39 Racal Ct Staten Island, NY 10314
- Commercial real estate
- 3,430 SF
Current Use by Public Records
- Commercial real estate
Property Details for 39 Racal Ct
- Year built
- 1982
- Property size
- 3,430 SF
- Property type
- Commercial real estate
Description
This exceptional three-unit apartment building, located at 39 Racal Ct in Staten Island's Heartland Village, presents a compelling investment opportunity. Situated next to the Staten Island Mall, this property boasts a prime location offering unparalleled convenience and accessibility. The building, constructed in 1982, comprises three floors above ground plus a full basement, totaling 3,430 square feet of net rentable space. The building features a mix of unit sizes: one 1-bedroom, one 2-bedroom, and one 3-bedroom apartment, each occupying a floor. Currently operating at 100% occupancy with established tenants, the property generates a substantial net operating income (NOI) of $34,445, resulting in a 3.44% cap rate. The asking price is $999,900, translating to $333,300 per unit and $291.52 per square foot. The property sits on a 2,221 square foot lot and is zoned C4-1. This value-add investment presents a rare chance to acquire a well-performing multifamily property in a highly desirable Staten Island location. The property will be delivered fully occupied, offering immediate cash flow and potential for future appreciation. This is an ideal opportunity for an owner-user or investor seeking a strong return on investment in a thriving market. The building's strong tenant base and strategic location ensure a stable and profitable investment for years to come.
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
- -74.1645022
- Latitude
- 40.5862888
