16 Butler Ter Staten Island, NY 10301
- Commercial real estate
- 4,224 SF
Current Use by Public Records
- Commercial real estate
Property Details for 16 Butler Ter
- Year built
- 1901
- Property size
- 4,224 SF
- Property type
- Commercial real estate
- APN
- 00085-0032
Description
This exceptional multifamily investment opportunity presents a meticulously renovated four-unit apartment building located in the desirable New Brighton neighborhood of Staten Island, New York. The property, situated on a generous 7,695 square foot lot spanning between Butler Terrace and Brighton Avenue, boasts a total of 4,224 square feet of living space. Built in 1901 and completely renovated in 2022, this building offers a blend of historic charm and modern amenities. The four units comprise two three-bedroom units and two two-bedroom units, each equipped with individual meters for efficient utility management. The property's strong financial performance is highlighted by a Net Operating Income (NOI) exceeding $155,427 annually, generated from a gross income of over $169,000. Adding to its appeal are two additional rental garages, providing a significant value-add opportunity to further increase revenue. The property is zoned R3-2, offering potential for future development or expansion. This turnkey investment presents a rare opportunity to acquire a high-performing multifamily property in a thriving Staten Island neighborhood. The combination of strong cash flow, recent renovations, and value-add potential makes this an ideal asset for discerning investors seeking a stable and profitable investment. The property's location and features make it an attractive option for both long-term ownership and potential future appreciation.
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
- -74.089545
- Latitude
- 40.63637
