80 State St Staten Island, NY 10310
- Apartment buildings
- 3,520 SF
Current Use by Public Records
- Apartment buildings
Property Details for 80 State St
- Year built
- 1932
- Property size
- 3,520 SF
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a well-maintained, four-unit apartment building located at 80-82 State Street, Staten Island, NY 10310. Boasting 100% occupancy, this property generates a substantial net operating income (NOI) of $108,125 annually. The building, constructed in 1932, encompasses 3,520 square feet and sits on a generous 7,860 square foot lot. The property is zoned R 3-2, offering potential for future development or expansion. The convenient location provides easy access to both Brooklyn and the Staten Island Ferry, eliminating the need for transfers. A key advantage is the approved subdivision, creating an additional lot suitable for the construction of warehouse space, presenting significant added value and future income potential. This turnkey investment is priced at $1,500,000 and offers a compelling return on investment for discerning buyers seeking a stable and profitable multifamily asset in a desirable location. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. The tax parcel number (APN) is 00207-0035.
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
- -74.1179
- Latitude
- 40.6341
