63 Gordon St Staten Island, NY 10304

Property Details for 63 Gordon St

Year built

1910

Property size

4,120 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of three buildings comprising six rental units located in Staten Island, New York. The properties, situated at 63 Gordon Street, 3B Ludwig Lane, and 174 Pine Place, offer a combined 4,120 square feet of net rentable space. Built in 1910 and extensively renovated in 2018, these Class B buildings boast a two-story design and are situated on a 6,181 square foot lot. Currently operating at 100% occupancy, the portfolio generates a strong NOI of $162,712, translating to a 9.04% cap rate. Pro-forma projections indicate a potential NOI of $181,420 and a 10.08% cap rate. Each of the six units commands a price of $299,833.33, with the entire portfolio listed at $1,799,000. The property features two parking spaces and is zoned R3A. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio with significant upside potential. The seller is motivated and seeking a quick close. Financial statements are available upon request. This portfolio presents a compelling investment opportunity for those seeking immediate cash flow and strong long-term appreciation. The combined value of the three properties exceeds the asking price, offering significant equity potential for the buyer.