646-662 Port Richmond Ave, Staten Island, NY 10302

This exceptional investment opportunity presents a 43-unit apartment building located at 646-662 Port Richmond Avenue, Staten Island, NY 10302. The property boasts 27,152 square feet on a 36,000 square foot lot, featuring a desirable mix of 12 studio, 17 one-bedroom, and 13 two-bedroom apartments, plus a vacant office space. Ample parking is provided with 39 on-site spaces. The building, constructed in 1974 and situated on a 200' x 180' lot, is a three-story, all-brick structure with a recently updated roof (3 years old) and state-of-the-art heating system (6 years old). A large 6,000 square foot basement includes a laundry area. The property is zoned R3A and offers a significant net operating income (NOI) of $610,477. This free-market (non-rent stabilized) building presents a compelling investment opportunity in a convenient location with easy access to shopping and public transportation, including buses to Brooklyn, Manhattan, and the Staten Island Mall. The asking price is $10,700,000, translating to a price per square foot of $394.08. Financial details are available upon request. The property is offered fee simple and is suitable for a 1031 exchange.