer/dryer setup, and individual boilers and hot water tanks. Tenants are responsible for heat, hot water, cooking gas, electricity, and sub-metered water. The property includes underground parking and commands a net rentable area of 69,427 square feet. Currently operating at 100% occupancy (as of May 6, 2024), it generates a Net Operating Income (NOI) of $2,687,340, resulting in a 5.60% cap rate. The asking price is $48,000,000, or $470,588 per unit, and the property is zoned R4. This is a prime investment opportunity in a highly desirable location. The building is an LLC ownership.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.0648
- Latitude
- 40.6127
